A Brooklyn appeals court threw out a lawsuit challenging the rollout of New York City’s pied-à-terre tax, ruling that the homeowner plaintiffs lacked standing to bring the complaint.
The criminal trial of a quantitative trader for allegedly stealing algorithmic trading code will also put a spotlight on the secretive industry in which he worked.
Citadel won access to the communications of two of Marshall Wace’s most senior executives as part of a legal fight over the British hedge fund’s recruitment of former Citadel portfolio manager Daniel Shatz as global credit head.
UBS Group AG prevailed against two former Credit Suisse Group AG managing directors who argued their deferred-compensation certificates shouldn’t have been written down when the banks merged in 2023.
Josh Wander, the 777 Partners co-founder, is set to change his plea in a case that accused him of cheating lenders and investors out of almost $500 million.
A woman pleaded guilty to fraud in connection with a plot to extort Fortress Investment Group co-founder Wes Edens out of more than $1.2 billion by threatening to release videos of them having sex.
Cable One Inc. was temporarily blocked by a federal judge from acquiring a 55% equity stake in Mega Broadband Investments from private equity firm GTCR, after lender CoBank ACB sued to stop the deal.
Marshall Wace, a UK hedge fund firm, said that Citadel was demanding too much information as part of an ongoing legal battle over the British company’s recruitment of a former Citadel portfolio manager as its global credit head.
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial crisis.
New York’s pied-a-terre tax rollout was blocked for a second time by a Staten Island judge who said the city improperly published property information and wrongly required homeowners to apply for exemptions.
Susquehanna International Group and Citadel Securities said they would drop a lawsuit alleging they lost tens of millions of dollars to insider traders as the firms finalize settlements with a number of individual defendants.
A Maryland cybersecurity consultant who allegedly stole nearly $55 million in hacked cryptocurrency and spent some of it on rare Pokemon and Magic: The Gathering cards went on trial in New York.
A federal judge dealt a setback to Susquehanna International Group’s lawsuit claiming it lost tens of millions of dollars to insider trading on a Chinese regulatory crackdown, denying a request to keep the alleged traders’ accounts frozen.
Vuk Vukovic, a founder of New York hedge fund Oraclum Capital LLC, was charged by federal prosecutors with lying to investors about his fund’s performance.
Two Sigma Investments co-founder John Overdeck testified in his divorce trial that maintaining equal control of the quantitative hedge fund with co-founder David Siegel is a “principal concern” for him in any division of marital assets.
Citadel accused Marshall Wace of failing to adhere to a court order to hand over documents relating to the British hedge fund group’s recruitment of former Citadel portfolio manager Daniel Shatz as its global credit head.
The Trump administration told a federal judge it will challenge the dismissal of its lawsuit against Harvard University alleging that the school violated civil rights laws by failing to protect Jewish and Israeli students after the October 2023 attack by Hamas on Israel.
Two Sigma Investments’ billionaire co-founder John Overdeck said the quantitative hedge fund group lost a “major investor” due to his feud with co-founder David Siegel.
The rollout of New York’s pied-à-terre tax can proceed for now after an appeals court temporarily put a hold on a Staten Island judge’s order blocking the plan.