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July 16, 2026
Wells Fargo and Ocwen asked a New York federal judge for a pretrial win in a suit from union pension fund trustees accusing the companies of mishandling home loans tied to employee pension fund investments, after the Second Circuit partially knocked out the companies' earlier win in March.
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July 16, 2026
Distressed debt investor Lynn Tilton's Patriarch Partners must pay roughly $2.4 million to the litigation trust for a trio of collateralized loan funds she founded in the 2000s, a New York federal judge has ruled, finding that Tilton's private equity firm breached a credit contract.
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July 16, 2026
A New York federal judge ordered a promoter of digital asset BitConnect to pay more than $1 million to end the U.S. Securities and Exchange Commission's claims that he earned hundreds of thousands of dollars by recruiting investors into an unregistered cryptocurrency lending program, rejecting his arguments that the payment should be reduced.
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July 16, 2026
Swedbank AB and its New York branch have agreed to pay a $50 million civil penalty to the New York State Department of Financial Services to resolve claims that the bank failed to fully cooperate with department requests for information related to Swedbank's relationships with Mossack Fonseca, the law firm at the center of the 2016 Panama Papers leak.
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July 16, 2026
The Third Circuit on Thursday revived some ERISA contract claims in a New Jersey hospital network's suit alleging Cigna underpaid out-of-network reimbursements by $114 million, but backed the dismissal of the network's fiduciary duty claims.
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July 16, 2026
A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.
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July 16, 2026
Artificial intelligence company Fireworks on Thursday revealed that it has reached a $17.5 billion valuation after raising $1.5 billion in its latest funding round.
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July 16, 2026
The Delaware Chancery Court has ruled that Fifth Third Bank must participate in discovery in litigation accusing Arden Trust Co. of mismanaging two congressionally created trust funds for displaced Bikini Atoll residents, while putting on hold Arden's separate claim seeking indemnification from the bank until the underlying case is resolved.
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July 15, 2026
Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.
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July 15, 2026
The California federal judge overseeing the bench trial on the Federal Deposit Insurance Corporation's claim that Silicon Valley Bank's officers mismanaged its assets before the bank's 2023 collapse told the two sides on Wednesday to be prepared for interruptions to their closing arguments, saying "I won't be a silent jury."
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July 15, 2026
A former TD Bank assistant store manager was sentenced Wednesday by a New Jersey federal judge to nearly four years in prison without parole for his role in a money laundering conspiracy that federal prosecutors claim illegally moved nearly half a billion dollars through the bank.
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July 15, 2026
Two venture-backed biotechnology firms filed plans for initial public offerings this week, both with plans to raise around $100 million for their public debut.
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July 15, 2026
United Healthcare must pay $630,000 to a mother who challenged the insurance company's decision to deny coverage for her son's residential mental health treatment, a Utah federal judge ordered, after rejecting the company's bid to slim her requests for interest and attorney fees.
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July 15, 2026
The Delaware Supreme Court heard arguments Wednesday over whether the Delaware Chancery Court improperly limited evidence used to calculate a $6.9 million award to a former member of a Philadelphia-area EB-5 investment company, with each side accusing the other of misapplying Delaware law governing expert evidence and attorney fee awards.
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July 15, 2026
A lawsuit accusing a Trump Media & Technology Group Corp. director and his associates of improperly accessing confidential files to help remove the former head of the special purpose acquisition company that merged with Trump Media has ended in a confidential settlement, according to a notice filed Tuesday in Florida federal court.
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July 15, 2026
The U.S. Department of Justice has terminated its review of the Real Brokerage's planned $880 million purchase of Re/Max Holdings, allowing the technology-focused real estate brokerage to move ahead with the deal.
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July 15, 2026
A Massachusetts federal judge on Wednesday dismissed a proposed class action against Maersk Inc. and its retirement plan service providers from participants in the logistics and shipping company's employee 401(k) plan who allege that underperforming investments breached fiduciary duties, but gave the participants another chance to amend their claims.
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July 15, 2026
Travel + Leisure Co., advised by Kirkland & Ellis LLP and BakerHostetler, on Wednesday revealed that it closed its acquisition of Yes& Vacations, while simultaneously announcing a separate deal to acquire Spinnaker Resorts for a combined purchase price of $343 million.
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July 15, 2026
Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.
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July 15, 2026
A trio of business and benefits groups asked the Fourth Circuit to uphold the dismissal of a suit claiming Northrop Grumman improperly used forfeited 401(k) cash to fund its plan contributions, stating it would be "exceedingly odd" for the case to proceed against federal regulations allowing the practice.
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July 15, 2026
Artificial intelligence software creation platform Emergent, led by Goodwin Procter LLP, on Wednesday revealed that it reached a $1.5 billion valuation after closing its latest funding round with $130 million in tow, making the company a unicorn only one year after its public launch.
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July 14, 2026
Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a California federal judge during a bench trial over the Federal Deposit Insurance Corporation's claim SVB mismanaged its assets before its 2023 collapse.
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July 14, 2026
Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the central bank is "racing" to meet a looming deadline for drafting certain rules required by the Genius Act, the landmark stablecoin law that other federal regulators have already proposed regulations to implement.
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July 14, 2026
Coinbase Global Inc. asked a Texas federal judge to toss claims alleging the company infringed a group of patents covering improvements to blockchain technology, saying the asserted patents violate "bedrock principles of patent eligibility."
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July 14, 2026
Insurance technology company Cover Genius on Tuesday revealed that it reached a $1.9 billion valuation after completing a $100 million capital raise.