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April 22, 2026
Goldman Sachs has reached a settlement-in-principle with investors claiming losses from the 1MDB bond bribery scandal, according to a joint letter filed in New York federal court on Wednesday.
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April 22, 2026
An investor and a cannabis license holder are suing a couple they had hoped would manage a Los Angeles marijuana dispensary for them, claiming in California state court that they instead created $3.4 million in "phantom debt" to steal majority ownership interests in the business and then misappropriate millions.
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April 22, 2026
Citibank has urged a North Carolina federal court to uphold a magistrate judge's decision to pause a military consumer lawsuit accusing the bank of misleading service members about interest and fees after the Fourth Circuit determined that the arbitration agreements were enforceable.
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April 22, 2026
TD Bank NA and airline-owned financial technology company Airlines Reporting Corp. are facing a proposed class action in Delaware federal court accusing them of funneling airfare transaction data to the government through a "secret pipeline," in violation of consumers' financial privacy rights.
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April 22, 2026
The Second Circuit on Wednesday pulled back from a holding that mortgages underlying a union pension fund's mortgage-backed securities investments that tanked during the financial crisis were plan assets under federal benefits law in a proposed class action that the appellate court revived in March against Wells Fargo and Ocwen.
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April 22, 2026
A California federal judge has paused litigation filed by the U.S. government over a $380 million arbitral award issued to a PetroSaudi unit purportedly tied to funds embezzled from Malaysia, ordering a stay while the question of company control remains in limbo.
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April 22, 2026
Simpson Thacher & Bartlett LLP has hired another former Kirkland & Ellis LLP partner to join its recently formed capital structure solutions practice in the San Francisco area, where she'll focus on banking and other finance matters, Simpson Thacher announced Wednesday.
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April 22, 2026
Womble Bond Dickinson has hired a former White & Case LLP partner who specializes in real estate financing and private capital market deals for a partner role in its New York City office, the firm recently announced.
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April 22, 2026
A Delaware federal court voided a life insurance policy as an unlawful wager on a now-deceased Florida woman's life, finding that Ameritas Life Insurance Corp. is entitled to retain the policy's $10 million death benefit and $11 million in premium payments.
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April 22, 2026
Cryptocurrency entrepreneur Justin Sun is suing World Liberty Financial for fraud, claiming the Trump family-tied crypto firm's operators became "the new boogeyman behind the curtain" when they used backdoor mechanisms to hold Sun's tokens hostage after he invested $45 million in the project.
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April 21, 2026
Counsel for Capital One customers urged a California federal judge Tuesday to certify a class over claims their personal financial information was illegally disclosed to Meta Platforms Inc., Google LLC and others, saying the customers' claims share a common question — whether the financial giant obtained consent based on its privacy disclosures.
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April 21, 2026
Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.
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April 21, 2026
Financial services company Ameriprise was hit with a proposed class action in Minnesota federal court accusing it of failing to safeguard customers' data from cybercriminals, resulting in a breach of its records in March.
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April 21, 2026
Two federal lawmakers from California introduced a bipartisan bill on Tuesday that would create a path for nonbank fintechs to directly access the Federal Reserve's payment rails in the hopes of reducing bank fees and delays for consumers using payment apps.
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April 21, 2026
Meta Platforms Inc. had no knowledge of alleged pump-and-dump scam advertisements on its social media platforms, it has said, urging a California federal judge to dismiss a suit seeking to hold the tech company responsible for losses from the scams.
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April 21, 2026
A House finance committee advanced a bill Tuesday that would defang the Corporate Transparency Act by exempting all domestically owned companies from compliance, codifying a limitation already implemented by the U.S. Department of the Treasury.
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April 21, 2026
An attorney for the Federal Housing Finance Agency told the D.C. Circuit on Tuesday that the agency had clear authority to act in its own interest as conservator for Fannie Mae and Freddie Mac in the wake of the 2008 housing market crash rather than prioritize the interest of the companies' shareholders.
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April 21, 2026
A lender has asked a New Jersey federal court whether an order that blocked it from seizing a cannabis company's assets or cash amid a dispute over whether the company defaulted on loans applies to any default over the failure to pay the principal and interest due at maturity.
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April 21, 2026
The Georgia Supreme Court signed off Tuesday on removing the law license of an attorney who pled guilty to conspiracy to commit wire fraud in December and agreed to cooperate with federal prosecutors against a co-conspirator in a scheme involving fraudulent commercial and real estate deals.
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April 21, 2026
The founder of Exxon-acquired company InterOil has asked the Fifth Circuit to approve a $25 million supersedeas bond as opposed to an amount exceeding $210 million due to a final judgment against him and his family.
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April 21, 2026
Federal Reserve chair nominee Kevin Warsh sought at his Tuesday confirmation hearing to rebut Democratic accusations that he would be a White House "sock puppet," distancing himself from President Donald Trump's calls for rate cuts and downplaying their significance.
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April 21, 2026
A Minnesota federal judge has greenlit a $20 million fee request from attorneys who secured an $84 million settlement in a suit claiming Wells Fargo violated federal benefits law by using dividends earned by its employee stock ownership fund to offset its 401(k) contributions.
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April 21, 2026
Cryptocurrency platforms Coinbase and Kraken failed to adequately protect a Boston man from a sophisticated "support" scam that led to the loss of $500,000, according to a lawsuit filed in Massachusetts state court on Tuesday.
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April 20, 2026
A Brooklyn federal judge on Monday sentenced a former executive of a U.K. wine company to 10 years in prison for his role in a $97 million Ponzi scheme that defrauded investors in loans that were falsely billed as being fully collateralized by high-value wine collections, calling it a "very brazen crime that led to mass amounts of theft."
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April 20, 2026
A California entity that previously bought the assets of liquidated Ukrainian banks has initiated an investment treaty claim against Ukraine after its license to do so was yanked, weeks after it slapped the country with a $127 million lawsuit in Washington, D.C., accusing it of violating international law.