Litigation

Recent Posts

$2.43 Billion BofA/ Merrill Lynch Merger Results In Largest Credit-Crisis Class Action Settlement
Posted on 17 Oct 2012 by Kevin M. LaCroix

In what is by far the largest settlement of a credit crisis-related securities class action lawsuit, Bank of America has agreed to pay $2.43 billion to settle the suit filed against the company and certain of its directors and officers in connection with... Read More

Renewed Dismissal Motions In Bank of America/Merrill Lynch Litigation Denied In Part, Granted In Part
Posted on 3 Aug 2011 by Kevin M. LaCroix

The facts and circumstances surrounding Bank of America's credit crisis-induced acquisition of Merrill Lynch remain among the highest profile and most controversial events during the global financial crisis. In a July 29, 2011 opinion ( here ), Southern... Read More

Thoughts About WikiLeaks And Executive Liability
Posted on 3 Dec 2010 by Kevin M. LaCroix

Though it quickly recovered, Bank of America's share price declined earlier this week on speculation that the company is the bank whose internal documents WikiLeaks intends to post on the Internet at some future date. According to news reports , the... Read More

Merrill Lynch/Bank of America Subprime-Related 'Double Derivative' Lawsuits Dismissed
Posted on 31 Mar 2011 by Kevin M. LaCroix

In a March 29, 2011 order ( here ), Southern District of New York Judge Jed Rakoff granted the defendants' motions to dismiss a pair of subprime-related derivative lawsuits that had been brought against certain directors and officers of Merrill Lynch... Read More