The firm has an innovative theory to hold the credit ratings agencies responsible for inflated evaluations of mortgage-backed securities. Too bad judges aren't yet buying it.

For the fourth time, the judge noted the importance of gender, racial, and economic diversity in appointing a lead plaintiffs firm. Luckily for Cohen Milstein in the Dynex class action, the firm met Judge Baer's high standards.

A court battle in tiny Rutland, Vt., between dairy farmers and a milk cooperative may sound downright bucolic, but ongoing price-fixing litigation between the farmers and major players in the dairy industry is serious business for both sides--not to mention their big-city lawyers.

Following a ruling last month dismissing a mortgage-backed securities suit against Countrywide, another Manhattan federal district court judge refused to toll the three-year statue of repose for securities claims in a class action involving Lehman Brothers.