Verdict . News

Jan 15, 2026•4 min read

•Seventh Circuit affirmed dismissal of lawsuits over massive February 2018 volatility trading losses

7th Circuit Upholds Dismissal in $2B 'Volmageddon' Trading Losses Case

The Seventh Circuit Court of Appeals affirmed dismissal of lawsuits by LJM Partners and Two Roads Shared Trust against eight financial firms over catastrophic losses during the February 2018 market volatility spike. The appeals court rejected claims alleging VIX manipulation that led to enormous trading losses.

•LJM Partners' case dismissed for lack of constitutional standing to sue

•Seventh Circuit unanimously affirmed dismissal of racial discrimination lawsuit against United Airlines

7th Circuit Affirms Dismissal of Racial Bias Suit vs United

The Seventh Circuit Court of Appeals affirmed a district court's dismissal of a racial discrimination lawsuit against United Airlines. Passenger Yubo Miao alleged he was removed from a flight due to his Chinese heritage, but the court found insufficient evidence to support his claims under federal civil rights laws.

•Passenger Yubo Miao alleged removal from flight was motivated by anti-Chinese bias but court found insufficient evidence

•Sean Grusd was convicted of wire fraud for a two-year scheme that defrauded 15 sets of victims of approximately $23.2 million

7th Circuit Upholds $21.6M Restitution Order in Wire Fraud Case

The Seventh Circuit Court of Appeals affirmed a $21.6 million restitution order against Sean Grusd, who was convicted of wire fraud for a two-year scheme that defrauded 15 sets of victims. The court rejected Grusd's challenge to a $1.6 million credit applied by the district court.

•The Seventh Circuit ruled Grusd waived his right to challenge a $1.6 million restitution credit by acquiescing to it during sentencing

•Farhan Sheikh convicted under 18 U.S.C. § 875(c) for making threats against abortion clinic personnel via iFunny social media post

7th Circuit Upholds Conviction for Threats Against Chicago Abortion Clinic

The U.S. Court of Appeals for the Seventh Circuit affirmed the conviction of Farhan Sheikh, a college student who threatened to kill doctors, patients, and visitors at a Chicago abortion clinic via social media. Sheikh's constitutional challenges to federal threat statutes and procedural arguments were rejected by the three-judge panel.

•Seventh Circuit rejected constitutional challenges to federal threat statute and claims of procedural errors

•Seventh Circuit affirmed summary judgment against NEXT Payment Solutions in trade secret dispute over scheduling software

7th Circuit Affirms Summary Judgment Against Software Developer in Trade Secret Case

The Seventh Circuit Court of Appeals affirmed a district court's summary judgment against NEXT Payment Solutions in its trade secret dispute with CLEAResult Consulting. The appeals court upheld the lower court's finding that NEXT failed to define its alleged trade secrets with sufficient specificity under federal law.

•District court found NEXT failed to define alleged trade secrets with sufficient specificity under federal law

•Seventh Circuit affirmed dismissal of racial discrimination lawsuit against United Airlines

7th Circuit Affirms Dismissal of Race Discrimination Suit vs United

The U.S. Court of Appeals for the Seventh Circuit affirmed a district court's dismissal of a racial discrimination lawsuit against United Airlines. Passenger Yubo Miao alleged he was removed from a flight due to his race, but the appeals court found no plausible discrimination claims.

•Passenger Yubo Miao alleged removal from flight was based on his Chinese ancestry

Jan 13, 2026•4 min read

•Seventh Circuit unanimously affirmed Loyola University's expulsion of Matthew Metzler for sexual misconduct

7th Circuit Affirms University Sexual Misconduct Expulsion in Title IX Case

The U.S. Court of Appeals for the Seventh Circuit affirmed Loyola University Chicago's expulsion of Matthew Metzler for sexual misconduct, rejecting his claims of sex discrimination under Title IX and breach of contract. The court found insufficient evidence to support Metzler's allegations that his 2017 expulsion constituted unlawful discrimination.

•Court rejected Metzler's claims that expulsion violated Title IX sex discrimination prohibitions

Jan 9, 2026•4 min read

•Seventh Circuit affirmed Charles Cui's 32-month sentence for bribing Chicago Alderman Edward Burke over a city permit

7th Circuit Upholds Developer's Conviction for Bribing Chicago Alderman

The Seventh Circuit Court of Appeals affirmed the conviction and 32-month prison sentence of developer Charles Cui for bribing Chicago's longest-serving alderman Edward Burke to secure influence over a city permit matter. The January 9, 2026 ruling rejected all of Cui's appeal challenges.

•Cui needed Burke's influence after Chicago denied a pole sign permit that threatened his $2 million development financing deal

Jan 9, 2026•4 min read

•Seventh Circuit affirmed conviction of Michael Yumang on drug trafficking and firearms charges

7th Circuit Affirms Milwaukee Drug Trafficking Conviction

The U.S. Court of Appeals for the Seventh Circuit affirmed the conviction of Michael J. Yumang on drug trafficking and firearms charges following searches that uncovered distribution quantities of methamphetamine. The appeals court rejected Yumang's challenge to testimony from a government drug analyst.

•Searches uncovered distribution quantities of methamphetamine and weapons in Milwaukee area