BofA-Merrill Tops Credit Suisse Tally of CDO ‘Litigation Risk’

Bloomberg reports:

Bank of America Corp. and Merrill Lynch & Co. led Credit Suisse AG’s “CDO litigation risk” list after offering $16.85 billion of collateralized debt obligations similar to the one that prompted a fraud suit against Goldman Sachs Group Inc.

The tally of lead underwriters of CDOs with “salient characteristics” of the disputed deal between 2005 and 2008 may help investors gauge the risk that lawsuits will spread to other firms, Credit Suisse said in a report today. Bank of America, the largest U.S. bank, acquired New York-based Merrill Lynch in January 2009.