{
}
Barclays Plc has received final approval for a $19.5 million settlement regarding claims that it sold $17.7 billion in unregistered securities. US District Judge Katherine Polk Failla deemed the agreement fair and reasonable, also approving attorneys' fees of approximately $5.7 million, or 29% of the settlement fund.
A jury verdict awarding former UBS bond strategist Trevor Murray over $900,000 in damages was overturned by the 2nd U.S. Circuit Court of Appeals due to flawed jury instructions. The court ruled that Murray's whistleblowing must have directly caused his termination, not just influenced it. This decision follows a Supreme Court ruling that made it easier for whistleblowers to prove retaliation claims.
A jury's verdict awarding Trevor Murray, a former UBS bond strategist, over $900,000 in damages was overturned by the 2nd U.S. Circuit Court of Appeals due to flawed jury instructions. The court ruled that Murray's whistleblowing must have directly caused his termination, not just influenced it. This decision follows a Supreme Court ruling that clarified the standards for corporate whistleblower retaliation claims.
A jury's verdict awarding Trevor Murray back pay and damages after he claimed retaliation for whistleblowing against UBS was overturned by the 2nd U.S. Circuit Court of Appeals. The court found that flawed jury instructions made it too easy to conclude that his whistleblowing contributed to his firing. The case has been sent back for further proceedings, following a Supreme Court ruling that clarified the standards for whistleblower retaliation claims in the financial sector.
A jury's verdict awarding Trevor Murray back pay and damages from UBS was overturned by the Second U.S. Circuit Court of Appeals due to faulty jury instructions. The court ruled that whistleblowing must be a direct cause of termination, not merely a contributing factor. This decision follows a Supreme Court ruling that had previously reinstated the jury's verdict, highlighting the complexities of whistleblower protections in the financial sector.
The U.S. Securities and Exchange Commission has yet to decide on clarifying new crypto rules following Coinbase's request. A federal appeals court criticized the SEC's lack of a clear policy, labeling its response to Coinbase's petition as "arbitrary and capricious," and ordered the agency to provide a more detailed explanation for its inaction. Meanwhile, the SEC's aggressive stance on crypto regulation faces increasing scrutiny amid shifting political dynamics.
Four Russian nationals have been indicted for money laundering and operating unlicensed cryptocurrency mixers Blender.io and Sinbad.io, following Blender's relaunch after sanctions. The indictment highlights significant transactions linked to illegal activities, raising concerns about jurisdiction and the implications for privacy in cryptocurrency. Legal experts suggest the case reflects a broader trend of prosecuting mixer founders, echoing previous actions against Tornado Cash.
U.S. CFTC Chairman Rostin Behnam warned of significant regulatory gaps in the cryptocurrency market and announced his resignation effective January 20. Meanwhile, AI startup Anthropic is seeking $2 billion in funding, potentially raising its valuation to $60 billion. In other news, major Spanish banks are developing frameworks for cryptocurrency ETPs, and Telegram has increased its compliance with U.S. authorities, providing data on over 2,000 users in 2024.
Coinbase achieved a significant legal victory as a U.S. District Court granted its motion for an interlocutory appeal against the SEC, halting the lawsuit while the case is reviewed by the Second Circuit. This decision aims to clarify whether digital asset transactions are subject to securities laws, a point of contention also seen in the Ripple case. The crypto community, including legal experts and industry leaders, celebrated the ruling as a pivotal moment for the ecosystem.
On January 7, 2025, District Judge Katherine Polk Failla granted Coinbase the right to appeal a key legal question in its case against the US SEC, pausing further proceedings until the appeals court rules on whether cryptocurrency transactions require an investment contract to be classified as securities. This ruling is pivotal for the cryptocurrency industry, especially with the anticipated shift in SEC leadership under pro-crypto chair Paul Atkins, which may lead to a more favorable regulatory environment. A potential victory for Coinbase could enhance market confidence and attract institutional investors previously deterred by regulatory uncertainties.
Katherine Polk Failla
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
barclays settles investor claims for 19.5 million over unregistered securities
20:41 19.03.2025
whistleblower verdict against UBS overturned by appeals court despite supreme court ruling
United States Dollar
CHE
Matthew Lewis
Michael Parks
Myrna Perez
Katherine Polk Failla
Trevor Murray
Show more
18:54 10.02.2025
whistleblower verdict against UBS overturned by appeals court despite supreme court ruling
18:48 10.02.2025
whistleblower verdict overturned in UBS case after appeals court ruling
UBS Securities LLC
CHE
Jonathan Stempel
Matthew Lewis
Michael Parks
Myrna Perez
Katherine Polk Failla
Trevor Murray
Show more
18:48 10.02.2025
whistleblower verdict overturned in setback for former UBS strategist
United States Dollar
CHE
USA
Jonathan Stempel
Michael Parks
Myrna Perez
Katherine Polk Failla
Trevor Murray
Show more
18:48 10.02.2025
court questions sec's crypto regulation as coinbase wins legal battle
Coinbase Global, Inc.
USA
Stephanos Bibas
Katherine Failla
Donald Trump
Janet Jackson
Gary Gensler
Thomas Ambrosius
Cheryl Ann Krause
Katherine Polk Failla
Paul Atkins
Show more
22:17 13.01.2025
russian nationals indicted for money laundering through crypto mixers
RUS
USA
Roman Ostapenko
Timothy May
Alexander Oleynik
Vince Dioquino
Roman Storm
André Beganski
Eric Rosen
Anton Tarasov
Katherine Polk Failla
Show more
15:56 13.01.2025
sol strategies secures 25 million cad credit line to boost solana investments
Canadian Dollar
United States Dollar
Coinbase Global, Inc.
Ripples USD
Arbitrum USD
CAN
ESP
USA
Rostin Behnam
Donald Trump
Stuart Alderoty
Brad Garlinghouse
Katherine Polk Failla
Paul Atkins
Show more
01:00 08.01.2025
Coinbase wins key legal battle against SEC as appeal process begins
Coinbase Global, Inc.
Kraken Energy Corp.
USA
Jeremy Hogan
Paul Grewal
Amanda Tuminelli
Katherine Polk Failla
Jake Chervinsky
Marco Santori
Show more
00:02 08.01.2025
coinbase wins key ruling as cryptocurrency industry anticipates regulatory shift
23:38 07.01.2025
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Supply Chain Management
Global Trade Developments
Retail and Consumer Goods
Private Equity Deals
Government Economic Policies
CEO Changes
Industry Mergers & Acquisitions
Workplace Trends
Stock Market Updates
Corporate Social Responsibility
Emerging Startups
Consumer Protection Regulations
Fintech Startups
Energy Sector Developments
Funding Rounds & Investments
Venture Capital Investments
AI Innovations
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
JD.com, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
TENCENT
Emirates NBD Bank PJSC
Boeing Co
Salesforce, Inc.
Foxconn Technology Co., Ltd.
HP Inc.
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Saudi Riyal
Offshore Chinese Yuan
Indonesian Rupiah
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People:
Donald Trump
Tim Cook
Mark Zuckerberg
Haider Ali Khan
Xi Jinping
Jensen Huang
Piyush Anchliya
Stiven Muccioli
Tamim bin Hamad Al Thani
Pandu Sjahrir
Prabowo Subianto
Ray Dalio
Changpeng Zhao
Prashant Joshi
Amal El Fallah Seghrouchni
Ayman Hamdan
He Xiaopeng
Abdel Fattah El-Sisi
Bisrat Degefa
Howard Lutnick