There's a battle brewing over whether companies can unilaterally change their bylaws to require that a broad class of shareholder suits be filed exclusively in Delaware Chancery Court. Such bylaws may promote judicial efficiency, but the corporate directors who adopt them may also have their own interests in mind.

A report by the Securities and Exchange Commission's Office of Inspector General examines the interactions between Enforcement Division Director Robert Khuzami and Citigroup's lawyer, Mark Pomerantz of Paul, Weiss, Rifkind, Wharton & Garrison, during the negotiations that led to Citi's $75 million settlement last year. While the OIG cleared Khuzami of wrongdoing, the public version of this report leaves some big questions unanswered.

Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.

U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Appearances: E.ON AG v. For Plaintiffs: Rory O. Millson Gary A. Bornstein Andre