That didn't take long. A couple of Manhattan federal district court judges overseeing billion-dollar securities cases are already weighing the effect of the Supreme Court's game-changing ruling in Morrison v. NAB.

The allegations in the new complaint sound an awful lot like what shareholders have already claimed in a Delaware Chancery Court case against Barclays and KKR. But they're also similar to those in a sweeping LBO bid-rigging suit Robins is pursuing against 17 investment banks and private equity funds.

MBIA may have landed a major blow in its multi-round fight with Bank of America, but neither side is about to go down for the count.

In the latest development in the Chapter 11 of WaMu's parent, a judge refused to appoint an examiner but told Susman Godfrey it can probe the estate's deal with JPMorgan Chase. That doesn't bode well for a settlement--and a plan of reorganization--that's already imperiled.

A jury might really sink its teeth into Norex Petroleum's claims against a collection of Russian billionaires and oil companies. But unfortunately for Norex, over the span of 10 years Pell has led the way in convincing three different courts in Manhattan to dismiss the case without ever reaching the merits.