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Latest News in Securities
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July 08, 2026
Baxter International permanently defeated a proposed class action claiming the relatively low returns of the medical products company's employee retirement plan were evidence of mismanagement, after an Illinois federal judge ruled Tuesday the allegations only show the stable value fund in the plan "may not have been best in class — nothing more."
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July 08, 2026
A California federal judge said Wednesday he's inclined to toss two proposed class actions alleging that Meta's AI tools enabled investment schemes advertised on Facebook, saying the litigation appears to be "on all fours" with a recent ruling in the same district finding such state claims are barred under federal securities law.
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July 08, 2026
If Citigroup thinks now is a good time to expand its "financial empire" with a major acquisition, its already-mammoth size and past compliance troubles should make it think again, the top Democrat on the U.S. Senate Banking Committee told the bank on Wednesday.
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July 08, 2026
Despite having "significant misgivings" about the U.S. Securities and Exchange Commission's $1.5 million settlement over Elon Musk's initial purchase of Twitter stock in 2022, a D.C. federal judge signed off on the parties' resolution Wednesday.
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July 08, 2026
The U.S. Securities and Exchange Commission on Wednesday accused a former AstraZeneca Pharmaceuticals LP employee of using nonpublic information to trade ahead of the company's $1.1 billion acquisition of vaccine design company Icosavax Inc., yielding approximately $10,000 in illicit gains.
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