Illinois Supreme Court reverses
$10.1 billion Altria verdict
In other news... First Marblehead (FMD) took a nasty plunge today as JP Morgan Chase (JPM) decided to buy Collegiate Funding Services Inc. (CFSI). While I see no official news on FMD, I am sure that this is the reason for the drop. With this acquisition, JPM might steer the business it gave FMD in-house.