The ruling overturns a controversial decision that permitted an Air Products-sponsored shareholder amendment to push the Airgas annual meeting up by eight months. The amendment would have permitted Air Products to gain control of the Airgas board--but the Supreme Court found it invalid.

When Huntsman announced earlier this week that it terminated its merger agreement with Hexion Specialty Chemicals as part of a settlement, it looked like the end of Hexion's suit against Credit Suisse and Deutsche Bank. You'll recall that after Vice Chancellor Stephen Lamb of Delaware Chancery Court found Hexion had willfully breached its merger agreement with Huntsman, he ordered Hexion to fulfill its obligations under the agreement. To make good on that order, Hexion, represented by Kasowitz, Benson, Torres & Friedman, sued Credit Suisse and Deutsche Bank in New York state court to force them to fund the deal.

That didn't take long. A couple of Manhattan federal district court judges overseeing billion-dollar securities cases are already weighing the effect of the Supreme Court's game-changing ruling in Morrison v. NAB.

We weren't the only ones struck by Vivendi's Paris gambit aimed at preventing French class members from participating in the company's securities fraud trial in New York. On Tuesday, class counsel for the plaintiffs in New York demanded that Vivendi withdraw the suit.