It's said that every villain is the hero of his own story. Maxwell Lord certainly fits the bill. He is ruthless, leaving behind a trail of bodies and shattered lives, yet insists he's doing this to help save the world. That he's become the very sort of threat heroes fight is lost to him and that's what makes this series so appealing.
It's really recommended you read volume 1 first but here's the skinny: Having been ressurected in "Blackest Night," Lord escapes the international manhunt for him by using his mind-control powers to make everyone in the world forget he ever existed. The only ones who remember are former Justice League International members Booster Gold, Captain Atom, Fire and Ice. Each of them soon find themselves ostracized from the metahuman community as others think they're crazy raving about some powerful man no one remembers. The four soon hook up with the Blue Beetle and a new Rocket Red to try and stop Max's ultimate plan.
The series is great using DC history, especially a controversial recent storyline: As he prepares to hunt down Wonder Woman for revenge, Max suddenly discovers that except for himself and the four JLIers, no one on Earth remembers Wonder Woman. The scene of Lord hit with a delicious dose of irony is great and deepens the mystery for the JLI. A standout issue is one that explore Lord's past, finally explaining why he thinks superhumans are such a threat and going to such lengths. It makes you understand him even as you despise his hypocrisy, killing thousands if it means "saving humanity."
The JLI are perfectly captured, Booster finally rising to be a hero despite himself, Fire and Ice dealing with their mutal dark pasts, Atom with a warning of the future and Beetle gets a standout issue fighting Lord. The twists and turns are great as Max's ultimate plan comes to life and we see the way the series has nicely set it all up. The finale is a great battle that ends with a nice turn by a couple characters.
There are a couple of quibbles. The use of Power Girl in the story is good as Max sets her against the JLI before she gets her sense back. But it suffers as we lose the cool issue of her own mag where she tries to get Dick Grayson to face the truth about the murder of Ted Kord at Max's hands and a major DC face offers help. I know a seperate collection of the mag has that issue but still a loss to this story. There's also the fact that the entire story seems to now be lost in the wake of DC's recent reboot, a shame considering how the ending sets up a major follow-up to come.
Still, put together, this is one of the best maxi-stories DC has done in quite a while and a thrilling ride for JLI fans old and new and so deserves a place on the shelf.