Key Ruling in BofA Securities Class Action Gives Plaintiffs Access to Treasure Trove of Documents - Law.com - Thu 6:37 pm ET
On Tuesday, in a huge win for shareholders, a New York federal judge took the unusual step of lifting the statutory discovery stay in a securities class action suit against Bank of America.

Wells Fargo to Pay $1.4 Billion in Auction-Rate Securities Settlement - Law.com - Thu 6:37 pm ET
Wells Fargo & Co. will buy back an estimated $700 million in troubled auction-rate securities from California investors under terms of a settlement announced by Attorney General Jerry Brown on Wednesday.

Lynne Stewart Told to Surrender; Court's Split Over Light Sentence Remains - Law.com - Thu 6:37 pm ET
A procedural muddle kept Lynne Stewart out of prison for another day, but even as she prepared to surrender, the possibility remained that one or more judges on the 2nd Circuit may want to revisit her controversial sentence en banc.

Ex-Toyota Attorney Ordered Into Arbitration Over Destroyed Evidence Claims - Law.com - Thu 6:37 pm ET
A federal judge has ordered that a former in-house lawyer at Toyota Motor Sales USA must arbitrate claims that the automobile manufacturer hid and destroyed evidence in cases involving victims of rollover accidents. U.S.

Ousted Law Firm Chairman Requests Disbarment in Wake of Fraud Probe - Law.com - Thu 6:37 pm ET
Besieged Florida attorney and political rainmaker Scott Rothstein is picking his battles -- and trying to stay a lawyer is not one of them. The ousted chairman of Rothstein Rosenfeldt Adler has submitted a request of permanent disbarment on consent to the Florida Bar.

2nd Circuit Upholds Disbarred Lawyer's Conviction in Terror Case - Law.com - Wed Nov 18
Disbarred lawyer Lynne Stewart had her bail revoked Tuesday as a federal appeals court upheld her conviction and directed a review of the short prison sentence she was given for providing material support to a terror conspiracy.

House Panel Challenges BofA on Timing of GC's Firing - Law.com - Wed Nov 18
Three Bank of America officials insisted before a congressional panel Tuesday that the firing of the bank's general counsel last December, in the middle of a huge merger and the U.S. financial crisis, was just ordinary corporate "downsizing."