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Market Manipulation

Legal news related to Market Manipulation

5 articles

Regulatory
•4 min read

FTC Secures $7B Settlement with Express Scripts Over Drug Pricing

The Federal Trade Commission announced a settlement with Express Scripts that could lower prescription drug prices by up to $7 billion over the next decade. The pharmacy benefit manager agreed to end business practices that artificially inflated drug costs for American consumers.

•Express Scripts agreed to end practices that artificially inflated prescription drug prices, potentially saving consumers $7 billion over 10 years
•The company controls 80% of the prescription drug market with two competitors and accounts for 23% of total prescriptions
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Federal Circuit
•4 min read
Seventh Circuit Court of Appeals

7th Circuit Affirms Dismissal of $200M 'Volmageddon' Lawsuit

The Seventh Circuit Court of Appeals affirmed the dismissal of lawsuits filed by LJM Partners and Two Roads Shared Trust against eight financial firms over massive losses during the February 5, 2018 market volatility spike. The court ruled the plaintiffs lacked standing and missed the statute of limitations deadline.

•Seventh Circuit affirmed dismissal of lawsuits over February 2018 'Volmageddon' trading losses
•LJM Partners lacked Article III standing to pursue manipulation claims
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Federal Circuit
•4 min read
Seventh Circuit Court of Appeals

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.

•Seventh Circuit affirmed dismissal of lawsuits over massive February 2018 volatility trading losses
•LJM Partners' case dismissed for lack of constitutional standing to sue
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Regulatory
•4 min read

FTC Sues Zillow and Redfin Over $100M Anti-Competition Deal

The Federal Trade Commission filed a lawsuit against real estate giants Zillow and Redfin, alleging they entered into an illegal $100 million agreement in February 2025 that eliminates competition in the rental housing advertising market. The FTC claims Redfin agreed to exit the multifamily rental advertising business for up to nine years.

•FTC alleges $100 million payment from Zillow to Redfin constitutes illegal anti-competitive agreement
•Redfin agreed to exit multifamily rental advertising market for up to nine years under the deal
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Regulatory
•4 min read

CFTC Fines Shinhan Securities $212,500 for Wash Trading on NYMEX

The Commodity Futures Trading Commission imposed a $212,500 civil penalty on Shinhan Securities Co. Ltd. for conducting wash sales and non-competitive transactions on the New York Mercantile Exchange. The firm engaged in simultaneous buy and sell orders for the same futures contracts through accounts with identical beneficial ownership.

•Shinhan Securities agreed to pay $212,500 penalty and accept cease and desist order
•Firm conducted wash sales through near-simultaneous bids and offers for identical futures contracts
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