Finance, Banking & Insurance

Los Angeles – September 11, 2026 -- DJS Law Group has issued a reminder to investors of a securities class action lawsuit against GPGI, Inc., formerly known as CompoSecure, Inc. (NYSE: GPGI), with a lead plaintiff deadline set for September 11, 2026.

Lawsuit alleges GPGI misled investors over Husky Technologies deal

The complaint alleges GPGI violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, along with SEC Rule 10b-5, by making false and misleading statements to the market. According to the filing, GPGI's acquisition of Husky Technologies Limited was structured to benefit related parties and company insiders rather than shareholders.

Bensalem, Pa. – September 11, 2026 -- Investors who lost money on Wise Group plc (WSE) shares have until September 11, 2026 to seek lead plaintiff status in a securities fraud class action lawsuit, the Law Offices of Howard G. Smith announced.

Lawsuit alleges Wise understated anti-money laundering risks ahead of Nasdaq debut

The complaint covers the class period between September 11, 2026 and September 11, 2026. It alleges that Wise Group and its executives made materially false or misleading statements about the company's business, operations and prospects, and failed to disclose material adverse facts to investors.

Specifically, the suit claims that to secure a successful Nasdaq debut, defendants materially understated regulatory risks tied to deficient anti-money laundering controls and insufficient measures to prevent terrorism financing.

Shanghai – September 10, 2026 -- China Merchants Bank has won the Cloud Native Computing Foundation's (CNCF) End User Case Study Contest after lifting average accelerator utilization from 35% to more than 60% and cutting inference cost per 1 million tokens by over 60%.

Unified control plane pools nearly 10,000 accelerator cards

The bank's AI infrastructure team built a single Kubernetes control plane combining Kueue, KEDA, Prometheus, HAMi, and Fluid, allowing training, fine-tuning, and online inference workloads to share close to 10,000 heterogeneous accelerator cards. Working with its data center and other internal teams, the bank brought 99% of its accelerator compute under this framework.

Jacksonville and Seattle – September 10, 2026 -- EverBank Financial Corp and WaFd, Inc. (NASDAQ: WAFD) have entered into a definitive merger agreement valuing the combination at $3.9 billion, creating a nationwide bank with more than 250 financial centers.

WaFd will absorb EverBank but adopt its name and new ticker EVBK

Under the deal structure, EverBank Financial Corp will merge into WaFd, Inc., with WaFd continuing as the surviving holding company. Despite being the legal survivor, WaFd will rename itself EverBank Financial Corp and begin trading on Nasdaq under the symbol EVBK once the transaction closes. EverBank has been designated the accounting acquirer, and its shareholders will receive WaFd common stock in exchange for their shares.

Singapore – September 10, 2026 -- Lion Group Holding Ltd. (NASDAQ: LGHL) will change the ratio of its American Depositary Shares to Class A ordinary shares, effectively executing a one-for-twenty reverse ADS split on or about September 10, 2026.

Lion resets ADS ratio from 292,500 to 5.85 million shares per ADS

The trading platform operator will move its ADS Ratio from the current one ADS representing 292,500 Class A ordinary shares to one ADS representing 5,850,000 Class A ordinary shares. Par value on the underlying shares remains US$0.0000001. The change affects only the ADS-to-share ratio; no Class A ordinary shares will be issued or cancelled as a result.

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.

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.

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.

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.

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.