When the National Credit Union Administration made its debut in the mortgage-backed securities wars, the once-obscure regulator wasn't exactly known as a Wall Street scourge. After $335 million in settlements, there are no more doubts that the agency means business.

Richard Cordray made quite a fuss over a relatively modest resolution of one of the lesser problems AIG faces. But he says it's a prelude to the big securities class action against AIG, in which Ohio pension funds are lead plaintiff.

The ruling is as exhaustive a study of Twombly as we've ever seen. In the end, it gives both the small team of plaintiffs lawyers and the veritable defense army in the case something to cheer about.

Many of the world's most powerful private equity firms must face an investor class action alleging that they conspired to drive down buy-out prices for publicly traded companies, a federal judge in Boston ruled Thursday.

The plaintiffs--including state, local and municipal government entities--claim that Wall Street banks and other investment firms conspired to rig bids and fix the price of municipal derivatives.

The billionaire former Microsoft exec sued 11 e-commerce giants for infringement last summer. Many of them have now joined Google's motion to dismiss, which calls for tossing Allen's case on Iqbal grounds.

Unlike previous MBS suits against Credit Suisse and others filed by MBIA and Ambac, monoline insurer Assured Guarantee has once again eschewed fraud claims in the suit its lawyers at Quinn Emanuel filed on Monday.

Winners (and losers) have been revealed in the highly competitive contest to be named lead plaintiff and lead counsel for the consolidated securities class action against Bank of America over its ill-fated acquisition of Merrill Lynch.