( September 10, 2026, 4:21 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel vacated a lower court’s dismissal of a securities fraud class action against a failed bank’s officers and auditor, finding that after the bank’s collapse, the succession clause of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) did not transfer the securities fraud claims from investors to the Federal Deposit Insurance Corp. as receiver for the bank....