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☆ Landlords Use a Popular Software Tool to Jack up Apartment, Home Rents
▼ + stars: | 2024-04-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

Rents soared thanks to a shortage of apartment units, remote workers' desire for more space, and a daunting for-sale market that kept many renters stuck in place. Without RealPage, the plaintiffs argue, landlords would be hesitant to jack up rents; instead, they'd focus on keeping their buildings full. In short, the lawsuits that started with apartment rents could one day change how we pay for everything. By turning over pricing to the algorithm, plaintiffs say, RealPage's clients are encouraged to push rents higher than if they'd left the decisions up to humans. The RealPage cases are about far more than apartment rents.

Persons: RealPage, Kris Mayes, they'll, they'd, —, Zillow, there's, Marie Claire Tran, Leung, Tran, Matt Damon, Maureen Ohlhausen, Bob, Ohlhausen, Ed Rogers, Ballard Spahr, Jeffery Cross, Smith Gambrell Russell, didn't, it'll Organizations: Revenue Management, ProPublica, National Housing Law, FBI, RealPage, Department, Federal Trade Commission, Politico, Washington, Justice Department, FTC Locations: Texas, you've, Phoenix, Tucson, Washington, DC, RealPage, Arizona, Tennessee

☆ Inside the Fight Over Software That Tells Landlords to Hike Your Rent
▼ + stars: | 2024-04-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

☆ Trump's lawyers are hunting for the identities of secret consultants who approved Russiagate Pulitzer Prizes
▼ + stars: | 2024-03-07 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +15 min

AdvertisementIn an overlooked lawsuit, Donald Trump's lawyers are exhibiting a habit from his White House days: Hunting for anonymous sources. At each turn, a lawyer for the Pulitzer Board members stopped their clients from answering. The journalists whom Trump's lawyers deposed did, however, offer some characterization of the "consultants" who conducted the reviews. The Pulitzer Prize Board is hosted by Columbia University, in Manhattan, which manages the small organization's payroll and offers institutional support. Chad Bowman, a Ballard Spahr attorney representing the Pulitzer board members, directed Business Insider to court filings.

Persons: Donald Trump, —, Donald Trump's, Trump, Pulitzer, Robert Mueller, Quincy Bird, Katherine Boo, Boo, Chad R, Bowman, Ballard Spahr, don't, Marjorie Miller, Miller, Weber, Crabb, Wein, Neil Brown, David Remnick, Nicole Carroll, Lee Bollinger, Kevin Merida, Viet Thanh Nguyen, Lee C, Bollinger, David Ake Trump's, Gail Collins, John Daniszewski, Bird, Daniszewski, Dana Canady, doesn't, Bebeto Matthews, Collins, we've, John Durham, Hillary Clinton, James Comey, Brown, Chad Bowman, Ballard, Evan Vucci Trump, Christopher Steele, Jeff Gerth's, Gerth, You've Organizations: Service, Business, The New York Times, Washington Post, American, The Washington Post, Pulitzer, Times, Post, PAC Trump, Columbia University, Mar, Poynter Institute for Media Studies, Tampa Bay Times, New Yorker, Los Angeles Times, Associated Press, Global Enterprise, New, AP, Katherine Boo , New York Times, Trump, Republican, Columbia Locations: Russia, Chad, Manhattan, Florida, USA, New York City, Mar, Katherine Boo ,, New York, Palm Beach , Florida, United States, Washington, DC

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

☆ One of Wall Street's favorite ways to control workers is under attack
▼ + stars: | 2024-02-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

One of Wall Street's favorite employee leverage tactics — non-compete agreements — is facing a major threat, and there could be far-reaching implications for how the financial industry does business. But it's also clear that Wall Street firms are under particular attention for the practice. With major Wall Street firms already having among the most unpopular back-to-work policies in the market, "Wall Street is already in a position where they are recognizing they don't have all the hands they had before," Chamberlin said. Shore recommends Wall Street firms undertake a thorough competitive analysis at every level in every department to ensure they are market competitive. Even if the FTC rule goes through, Wall Street firms still have options to protect their business.

Persons: Charles Scharf, Wells, Brian Thomas Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Ronald O’Hanley, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, James Gorman, Morgan Stanley, General Mills, —, Wall, it's, Kathy Hochul, that's, Covid, Laurie Chamberlin, Chamberlin, Lina Khan's, Khan, It's, David Fisher, Gilbert, Fisher, Juan A, Crowell, Arteaga, Paul Webster, Matt Shore, Kareem Bakr, Webster, Leslie John, Ballard Spahr, John Organizations: Company, Bank of America, JPMorgan, Citigroup, BNY, Google, Apple, Pfizer, Exxon Mobil, General Electric, Procter, Gamble, Nike, Economic, Institute, Federal Trade Commission, North America, American College of Emergency Physicians, Davis, FTC, Supreme, Industry, Moring, Wall, Phaidon International, Wall Street Locations: Wells Fargo, Hart, Washington ,, New York, . California, U.S, Gilbert . Massachusetts, Oregon, Washington, Massachusetts

NASHVILLE, Tenn. (AP) — A Tennessee city must pay $500,000 as part of a settlement with the American Civil Liberties Union and other groups over an ordinance designed to ban drag performances from taking place on public property, attorneys announced Wednesday. Eventually, a federal judge temporarily blocked Murfreesboro from enforcing the ordinance while the lawsuit proceeded. Photos You Should See View All 15 ImagesOn Wednesday, the ACLU announced the case had reached a settlement. Under the agreement, the city not only agreed to pay $500,000 but also to repeal the ordinance and process any upcoming event permit applications submitted by TEP. “The government has no right to censor LGBTQ+ people and expression," said attorneys for the ACLU, ACLU of Tennessee, Ballard Spahr, and Burr & Forman in a joint statement.

Persons: —, ” TEP, TEP, Ballard Spahr, Burr, Forman Organizations: —, American Civil Liberties Union, Murfreesboro, ACLU Locations: Tenn, Tennessee, Murfreesboro, Nashville

☆ What to know about the 14th Amendment Trump disqualification trial in Colorado
▼ + stars: | 2023-10-29 | by ( Marshall Cohen | ) edition.cnn.com time to read: +7 min

The challengers have scored a series of pretrial victories, defying expectations by defeating several motions by Trump and the Colorado GOP to throw out the case. They want a court order blocking Griswold from putting Trump’s name on Colorado’s GOP primary ballot and the general election ballot. • Does Griswold have the power under Colorado law to exclude a candidate from the ballot based on federal constitutional considerations? And President Trump never advocated for or incited violence on January 6, 2021.”Why is this happening now? She graduated from the University of Colorado Law School in 1999.

Persons: “, Donald Trump, Trump, ” “, We’ve, ”, Derek Muller, “ It’s, it’s, ” Muller, United States …, State Jena Griswold, Griswold, hasn’t, Sarah Wallace, Wallace, Norma Anderson, rioter, Jared Polis, Ballard Spahr Organizations: Republican, Colorado, Colorado GOP, Court, Notre Dame Law School, Confederates, United, State, GOP, Democrat, Trump, Colorado House, Capitol, Colorado Gov, University of Colorado Law School Locations: Denver, Washington, Colorado, insurrectionists, United States, “ Colorado, Minnesota, Michigan, New Mexico

Legal experts say that if California wins, it could embolden other states to take action against lenders that make high-interest loans to low-income borrowers using what critics call "rent a bank" partnerships. Several nonbank lenders have already exited California, said Saunders, whose group tracks high-interest lenders. In California, OppFi took the unusual step of preemptively suing to try to block the state from taking action. Federal law allows state-chartered banks to lend across state lines at the interest rate legal in their home state. California has urged Dillon to recognize that OppFi decides who to lend to and has a deal with the bank to purchase the loans.

Persons: Lee Jae, Timothy Dillon, Lauren Saunders, California's, OppFi, Saunders, Dillon, Allard Chu, That's, Ron Vaske, Ballard Spahr, Jody Godoy, Andy Sullivan Organizations: REUTERS, California Department of Financial Protection, Los Angeles Superior, California, Federal Reserve, National Consumer Law Center, EasyPay Finance, FinWise Bank, FinWise, Thomson Locations: Seoul, California, Chicago, Utah, U.S, In California, Colorado, New York

☆ Trump probably won't win his $50 million lawsuit against Bob Woodward with experts saying the suit 'turns the First Amendment on its head'
▼ + stars: | 2023-02-02 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +9 min

Former President Trump claims he owns the audio rights to interviews conducted by Bob Woodward. But legal experts say it's unlikely a court will agree with Trump, who claims he's owed $50 million. "The case centers on Mr. Woodward's systematic usurpation, manipulation, and exploitation of audio of [former] President Trump," states the complaint, filed with a federal court in Florida. The audiobook didn't go on sale for another two years — after, Woodward says, he decided its release served the public interest. "Filing a lawsuit over publishing those interviews turns the First Amendment on its head."

☆ Sam Bankman-Fried said it's 'not who I am' to shun the press. But legal experts say his recent interviews could come back to haunt him.
▼ + stars: | 2022-12-02 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +5 min

In new media appearances, Sam Bankman-Fried openly mused about his culpability in FTX's crash. Bankman-Fried told Sorkin at one point that "I didn't knowingly commingle funds," between FTX and his other company, the hedge fund Alameda Research. "Like, I wasn't spending any time or effort trying to manage risk on FTX," he told the "Good Morning America" anchor. Greg Joseph and Stanford Law professor David Mills, who Semafor reported last month represent Bankman-Fried, didn't respond to Insider's email for comment Thursday evening. Representatives for FTX did not respond to a request for comment, and Bankman-Fried did not respond to a Twitter DM seeking comment.

☆ A court just ruled that CFPB's funding is unconstitutional, and that could be 'catastrophic' for mortgage markets
▼ + stars: | 2022-10-28 | by ( Stephanie Dhue | ) www.cnbc.com time to read: +6 min

Mortgage rules at riskIf the agency's legal authority is undermined, it could have a profound affect on home lending markets — an industry that's prone to disruption when laws are murky, especially as interest rates rise. That extended the potential damages to the Wall Street banks as well as mortgage investors Fannie Mae and Freddie Mac. Appeal likelyIf the Fifth Circuit decision is upheld, it could call into question those long-standing mortgage rules. "The loss of the CFPB mortgage regulations and the effect on the market would catastrophic," said Andreano. "Potential changes in how the CFPB are funded aren't likely to have an immediate effect on the mortgage market."

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