Paul Ceglia, who claims that he's entitled to half of Facebook because of an old agreement with founder Mark Zuckerberg, was indicted and arrested at his Buffalo home on Friday. According to the government, Ceglia fabricated and destroyed evidence in the suit he filed against Facebook and Zuckerberg two years ago. The indictment is a vindication for Facebook attorney Orin Snyder of Gibson Dunn, who has consistently maintained that Ceglia is a fraud.

The Federal Housing Finance Agency has finally reaped the first settlement in its litigation campaign against financial giants that sold mortgage-backed securities to Fannie Mae and Freddie Mac. The terms of the deal, with General Electric, were not disclosed.

After Vice Chancellor Stephen Lamb found that Hexion Specialty Chemicals had willfully breached its merger agreement with Huntsman in September, the company--and potentially its owners at Apollo--were facing the prospect of billions of dollars in damages. So this morning's announcement that Apollo and Hexion will pay Huntsman $425 million to end the litigation looks like a steal for Huntsman's erstwhile merger partners.

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.

After weeks of Madoff-related civil suit filings, we finally have a ruling. And for the feeder fund defendants being sued almost daily, it's a good one.

Hey, they also lost money when they funneled $7 billion to the Ponzi king. Or at least that's what lawyers for the feeder fund defendants are claiming in two new motions to dismiss.