The Washington Post carried this story about Wednesday's oral argument in Tellabs vs. Makor Issues & Rights. The AP reported on the pointed exchanges between Professor Arthur Miller and Justice Scalia, as did the Washington Post in a story here.
Kevin LaCroix at Oakbridge Insurance has this splendid piece explaining why the Tellabs case matters.
Meanwhile, the Law Blog of the Wall Street Journal has this post regarding the Supreme Court's decision to grant review of the Eighth Circuit's decision in Stoneridge Investment Partners v. Scientific-Atlanta, which has been called "the most important case for the securities industry in a generation." The same article quoted William Lerach as planning to seek Supreme Court review in the wake of the Fifth Circuit's recent dismissal of his similar "scheme liability" class action on behalf of Enron shareholders.