Case Raises Question Whether Mandatory Federal Rules should Apply Consistently to All Parties, Including Large Financial Institutions, With Implications for Domestic and International Stakeholders

Supreme Court asked to decide whether large financial institutions can bypass mandatory federal deadlines without Rule 6(b) compliance, as a circuit split raises concerns over equal application of procedural law nationwide.

National Implications: Mandatory Deadlines Now Appear Optional. The decision gives the strong appearance that mandatory federal rules do not apply equally when litigants are large, powerful financial institutions such as Citadel, Robinhood, DTCC