Citing Lehman's infamous Repo 105 balance transfers, federal district court Judge Lewis Kaplan ruled that most of the claims in the mammoth Manhattan securities class action against Lehman's directors, officers, auditor, and underwriters could move forward.

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.

Plaintiff merchants in the massive Visa and Mastercard settlements faced a choice: securitizing four more years of settlement payments, or taking a lump sum offer from the credit card companies.

Thanks to the Massachusetts secretary of state and his detailed allegations about the Fairfield Greenwich Group, counsel for the investors whose $7 billion was funneled to Bernie Madoff are claiming the group's recklessness amounted to fraud.