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.

Four years after regulators began investigating alleged collusion by the banks controlling the CDS market, private antitrust litigation is finally starting to take shape.

When The Donald's suit against the investment partners who sold the land for an allegedly inadequate price was dismissed, he went after the buyers instead. That case was dismissed too--but not without a harsh warning against future filings by the judge.