NEW YORK, (Reuters)— A federal judge on Tuesday rejected Bank of America Corp's request to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank over an alleged conflict of interest by one of the firm's partners.
U.S. District Court Judge Barbara Jones ruled that the partner's minimal involvement in the case and AIG's established relationship with Quinn Emanuel Urquhart & Sullivan weighed against removing the law firm from the case.
Bank of America asked the judge in October to disqualify the law firm because its partner, Marc Becker, previously defended Merrill Lynch & Co and its First Franklin Financial Corp unit against similar charges of mortgage fraud. Merrill Lynch and First Franklin are now both subsidiaries of Bank of America and defendants in the case.
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