Don't get too excited: Most of the money in the settlement will go to holders of U.S.-traded American Depository Shares. But for investors who bought Satyam shares overseas, a 90 percent discounted recovery is still better than nothing.

It looks like the logjam of litigation filed over mortgage-backed securities is beginning to break. This appears to be the first class settlement of claims by investors in these securities.

For the second time in less than a week, a Delaware Chancery Court judge had harsh words for a CEO seeking to sell his company in a multibillion-dollar deal, but stopped short of blocking the proposed sale.

Mortgage-backed securities plaintiffs scored their fourth securities class action settlement since the start of the financial crisis on Monday. But the deal with Deutsche Bank is also the smallest yet.

David Boies has had many victories in his career, but his win on Monday for the plaintiffs in the Halliburton securities class action has special meaning for him. Boies took over the case from his daughter Caryl Boies, who died last December from lung cancer at age 48.

Manhattan federal district judge Jed Rakoff swiftly dispensed with any notion that the Supreme Court's ruling in the Wal-Mart employment case should affect this securities case. "The Court finds that Wal-Mart has little to no bearing on the issues before the Court," he wrote.

When Judge Denny Chin was elevated to the Second Circuit, Judge Kevin Castel volunteered to take over the BofA securities class action. Whatever happens before him, BofA and its lawyers at least know they won't be on the receiving end of angry orders from Judge Rakoff--an experience they're all too familiar with.

In the enormous Bank of America securities class action, plaintiffs lawyers seeking the appointment of lead counsel are starting to make the case for themselves--and against their rivals.

Before the major copyright infringement class action against YouTube was filed in New York federal court two years ago, Robert Tur, a helicopter journalist, had initiated his own suit against the video-sharing site in the Central District of California. On Tuesday, against the protests of YouTube, the Ninth Circuit allowed Tur to transfer his suit to New York and join the class action.