Earlier this week, a California federal judge gave preliminary approval to a securities class action settlement with six outside directors of the now bankrupt company Peregrine Systems totaling $55.95 million.

No, we didn't get our headlines mixed up. A FINRA arbitration panel awarded Colorado IP lawyer Gerald Hosier and other investors $54.1 million--including $17 million in punitive damages--in a fight with Citigroup over municipal bond funds that tanked during the financial crisis.

The U.S. International Commission has upheld a decision to reject a so-called patent troll's infringement complaint against more than a dozen companies, knocking out the first case heard under new rules designed to streamline ITC litigation.

Kessler Topaz and Prickett, Jones & Elliott, fresh from winning a record $305 million attorney fee award in the Delaware Court of Chancery, want a judge to rule that companies can't adopt bylaws restricting shareholder suits to be filed exclusively in the Delaware court without first holding a shareholder vote. "Bring it on," says former SEC Commissioner Joseph Grundfest of Stanford Law, who's been championing such provisions.