It’s a general counsel’s worst nightmare come true. On Wednesday, New York Supreme Court Justice Eileen Bransten shot down Bank of America’s request to exclude its CEO Brian Moynihan from testifying in a lawsuit brought by bond insurer MBIA Inc.
Well, on the bright side, at least all of the lawsuits alleging Bank of America Corp. (BofA) misled investors in this instance will be consolidated into a single suit…
Perhaps the New Year has brought a fresh set of luck for the beleaguered bank. After basically taking it on the chin again and again in 2011, Bank of America Corp. (BofA) caught a break in its battle with Allstate Insurance Co.