It's been three months since a group of investors won class certification in their suit against seven trading specialist firms. But you wouldn't have known it until now, because the order in the six-year-old case was under seal. On June 5, Manhattan federal district judge Robert Sweet agreed to unseal the order, and the plaintiffs, led by the California Public Employees Retirement System, are pleased it's seeing the light of day.

Eric Butler's lawyers argued that his clients were happy with the high returns on the risky subprime securities Butler bought for them, at least until the market crashed. But the jury apparently believed Butler's former colleague, who testified that he and Butler misled clients about their purchases. Plus: The new Manhattan U.S. attorney makes some moves.