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The U.S. District Court for the Northern District of California on March 7, 2012 dismissed a derivative suit brought by shareholders of Intersil Corporation for breach of fiduciary duty premised on shareholders’ disapproval of the company’s executive compensation plan in a non-binding "say-on-pay" vote mandated under the Dodd-Frank Act.

The city council of Springfield, Massachusetts recently approved ordinances relating to (i) mortgagee and securitization trustee liability for the maintenance of vacant residential real property or real property in foreclosure (the "Springfield Liability Ordinance") and (ii) mandatory mediation programs between "creditors" and borrowers (the "Springfield Mediation Ordinance").