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Carlyle Group Inc. co-founder David Rubenstein has reached an agreement to buy the Baltimore Orioles for $1.725 billion, according to a person with knowledge of the deal. The person spoke to The Associated Press on condition of anonymity Tuesday night because the agreement had not been announced. Rubenstein, a Baltimore native, will take over as the team's controlling owner, and he's assembled an investment team that includes Ares co-founder Michael Arougheti. The Angelos family has been in control of the Orioles since 1993, when Peter Angelos purchased the team for $173 million. The team recently reached a deal on a new lease extension at Camden Yards.

Persons: David Rubenstein, Rubenstein, he's, Michael Arougheti, Angelos, Peter Angelos, John, Carlyle, Jimmy Carter Organizations: Group Inc, Baltimore Orioles, Associated Press, Orioles, Camden, Duke, University of Chicago Law School Locations: Baltimore, Camden Yards . Maryland, Washington

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

☆ Supreme Court ethics concerns aren't going away
▼ + stars: | 2023-09-27 | by ( Andrew Chung | ) www.reuters.com time to read: +5 min

The ethics concerns are not going away, according to legal experts, even as the court in its new term takes up cases that could further expand gun rights and curtail the regulatory authority of federal agencies. Some conservatives view the ethics narrative involving the court as cooked up by liberals upset at its rightward leanings. Supreme Court justices decide for themselves whether to disqualify themselves from cases due to a conflict of interest. Thomas, Alito and lawyers involved in the two cases did not respond to requests for comment. The lack of an ethics code, Fogel added, "will continue to fuel doubts, fairly or unfairly, about the court's integrity."

Persons: Clarence Thomas, Samuel Alito, Jeremy Fogel, drumbeat, John Malcolm, Malcolm, Thomas, Harlan Crow, ProPublica, Koch, Alito, Paul Singer, Singer's, Neil Gorsuch, Sonia Sotomayor, Geoffrey Stone, Fogel, Andrew Chung, John Kruzel, Will Dunham 私たち Organizations: U.S, Supreme, hobnobbing, Judicial, University of California, Berkeley School of Law, Reuters, Heritage Foundation, Singer, Singer's Elliott Investment Management, Windstream, University of Chicago Law Locations: U.S, Texas, Alaska, Chicago, New York, Washington

Summary A relatively small number of law schools dominate federal clerkships(Reuters) - A quarter of Stanford Law School’s 2022 graduates landed federal clerkships—the highest percentage among all U.S. law schools, according to new data from the American Bar Association. The University of Notre Dame Law School and the University of Virginia School of Law round out the top five with 15% and nearly 13% of 2022 graduates in federal clerkships. The latest ABA data shows that just 3% of the 36,078 law graduates in 2022 are clerking for federal judges. Some federal judges hire law students for clerkships that won't begin for a year or two, allowing them to gain experience first. Read more:These law schools aced the job market in 2022Large U.S. law firms love hiring from these schoolsOur Standards: The Thomson Reuters Trust Principles.

☆ Who are Larry Kramer and Andreas Paepcke — the two people who paid part of Sam Bankman-Fried's bail?
▼ + stars: | 2023-02-19 | by ( Sarah Jackson | Lakshmi Varanasi | ) www.businessinsider.com time to read: +8 min

They are Larry Kramer and Andreas Paepcke, both of whom have ties to Stanford, where SBF's parents work. On Wednesday, unsealed court records identified the FTX founder's bail guarantors as Larry Kramer, a former dean of Stanford Law School, and Andreas Paepcke, a senior research scientist at Stanford. A screenshot of Larry Kramer's bio on a Stanford Law School web page shows that he's emeritus dean of the institution. from the University of Chicago Law School in 1984, according to his Stanford Law bio page. On his personal page, Paepcke listed hobbies including "piano studies and simple composition, worrying, and poetry."

☆ The case to block Biden's student-loan forgiveness keeps getting weaker, legal experts say
▼ + stars: | 2023-01-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Some legal experts say the lawsuit's standing is questionable due to MOHELA's involvement. The latter case has had some legal experts particularly confounded due to the central role MOHELA has taken in the case. "There's no threat that Missouri may suffer harm to the Lewis and Clark fund when the Lewis and Clark fund hasn't been paid into for over a decade," Nahmias said. Even two law professors who believe Biden's plan to cancel student debt broadly is illegal aren't convinced by the states' lawsuit. "On one hand, when the state created MOHELA over 40 years ago, it made clear that MOHELA is separate," Nahmias said.

☆ Why 2 law professors who think Biden's student-loan forgiveness is illegal believe the GOP-led states that blocked the debt relief 'utterly lack standing'
▼ + stars: | 2023-01-15 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Two law professors filed an amicus brief to SCOTUS regarding Biden's student-debt relief. They said they don't think the relief is legal, but the six GOP-led states who sued do not have standing. The states cannot use student-loan company MOHELA in this case, the professors said. The states "utterly lack standing for the remedy they received"Bray and Baude's central argument is that Missouri should not be bringing this lawsuit. If MOHELA will suffer revenue loss from loans it would have serviced prior to debt relief, then MOHELA is the entity that should be suing, they said.

☆ Biden's student loan forgiveness plan is 'unlawful,' two professors say, but legal challenges carry 'dangerous implications'
▼ + stars: | 2023-01-12 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Although they call President Joe Biden's student loan forgiveness plan "unlawful," two university law professors are urging the Supreme Court to reject the legal challenges that have been brought against it. The Supreme Court has agreed to hear two of those legal challenges. The law professors say it's supposed to be the party most affected by a policy that challenges it in the courts. But the law professors say that, in that case, MOHELA should have brought the legal challenge, not the states. "Missouri is not the proper party to pursue relief for MOHELA's lost loan servicing fees," Baude and Bray wrote.

☆ Do Humans Owe Animals Equal Rights? Martha Nussbaum Thinks So.
▼ + stars: | 2022-12-05 | by ( David Marchese | ) www.nytimes.com time to read: +15 min

Photo illustration by Bráulio Amado Talk Do Humans Owe Animals Equal Rights? But does it then follow that we think of animals’ lives as being equal in value to humans’? That would lead to redoubling our efforts to make sure animals don’t perish in the future. Just think: Women are often raped, and that has been so all throughout human history. Now, as an incrementalist I want to be cautious here because I don’t think that predatory animals are doing anything wrong.

Black voters in Louisiana are confused. Louisiana House of RepresentativesIn an unusual twist, Jordan initiated a campaign last summer for an amendment he authored to fail. Jordan was fine with the amendment not passing, even though many Black voters disagreed. The Louisiana State Penitentiary, nicknamed Angola. “I have to believe that every person of color in Louisiana would vote to have that removed from Louisiana’s Constitution.

☆ Inside the 'Wild West' of law-school recruiting that has Big Law reeling in talent earlier and more aggressively than ever
▼ + stars: | 2022-08-22 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Law schools bemoan the trend, but more and more of them allow it, such as Harvard and NYU this year. The nation's biggest and most powerful law firms have always sought to hire the best and brightest students from top law schools. Some schools have threatened to ban law firms from participating in OCI if they engage in pre-OCI recruiting. This year, law schools at both Harvard and NYU even unveiled formal early-interview programs. Last year, they made 1,771 such offers, amounting to 18% of the offers made by law firms that engaged in the practice.

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