The multifront, multinational Telenor-Alfa litigation saga offers a primer in how to use arbitration and Western courts to defend against the abuse of courts in emerging markets.

In Chandler's hotly anticipated opinion, the Delaware Chancery Court judge concluded that, in his view, the Airgas pill had already served its defensive purpose, but that under Delaware law, it is the board's business judgment--and not his--that matters.

Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.

The legacy of Wachtell founding partner Marty Lipton was on the line in Air Products' Delaware Chancery Court challenge to the Airgas board's right to use a poison pill to fend off a hostile takeover bid. Wolinsky relied on strong Delaware precedent--and a video clip from A Streetcar Named Desire--to win a ruling upholding the validity of the poison pill.

Aluminum giant Alcoa has had enough of waiting to defend itself against sensational bribery claims by a Bahraini rival while the DOJ and SEC build their own cases against the company. On Thursday Cravath's Evan Chesler travelled to Pittsburgh to make Alcoa's case for lifting a three-year-old stay in the civil suit so that it can seek dismissal, but federal prosecutors countered that allowing the case to proceed could threaten the government's investigation.