For the second time in two months, a federal judge has green-lighted a securities suit against an investment manager that handed money over to Bernie Madoff.

As co-lead counsel in the securities class action over the collapse of Lehman Brothers, Berger and Kessler can claim credit for the combined $507 million deal proposed in the case last Friday. Will the settlements turn out to be the closest anyone ever gets to holding someone responsible for the Lehman debacle? "The statute of limitations hasn't expired on criminal prosecutions," Berger said. "But it sure looks like that, doesn't it?"

Like Nokia--another Alston & Bird client--Dell has chosen to file its own tag-along suit based on the government's criminal antitrust investigation rather than join a class of liquid crystal display screen buyers.

Moody's and Standard & Poor's have lost their latest bid to employ California's anti-SLAPP statute to knock out claims brought by the nation's largest pension plan.

To mark the tenth-anniversary of the Arbitration Scorecard, the Litigation Daily will be spotlighting some of the biggest treaty disputes featured in The American Lawyer's survey of international arbitration. Today, we reveal the biggest dispute under contract arbitration and the biggest under treaty arbitration.

True, Wednesday's rulings weren't all bad: Judge Jed Rakoff kept alive claims against banks involved in 19 mortgage-backed securities offerings. But plaintiffs continued their run of futility in ARS litigation and in claims against the ratings agencies.

Better late than never? Not when you've got a five-year statute of limitations.