(Westlaw) A divided federal appeals court has partially reinstated a proposed class action alleging that Robinhood Markets Inc.’s initial public offering documents concealed declines in its business after the “meme stocks” frenzy of 2021. Sodha et al. v. Robinhood Markets (…)
(Reuters) A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdict (…)
(Reuters) A U.S. judge on Wednesday held a three-hour hearing to consider objections to a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes (…)
(Westlaw) Liberty Mutual Insurance Europe S.E. says it has no duty to indemnify two investment companies for $1.7 million they paid to resolve a tax dispute over a charitable donation of a conservation easement. Liberty Mutual Insurance Europe S.E. v. (…)
(Westlaw) Merle DeLancey Jr. and Samarth Barot of Blank Rome LLP discuss a U.S. Justice Department settlement with a defense contractor and how it demonstrates the need for cybersecurity due diligence in mergers and acquisitions. A recent Department of Justice (…)
(Reuters) -A U.S. appeals court ordered the Securities and Exchange Commission on Monday to assess the economic impact of President Joe Biden-era rules aimed at boosting transparency of short-sell trades, in a partial victory for hedge funds that brought the (…)
(Westlaw) The transfer of a woman’s $259,400 home to a New York county to satisfy a tax lien of less than $19,000 was a fraudulent transfer that she is entitled to set aside, a bankruptcy judge has ruled. In re (…)
(Practical Law Real Estate) On May 9, 2025, New York Governor, Kathy Hochul, signed the State budget bill (Assembly Bill A3009C, Senate Bill S4009, 2025 Sess. Laws, Ch. 59 (N.Y. 2025) (the bill)). Part F of the bill creates a (…)
(Reuters) – Vanguard Group settled a lawsuit accusing the mutual fund giant of saddling investors in its popular target-date funds with inflated tax bills, after a federal judge rejected an earlier settlement. In a filing on Thursday in Philadelphia federal (…)
Paxos Trust reached a $48.5 million settlement to resolve New York charges the virtual currency company failed to police illegal activity related to cryptocurrency exchange Binance, the state’s financial services regulator said on Thursday. Adrienne Harris, New York’s financial services (…)