A U.S. judge approved a protective order allowing Bank of America Corp. to waive attorney-client privilege regarding some details of its acquisition of Merrill Lynch & Co. in a civil lawsuit by the Securities and Exchange Commission.

In an order Wednesday, U.S. District Judge Jed S. Rakoff in Manhattan approved the agreement, which would let the Charlotte banking company turn over some documents regarding the legal advice it got last year as part of its merger with Merrill Lynch.

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