Who really won the fight over rights to Televisa's hugely popular Latin American soap operas? That depends on whether you ask Televisa's lawyers from Bingham McCutchen or Univision's team from Keker Van Nest. �Ay caramba!

The deal, which comes before the agency that oversees Fannie and Freddie filed any suit against BofA, is the best indicator to date of the potential value of buyback claims against issuers of mortgage-backed securities. The bad news for investors? Analysts say BofA's $2.8 billion payout is a bargain for the bank.

For ten years, New York state court judges have been at the mercy of political gamesmanship by state legislators, according to an appellate ruling issued Tuesday. The appeals court gave the legislature 90 days to give judges the cost-of-living pay raises they've been waiting a decade for.

Irving Picard pulled out all the stops in a bid to revive mega-billions claims against big banks that allegedly facilitated Bernie Madoff's massive Ponzi scheme. But it wasn't enough.

The complaint is under seal, but in a statement, Picard's lawyers at Baker & Hostetler say Madoff couldn't have perpetrated his historic Ponzi scheme without the willful blindness of his primary bankers at JPMorgan, who allegedly ignored Madoff's suspicious behavior for decades.

With Cravath's reputation at stake, the $5.1 billion hostile takeover battle between Air Products and Airgas gets juicier by the day.