Posts tagged Ambac v. Countrywide.
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In 2008, Ambac v. Countrywide defendants Bank of America Corporation and Countrywide Financial Corporation merged into a wholly-owned subsidiary of Bank of America. In discovery, Bank of America withheld communications between Bank of America and Countrywide that occurred before the merger, on the basis that they were privileged attorney-client communications that were protected from disclosure under the common-interest doctrine. In 2014, the New York Appellate Division, First Department, acknowledged that "New York courts have taken a narrow view of the common-interest ...
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