HSBC on Monday announced it had entered into a partial settlement with investors in Thema International Fund. A day later Manhattan federal district court judge Richard Berman dismissed all the claims against the bank and other defendants, largely on the grounds that the cases should be filed in Ireland and Luxembourg.

Cite as: MLSMK Investment Company v. JP Morgan Chase & Co., Index 10-3040-cv, NYLJ 1202499634383, at *1 (Court, Decided July 7, 2011)Before: Mclaughlin, Poo

Do you have an opinion on this hot topic? If so, the ABA's Committee on Ethics wants to hear from you.

Is that an indication that the banks' allegations of fraud in the insurer's $5 billion restructuring have hit a wall? Not hardly, says bank group lead counsel Sullivan & Cromwell, which is pushing forward with discovery against MBIA and the N.Y. insurance department.

It's all about the injunctions. Quinn's gearing up for global patent battles, and with specialized German IP courts still handing out quickie injunctions, Mannheim and D�sseldorf have become Europe's versions of the Eastern District of Texas, pre-MercExchange.

By ruling that a Florida investment partnership's RICO claims against JPMorgan were barred by the Private Securities Litigation Reform Act, did the Second Circuit hurt Madoff trustee Irving Picard's chances of collecting $19 billion in his suit against UniCredit, Austrian banker Sonja Kohn, and Bank Medici?