LexisNexis Video News Update - September 10, 2010

Among the stories on this video edition of LexisNexis Legal News:

• The Delaware Supreme Court in late August held that shareholders of Bank of America who were not shareholders before its acquisition of Merrill Lynch, still have standing to file a double derivative lawsuit seeking to recover Merrill's pre-merger losses.

• Meanwhile, a judge on August 27 dismissed claims that Bank of America and its board of directors breached their fiduciary duties under the Employee Retirement Income Security Act, by permitting the investment of the company's retirement plan assets in company stock at the same time it acquired Countrywide Financial and Merrill Lynch.

• A class action lawsuit was filed Aug. 31 in Nevada federal court challenging the federal health care legislation signed into law by President Barack Obama in March.