Attorneys General

New York, Delaware AGs Again Intervene in BofA-Countrywide MBS Settlement Proceeding

On Wednesday, June 6, 2012, Judge Barbara R. Kapnick granted the motions of the Attorneys General of the states of New York and Delaware to intervene in the proceeding to approve the $8.5 billion settlement between Bank of America and investors in certain Countrywide MBS. Both Attorneys General previously had been allowed to intervene in related federal court proceedings. The case was subsequently remanded to state court, where the New York and Delaware AGs again sought to intervene. In granting the motions over the objection of the trustee for the MBS trusts and certain institutional investors, Judge Kapnick found that the Attorneys General had “identified legitimate quasi-sovereign interests at play in this Proceeding,” and that the intervention would not result in undue delay. Order.

Updated Attorney General Post-Election Reference Guide

Orrick has developed an Attorney General Post-Election Reference Guide to assist clients in learning about the Attorneys General (AGs) in all 50 states and the District of Columbia, including the 19 new incoming AGs. This past election was one of great significance because more than ever before in our nation’s history, AGs are recognized for playing an increasingly powerful and multifaceted role in their states. Guide.

**Due to inaccuracies in the previous version of the Guide, an updated guide is now available. For more information, please contact Lori Kalani.