Combined with a previously reported $90 million deal with Lehman directors and officers, a proposed settlement disclosed Friday with a slew of underwriters would bring the plaintiffs' combined recoveries in the case to $507 million. Next up for co-counsel at Bernstein Litowitz and Kessler Topaz? Claims against underwriter UBS and Lehman auditor Ernst & Young.

Reading the report of Lehman examiner Anton Valukas is an exercise in frustration: Despite his careful chronicling of the inept corporate management that pushed Lehman into bankruptcy, Valukas concludes that most lousy Lehman executive decisions fall under the protection of Delaware's vaunted business judgment rule.

The failure of lawyers at Brune & Richard to reveal that they knew a juror in their client's trial was lying doesn't mean that they gave their client ineffective counsel, a federal court judge in Manhattan ruled Thursday. The client, former Deutsche Bank accountant David Parse, was convicted in 2011 in a trial over a tax shelter scheme allegedly set up by codefendant Paul Daugerdas, a former Jenkens & Gilchrist partner.

The poster child for patent holding companies keeps dropping defendants from an infringement suit involving digital network access server technology. Is it signing secret licensing deals or just losing the litigation?