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TOP NEWS
POLICY & REGULATION
LITIGATION
Kalshi Is Sued Over 'Death Carveout' For Khamenei Trades
By Katryna Perera
Prediction market Kalshi defrauded traders who bet that Iran's Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, 2026, by invoking an improperly disclosed "death carveout" and refusing to pay full winnings to traders when Khamenei was killed in recent U.S. and Israeli military strikes, according to a suit in California federal court.
Complaint attached |
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LEGAL INDUSTRY
McGuireWoods Beats Sun Pharma's DQ Bid In NJ Suit
By George Woolston
A New Jersey federal court has denied Sun Pharmaceutical's bid to disqualify McGuireWoods LLP from representing pharmaceutical company Biofrontera in litigation over the alleged breach of a settlement agreement, ruling the firm's continued representation won't harm Sun Pharmaceutical and will avoid significant harm to Biofrontera.
Opinion attached |
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