Thomas Engel of Howrey and John Cooney, Jr., of Davis Polk worked together as federal prosecutors and became such good friends that they now serve as godfathers to each other's daughters. They always wondered what it would be like to practice together. Now they'll find out.

Four funds claim they lost $1 billion when they short-sold Volkswagen stock without knowing Porsche secretly owned almost 80 percent of VW's shares.

In this installment of excerpts from the Arbitration Scorecard, we look at a $10 billion dispute over smartphone technology and a $10 billion dispute involving a Turkish family's business empire.

A federal judge in Manhattan signed off on the deal with Hachette Book Group, Simon & Schuster, and HarperCollins over the objections of Apple Inc., which has been accused by both the Justice Department and class action lawyers of conspiring with publishers to jack up e-book prices.

Plaintiffs lawyers pressing antitrust class action claims against Apple and the big publishing houses over e-book pricing have oozed confidence since the litigation began last year. And now that the feds are reportedly targeting the companies too, they say they like their odds even more.