It's time to declare third-party litigation financing a bona fide investment class: Invesco and Fidelity snapped up shares in Burford Capital, a fund whose personnel includes two former Time Warner GCs and three retired Latham litigation partners. Burford plans to invest in U.S. commercial litigation and international arbitration.

It was bad news for corporate advisers when the federal appeals court asked New York's highest court to decide whether the Refco trustee's claims against Refco's auditor fell under an exception to the doctrine that holds you can't blame someone else for wrongdoing if you're equally at fault. But now auditors should really be worrying: Delaware also wants to know when the exception applies.

All three leading candidates in the crucial race to replace Andrew Cuomo are pulling in big bucks. But wait til you see who's giving--and how much--to the former Bernstein Litowitz partner.

There's not a lot of juice left in the music streaming Web site after a summary judgment ruling that it induces copyright infringement. But as it fights to stay in operation--and fends off a new suit by music publishers--Lime Wire has swapped Wilson Sonsini for Fulbright.