Cite as: Assured Guaranty (UK) Ltd. v. J.P. Morgan Inv. Mgt. Inc., 603755/08, NYLJ 1202475335060, at *1 (App. Div., 1st, Decided November 23, 2010)Before: Richa

Citi is the first major financial institution to resolve SEC allegations that it misled investors about its subprime exposure. We're betting it won't be the last.

All three leading candidates in the crucial race to replace Andrew Cuomo are pulling in big bucks. But wait til you see who's giving--and how much--to the former Bernstein Litowitz partner.

Last Thursday, when we weren't looking, another big fish from the Am Law pond swam into New York federal district court to testify in the fight between AIG and former CEO Maurice "Hank" Greenberg. Testifying for AIG, Richard Beattie, chairman of Simpson Thacher & Bartlett, contradicted Greenberg and insisted that he did not advise Greenberg to end a deferred-compensation program for AIG executives for reasons of corporate governance.

Plaintiffs lawyer Stuart Grant has asked Vice-Chancellor Leo Strine to hold off on approving the Great AIG Armistice until he figures out what it means for shareholders.

Conspicuously absent from Thursday's lawsuit is Constantine Cannon, which took the lead in objecting to a $7.25 billion deal that MasterCard, Visa, and a group of card-issuing banks struck last July to resolve claims that they fixed fees on credit and debit card transactions.

Usually private plaintiffs have reason to celebrate DOJ results in parallel antitrust litigation. But what happens when the government decides not to pursue some of the claims made by those private plaintiffs?