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Latest News in Corporate
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September 25, 2026
Parent entities of Brightline Florida, the country's only privately owned and financed rail system, filed for Chapter 11 protection in New Jersey after facing liquidity shortfalls and challenges that left the business unable to make debt service payments on its $5.5 billion of outstanding bond obligations.
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September 25, 2026
The recent Hugging Face cyberattack, in which OpenAI's artificial intelligence agents hacked a third party without human instruction, raises questions about how regulators could respond to a similar incident in the securities markets and whether there's a substitute for scienter if no person is behind a financial crime, says Joseph A. Hall at Davis Polk.
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September 24, 2026
The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders and investors about the subprime auto lender's assets before it crashed into bankruptcy with $1 billion in debt, saying federal agents ran roughshod over the Fourth Amendment.
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September 24, 2026
A California federal judge questioned state enforcers Thursday about the details of their proposed settlement to resolve antitrust litigation challenging Paramount Skydance's planned $110 billion purchase of Warner Bros. Discovery, telling counsel, "The court isn't a rubber stamp," and "I've got questions, and I'm not the only one."
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September 24, 2026
A California judge on Thursday told a woman who accused former Google CEO Eric Schmidt of sexual assault that he will not vacate a $12 million arbitration award in Schmidt's favor, saying she appeared to have ignored the arbitrator's orders just like she disregarded his own, and asking, "Why did you do that?"
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