Ever since Visa and MasterCard reached a $7.2 billion agreement to resolve merchant claims over credit card "swipe fees," critics have been coming out of the woodwork. Now they've formally opposed the class action settlement in court, with the objector's lawyers at Constantine Cannon warning of "serious risks" if the deal is approved.

Assured Guaranty's case against Flagstar Bancorp wasn't the biggest case brought by a bond insurer against a mortgage-backed securities issuer in the wake of the housing crisis. But that doesn't make Buchdahl's $90 million victory this week any less of a problem for the banks.

American Airlines and US Airways are pushing back hard against the U.S. Department of Justice, filing court papers blasting the government’s bid to block their pending $11 billion merger.

A bench trial begins on Monday in San Jose in a suit that accuses five major corporations of creating a public nuisance by manufacturing and promoting lead-based paint despite knowledge it was harmful. Ten cities and counties in California are demanding nearly $1 billion in cleanup costs.

We answer three key questions: Who's representing whom? What's going on with judicial recusals? And are cases moving in advance of the MDL panel's July meeting?