FTX’s bankruptcy stopped customers from withdrawing their funds and probably enabled them to recover the full amounts owed. Something that wouldn’t have happened if it hadn’t filed since it appears that the firm was apparently illiquid but solvent. Bankruptcy converted all of the customers’ demand deposits into long-term loans and gave the company the time it needed to benefit from a recovery in the prices of its assets.

(Updates with company comment in last bullet)

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.

<-bsp-bb-link state="{"bbHref":"bbg://screens/ECST%20NG","_id":"0000018f-58df-d4b6-a98f-fdff82c20000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Nigeria rejected an allegation of bribery leveled against it by Binance Holdings Ltd, calling it a tactic to divert attention away from the activities of the world’s largest cryptocurrency exchange.

Cryptocurrency exchange <-bsp-bb-link state="{"bbHref":"bbg://securities/1738202D%20US%20Equity","_id":"0000018f-58a2-d4b6-a98f-fdb70f370000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in US bankruptcy proceedings.

Sullivan & Cromwell will be “extremely vigilant” about vetting future hires following reports of harassment at pro-Palestinian protests on college campuses.

A pension fund and an AMC Entertainment Holdings Inc. investor defended on Wednesday a settlement they negotiated with the cinema chain so it could proceed with a stock conversion opposed by its meme stock base.

A bipartisan pair of senators on Wednesday urged the SEC to write a new rule requiring companies to report on their stock buybacks after a court killed the regulation last year.

IXL Learning Inc. faces a putative class action filed by three Kansas families alleging the education technology company violated federal wiretap law by collecting and selling their children’s personal information without parental consent.

The International Accounting Standards Board proposed changes Wednesday to how companies account for renewable energy contracts, which have surged in popularity globally in recent years.

Banks are being advised to avoid using carbon credits to offset their financed emissions, as lawyers warn that new regulations in Europe will make greenwashing litigation a lot easier to pursue.

The number of European banks taking account of environmental risks in their reserves for loan losses has more than tripled in a year, signaling an initial win for the regulator in its effort to prepare for climate change.

Home-security systems provider ADT Corp. shared the personal information of website visitors with TikTok Inc. in violation of the California Trap and Trace Law, a proposed federal class action said.

IXL Learning Inc. faces a putative class action filed by three Kansas families alleging the education technology company violated federal wiretap law by collecting and selling their children’s personal information without parental consent.

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.

Madison Square Garden Entertainment Corp. defeated a lawsuit alleging it collected and used the biometric information of visitors to its entertainment venues in ways that violated New York City law.

Scott Lashway and Chris Lisy have joined Mintz as members in the Boston office in the data and privacy litigation and investigations practice, the firm said Wednesday.

California lawmakers aren’t backing off in their quest to hold Big Tech responsible for social media harms to minors, with a measure that would force platforms to allow third-party apps that help parents monitor their children online.

The owner-operators of 10 independently licensed Save-A-Lot grocery stores and their related company, Anchor Mobile Food Markets Inc., lost their bid to revive a civil fraud lawsuit against private equity firm Onex Corp. Wednesday.

A Federal Circuit panel gave a frosty reception to Q3 Networking LLC’s argument that an administrative law judge’s extensive copying from a litigation opponent’s briefing constitutes grounds for reversing his decision against the patent owner.

A letter Chipotle Mexican Grill Inc. sent responding to an employee who says she was brutally raped by a co-worker could be the key to whether her lawsuit belongs in court or arbitration, the Eighth Circuit signaled on Wednesday.

Judges pressed the EPA in arguments on Wednesday over whether the agency’s methods of weighing a Kentucky air plan were fair enough to justify denying the state program.

The Delaware Supreme Court won’t review a recent decision that slashes parts of the state’s climate lawsuit against BP PLC, Exxon Mobil Corp., and other companies, denying an interlocutory appeal request on Wednesday.

<-bsp-person state="{"_id":"0000018f-598b-d4b6-a98f-fdbf81e70000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Stormy Daniels will return to the witness stand in Donald Trump’s hush money criminal trial Thursday morning, testing the ability of both the adult film star and the former president to keep their cool.