⚖ Oral Arguments, with Context

The Second Circuit hears Bass versus Pershing. Robert Bass says a one-billion-dollar transfer from Deutsche Bank to his Citi brokerage account in May 2019 was never credited. FINRA arbitrators dismissed his claim, finding his transfer evidence was not genuine. Bass later sued Citi, Pershing, Bank of New York Mellon, and FINRA. This appeal concerns his civil RICO claims, under the federal racketeering law. The district court found the claims late and barred by arbitration, found that Bass had fabricated an email, and dismissed the suit. Representing himself, Bass will challenge the deadline, the arbitration's effect, and the fraud finding. The appellees will contend that he knew of the alleged injury in 2019 and cannot relitigate the same dispute. They invoke res judicata, or claim preclusion: a final decision can prevent parties, or others legally bound by it, from bringing the same claim again.

Bass v. Pershing (No. 26-191) — U.S. Court of Appeals for the Second Circuit, argued September 15, 2026.