Group of 20 Bank of America turned over a swath of documents on Friday to three government entities that have been investigating its acquisition of Merrill Lynch, fulfilling a pledge given on Monday in which the bank agreed to waive attorney-client privileges in the matter.
The BofA documents memorialise legal advice from in-house counsel and outside attorneys at Wachtell Lipton on the subject of whether BofA executives needed to tell investors about mounting losses at Merrill Lynch last year, before a shareholder vote was taken to approve the deal.
