In what may be a sign of things to come in the subprime litigation, Merrill ponies up one of the 20 biggest securities class action settlements on record.

On Tuesday the world's largest retail trade association vowed to go to court if necessary to fight a proposed $7.25 billion class settlement with Visa, MasterCard and their partner banks, arguing that the deal "does nothing" to curb the card companies' alleged manipulation of credit card swipe fees. Constantine Cannon, meanwhile, has rejected accusations that the firm faces a conflict of interest in its efforts on behalf of merchants that object to the settlement.

Will the U.S. Supreme Court agree to decide once and for all whether corporations are liable for human rights abuses under the Alien Tort Statute?

Volkswagen, represented by Kenneth Geller of Mayer Brown, argued that the plaintiffs attorneys in an MDL over alleged oil-sludge damage should only get $7.7 million.

ERISA plaintiffs just can't seem to get past judges' deference to the decisions of plan fiduciaries, even when they claim those fiduciaries deceived employees.

Shareholders in failed banks have a tough row to hoe to prove loss causation.