An already hot case just got a little hotter. Huntsman is suing the banks that backed out of financing its merger with Hexion for billions. Hexion's parent, Apollo, is supposed to be helping Huntsman. But now the banks have roped Apollo's founders in as third-party defendants. We can't wait til the June trial date!

Pepsi's rejected $6 billion offer to buy up two big bottlers has now spawned a suit alleging that the target held a secret meeting and adopted an invalid poison pill to ward off the soda giant. Sounds a lot like Broadcom's recent suit against Emulex. Is there a trend in M&A land?

Pennsylvania has now joined New Jersey in ruling that auditors aren't always protected by the common law doctrine. Will New York be next?

For the second time in less than a week, a Delaware Chancery Court judge had harsh words for a CEO seeking to sell his company in a multibillion-dollar deal, but stopped short of blocking the proposed sale.

Two new California state court suits filed by Grais were the subject of a Sunday New York Times column that noted his strategy of steering clear of hard-to-prove fraud allegations. But there are still a raft of defense firms standing between Grais and a big payday.