Oct. 18 (Reuters)—Bank of America Corp urged a judge to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank, alleging a conflict of interest by one of the firm's partners.
The bank said Quinn Emanuel Urquhart & Sullivan should be removed because the partner had defended Merrill Lynch & Co and its First Franklin Financial Corp unit against similar charges that they made and sold defective mortgage loans. Bank of America bought Merrill on Jan. 1, 2009.
While the partner, Marc Becker, is no longer working on the case following the bank's objection, his earlier involvement is a “flouting of the ethical rules” and put him in position to use his former clients' confidential information, Bank of America said.
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