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

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