Team Grant: Avian Influenza Hub Funding Opportunity

The Canadian Institutes of Health Research has launched a new Team Grant opportunity for an Avian Influenza Coordination and Knowledge Mobilization Hub. The registration deadline is May 28, 2026, and the application deadline is July 14, 2026.

Simulation Framework for Sterling Money Market Funds

The Bank of England has published Staff Working Paper No. 1,177, detailing a simulation framework for sterling money market funds. The paper explores redemption capacity and liquidity requirements, suggesting that removing the 30% weekly liquid asset threshold could improve fund resilience.

Ramsay v. Bondi - Court grants petition to reopen removal proceedings

The Second Circuit Court of Appeals granted John Marcus Ramsay's petition, overturning the BIA's denial of his motion to reopen removal proceedings. The court found the BIA misread Ramsay's arguments and remanded the case for further consideration, also granting his motion to stay removal.

Petersen Energía vs. Argentine Republic - Appeal of Share Expropriation Ruling

The Second Circuit Court of Appeals reversed a district court's $16.1 billion award to minority shareholders in Petersen Energía and Eton Park against the Argentine Republic and YPF S.A. The appellate court found that the shareholders' claims regarding the expropriation of shares were not cognizable under Argentine law.

Rivera-Perez v. Stover - Habeas Corpus Petition and First Step Act Credits

The Second Circuit Court of Appeals vacated a district court's grant of a habeas corpus petition, ruling that First Step Act (FSA) time credits cannot be used to reduce a prisoner's term of supervised release. The court found that the petitioner's case became moot once he was transferred to prerelease custody.

Powell v. Ocwen Fin. Corp. - ERISA Fiduciary Duties

The Second Circuit Court of Appeals partially reversed a district court ruling in Powell v. Ocwen Fin. Corp., finding that mortgages underlying certain residential mortgage-backed securities (RMBS) trust certificates are plan assets under ERISA. The court affirmed that mortgages underlying RMBS notes issued pursuant to indenture agreements are not plan assets.

United States v. Fabian - Drug Conviction Appeal

The Second Circuit Court of Appeals affirmed a drug conviction for Rafael Antonio Fabian but vacated the imposition of standard conditions of supervised release. The court remanded the case for the district court to address these conditions, as the defendant was not made aware of them during sentencing.

Knapp v. Barclays - Securities Act of 1933 Claims

The Second Circuit affirmed a lower court's dismissal of claims against Barclays related to exchange-traded notes (ETNs). The court ruled that a reverse split of ETNs did not constitute a 'sale' under the Securities Act of 1933, and investors failed to trace their post-split ETNs to a specific registration statement, thus barring claims under Sections 11 and 12 of the Act.

Parker v. Alexander - NY State Law Preemption of NYC Law

The Second Circuit Court of Appeals has certified a question to the New York Court of Appeals regarding whether New York State laws (Child Victims Act and Adult Survivors Act) preempt a New York City law (Victims of Gender-Motivated Violence Protection Law) that establishes a two-year revival window for civil claims. This decision stems from a case where a plaintiff attempted to use the city law's revival window for previously time-barred claims.

Leadenhall Capital Partners LLP v. Advantage Capital Holdings - Preliminary Injunction Appeal

The Second Circuit Court of Appeals vacated a preliminary injunction freezing the assets of guarantors in a debt collection case. The court found that the plaintiffs failed to demonstrate a lien or equitable interest in the guarantors' assets, citing the Supreme Court's decision in Grupo Mexicano De Desarrollo, S.A. v. Alliance Bond Fund, Inc.