Morning Docket: 10.13.09

* Bank of America’s board votes to waive privilege and disclose the legal advice it received on the Merrill Lynch merger, which could spell trouble for B of A’s outside counsel at Wachtell (depending on the advice given). [New York Times]
* Meanwhile, B of A expands its team for the SEC litigation in the S.D.N.Y. by hiring Paul Weiss (which, along with Cleary Gottlieb, urged the bank to waive privilege with respect to the Merrill merger advice). [Dealbook / New York Times]
* Tort reform, in the form of limitations upon medical malpractice suits, could save up to $54 billion over the next 10 years. [CNN]
* Jon and Kate arbitrate… [People]


* … while the heirs of he Rev. Martin Luther King Jr. reach a settlement in their disputes over the estate. [AP]
* Why is it illegal to blackmail David Letterman — and should it be? Law professors opine. [New Yorker via How Appealing]
* This week Judge Vaughn Walker (N.D. Cal.) will consider a motion to dismiss the gay marriage case brought by David Boies and Ted Olson. [WSJ Law Blog]
* Hillary Clinton declares that she won’t run for president again. Sigh. [Washington Post]

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