Merrill Lynch shareholders suing, because they think that they did not get enough from Bank of America to buy them.
If BoA shareholders sued, they would have a case, because Merril shows every sign of being like Countrywide, where every few days/weeks, more unpleaseantness will be found as rocks are turned over.
BoA bought itself another money pit.
I approve of the right to litigate, but this is a stupid lawsuit.