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Two heirs of Birkenstock are now worth $3.4 billion after the company's IPO, Bloomberg reported. Birkenstock listed in New York on Wednesday, but shares opened at 11% below their offer price. AdvertisementAdvertisementTwo of the heirs of German sandal maker Birkenstock are now worth a combined $3.4 billion after the company went public, Bloomberg reported. The nearly 250-year-old company listed on the New York Stock Exchange via an IPO, trading under the ticker "BIRK" and pushing up the fortunes of Alex and Christian Birkenstock. The brothers netted more than €3 billion ($3.2 billion) from that transaction, Bloomberg reported.
Persons: Birkenstock, , Alex, Christian Birkenstock, Christian, Stephan, Karl Birkenstock, Alex Birkenstock, Bernard, Alexandre Arnault, Charles Dolan, Kendall Jenner, Barbie, boomers, Xers, Gen Zers, Greta Gerwig's, Emma Chamberlain Organizations: Bloomberg, Service, New York Stock Exchange, Warner Bros Locations: New York, Germany, Americas, Europe ., Boston, Barbieland
Lawyers representing Trump keep getting sanctioned by courts. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Insider identified 17 lawyers who have been personally sanctioned because of their work for Trump. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign. He was part of Trump's "Elite Strike Force" of lawyers trying to convince judges to cancel votes and have Trump declared the victor.
Lawyers representing Trump keep getting sanctioned by courts. Sixteen different lawyers have been sanctioned over failed lawsuits brought on the former president's behalf. Many of Trump's lawyers, even if they are not sanctioned, end up needing lawyers of their own to ward off the worst consequences. Still, as many 16 lawyers have been personally sanctioned because of their work for Trump, and Insider has compiled a list. The least successful, however, was a sprawling lawsuit Trump filed against Hillary Clinton, the Democratic National Committee, and several other figures linked to Clinton's 2016 presidential campaign.
CNN —All eyes are on former President Donald Trump, whose third White House bid has already become mired in controversy. The Justice Department investigation continues into whether documents from the Trump White House were illegally mishandled when they were brought to Mar-a-Lago in Florida after he left office. Any unauthorized retention or destruction of White House documents could violate a criminal law that prohibits the removal or destruction of official government records, legal experts told CNN. During the panel’s hearings this summer, fingers were pointed at GOP lawmakers and Trump allies who tried to help overturn the election and Trump White House officials who failed to stop the former president’s actions. Recently, DOJ moved to compel additional testimony from former White House counsel Pat Cipollone and deputy White House counsel Patrick Philbin.
A group of Trump lawyers was fined over a failed case alleging a vast pro-Clinton conspiracy. The judge called it a "deliberate use of the judicial system to pursue a political agenda." On Friday, Judge Donald Middlebrooks slammed the failed case, describing it as "a deliberate use of the judicial system to pursue a political agenda." In particular, Trump's lawyers accused Dolan of being the source of the dossier's infamous claims of an encounter between Trump and prostitutes in a Moscow hotel. But the case failed to establish this, and made several basic errors in the process, Middlebrook said.
A federal judge sanctioned attorneys for former President Donald Trump on Thursday as penalty for advancing a "frivolous" lawsuit against a raft of Trump's political enemies, including Hillary Clinton and the Democratic National Committee. "Additional sanctions may be appropriate," the judge noted, after suggesting the lawyers' behavior may require the "attention of the Bar and disciplinary authorities." The sanctions — which require Trump's lawyers to pay $50,000 and compensate a defense attorney's legal fees — came two months after Middlebrooks had tossed out the suit, describing it as a "two-hundred-page political manifesto." "Thirty-one individuals and organizations were summoned to court, forced to hire lawyers to defend against frivolous claims. The judge included an excerpt of Habba's from that Sept. 10 interview, when she slammed Middlebrooks as a "Clinton judge" who "basically ignored every factual basis" for the lawsuit.
Prosecutors alleged Danchenko provided false information to the FBI in 2017 when the agency was trying to verify information in a dossier detailing Trump’s alleged ties to Russia that was compiled by former British spy Christopher Steele. The largely unsubstantiated dossier was used by the FBI to support its surveillance of former Trump campaign aide Carter Page. Millian has denied being a source of information for the dossier. When asked by the FBI whether he had talked to Dolan for the information, Danchenko said he had not. Trump had called the dossier fake news and evidence of a political witch hunt against him.
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