BofA asks judge to toss AIG’s counsel from $10 billion case

Bank says representation by Quinn Emanuel Urquhart & Sullivan flouts ethical rules

Life for Bank of America (BofA) continues to be a struggle. The latest drama is currently unfolding in a New York courtroom as the beleaguered bank spars with equally bedraggled American International Group Inc. (AIG) over a massive, $10 billion lawsuit.

In early August, AIG sued BofA and its subsidiaries, Countrywide and Merrill Lynch, for misrepresenting the quality of mortgages it sold to investors. As a result, AIG said it lost $28 billion in investments.

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