Kraken, one of the world’s oldest crypto exchanges, said it’s being extorted by a criminal group that claims to have access to some client account information.

The Federal Reserve said Monday it will buy about $25 billion of Treasury bills each month, a greater wind down than anticipated of a programthat was meant to ease short-term funding costs by rebuilding reserves in the financial system.

Investors are demanding a higher premium on bonds issued by US banks than their European counterparts, reflecting anxiety about American financial institutions’ exposure to private credit, even as the space has shown signs of stabilizing in recent days.

HSBC announced the launch of its Tokenized Deposit Service in the United States, expanding its digital money capabilities to enable real-time funds movement across jurisdictions in a regulatory-compliant environment.

Partners at Perkins Coie and Ashurst voted to combine the two firms, resulting in a $2.8 billion, 3,000-lawyer entity by the third quarter of the year.

A lot of worries are hitting the $1.8 trillion private credit market at the same time, setting off a scramble by some investors to withdraw money from the industry’s giants.

Teva Pharmaceuticals Industries Ltd. dodged some claims and will continue to litigate others in multidistrict litigation brought by drug wholesalers and retailers, as well as a suit brought by a rival, alleging that the company harmed generic competition for the multiple sclerosis drug Copaxone.

Skillz Platform Inc. accused its rival Papaya Gaming Ltd. during opening statements at trial Monday of claiming to pay users $6.7 billion in winnings for playing online games like solitaire, while doling out $4.7 billion of that to bots, not humans.

Corcept Therapeutics Inc. executives and directors misrepresented a drug candidate’s approval prospects while some of them made $67 million in insider stock sales, an investor alleges.

Oracle Corp. agreed to purchase as much as 2.8 gigawatts of fuel-cell power from Bloom Energy Corp. to supply data centers for artificial intelligence work.

A coalition of energy companies, chemical makers and trade associations are asking the European Union to urgently consider changes to the bloc’s upcoming regulations on methane emissions.

DLA Piper did not discriminate against an ex-associate who sued the firm after she was fired while pregnant, a Manhattan jury found Monday.

Treasury Secretary Scott Bessent said an executive order mandating banks to collect citizenship information from their customers is “in process,” according to news outlet Semafor.

HR-services provider MRA—The Management Association Inc. won initial court approval for the second time for a revised $775,000 proposed settlement of a lawsuit arising from a 2023 data breach.

A Chinese AI company argued a copyright suit by Walt Disney Co. and several other studios over MiniMax’s Hailuo AI should be dismissed for failing to plead jurisdiction, registered copyrightable characters, or infringement.

OpenAI must maintain its suspension on the account of a man who allegedly used ChatGPT to harass and humiliate his ex-girlfriend, as the chatbot fueled his delusions about her, a California state court ruled.

A consumer dropped her proposed class action alleging moving company Sirva Relocation LLC negligently failed to protect the personal information of more than 480,000 people that was exposed in a 2023 data breach.

Kraken, one of the world’s oldest crypto exchanges, said it’s being extorted by a criminal group that claims to have access to some client account information.

President Donald Trump has tapped a third Republican for the National Labor Relations Board, a move that signals the administration’s intent to revisit Biden-era labor policy.

The Trump administration sued Connecticut officials on Monday claiming their “sanctuary” policies violate the US Constitution’s Supremacy Clause and federal law by obstructing immigration enforcement.

A decades-old program designed to help businesses owned by women or minorities access state contracts was restored for six companies by a state judge Monday, after Texas abruptly ended the program last year.

DLA Piper did not discriminate against an ex-associate who sued the firm after she was fired while pregnant, a Manhattan jury found Monday.

A Chinese AI company argued a copyright suit by Walt Disney Co. and several other studios over MiniMax’s Hailuo AI should be dismissed for failing to plead jurisdiction, registered copyrightable characters, or infringement.

A Ninth Circuit panel appeared conflicted in oral argument over whether a venture lender should be barred from interfering with Google’s chip production during a trade secrets lawsuit, even though the lender may have rights to the disputed chip-making equipment.