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This new litigation could tank the acquisition.
''This new litigation could disrupt the AG settlement," said Anthony Sanders, finance professor at George Mason University and a former mortgage bond strategist.
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In July, the agency filed suit against UBS, another major mortgage securitizer, seeking to recover at least $900 million, and the individuals with knowledge of the case said the new litigation would be similar in scope.
In his forthcoming book, "The Rule of Lawyers: How the New Litigation Elite Threatens the Rule of Law," Mr. Olson warns that mass litigation has transformed lawyers and judges into an unelected "fourth branch of government".
The goal of the new litigation is to compel change across California.
This case may open the door for new litigation temporarily, said Harris, but McDonald's "can close the door at least a large part of the way" by getting its franchisees to make it clearer that they're the ones employing cooks and cashiers.
This Supreme Court ruling will inevitably lead to a "flood of new litigation" challenging the Bush administration's right to hold these detainees.
"We think that this bill is primarily designed to create a massive amount of new litigation in our country," said Mr. McConnell, the minority leader.
Mr. Wildenstein now also faces new litigation involving another Wildenstein widow.
But Novartis has filed new litigation in an attempt to breach India's legal defences.
Workers filed suit, but the judge dismissed the case; new litigation is pending in state court.
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