Marjorie Magner heads the group's consumer banking division and has worked closely with chairman Sandy Weill (who has his own difficulties with the firm) over two decades.
The problem with fighting bankruptcy issues, as the Magner case describes, is it takes private litigation, successful expensive private litigation, to force the banks to produce the data to prove harm.
The Supreme Court was scheduled to hear oral arguments in Magner in late February 2012 and the statutory seal on the Newell lawsuit which kept the case from public view was due to expire in March.