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As the calendar turns to 2011 and the broad-based economic recovery transitions from nascent to full-bore, we think that a return to ’05–’07 levels of M&A activity is not out of the question (whether leverage levels will once again approach their historical zenith is uncertain but, with investors showing increasing appetite for risk and the availability of high-yield debt, we’re not betting against it).

The Massachusetts Supreme Judicial Court has ruled that the tort of malicious prosecution occurs, for insurance coverage purposes, at the time the underlying malicious suit is filed, not the time it is terminated.