By a vote of 7-4, en banc Ninth Circuit panel rules that an assignee who holds an accrued claim for copyright infringement, but who has no legal or beneficial interest in the copyright itself, cannot institute a lawsuit for infringement: You can access today's ruling at this link. Interestingly, one of the disagreements between the majority and two of the dissenters is whether today's ruling creates a circuit split: the majority says "no"; the dissenters say "yes."
Stolen verbatim from How Appealing.
UPDATE: Screenwriter snubbed by appeals court in S.F., from the San Francisco Chronicle.