On Friday afternoons, Blawgletter's mind tends to drift.  More than usual, we mean.

On this day, whose name honors the Norse goddess Frigg, our thoughts ran to lender liability.  For today the First Circuit upheld a district court's rejection of same.

FAMM, which fabricated steel products, borrowed money from Sovereign Bank.  FAMM's finances hit the

USAA Logo

The Fifth Circuit today affirmed an order that kicked claims by subscribers against a big "reciprocal insurance exchange", United Services Automobile Association.  The subscribers alleged that USAA's directors squirreled away billions in "surplus funds" that rightly belonged to the subscribers.  The suit aimed to force disgorgement of the extra cash.  True v. Robles, No.

The Washington Post reports that the U.S. Supreme Court this afternoon lifted Justice Ruth Bader Ginsburg's stay of bankruptcy court orders approving the sale of Chrysler to Fiat.

SCOTUSBLOG has the two-page per curiam order, which notes that denial of a stay request "is not a decision on the merits of the underlying legal

The Washington Post reports that the U.S. Senate Judiciary Committee will start hearings on the nomination of Sonia Sotomayor on Monday, July 13, 2009.

A statement on the Senate Judiciary Committee's home page says:

The confirmation hearings to consider the nomination of Judge Sonia Sotomayor to be an Associate Justice of the United States

Justice Ruth Bader Ginsburg today stayed bankruptcy court orders that approved the sale of Chrysler to Fiat.  

Her Honor serves as the Circuit Justice who oversees matters in the Second Circuit.
The order (courtesy of SCOTUSBLOG) said:

UPON CONSIDERATION of the application of counsel for the applicants, and the responses filed thereto,