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May 20, 2026
The Federal Reserve on Wednesday moved closer to giving financial technology firms a new route to accessing its payment rails, advancing a formal proposal to create a special type of "payment account" while calling for a pause on some pending full-account decisions.
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May 20, 2026
Dow Jones urged a New York federal judge to toss a defamation suit brought by Binance over a Wall Street Journal article saying the cryptocurrency exchange fired internal investigators who uncovered transactions that purportedly went to sanctioned Iranian-backed entities, arguing that Binance hadn't shown the article was published with actual malice.
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May 20, 2026
Texas Attorney General Ken Paxton sued Institutional Shareholder Services Inc. on Wednesday for allegedly advising shareholders based on environmental, social and governance considerations rather than the objective advice it advertises, in violation of a Texas consumer law.
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May 20, 2026
Investment banking advisory firm Lincoln International began trading publicly Wednesday after raising $421 million in its initial public offering steered by Latham & Watkins LLP and Sullivan & Cromwell LLP.
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May 20, 2026
Sandoz's Swiss parent company wants a Pennsylvania federal judge to rethink her decision forcing it to face generic drug price-fixing claims from major employers like General Motors, arguing the court "conflates" Novartis AG with Sandoz AG, which was spun off in 2023.
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May 20, 2026
The Financial Industry Regulatory Authority announced Wednesday it has recently fined two firms over $1.1 million to settle claims they mismanaged anti-money laundering oversight when processing low-priced securities transactions.
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May 20, 2026
The Ninth Circuit appeared reluctant Wednesday to revive a suit alleging that HP Inc. violated federal benefits law by using forfeited 401(k) funds to defray employer-side contribution obligations, with judges questioning whether plan participants backed up allegations that the tech company hadn't been sufficiently loyal or prudent.
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May 20, 2026
Four laptops were stolen from the U.S. Securities and Exchange Commission's Fort Worth, Texas, office after it was burglarized last year, according to the agency's Office of Inspector General.
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May 20, 2026
The Financial Industry Regulatory Authority has opened a review into the marketing of certain high-risk products by broker-dealers in order to determine whether firms are acting in customers' best interests and to assess how they are mitigating conflicts of interest.
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May 20, 2026
Elon Musk's SpaceX has officially filed plans for its blockbuster initial public offering, a long-anticipated move that could value the private space exploration giant at up to $1.75 trillion.
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May 20, 2026
Eli Lilly and Co. has agreed to acquire privately held Engage Biologics Inc., which is developing a delivery technology for genetic medicines, in a deal worth up to $202 million, Cooley LLP-advised Engage announced Wednesday.
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May 20, 2026
A Manhattan federal judge sentenced stock vendor StraightPath's three founders to around a decade each in prison Wednesday, after a jury convicted them of defrauding clients who bought $400 million of pre-initial public offering shares from their Florida private equity firm.
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May 20, 2026
Kirkland & Ellis LLP-advised media and entertainment-focused investment firm Shamrock Capital on Wednesday revealed that it had closed its fourth content acquisition fund with $813 million in total capital commitments.
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May 20, 2026
A life insurance company defeated a proposed class action alleging it failed to remove an underperforming fund from its $2 billion 401(k) plan, with a New Jersey federal judge concluding the suit didn't provide valid comparisons to better-performing funds.
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May 20, 2026
Two New Jersey men have settled charges from the U.S. Securities and Exchange Commission that they traded shares of a company before it was acquired by CoStar Group in April 2024 after learning of the transaction through a family member.
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May 19, 2026
Counsel for grocery store consumers urged the Ninth Circuit on Tuesday to find they substantially prevailed in their proposed class action challenging Kroger's since-abandoned $24.6 billion bid for Albertsons and are entitled to attorney fees, arguing that the lower court wrongly concluded the case was mooted by other federal actions blocking the merger.
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May 19, 2026
The Commodity Futures Trading Commission on Tuesday issued a revised policy on cooperation credit in enforcement matters, outlining how factors such as self-reporting, cooperation and remediation can help respondents secure fine reductions or potential declinations.
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May 19, 2026
Albaron Partners, advised by McDermott Will & Schulte, on Tuesday revealed it has closed its flagship fund after securing $185 million in commitments, which will be used to invest in healthcare companies.
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May 19, 2026
Cigna can't escape a proposed class action alleging that underperforming investment offerings and misallocated forfeitures in its employee 401(k) plan cost workers millions, after a Pennsylvania federal judge ruled Tuesday that alleged violations of federal benefits law were sufficiently backed up to reach discovery.
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May 19, 2026
A California federal judge certified a class of Alphabet investors accusing Google and CEO Sundar Pichai of misleading the market about whether its digital ad auctions favored Facebook's advertising network, finding common questions outweigh individualized issues.
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May 19, 2026
InMed Pharmaceuticals Inc. on Tuesday announced plans to merge with migraine prevention drugmaker Mentari Therapeutics Inc. in an all-stock deal that is backed by a $290 million private placement and was guided by three law firms.
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May 19, 2026
A Delaware vice chancellor has told Friedlander & Gorris PA and two other firms to provide more information in their second bid to disqualify her from presiding over Chancery Court litigation because she previously was an attorney at Skadden Arps Slate Meagher & Flom LLP.
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May 19, 2026
Lower middle market direct lender Stellus Capital Management LLC on Tuesday revealed that it closed its fourth credit fund with $1.5 billion in tow.
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May 19, 2026
A former trader said a cryptocurrency company is using an "unfounded" characterization of his deposition conduct to seek sanctions and lend credence to facts it hasn't otherwise been able to prove in its suit accusing him of usurping $8.1 million in digital assets.
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May 19, 2026
Two former marketing company employees said they're going to ask the Second Circuit to revive their proposed class action alleging that 401(k) plan forfeitures were misused after a New York federal judge dismissed their case in April.