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Latest News in Securities
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July 10, 2026
Intuit touted a "momentum" across its businesses while hiding that its TurboTax business was, in reality, poorly performing, an investor alleged in a proposed class action filed Friday in California federal court that also accuses the financial software company's CEO of fraudulently enriching himself by more than $36 million.
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July 10, 2026
The sanctioned wife of a fugitive Oak Management Corp. trader must pay more than $23,000 to offset expenses a receiver racked up while challenging a divorce agreement that could have siphoned money away from the victims of a $67 million fraud scheme, a Connecticut federal judge concluded on Friday.
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July 10, 2026
Cryptocurrency industry groups and firms are urging the U.S. Commodity Futures Trading Commission to make regulatory tweaks to ensure blockchain-based financial products aren't burdened by unsuitable requirements of traditional registration categories, while some traditional finance players told the agency to tread carefully as it considers deregulation for fintech businesses.
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July 10, 2026
The Delaware Supreme Court on Friday erased a $16 million fee award stemming from a dispute over a fund manager's handling of a failed $50 million SpaceX investment, concluding that although the fund manager committed a limited breach of a "duty of candor," shifting all litigation expenses to him was unwarranted.
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July 10, 2026
A New York federal judge has granted the first green light to a $2.3 million settlement reached between Hut 8 Corp. and investors, which will resolve claims that the bitcoin miner overpaid for a company with severe operational issues and misled investors about energy and connectivity failures at a Texas facility that was part of the merger.
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