Canadian Securities Regulators Report on CIRO, CIPF Oversight

The Canadian Securities Administrators published CSA Staff Notice 25-315 summarizing oversight activities for the Canadian Investment Regulatory Organization (CIRO) and Canadian Investor Protection Fund (CIPF) during 2025. The CSA reviewed CIRO initiatives including rules consolidation, registration functions, fee model amendments, proficiency requirements, and response to the August 2025 cybersecurity breach. For CIPF, the CSA monitored integration of protection funds and assessed investment policy alignment.

Prediction Markets: CSA and CIRO Remind Industry of Current Rules

The Canadian Securities Administrators (CSA) and Canadian Investment Regulatory Organization (CIRO) issued a joint reminder that prediction markets and event contracts are subject to existing securities and derivatives laws. Anyone facilitating trading in event contracts that are securities or derivatives must comply with registration or recognition requirements. Two CIRO members currently have authorization to facilitate Canadian client access to event contracts on foreign prediction markets, subject to terms and conditions.

GSA Seeks Innovative Solutions for SmartPay Program

GSA issued a Request for Information (RFI) seeking private sector feedback to inform the acquisition strategy for the next generation of the GSA SmartPay Program, the world's largest government charge card program. The RFI targets innovative features, enhanced security, and advanced business intelligence to improve upon the current program that processed $39.4 billion in FY2025 transactions. Responses are due June 19, 2026.

GSA Reverses Anthropic Removal Following Court Injunction

The General Services Administration issued a statement on April 3, 2026, reversing its February 27, 2026 decision to remove Anthropic from USAi.gov and the Multiple Award Schedule. GSA is restoring Anthropic technology to pre-February 27, 2026 status following a preliminary injunction from the U.S. District Court for the Northern District of California.

State v. Zongker - Jail Credit Statutory Interpretation

The Kansas Supreme Court declined the State's request to overrule State v. Ervin, 320 Kan. 287 (2025), which held that a jail credit statute requires credit for all time spent incarcerated regardless of whether some time was credited against another sentence. The court rejected arguments that Ervin produced absurd results, conflicted with other statutes, or misread legislative intent. The sentence was vacated in part and the case remanded.

Sprague v Sprague - Settlement Agreement Enforcement

The Iowa Supreme Court reversed the Court of Appeals decision in Sprague v Sprague, a marital dissolution case involving settlement agreement enforcement. The court reversed and remanded for ancillary trial on whether the parties reached a binding settlement, finding the district court's enforcement order unsupported by substantial evidence due to lack of an evidentiary record from the settlement conference. Lanora Sprague's request for appellate attorney fees was denied.

Sprague v. Sprague - Divorce Settlement Enforcement Appeal

The Iowa Supreme Court vacated the court of appeals decision and affirmed the district court's order enforcing a settlement agreement in the divorce modification proceedings between Johnathon and Lanora Sprague. The court ruled the appellant failed to create a sufficient trial record, preventing appellate review of the enforcement issue.

McQuillen v. West Side Transport - Personal Injury $26M Verdict Appeal

The Iowa Supreme Court issued an opinion in McQuillen v. West Side Transport, Inc., Case No. 24-1669, addressing an appeal of a $26 million compensatory damages verdict awarded to Matthew and Elizabeth McQuillen as co-guardians of their daughter Margaret McQuillen, who was injured in a collision with a semitrailer. West Side Transport and driver Clifford Charles Takes appealed on three grounds: alleged attorney misconduct regarding a rebuttal witness, jury instructions on negligence specifications, and exclusion of net present value discussions. The McQuillens filed a motion to dismiss the appeal, indicating the parties have settled.

McQuillen v. West Side Transport - Personal Injury Appeal Affirmed

The Iowa Supreme Court denied an appeal by West Side Transport and driver Clifford Takes, affirming a $26.1 million jury verdict in favor of Margaret McQuillen, who suffered severe traumatic brain injuries in a 2020 Highway 151 collision with a semitrailer. The court found no abuse of discretion in the district court's handling of closing arguments. The jury had assigned 73% fault to the defendants and 27% to Margaret.

Iowa ex rel. IDOT v. Honey Creek Drainage District - Statutory Interpretation

Iowa Supreme Court issued an opinion in Case No. 24-1701 affirming in part and reversing in part the district court's summary judgment ruling in a dispute between the Iowa Department of Transportation and multiple drainage districts. The case involves statutory interpretation of Iowa Code section 307.45 regarding drainage district reclassification reports and whether special statutes (sections 468.38–.50) take precedence over general statutes. The court addressed jurisdictional issues and the proper standard for evaluating reclassification reports.