The recent civil lawsuit filed by Jane Doe against the Cornell 7—seven Chi Phi fraternity members accused of drugging and assaulting her in October 2024—has reignited scrutiny and prompted the Tompkins County DA to reopen the case for grand jury review. Public outrage over the detailed allegations, including group chat evidence, has created momentum toward charges, yet the DA has noted that the victim’s original 2024 statement described events as voluntary and consensual under New York law, with no prior probable cause found. This tension leaves the market nearly even, as traders weigh the strength of new evidence against the high bar for felony sex crime indictments in such cases. The upcoming grand jury presentation, any fresh investigative findings, and results from the independent review ordered by Governor Hochul could quickly shift sentiment by clarifying whether sufficient proof of non-consent or additional criminal conduct exists.