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Securities
First Circuit revives investor suit against Roomba maker after Amazon buyout flop
The lower court found the investors failed to show iRobot knowingly made misleading statements about its failed Amazon merger.
Justices preserve SEC authority to claw back illicit funds in fraud cases
The high court’s ruling broke from a trend of previous decisions cutting against the government’s power to strip wrongdoers of ill-gotten gains.
Investors accuse sports betting biz Sportradar of lying about black market dealings
Market researchers said Sportradar used black market gambling partners to drive a significant portion of its revenue.
Boeing seeks severance of investor class in Fourth Circuit
The aircraft company claims the investors failed to provide the court with a methodology for calculating the damages associated with the inflation of stock prices resulting from fraudulent promises of increased safety.
Judge approves $100M borrowers fund, $85M settlement in Wells Fargo diversity quota scandal
The $100 million borrowers fund will provide low- to moderate-income homebuyers with money for down payments and closing costs.
Judge shields Kalshi election wagering in Arizona
A Trump-appointed judge in Arizona found the state likely exceeded its authority by targeting election betting on the popular prediction market Kalshi.
Investor accuses FS KKR Capital of duping public amid yearslong losses
The private credit firm is blamed with misleading investors through upbeat assessments as its portfolio valuation continued to plummet.
Fifth Circuit probes whether spin-off shareholders actually ‘bought' their stocks
Investors say they had to tender their old shares to receive the new ones, creating a sale under the Securities Act. But an oil and gas company insists the transaction left shareholders with the exact same economic interest.
San Francisco jury finds Elon Musk defrauded Twitter investors during $44 billion takeover
Investors claimed Musk manipulated the market during his takeover of the social media company with misleading tweets and statements, causing them to lose billions of dollars.
Trial over Elon Musk’s $44 billion Twitter takeover heads to jury
Investors accuse the billionaire tech mogul of manipulating the market during his 2022 acquisition of Twitter, causing them to lose billions of dollars.
Oil prices resume their rise, but US stocks hold steadier this time around
The U.S. stock market has a track record of bouncing back relatively quickly from military conflicts in the Middle East and elsewhere, as long as oil prices don’t stay too high for too long.