Keep your finger on the legal world's pulse
9th March 2026
 
THE HOT STORY
Western Alliance sues Jefferies over loans linked to First Brands
Western Alliance has sued investment bank Jefferies, alleging breach of contract and fraud over loans tied to the collapse of auto parts supplier First Brands. The Phoenix-based lender said it filed a complaint in the ‌New York Supreme Court against Jefferies and others for "breach of contract and fraud" for "conduct related to a commercial loan collateralized by accounts receivable purchased from First Brands Group." Western Alliance CEO Kenneth Vecchione said: "I can't tell you what's behind Jefferies' motive . . . We are deeply disappointed by Jefferies' conduct." In response, Jefferies said: "We regret that the Bank, as well as a range ​of lenders to and around First Brands, will suffer losses as a result of this fraud. We believe that the lawsuit is without merit and it ​will be defended vigorously."
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LAW
Brothers of Virginia Giuffre demand unredacted Epstein documents
Brothers of the late Virginia Giuffre have visited Jeffrey Epstein's former New Mexico ranch to demand the release of unredacted documents revealing the identities of men who allegedly abused their sister. Sky Roberts said during a rally near the ranch to mark International Women's Day: "All those names are in the files and right now the government is covering those up." New Mexico has launched a "truth commission" to investigate Epstein's activities, and Amanda Roberts, Sky's wife, expressed her hope that other states will follow suit.
LAWSUITS
Live Nation close to settling U.S. antitrust suit without Ticketmaster sale
Live Nation Entertainment is close to settling a federal antitrust lawsuit in a deal ​that would avoid the sale of its Ticketmaster ‌unit, Bloomberg News reports. The U.S. Justice Department and more than two dozen states sued to break up Live Nation in ​May 2024 after accusing the company of illegally monopolizing the live music industry. They had called for a sale of Ticketmaster ​and alleged the companies illegally inflated concert ticket prices and ⁠harmed artists. Under the settlement plan, Live Nation's Ticketmaster subsidiary would eliminate some exclusivity in ticketing contracts with concert venues as well as make some concessions around the use of its amphitheaters.
Trump and Bondi face TikTok lawsuit
President Donald Trump and Attorney General Pam Bondi have been sued over the U.S. government's approval of a deal allowing TikTok's Chinese owner, ByteDance, to create a majority American-owned joint venture. The lawsuit, filed by the Public Integrity Project on behalf of two U.S. investors in competing social media firms, claims the approval was illegal and did not comply with a 2024 law. The plaintiffs seek to renegotiate the deal to prevent administration allies from censoring political content on the platform, which has 200 million American users. The lawsuit does not aim to ban TikTok.
Allstate to face driver tracking lawsuit
Home and auto insurer Allstate is to face a privacy lawsuit which accuses the company of violating the Federal Wiretap Act by illegally tracking drivers through their cellphones without consent, using their data to raise premiums or deny coverage, and selling ​the data to other insurers. Drivers in the proposed class action can also try to show that the insurer's data analytics unit Arity violated the federal Fair Credit Reporting Act by inaccurately ​reporting their driving behavior.
CASES
Crypto entrepreneur settles SEC fraud case
The Securities ‌and Exchange Commission ‌(SEC) has agreed to settle its civil ​fraud case against Chinese cryptocurrency entrepreneur Justin Sun. One of Sun's ‌companies ⁠will pay a $10m penalty to resolve the SEC’s claims that its employees manipulated the market for a crypto asset known as TRX. The agency had alleged that Sun’s employees engaged in fraudulent trading, known as wash trading, which made the token appear more liquid and popular with traders. The SEC sued Sun and his ​companies Tron ​Foundation, ​BitTorrent Foundation ‌and Rainberry in March 2023.
Kari Lake broke law in overseeing Voice of America, judge says
U.S. District Court Judge Royce C. Lamberth has ruled that Kari Lake acted unlawfully while overseeing the U.S. Agency for Global Media, declaring her actions over the past year, including layoffs of over 1,000 staffers, null and void. The ruling is a significant setback for the Trump administration's efforts to reshape the Voice of America and other networks. Lake plans to appeal, claiming the judge's ruling is an attempt to obstruct President Trump's mandate to reduce government bureaucracy. The decision has been hailed by plaintiffs as a "powerful step toward undoing the damage" inflicted on the agency, which has historically served as a model of U.S. journalism.
FIRMS
Pinsent Masons expands in China
U.K.-headquartered Pinsent Masons has received government approval to form a joint venture with Chinese corporate practice China Commercial Law Firm (CCL) in the Qianhai Free Trade Zone. The move marks the firm's first joint venture in the Qianhai Free Trade Zone following the launch of its Shenzhen office earlier this year.

 
Law
INTERNATIONAL
Europol says Iran crisis raises threat of terror, cyberattacks
Europol has warned that the ongoing Middle East conflict will have "immediate repercussions" for European Union security, leading to an increased threat of terrorism, organized crime, and cyberattacks. Europol spokesman Jan Op Gen Oorth said that he anticipates a rise in cyberattacks targeting European infrastructure, alongside sophisticated online fraud driven by artificial intelligence. He observed that groups linked to Iran may engage in "destabilizing activities" within the EU, including terrorist attacks. "The level of terrorist threat and violent extremism in EU territory is considered high," he said, noting that the rapid spread of polarizing content online could accelerate radicalization among diaspora communities.
Brazilian police detain Banco Master owner
Banco Master owner Daniel Vorcaro has been detained by police in Brazil after a judge said there was a "strong indication" that the businessman attempted to bribe a former central bank director with ‌gifts in return for preferential treatment. He was first arrested in November as part of an investigation into the alleged issuance of fraudulent credit securities by the failed lender, but was later released and ordered to wear an electronic ankle monitor.

 

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