Tricolor Holdings founder Daniel Chu is set to go on trial in October on charges that he defrauded the used-car dealer’s banks and investors before the company collapsed last year.
Tricolor Holdings founder Daniel Chu is set to go on trial in October on charges that he defrauded the used-car dealer’s banks and investors before the company collapsed last year.
Daniel Chu, founder and chief executive officer of Tricolor Holdings, center, departs federal court in New York, US, on Tuesday, Jan. 13, 2026. US prosecutors charged the founder of bankrupt subprime auto lender Tricolor Holdings with conspiring to defraud lenders and investors, in a sweeping indictment of the leadership of a used car dealer and financing company that collapsed in a wave of scandal in September.
New York City’s transit system sued the Trump administration to unpause federal funds tied to a $7 billion project that would extend the Second Avenue subway to Harlem.
New York City’s transit system sued the Trump administration to unpause federal funds tied to a $7 billion project that would extend the Second Avenue subway to Harlem.
Commuters board a southbound Q train at the 96th Street-Second Avenue subway station in New York, US, on Tuesday, March 17, 2026. New York's transit authority sued the Trump administration to unpause federal funds tied to a $7 billion project that would extend the Second Avenue subway to Harlem.
A judge dismissed most of a lawsuit against the Trump administration for freezing money earmarked for the Gateway tunnel under the Hudson River, after the US government made the disputed payments and work resumed on the $16 billion project.
A judge dismissed most of a lawsuit against the Trump administration for freezing money earmarked for the Gateway tunnel under the Hudson River, after the US government made the disputed payments and work resumed on the $16 billion project.
A construction site for the Gateway Program Hudson Tunnel Project in New York. Photographer: Michael Nagle/Bloomberg
Federal prosecutors charged two men for allegedly bringing improvised explosive devices to a protest outside the mayor’s residence in New York, in what authorities described as an act of “ISIS-inspired” terrorism.
Federal prosecutors charged two men for allegedly bringing improvised explosive devices to a protest outside the mayor’s residence in New York, in what authorities described as an act of “ISIS-inspired” terrorism.
Jessica Tisch, second left, and Zohran Mamdani, center, during a news conference at Gracie Mansion in New York on March 9. Photographer: Lloyd Mitchell/Bloomberg
New York City’s congestion pricing program can continue after a federal judge ruled that the Trump administration’s attempts to terminate it were unlawful — a financial win for the nation’s largest mass transit provider.
New York City’s congestion pricing program can continue after a federal judge ruled that the Trump administration’s attempts to terminate it were unlawful — a financial win for the nation’s largest mass transit provider.
E-ZPass readers and license plate-scanning cameras over Second Avenue in New York. Photographer: Michael Nagle/Bloomberg
Capula Investment Management’s former US compliance head refiled a lawsuit accusing the hedge fund firm of wrongfully firing him for raising concerns about improper expenses and trading activity.
Capula Investment Management’s former US compliance head refiled a lawsuit accusing the hedge fund firm of wrongfully firing him for raising concerns about improper expenses and trading activity.
New York Police Department (NYPD) officers outside the New York State Supreme Court Building in New York, NY on Monday, October 2, 2023. Donald Trump will face off against New York Attorney General Letitia James starting today in a contentious civil trial that threatens his control over his real estate empire in the state. Photographer: Bing Guan/Bloomberg
Optimum Communications Inc. said a top law firm’s withdrawal from representing it under pressure from Apollo Global Management, Ares Management, Oaktree Capital Management and others showed that they were participating in a cartel against it.
Optimum Communications Inc. said a top law firm’s withdrawal from representing it under pressure from Apollo Global Management, Ares Management, Oaktree Capital Management and others showed that they were participating in a cartel against it.
Signage on the building that houses Kirkland & Ellis LLP law firm in Washington, DC, US, on Monday, April 21, 2025. The agreement between the Trump administration and five leading law firms is likely to further shake a legal profession in upheaval as the administration has threatened or implemented executive orders cutting off their lawyers’ access to security clearances and government buildings, often in retribution for perceived political slights.
Jefferies Financial Group Inc. was sued by investors in one of its funds over losses related to its holdings in First Brands Group, a now-bankrupt auto parts supplier at the heart of an alleged multibillion-dollar fraud scheme.
Jefferies Financial Group Inc. was sued by investors in one of its funds over losses related to its holdings in First Brands Group, a now-bankrupt auto parts supplier at the heart of an alleged multibillion-dollar fraud scheme.
The Jefferies Financial Group offices in New York, U.S., on Wednesday. Oct. 13, 2021. Jefferies, which has been expanding in Asia in recent years, saw its global revenue rise by 50% to a record $5.4 billion in the first nine months of the year.
The attorneys general for New York and New Jersey said they expect the Trump administration to restore federal funding for the $16 billion Gateway tunnel under the Hudson River after a deadline passed for an appeals court to block a judge’s order to release the money.
The attorneys general for New York and New Jersey said they expect the Trump administration to restore federal funding for the $16 billion Gateway tunnel under the Hudson River after a deadline passed for an appeals court to block a judge’s order to release the money.
Construction continues on the Hudson Gateway Tunnel project to connect New Jersey to Penn Station on October 17, 2025 in New York City.
The Trump administration won a reprieve until Thursday to keep its freeze on federal funds for the $16 billion Gateway tunnel, as the federal government seeks an appeals court’s blessing to overturn a judge who ruled Friday the money should be released.
The Trump administration won a reprieve until Thursday to keep its freeze on federal funds for the $16 billion Gateway tunnel, as the federal government seeks an appeals court’s blessing to overturn a judge who ruled Friday the money should be released.
The Northeast Corridor train tracks in Newark, New Jersey. Photographer: Gabby Jones/Bloomberg
New York and New Jersey won a temporary court order blocking the Trump administration’s freeze on federal funds for the $16 billion Gateway tunnel under the Hudson River.
New York and New Jersey won a temporary court order blocking the Trump administration’s freeze on federal funds for the $16 billion Gateway tunnel under the Hudson River.
A sign directs commuters at New York Pennsylvania Station in New York.
NewsGuard Technologies Inc. filed a lawsuit claiming the Federal Trade Commission’s probe into alleged advertising boycotts against conservative websites was simply retaliation by the US regulator against the company for exercising its constitutional right to free speech.
NewsGuard Technologies Inc. filed a lawsuit claiming the Federal Trade Commission’s probe into alleged advertising boycotts against conservative websites was simply retaliation by the US regulator against the company for exercising its constitutional right to free speech.
A person holds a mobile phone with the logo of news rating company NewsGuard Technologies arranged in front of web page Oct. 18, 2025. Photographer: Timon Schneider/SOPA Images/Sipa/AP
Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage.
Compass Inc. lost a bid to temporarily block a Zillow Group Inc. ban on listings that have been advertised elsewhere first, after a judge ruled in favor of the home-search site in its legal battle with the largest US real estate brokerage.
A Compass office in San Francisco, California, US, on Monday, April 29, 2024. Compass Inc. is scheduled to release earnings figures on May 8.
Wall Street’s top cop expects regulators to take actions tied to prediction markets following a surge in trading on the platforms over the past year, saying that simply making bets outside of traditional spaces “doesn’t insulate you from fraud.”
Wall Street’s top cop expects regulators to take actions tied to prediction markets following a surge in trading on the platforms over the past year, saying that simply making bets outside of traditional spaces “doesn’t insulate you from fraud.”
Jay Clayton, former chairman of the US Securities and Exchange Commission (SEC), speaks during the Bloomberg Invest event in New York, US, on Thursday, June 8, 2023. The conference invites investors, from institutional and high-net worth to private and retail, to leave with fresh perspective and crucial insight for 2023 and beyond.
First Brands Group founder Patrick James and his brother Edward, a former executive at the company, were indicted in New York following the collapse of the bankrupt auto-parts maker last year.
First Brands Group founder Patrick James and his brother Edward, a former executive at the company, were indicted in New York following the collapse of the bankrupt auto-parts maker last year.
Autolite spark plugs at an auto parts store in Oklahoma City. Photographer: Nick Oxford/Bloomberg
A federal judge appeared skeptical Wednesday of the Trump administration’s attempt to cancel a congestion pricing program New York City began a year ago that charges most motorists $9 to enter parts of Manhattan during peak hours.
A federal judge appeared skeptical Wednesday of the Trump administration’s attempt to cancel a congestion pricing program New York City began a year ago that charges most motorists $9 to enter parts of Manhattan during peak hours.
E-ZPass readers and license plate-scanning cameras over Second Avenue in New York. Photographer: Michael Nagle/Bloomberg
DoorDash Inc. and Uber Technologies Inc. lost a bid to block a New York City law requiring a tipping option be presented to customers at checkout from going into effect Monday.
DoorDash Inc. and Uber Technologies Inc. lost a bid to block a New York City law requiring a tipping option be presented to customers at checkout from going into effect Monday.
A delivery worker carries a DoorDash bag in New York.
The Trump administration won a temporary reprieve in a lawsuit over the Immigration and Customs Enforcement Agency’s tactics in Minnesota when an appellate court put on hold a ruling restricting officers from interfering with protesters in the state.
The Trump administration won a temporary reprieve in a lawsuit over the Immigration and Customs Enforcement Agency’s tactics in Minnesota when an appellate court put on hold a ruling restricting officers from interfering with protesters in the state.
Federal law enforcement agents detain a demonstrator during a raid in Minneapolis on Jan. 13.
Aurelius Capital Management and a group of other hedge funds renewed a lawsuit against Argentina seeking payments on securities tied to the performance of the South American nation’s economy.
Aurelius Capital Management and a group of other hedge funds renewed a lawsuit against Argentina seeking payments on securities tied to the performance of the South American nation’s economy.
Tourists and pedestrians on Plaza de Mayo in Buenos Aires, Argentina, on Monday, June 24, 2024.
Tricolor Holdings founder Daniel Chu and former Chief Operating Officer David Goodgame pleaded not guilty to charges that they conspired to defraud lenders and investors in the bankrupt subprime auto lender.
Tricolor Holdings founder Daniel Chu and former Chief Operating Officer David Goodgame pleaded not guilty to charges that they conspired to defraud lenders and investors in the bankrupt subprime auto lender.
Daniel Chu, founder and chief executive officer of Tricolor Holdings, arrives at federal court in New York, US, on Tuesday, Jan. 13, 2026. US prosecutors charged the founder of bankrupt subprime auto lender Tricolor Holdings with conspiring to defraud lenders and investors, in a sweeping indictment of the leadership of a used car dealer and financing company that collapsed in a wave of scandal in September.
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