On May 16, 2025, the SEC’s Division of Corporation Finance issued new and revised Compliance and Disclosure Interpretations (C&DIs) regarding public utility securitizations. These C&DIs were issued following a no-action letter issued to the Securities Industry and Financial Markets Association that clarified certain ambiguities related to Rule 192 under the Securities Act of 1933, the securitization conflicts-of-interest rule.

On May 22, 2025, the Supreme Court issued its opinion in Kousisis v. United States, holding that the government need not prove an intent to cause economic loss, let alone actual economic loss, in order to sustain a conviction for wire fraud under 18 U.S.C. § 1343. 

The District Court for the Northern District of Illinois recently excluded plaintiffs’ experts who failed to specifically identify the allegedly harmful chemical or allegedly harmful dose of that chemical. As a result, the court granted summary judgment for the defendants, Twin Hill Acquisition et. al., and dismissed class action claims brought on behalf of current and former American Airlines (AA) employees.