Perspective on The Past Week's Stories

Frankly, it was a quiet week.  The theme for the past week must be "waiting," as we wait for further developments in two big news stories: (1) Rupert Murdoch's courting of the Bancroft family, and (2) the prosecution of Milberg Weiss and the announcement that William Lerach might retire from his San Diego firm.  In addition, we continue to wait for news relating to Rule 10b-5 law at the Supreme Court:  the Tellabs opinion and whether the U.S. will take a position, and what it will be, on the Rule 10b-5 "scheme liability" question.