U S District Court news and trends

Coinbase Global Announces Relisting of XRP Following Court Ruling
Cryptocurrency // July 13, 2023

Coinbase Global announced Thursday (July 13) that the digital token XRP, which is owned by Ripple Labs, will be relisted on the crypto exchange. The announcement follows a ruling from a U.S. District Court judge that XRP is not a security when sold to the general...

Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk
Banking // March 13, 2023

A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. The class-action complaint alleges that because of failure to disclose risk, the plaintiffs were damaged when SVB Financial Group sold its securities at “artificially inflated prices” and later released an...

Court Rules Only ‘Depository Institutions’ Eligible For OCC’s Bank Charters
Legal // October 24, 2019

Lights out for the FinTech charter idea? The Office of the Comptroller of the Currency (OCC) debuted a special purpose charter in 2016 that would have  given FinTechs a leg up on competing with traditional financial services companies. Nearly four years on, little progress has...

Exactis Data Breach Sparks Class Action Lawsuit
Legal // June 29, 2018

The first class action lawsuit against Exactis has been filed in response to the company’s massive data breach that exposed the private information of more than 200 million U.S. consumers and 110 million business contacts. The marketing and data aggregation firm was the subject of a...

Quick Reads
Coinbase Global Announces Relisting of XRP Following Court Ruling

July 13, 2023
Coinbase Global announced Thursday (July 13) that the digital token XRP, which is owned by Ripple Labs, will be relisted on the crypto exchange. The announcement follows a ruling from a U.S. District Court judge that XRP is not a security when sold to the general public, Seeking Alpha reported Thursday. The crypto exchange had suspended trading of […]

Class-Action Lawsuit Alleges Silicon Valley Bank Didn’t Disclose Risk

March 13, 2023
A lawsuit alleges that Silicon Valley Bank’s parent company did not disclose risk to investors. The class-action complaint alleges that because of failure to disclose risk, the plaintiffs were damaged...

Exactis Data Breach Sparks Class Action Lawsuit

June 29, 2018
The first class action lawsuit against Exactis has been filed in response to the company’s massive data breach that exposed the private information of more than 200 million U.S. consumers and...

Court Rules Mulvaney Can Serve As Interim Director For Now

November 29, 2017
In the battle over the Consumer Financial Protection Bureau (CFPB), score one for team Trump. Perhaps temporarily, perhaps with staying power. In late-breaking news on Tuesday (Nov. 28), a U.S. District...