It was inevitable that the collapse of the $300 billion auction-rate securities market in 2008 would trigger securities litigation. But the ARS freeze also spawned a massive antitrust case, after a trio of plaintiffs firms cooked up a theory that the market's demise was triggered by an illegal boycott on the part of major banks.

Kasowitz Benson has had mixed luck lately pressing claims that the hedge fund Magnetar Capital colluded with various banks to to place short bets on complex securities backed by subprime mortgages. The firm's luck was all bad this week in its case against UBS AG.

When New Jersey superior court judge Michele Fox dismissed The Donald's libel suit against the author who dared to say he's not actually a billionaire, she ruled from the bench, without issuing a written opinion. But never fear: The Lit Daily has gotten hold of a transcript of her ruling. And let's just say Trump was thoroughly thumped.

A Second Circuit panel ruled 2-1 Monday that Aereo's convoluted strategy for streaming live television most likely passes copyright muster, handing a big setback to the networks and a huge win to Aereo's lawyers.

After weeks of Madoff-related civil suit filings, we finally have a ruling. And for the feeder fund defendants being sued almost daily, it's a good one.

Over the strenuous objections of Judge Denny Chin, the full Second Circuit on Tuesday refused to revisit broadcasters' claims that Aereo's upstart streaming TV service is a flagrant exercise in copyright infringement.