The group filed what appears to be its first amicus brief, urging the Second Circuit to uphold U.S. District Judge Jed Rakoff's controversial rejection of the SEC's $285 million settlement with Citigroup. If you expected the brief to be stuffed with inflammatory rhetoric, you'd be wrong.

Victims of convicted Ponzi schemer R. Allen Stanford finally got some good news Monday when their class claims against law firms and other advisors accused of aiding in the multibillion dollar fraud were restored. And that's bad news for the primary targets of the litigation, which include Proskauer Rose, Chadbourne & Parke, and Adams & Reese.

Shareholders' lawyers will get to see whatever the bank has turned over to Congress, the SEC, the New York attorney general, and other investigators--including, most likely, the communications between BofA and its lawyers that have already been turned over to the government.