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State Bar & Bar Associations

Aug. 4, 2012

Proposed financial regulation stirs ABA worries

A proposed federal regulation requiring reports from financial institutions on their reserves for pending litigation claims has drawn a concerned letter from the American Bar Association over attorney-client privilege issues.


By Ameera Butt


Daily Journal Staff Writer


A proposed federal regulation requiring reports from financial institutions on their reserves for pending litigation claims has drawn a concerned letter from the American Bar Association over attorney-client privilege issues.


The ABA, which this week sent the letter to the Board of Governors of the Federal Reserve System , said the attorney-client and work-product privileges would be put in serious je...

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