Tesla Inc. investors lost $12 billion over 10 days as a result of Elon Musk’s famous tweet in 2018 that he had “funding secured” to take the company private, a witness testified at a trial over the CEO’s liability.

The marketing used to find clients in mass tort cases has become much more sophisticated in recent years—and the budgets used to identify potential clients have been growing exponentially. For the Camp Lejeune case, which involves decades of contaminated drinking water at a military installation in North Carolina, the spending could shatter records. Bloomberg Law reporter Roy Strom dug into how this type of legal marketing works and who benefits from it. He joins our weekly legal news podcast, On The Merits, to talk about how the mass tort bar finds its clients and why this makes some people uneasy.

Wells Fargo Bank NA failed to shake off a suit brought by an Illinois couple alleging they were wrongfully denied a mortgage modification due to a glitch in the company’s software.

The complex relationship between crypto lender Celsius Network and exchange FTX, both of which went bankrupt last year, was detailed in a report filed by Celsius’s court-appointed examiner early Tuesday.

A London-based Perella Weinberg Partners banker died by suicide in the days after the firm’s UK headquarters were searched as part of a German investigation into insider trading, people familiar with the matter said.

You don’t have to be insolvent to file for bankruptcy, and it is good to file early, but not prematurely.