- Pennsylvania Supreme Court strips defendant of ability to oppose Gov. Rendell’s hiring of a contingent-fee law firm (Mealey’s Litigation Blog) (see also WLF’s amicus brief)
- Will whistleblower provisions of bank reg reform law further enrich the plaintiffs’ bar? (Forbes’ The Jungle)
- Fraud-on-the-market is theory is bad enough, but “fraud-created-the-market”? Third Circuit rejects this invented securities lawsuit theory. (Legal Intelligencer) (SEC Actions)
- Obscure Financial Accounting Standards Board a new plaintiffs’ lawyer ally? (CFO) (Shopfloor)
- While rejecting SEC’s settlement with Citigroup, judge wonders out loud, “You’ve focused on two individuals and I can’t for the life of me figure out why.” (The prescient Larry Ribstein at Truth on the Market)
- SEC spins back furiously against judge in Citigroup case (Washington Post’s (new) Market Cop)
- U.S. Dept. of Treasury empowers ACLU to represent targeted terrorist in suit vs. federal government. (Politico)
- AEI’s Alex Pollock tells a thankful Treasury Secretary why Fannie Mae and Freddie Mac should be fully privatized (The Enterprise Blog)
