The SEC dug up some Wachtell publications from 2005 and 2007 to argue in a new filing that Wachtell knowingly gave Bank of America bad advice about how it should disclose $5.8 billion in bonuses approved for Merrill Lynch employees. But do those documents really support the SEC?

David Becker, the former SEC general counsel and current partner at Cleary Gottlieb Steen & Hamilton, has come under fire for not recusing himself from Madoff investor decisions when he was at the SEC. But there's a bigger problem highlighted by the SEC Inspector General's report.

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.

For the second time in three years, Schapiro and Kramer persuaded a judge to knock out Viacom's seminal copyright infringement lawsuit over thousands of video clips posted on YouTube.