Business & Practice

Matt Levine discusses leverage, blockchain for SPVs, BNPL and private credit, semiliquid fees, and the give-away of a bad pitch.

The US Supreme Court refused to review the constitutionality of a now-rescinded Securities and Exchange Commission policy that forced people and companies settling enforcement cases to never publicly criticize or contest the Wall Street watchdog’s claims.

The Singapore International Commercial Court has awarded damages to 40 claimants against cryptocurrency firm Terraform Labs Pte Ltd and founder Do Kwon in a fraud case tied to the collapse of the TerraUSD stablecoin in 2022.

The private credit industry was dubbed “shadow banking” as it took business away from traditional lenders. Buy Now, Pay Later companies have been referred to as hawking “phantom debt” that falls outside Wall Street’s typical tracking methods.

President Donald Trump is on the brink of learning whether the US Supreme Court will bless two of his most audacious gambits, his bids to oust a Federal Reserve governor and roll back automatic birthright citizenship.

Michael Saylor’s great crypto experiment is fast running out of believers.

Activist investor Jana Partners has built a larger stake in Alkami Technology Inc. and is urging the financial technology company to move forward with a sale, according a person familiar with the matter.

Civil litigation moved forward against Apollo Global Management Inc. on Monday over its alleged scheme to bet on the longevity of senior citizens by acquiring their life insurance policies and funneling the payouts through shell entities.

The EPA wants to start monitoring 30 new contaminants in drinking water, according to a draft rule that did not include microplastics despite a request from seven state governors.

Rocket Lab Corp. agreed to buy Iridium Communications Inc., a pioneer in satellite telephones, for $54 a share in a cash-and-stock transaction as players in the space industry try to compete with SpaceX’s Starlink service.

The Trump administration is canceling a lease held by Duke Energy Corp. off the coast of North Carolina as it expands its campaign to block new offshore wind developments.

An Ohio federal judge dismissed the Securities and Exchange Commission’s lawsuit against the former CEO of an energy company for allegedly misleading investors in statements tied to bribery payments made to the then-speaker of the state’s House of Representatives.

SportsEdTV Inc. will pay $500,000 to settle a proposed class action alleging it shared the viewing histories of subscribers with Meta Platforms Inc. without consent in violation of federal and state privacy laws.

The Los Angeles Times won approval for a $3.85 million class settlement of a California Invasion of Privacy suit filed over the newspaper’s use of online and mobile app tracking technologies.

Bellwether defendants in multi-district litigation over a massive data breach of Progress Software’s MOVEit file-transfer application failed to convince a federal court to toss negligence claims against them under the laws of California, Indiana, Michigan, and Ohio.

Atlas Data Privacy Corp. convinced a federal court to dismiss counterclaims from companies like AccuZIP who alleged that Atlas’ mass takedown notices under New Jersey’s judicial privacy shield constituted a “spam attack”

The US Supreme Court ruled that federal law permits mail-in ballots to arrive after Election Day in a decision that preserves grace periods in 30 states.

“Using blacklisted Chinese chips would be a grave mistake for Apple,” Republican Senator Tom Cotton says in a post on X.

A Venezuelan man’s 15-month mutiny sentence was upheld Monday after the Fifth Circuit agreed his offense “involved a major disruption to the operation” of the El Paso detention facility where he was being held.

A challenge to taxes Travis County, Texas, imposed in response to flooding over the last July 4th weekend won’t be decided just yet.

Justice Sonia Sotomayor denounced the Supreme Court’s decision expanding President Donald Trump’s firing power over leaders of federal agencies, calling it a “profoundly destabilizing” ruling that would unleash chaos for governance.

A federal appeals court upheld the dismissal of human trafficking and civil assault claims against bestselling author Neil Gaiman in the US, finding that the dispute should be heard in New Zealand.

A man convicted on drug trafficking charges convinced a federal appeals court to revive a lawsuit alleging a Federal Bureau of Investigations agent unlawfully pocketed $218,200 during a search and seizure.

The EPA wants to start monitoring 30 new contaminants in drinking water, according to a draft rule that did not include microplastics despite a request from seven state governors.