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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

These deals help banks meet capital requirements more efficiently, allowing them to keep lucrative businesses that would otherwise become unprofitable. Investors in these deals include lightly-regulated entities like hedge funds, shifting risk to the shadow banking sector. Credit risk transfer is another tool for them to pursue after the Fed’s clarification on what is allowed, said Cory Wishengrad, head of fixed income at Guggenheim Securities. That means Merchants sold the riskiest tranche of the loan portfolio, maximizing the capital relief it could get on it. Whether U.S. regulators will allow such insurance deals to qualify for capital relief is still untested, Staudinger said.

Persons: Morgan Stanley, Blackstone, Jill Cetina, Jon, Claude Zucconi, Zucconi, Michael Barr, Barr, Banks, Missy Dolski, Sam Graziano, Graziano, Cory Wishengrad, Jed Miller, Taft, Morgan Stanley's, Morgan, Deborah Staudinger, Hogan Lovells, Staudinger, Shankar Ramakrishnan, Paritosh Bansal, Nick Zieminski Organizations: Blackstone Group, JPMorgan Chase, Merchants Bank of Indiana, US Bancorp, Investors, JPMorgan, Merchants Bank, Federal Reserve, Varde Partners, Financial, Guggenheim Securities, U.S . Bank, Fed, Reuters, Merchants, Thomson Locations: U.S, Wickersham, Europe, Indiana

[1/2] Lawyer David Boies gestures as he walks out of the Southern District of New York court, New York, U.S., July 15, 2019. Boies' tenure as chairman of Boies Schiller Flexner ends December 2024, a firm spokesperson said on Friday. Boies Schiller has lost nearly half of its lawyers over the last three years. Another who briefly held the role, Natasha Harrison, left Boies Schiller last year to found her own firm. Boies Schiller is now managed by a trio of managing partners, who praised Boies' leadership in a statement on Friday.

Persons: David Boies, Andrew Kelly, Harvey Weinstein, Boies, Boies Schiller Flexner, Boies Schiller, Nicholas Gravante, Cadwalader, Taft, Natasha Harrison, David, Matthew Schwartz, Sigrid McCawley, Alan Vickery, Al Gore, George W, Bush, Weinstein, David Thomas, David Bario, Marguerita Choy Organizations: Southern, of, REUTERS, Microsoft, U.S, Supreme, Thomson Locations: of New York, New York, U.S, Hollywood, Wickersham

☆ SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

WeWork had office space available at 777 locations worldwide as of the end of June. In a filing with the New Jersey bankruptcy court, WeWork listed assets of $15.06 billion and liabilities of $18.66 billion as of June 30. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."

Persons: WeWork, SoftBank, Cadwalader, Taft, Kate Munsch, Adam Neumann, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur, Rashmi Aich, Jamie Freed, Edmund Klamann Organizations: SoftBank, New, REUTERS, JPMorgan Chase, Intelsat, Thomson Locations: Canada, New Jersey, Wickersham, San Francisco , California, U.S, WeWork, SoftBank, Tokyo, New York, Bengaluru

☆ SoftBank's WeWork, once most valuable U.S. startup, succumbs to bankruptcy
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +4 min

Profitability has remained elusive, as WeWork grapples with its expensive leases and corporate clients cancelling because some employees work from home. In a filing with the New Jersey bankruptcy court, WeWork listed estimated assets and liabilities in the range of $10 billon to $50 billion. Under its founder Adam Neumann, WeWork grew to be the most valuable U.S. startup worth $47 billion. WeWork engaged in debt restructurings, yet this was not enough to stave off its bankruptcy. Shortly before WeWork filed for bankruptcy, Neumann said in a statement, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully."

Persons: Kate Munsch, WeWork, Cadwalader, Taft, Adam Neumann, SoftBank, Sandeep Mathrani, Mathrani, David Tolley, Neumann, Greg Roumeliotis, Mrinmay Dey, Arun Koyyur Organizations: REUTERS, SoftBank, New, JPMorgan Chase, Intelsat, Thomson Locations: San Francisco , California, U.S, Canada, New Jersey, Wickersham, WeWork, New York, Bengaluru

☆ Explainer: Why WeWork failed, and what is next
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. WeWork was once the most valuable U.S. startup, worth $47 billion. The following explains WeWork's meteoric rise and fall that reshaped the office sector globally:What is WeWork? Just before WeWork filed for bankruptcy this week, Neumann said, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully." WeWork first tried to launch an IPO with Neumann as chief executive in 2019, with its parent, We Company, spending months preparing for the public offering.

Persons: Shannon Stapleton, WeWork, Adam Neumann, Rebekah Neumann, Miguel McKelvey, freewheeling, Neumann, Steve Clayton, Hargreaves Lansdown, Masayoshi Son, Oscar, Jared Leto, Anne Hathaway, Rebekah, Clayton, WeWork's, Cadwalader, Taft, Sam Stovall, SoftBank, Kannaki Deka, Susan Mathew, Anil D'Silva Organizations: REUTERS, Banks, JPMorgan Chase, Company, CFRA Research, Titanic, Thomson Locations: Queens, New York City, U.S, freewheeling Israel, Wickersham, Bengaluru

☆ Donald Trump Expands Defense Team for Hush-Money Case
▼ + stars: | 2023-04-03 | by ( Corinne Ramey | Alex Leary | ) www.wsj.com time to read: 1 min

Donald Trump has hired an experienced white-collar defense attorney to boost the legal team that will defend him from criminal charges in New York, his campaign said, on the eve of the former president’s surrender and first appearance in court. The new addition, Todd Blanche, who had been a partner at firm Cadwalader, Wickersham & Taft LLP, has experience representing defendants in Mr. Trump’s orbit, including former Trump campaign chairman Paul Manafort and Igor Fruman , a key figure in the first impeachment inquiry into the former president.

LONDON, March 31 (Reuters) - A member of a United Nations-backed coalition of insurance firms and pension funds seeking to tackle climate change told Reuters it was considering quitting after disagreements about curbing investment in the oil and gas sector split the group. The row is the latest in a string of policy splits among major climate coalitions of financial firms. AkademikerPension wanted the position paper to state that NZAOA members should only invest in public equities or corporate bonds when the companies involved are no longer investing in exploration for new oil and gas. German insurer Munich Re (MUVGn.DE) said earlier on Friday it was withdrawing from another alliance of insurers focused on reducing carbon emissions to avoid antitrust risks. "I think it's going to be extremely difficult for a plaintiff, even a government enforcer, to prevail on an antitrust theory of harm," said Mitnick.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

☆ Trump Org is battling prosecutors over 3 little words that could swing the New York tax-fraud trial
▼ + stars: | 2022-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

It's not enough, they'll be told, for Trump Org executives to get caught selfishly stuffing their pockets. Prosecutors, meanwhile, find the three words so worrisome, they asked the judge — unsuccessfully — to strike them from the case entirely. In defense of their love or hate of the three words, the sides have cited a gamut of arcane case law and other source material. Holtzman — who, as a US Congresswoman, voted to impeach Richard Nixon — is the author of "The Case For Impeaching Trump." Much of the case law being cited, the judge said, was not quite on point, including the bilge and thermometer decisions.

☆ Kanye West is no longer working with the white-shoe lawyers who helped him break his deal with the Gap. Here's what they have to say.
▼ + stars: | 2022-10-26 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

Now his lawyers at Cadwalader and Brown Rudnick appear to be distancing themselves. Now, even lawyers that have prided themselves on representing controversial clients appear to be doing the same. A Brown Rudnick spokesman didn't immediately respond to a request for comment on the TMZ report. Ekwan Rhow, a principal at the law firm Bird Marella, previously referred to himself as a "personal adviser" to West in his online biography, an archived version shows. Gravante made a similar comment to the Cadwalader spokesman when asked for comment about the "Love Lockdown" singer.

☆ An antitrust battle over GIFs could be a wake-up call for Silicon Valley
▼ + stars: | 2022-10-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

But a long-running legal battle over who can control access to them, culminating this week in a rare defeat for Meta (META), the parent of Facebook, could have major ramifications for Big Tech regulation. On Tuesday, UK regulators forced Meta to unwind its 2020 purchase of Giphy, one of the largest searchable internet libraries of GIFs. “The Citadel may have been breached,” said Joel Mitnick, an antitrust attorney at the law firm Cadwalader, Wickersham & Taft. The company said this week that it will continue to explore acquisitions despite the UK ruling. And US courts don’t typically take foreign antitrust rulings into account; their job is to interpret US law.

☆ Kanye West pulls an Elon Musk, sends Gap a letter terminating Yeezy deal
▼ + stars: | 2022-09-15 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

The letter, which was viewed by Insider, said that Gap will still be able to sell current Yeezy Gap clothing. Ye's lawyer, Nicholas Gravante Jr. of Cadwalader Wickersham & Taft, told Insider that Gap "left him no choice but to terminate their agreement." Ye is arguing that Gap failed to make his Yeezy merchandise available in Gap's brick and mortar stores by an agreed-upon deadline, and that the company never opened dedicated Yeezy Gap stores. In 2020, Ye told Forbes Musk had offered to support him in his attempt to run for president. Earlier this week, the artist said on Instagram that he wants to open his own Yeezy stores starting in Atlanta, Georgia.

☆ Kanye West says he’s terminating his partnership with the Gap
▼ + stars: | 2022-09-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

“We wanted to address the headlines of today and the past several weeks related to Yeezy Gap. And we are deciding to wind down the partnership,” Mark Breitbard, president and CEO of Gap Brand, said in the email. As it now moves to wind down the partnership, Gap said existing merchandise from Yeezy Gap will continue to be sold in the company’s stores and its website. West also said that Gap was required to sell 40% of Yeezy Gap products in its retail stores, which hasn’t materialized, according to The Wall Street Journal. “While Kanye could have injected a dose of energy into Gap, the incompatibility of the two visions meant that frustrations were inevitable.

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