Finance, Banking & Insurance

Datavault AI Faces Securities Fraud Suit, Oct. 5 Deadline Looms

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Datavault AI Faces Securities Fraud Suit, Oct. 5 Deadline Looms

Los Angeles – -- Investors who purchased Datavault AI, Inc. securities between September 10, 2026 and September 10, 2026 have until September 10, 2026 to seek lead plaintiff status in a newly filed securities fraud class action, according to Glancy Prongay Wolke & Rotter LLP.

Complaint alleges Datavault AI concealed material facts to inflate share price

The class action complaint claims Datavault AI and named defendants made materially false or misleading statements and omitted adverse facts about the company's business, operations and prospects throughout the 13-month class period. The suit alleges the conduct artificially inflated and maintained the market price of Datavault AI securities, inducing investors to purchase shares and options at inflated valuations.

Simply Good Foods Faces Securities Fraud Suit Over OWYN Deal

Bensalem, Pa. – September 10, 2026 -- Investors who lost money on Simply Good Foods Company (SMPL) stock have until October 13, 2026 to seek lead plaintiff status in a securities fraud class action, the Law Offices of Howard G. Smith announced.

Lawsuit targets 17-month period of alleged misstatements tied to OWYN acquisition

The class action covers statements made between October 24, 2024 and April 8, 2026. The complaint alleges Simply Good Foods failed to disclose that it lost key managerial personnel following its acquisition of protein brand OWYN, undermining integration of the acquired assets.

EQT AB Completes SEK 2.5bn Share Buyback, Hits Share-Count Cap

Stockholm – – September 10, 2026 -- EQT AB has completed its share buyback program after repurchasing 4,368,899 own ordinary shares for a total of SEK 1,448,620,146.93, the private equity firm confirmed.

EQT finalizes buyback authorization after hitting maximum share count

Between August 31 and September 4, 2026, EQT repurchased 707,203 ordinary shares (ISIN: SE0012853455) on Nasdaq Stockholm, closing out a program launched July 20, 2026. The initiative, announced May 12, 2026, authorized purchases of up to 4,368,899 shares for a maximum of SEK 2,500,000,000, carried out under the EU Market Abuse Regulation No 596/2014 and Commission Delegated Regulation No 2016/1052.

York Space Systems Hit With Securities Fraud Class Action Over Software Claims

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York Space Systems Hit With Securities Fraud Class Action Over Software Claims

Los Angeles – September 10, 2026 -- Investors who lost money on York Space Systems, Inc. securities have until October 30, 2026 to seek lead plaintiff status in a securities fraud class action filed against the company, according to law firm Glancy Prongay Wolke & Rotter LLP.

Complaint alleges York misrepresented satellite software readiness before launch

The lawsuit alleges York's onboard mission and payload software was not fully functional before satellites were launched, contradicting the company's public statements about its business and operations.

Allegations tie software gaps to risk on SDA contracts

According to the complaint, the incomplete software created an ongoing risk to York's contracts with the SDA, with plaintiffs alleging the company used false advertising to win those contracts and delivered satellites with unfinished mission-critical software.

HDFC Bank Faces US Securities Fraud Suit Over Hidden Deposit Payments

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HDFC Bank Faces US Securities Fraud Suit Over Hidden Deposit Payments

San Francisco – September 10, 2026 -- Hagens Berman has filed a securities fraud class action against HDFC Bank Limited (NYSE: HDB), alleging the lender concealed roughly Rs 45 crore (about $4.7 million) in disguised payments to a state-owned firm to secure large deposits.

Lawsuit targets CEO and CFO over alleged deposit-inducement scheme

The complaint names Chief Executive Officer Sashidhar Jagdishan and Chief Financial Officer Srinivasan Vaidyanathan, claiming HDFC routed funds through its marketing department, disguised as sponsorship for a road safety campaign, to the Maharashtra State Road Development Corporation (MSRDC). The scheme allegedly delivered MSRDC a 6.01% interest rate on deposits, a 2.51% markup over standard retail savings rates, in violation of Reserve Bank of India Master Directions and HDFC's own anti-bribery policies.

UWM Holdings Hit With Class Action Over $603M Hedge Loss, 75% Stock Drop

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UWM Holdings Hit With Class Action Over $603M Hedge Loss, 75% Stock Drop

San Francisco – September 10, 2026 -- UWM Holdings Corporation (NYSE: UWMC) shares have fallen roughly 75%, or about $3.65, since December 17, 2025, after the mortgage lender disclosed a $603 million hedging loss tied to its collapsed bid for Two Harbors Investment Corp. Law firm Hagens Berman is investigating a securities class action against UWM covering the period March 9, 2026 through August 5, 2026, with a lead plaintiff deadline of October 13, 2026.

UWM's stock cratered 34% in a single session on August 6, 2026

The drop followed disclosures of a $451 million net loss and a roughly $603 million hedging loss for the quarter. Management acknowledged for the first time that the company was "over-hedged" after the Two Harbors transaction "went away," according to the complaint.

SKF Shareholders to Vote on SEK 11 Billion Vertevo Spin-Off Oct. 1

Gothenburg – September 10, 2026 -- AB SKF has called an Extraordinary General Meeting for 1 October 2026 to approve the distribution of all shares in SKF Vertevo AB, the entity housing SKF's Automotive business, to existing shareholders ahead of a planned Nasdaq Stockholm listing.

SKF sets a 5-to-1 share ratio for the Vertevo distribution

Under the Board's proposal, shareholders will receive one series A share in SKF Vertevo for every five series A shares held in SKF, and one series B share for every five series B shares. Fractional entitlements will be pooled, sold on Nasdaq Stockholm via Skandinaviska Enskilda Banken AB, with proceeds distributed pro rata through Euroclear, free of commissions.

Cyber Claims Costs Triple for European SMEs Despite Fewer Incidents: Chubb

Frankfurt – September 10, 2026 -- Cyberattack frequency against European mid-sized companies fell to a five-year low in 2025, yet the average claim value tripled between 2020 and 2025, according to Chubb's Cyber Claims Report 2026.

Claim frequency drops while financial severity climbs sharply

Chubb's data shows that while the number of cyber incidents affecting mid-market firms stabilized and declined to its lowest point in five years during 2025, the cost per claim has risen threefold over the preceding five-year period. The insurer attributes the gap partly to artificial intelligence, which is simultaneously helping companies detect vulnerabilities and enabling more sophisticated malicious use of technology that accelerates the scale of exposure.

CME Group FX Futures Open Interest Hits Record 4.41 Million Contracts

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CME Group FX Futures Open Interest Hits Record 4.41 Million Contracts

Chicago – September 10, 2026 -- CME Group's FX futures and options open interest climbed to a record 4,410,167 contracts on September 10, 2026, eclipsing the prior high of 4,269,622 contracts set on September 10, 2026.

Large open interest holders reach all-time high of 1,446

The number of large open interest holders in FX futures hit an all-time high of 1,446, according to the CFTC's Commitment of Traders report dated September 10, 2026.

Asset managers surpass $200 billion in FX futures notional exposure

Asset managers exceeded $200 billion in FX futures notional open interest for the first time, marking a new threshold for buy-side participation in the market.

KuCoin Debuts KCUSD Stablecoin Yield Product With Up to 6% APR

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KuCoin Debuts KCUSD Stablecoin Yield Product With Up to 6% APR

Providenciales, Turks and Caicos Islands – – September 10, 2026 -- KuCoin has launched KCUSD, a new Earn product offering daily yields backed by real-world assets, aiming to convert idle stablecoin balances into productive capital for retail, high-net-worth and institutional users.

KCUSD offers a dynamic base APR of up to 4%, with promotional rates reaching 6%

Users can subscribe with as little as 1 USDT, USDC or USDG, with no subscription fee and same-asset redemption options. Returns are credited daily and automatically compound into users' KCUSD balances without manual reinvestment. Eligible users depositing qualifying new funds during the initial launch period can access a promotional APR of up to 6%.