1. The enactment of Federal Rule of Evidence 502.
2. Expanded judicial deference to arbitrators (Hall Street v. Mattel; Preston v. Ferrer).
3. RICO causation vs. common law causation (Bridge v. Phoenix Bond).
4. Exacerbated opacity as to preemption and punitive damages (suspects well known).
5. The financial meltdown; its crippling effect on the capital markets; the attendant eruption of credit-crisis, hedge fund, private equity and deal-related litgation; and the inevitable disintegration of at least one major New York law firm in 2009.
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