Less than one year after being skewered by the WSJ in an article entitled "J.P. Morgan's $630 Million Error" that questioned his judgment and litigation strategy in the WorldCom case, Skadden attorney Jay Kasner is back on top--he argued and recently won the high-profile Dabit case for Merrill Lynch (discussed in detail here by The 10b-5 Daily) in the U.S. Supreme Court.  Kasner is still apparently on speaking terms with the WSJ, or at least the WSJ Law Blog.  In this post on the Law Blog, Kasner is quoted after his victory as stating:

One effect of the court’s decision will be that public companies will be able to access the U.S. capital markets without fear of securities class action litigation in 50 different states with 50 potentially different set of applicable laws.