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Banking

Aug. 27, 2011

Munger advises Berkshire in BofA lifeline

Munger, Tolles & Olson LLP helped Warren Buffett's Berkshire Hathaway Inc. extend a $5 billion lifeline to beleaguered Bank of America Corp. on Thursday, adding to its history of working out deals to help distressed companies.


By Robert Pierce


Daily Journal Staff Writer


Munger, Tolles & Olson LLP helped Warren Buffett's Berkshire Hathaway Inc. extend a $5 billion lifeline to beleaguered Bank of America Corp. on Thursday. The team advising Berkshire Hathaway has a history of working out deals to help distressed companies.


Partner Robert E. Denham said the team put the deal together in about 24 hours.


For the $5 billion investment, Berkshire Hathaway...

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