Were dozens of banks complicit in the $3 billion fraud that toppled the cable company? With Judge Lawrence McKenna's refusal to grant the banks' motion to dismiss the Adelphia trustee's case against them, we may get an answer.

One of our favorite things about covering litigation is the way that cases sometimes reveal information that's far more interesting than the underlying issues might otherwise suggest. Today we have a prime example of that phenomenon: a legal fee indemnity dispute that also happens to offer a bit of insight into the SEC's investigations of Goldman Sachs and UBS.

V&E came through in a big way for its client, the jilted merger partner. Huntsman ended up with a billion-dollar settlement from Hexion--and V&E collected the lion's share of $43 million in legal fees paid out by Huntsman.

The U.S. Supreme Court declined on Monday to hear arguments by the world's biggest banks that the Federal Housing Finance Agency waited too long to sue them over losses on $200 billion in mortgage-backed securities.

As Sullivan & Cromwell's Robert Giuffra Jr. promised immediately after his loss to MBIA Inc. earlier this month, Bank of America and Société Genéralé are taking their fight with the bond insurer back up to a New York state appellate court.

Just because the government has succeeded in an off-label marketing case doesn't mean that private plaintiffs will have an easy road in a follow-on civil case.