Today, the U.S. Supreme Court twice took a narrow view of liability under federal law for fraudulent conduct.

In one case, the Court held that section 10(b) of the Securities Exchange Act of 1934 doesn't apply to overseas purchases and sales of securities.  That the fraud started in or affected the U.S. didn't defeat the

The Federal Circuit today tossed the work of a jury on grounds that the losing parties never raised before their appeal.  "Plain error", the panel held.

Uh.

The plaintiff, WordTech Systems, alleged that Integrated Network Systems, and two men who worked at INS, infringed patents relating to robo-copying compact disks.  At trial, the district court

Holden Caulfield misheard a word in the song "Comin Through the Rye" — "catch" a body instead of "meet" a body — and so wanted to stand between a cliff and children heading towards it, unawares, through a field of rye and catch them before they could tumble off and down.   See Catcher in

Today the U.S. Supreme Court broke 5-3 in favor of a rule against class arbitration. 

The majority held that an arbitration panel exceeds its authority under the federal Arbitration Act when it construes an agreement to arbitrate as allowing class treatment of a dispute unless the agreement shows the parties intended to permit such a

Something has gone amiss when Blawgletter feels brighter on a subject than the brainiacs who write lead editorials for The New York Times.  Today's exception, we think, proved the rule.

The way-smart NYT editors yesterday penned a top-of-the-left-hand-column-just-below-the-masthead item that looked at holes in the bank-unfriendly bills Congress now has before it.