Did BofA Err by Relying on Wachtell for Defense in Shareholder Suit?
Was it wise for Bank of America to choose Wachtell to lead its defense when the firm advised the company on the underlying disclosure issues behind Friday's $2.43 billion settlement? "I have the highest respect for Wachtell," said Columbia Law School professor John Coffee Jr. "But you have problems when you're defending advice you gave the client."
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