For close to two years, counsel for Bank of America at Cleary Gottlieb and Wachtell Lipton have been struggling--and largely failing--to tame consolidated securities, ERISA, and derivative litigation over BofA's 2008 merger with Merrill Lynch. Will Brad Karp, Ted Wells, and their partners at Paul Weiss fare any better?

Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.