Less than a week after Verizon threw its weight behind Samsung in its infringement fight with Apple and called for all the combatants in the smartphone patent wars to quit seeking injunctions against each other's products, another major wireless carrier has entered the fray.

The proposed settlement still leaves the country's largest fresh egg producer and its lawyers at Gibson Dunn fighting price-fixing claims from indirect purchasers and opt-out direct action plaintiffs.

Following Google's $5 million patent trial loss last month to Bedrock Computer Technology, it took a jury in the same Tyler, Texas courtroom just 40 minutes to reach a verdict of non-infringement on Tuesday in Bedrock's case against Yahoo over the same patent.

Last spring the lower court tossed MBIA's fraud claims against Merrill, finding the insurer is a sophisticated investor that understood the risks of the CDOs it insured. Only a breach of contract claim survived--and now that's gone too. A state appeals panel, in the first MBIA MBS case to reach the appellate level, concluded MBIA couldn't show a breach of the exact language of its CDO contracts.

A Philadelphia judge has refused to dismiss a class action suit accusing Bank of America of engaging in a scheme to use mortgage insurance premiums to fund illegal kickbacks. In his Thursday ruling, the judge directed the parties to develop a record on the issue of whether the statute of limitations should be equitably tolled based on the plaintiffs' claims.

Lawyers for Lehman's estate said at a hearing that Barclays never told the court that it walked away with an $11 billion gain on its purchase of Lehman assets.

Representing Lehman Brothers in its bankruptcy proceedings, Rothman won a ruling in which Bank of America was castigated and forced to give back $500 million that it had seized from Lehman.

The stage is now set for a three-way showdown in the Argentine bondholder litigation in New York, as the Second Circuit weighs whether to intervene ahead of Argentina's looming deadline to pay its creditors. And given the cast involved from Cleary Gottlieb, Gibson Dunn, and Boies Schiller, we admit we're rooting for the court to raise the curtain.

After a couple of bruising rulings in cases contesting its controversial 2009 restructuring, the bond insurer finally comes out on the winning end. In a case blaming Countrywide's shoddy underwriting for MBIA's billion-dollar exposure in 15 mortgage-backed securitizations, the bond insurer can rope in Countrywide's new parent, BofA.