The full case caption appears at the end of this opinion.This case arises from a 1994 Dateline NBC news report that investigated the then-growing practice of

This proposed deal comes two weeks after a federal judge signed off on a similar $90 million settlement of shareholder claims against the officers and directors of Lehman that was covered entirely by D&O insurance.

In a dispute between Boies, Schiller & Flexner and a disgruntled former client, a New York State judge rejects both sides' requests for arbitrators.

Even if they're shut out of recovery in WMI's bankruptcy, shareholders are looking good in their securities class action against some pretty deep pocketed defendants. Plus: The judge confirms Bernstein Litowitz as class counsel, despite some conduct she called "unseemly."

Judge Mariana Pfaelzer in L.A. put this case--unlike so many subprime-related shareholder suits--on track to settle when she denied Countrywide's motion to dismiss and later certified the class. Now the L.A. Daily Journal reports that Countrywide and top execs have agreed to a $600 million deal.