Is that an indication that the banks' allegations of fraud in the insurer's $5 billion restructuring have hit a wall? Not hardly, says bank group lead counsel Sullivan & Cromwell, which is pushing forward with discovery against MBIA and the N.Y. insurance department.

It's all about the injunctions. Quinn's gearing up for global patent battles, and with specialized German IP courts still handing out quickie injunctions, Mannheim and D�sseldorf have become Europe's versions of the Eastern District of Texas, pre-MercExchange.

By ruling that a Florida investment partnership's RICO claims against JPMorgan were barred by the Private Securities Litigation Reform Act, did the Second Circuit hurt Madoff trustee Irving Picard's chances of collecting $19 billion in his suit against UniCredit, Austrian banker Sonja Kohn, and Bank Medici?

BlackRobe Capital may have been backed by plenty of high-profile legal talent, but it turns out that wasn't enough to keep the litigation funding firm afloat.

Before the SEC brought civil insider-trading charges against the Deutsche Bank bond salesman who allegedly tipped off a hedge fund portfolio manager, Deutsche Bank conducted its own investigation of contacts between the two men, in which Khuzami himself questioned the bank's bond salesman. After the internal investigation, Deutsche Bank took no action against its salesman--meaning that the SEC lawyers who filed suit disagreed with the judgment of the man who's now their boss.

A Goldman Sachs & Co. spokesman has told the Litigation Daily that the company won't try to recoup the legal fees that it paid for Fabrice Tourre's defense, despite a jury's finding that the former trader committed fraud.