$100M AI Investment Suit Must Be Arbitrated, Financier Says

By Caroline Simson · May 5, 2026, 9:11 PM EDT

A California financier Tuesday denied allegations in a $100 million fraud lawsuit over a "sham" loan transaction aimed at funding an investment into an artificial intelligence company, adding that the dispute...

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Case Information

Case Title

Scilex Holding Company v. Marc Wade et al

Case Number

8:26-cv-00550

Court

California Central

Nature of Suit

Securities/Commodities

Date Filed

March 11, 2026