The Equal Employment Opportunity Commission hoped to show that Bloomberg LP retaliated against employees who took maternity leave. Instead, the federal agency once again finds itself in the hot seat over its litigation conduct.

Will Barry Berke of Kramer Levin Naftalis & Frankel help stymie the ever-widening insider trading probe of the hedge fund SAC Capital Advisors? Or will Berke's client be just another step up the ladder for prosecutors determined to nab the fund's billionaire founder, Steven Cohen?

We're beginning to reap the consequences of the sweeping Lehman examiner's report. Plaintiffs in a long-pending securities class action have now filed an amended complaint that adds allegations about Lehman's now-infamous Repo 105 balance sheet asset transfers--and adds Lehman's auditor, Ernst & Young, as a defendant.

We're not holding our breaths, but Manhattan federal district court judge Loretta Preska gave the Federal Reserve Board just five days to cough up more results of a FOIA search that the judge found "inadequate." Bloomberg sued over the Fed's refusal to hand over certain records pertaining to the agency's emergency lending program. Judge Preska didn't buy the argument that releasing the documents could hurt shareholders and be unfair to bailed out banks.