Bank Of America set to reveal legal advice from Merrill merger deal
Paul Weiss Rifkind Wharton & Garrison has advised Bank of America to waive privilege and reveal legal advice that the bank received last year in its merger with Merrill Lynch, reports The American Lawyer. On Monday (12 October), Paul Weiss lawyers, along with counterparts from Cleary Gottlieb Steen & Hamilton, advised the bank's board to make a surprising change in strategy and vote to waive privilege in the Securities and Exchange Commission's (SEC's) much-publicised disclosure case against Bank of America, which is now set for a trial next year, after Manhattan federal district court Judge Jed Rakoff rejected a $33m (£21m) settlement between Bank of America and the US Government.
Paul Weiss Rifkind Wharton & Garrison has advised Bank of America to waive privilege and reveal legal advice that the bank received last year in its merger with Merrill Lynch, reports The American Lawyer.
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