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Wall Street Roundup: Legal bonanza. Private equity collusion?

September 9, 2011 |  8:06 am

Wall sign -- stan honda afp getty images

Gold: Trading now at $1,858 an ounce, up 0.1% from Thursday. Dow Jones industrial average: Trading now at 11124.69, down 1.5% from Thursday.

Global fears. Stocks have headed down again after a resignation in Europe and disappointment over two speeches Thursday in the U.S.

Legal bonanza. The Dodd-Frank financial reform act is proving to be a bonanza for New York law firms, like the one that charged $100,000 to write a 17-page comment letter.

G7 ghosts. The finance chiefs from the G7 meeting Friday in France are haunted by the memory of how the collapse of Lehman Brothers led to the last crisis.

Private equity collusion? A judge in Massachusetts is broadening out a case that accuses private equity firms of colluding to set the prices of their multibillion-dollar buyouts.

-- Nathaniel Popper

Photo credit: Getty Images/Stan Honda