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☆ Robinhood defeats investors' appeal over meme stock frenzy
▼ + stars: | 2023-08-10 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

REUTERS/Andrew Kelly/File PhotoAug 10 (Reuters) - Robinhood Markets (HOOD.O) on Thursday defeated an appeal by investors over the stock trading platform's decision to restrict purchases of 13 "meme stocks" during a January 2021 frenzy that squeezed hedge funds. "When Robinhood restricted its customers' ability to buy meme stocks, it took a sizable - and perhaps justifiable - hit in the court of public opinion," Circuit Judge Britt Grant wrote. "But in this court, Robinhood is only accountable for specific legal duties." The meme stock frenzy has been fueled in part by investors using online forums such as Twitter and the subreddit WallStreet Bets. Robinhood is also being sued by investors who sold nine meme stocks at a loss in late January and early February 2021.

Persons: Andrew Kelly, Robinhood, Britt Grant, Thursday's, Judge Cecilia Altonaga, Jonathan Stempel, Matthew Lewis Organizations: Inc, REUTERS, Thursday, AMC Entertainment, GameStop, Circuit, Twitter, Menlo, Thomson Locations: New York City, U.S, Atlanta, Miami, Menlo Park , California, New York

☆ Trump Strikes Out Before His Judges
▼ + stars: | 2022-12-03 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Remember how liberals claimed that Donald Trump’s judicial appointees would serve as legal bodyguards, shielding him in his post-Presidency? Sorry to disappoint. On Thursday an Eleventh Circuit Court of Appeals three-judge panel dismissed Mr. Trump’s objections to the FBI’s Mar-a-Lago search and district Judge Aileen Cannon’s appointment of a special master to review seized documents. The panel included Chief Judge William Pryor, who was appointed by George W. Bush , and Trump-appointees Britt Grant and Andrew Brasher.

☆ In major setback for Trump, appeals court ends special master's review of seized Mar-a-Lago records
▼ + stars: | 2022-12-01 | by ( Zoë Richards | Daniel Barnes | Zoë Richards Is The Evening Politics Reporter For Nbc News. | ) www.nbcnews.com time to read: +2 min

A federal appeals court Thursday ruled that a judge’s order appointing a special master to review documents seized from former President Donald Trump’s Mar-a-Lago resort should be dismissed. "Accordingly, we agree with the government that the district court improperly exercised equitable jurisdiction, and that dismissal of the entire proceeding is required." In a separate order, the panel said its order will take effect in seven days, barring any intervention by the Supreme Court. Trump could appeal Thursday's ruling and request that the appeals court order be put on hold. Two of the three judges on the appeals court panel -- Britt Grant and Andrew Brasher -- were appointed by Trump.

☆ Appeals court vacates order appointing Trump Mar-a-Lago search warrant watchdog
▼ + stars: | 2022-12-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

A member of the Secret Service is seen in front of the home of former President Donald Trump at Mar-A-Lago in Palm Beach, Florida on August 9, 2022. Cannon also temporarily blocked the DOJ to review or use the seized documents for its investigation while Dearie's examination of them was pending. We cannot write a rule that allows any subject of a search warrant to block government investigations after the execution of the warrant," the panel wrote. Accordingly, we agree with the government that the district court improperly exercised equitable jurisdiction, and that dismissal of the entire proceeding is required." That justification would be the fact that Trump "is a former President of the United States," the appeals panel noted.

☆ An appeals court sounded skeptical of Donald Trump's arguments in the Mar-a-Lago records dispute
▼ + stars: | 2022-11-22 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +6 min

An appeals court panel grilled a Trump lawyer but had few questions for the Justice Department. One judge scolded Trump's lawyer for referring to the FBI search of Mar-a-Lago as a "raid." asked Grant, a Trump appointee who clerked for Supreme Court Justice Brett Kavanaugh during his tenure on the US Court of Appeals for the DC Circuit. During Tuesday's arguments, Justice Department lawyer Sopan Joshi likened Trump's arguments to "shifting sands," saying that the former president had initially claimed seized records were subject to attorney-client privilege. At the Supreme Court, he said, Trump's lawyers then argued that the dispute centered on the issue of whether classified documents had been declassified.

The appeals court also said it would agree to reverse a portion of the lower court's order that required the government to hand over records with classification markings for the special master's review. A Justice Department spokesperson did not have an immediate comment. Cannon, a Trump appointee herself, appointed Dearie to serve as special master in the case at Trump's request, despite the Justice Department's objections about a special master. While it voiced disagreement, however, the Justice Department did not appeal that portion of Cannon's order. It is not clear if prosecutors may separately seek to appeal other parts of Cannon's ruling on the special master appointment.

☆ A federal appeals court allowed investigators to resume review of classified records seized from Trump's Mar-a-Lago home
▼ + stars: | 2022-09-22 | by ( Lauren Frias | C. Ryan Barber | ) www.businessinsider.com time to read: +3 min

A federal appeals court granted the DOJ's request to resume a review of classified materials seized from Mar-a-Lago. The ruling overturned Judge Aileen Cannon's decision that paused the review until a special master review. The decision appeared to embrace the DOJ's claims that a further delay in the review would hurt national security. "It is self-evident that the public has a strong interest in ensuring that the storage of the classified records did not result in 'exceptionally grave damage to the national security,'" the 11th Circuit judges wrote. The 11th Circuit panel included two Trump appointees — Judges Andrew Brasher and Britt Grant — along with Judge Robin Rosenbaum, an Obama appointee.

☆ An appeals court decision against Donald Trump came back to bite MyPillow CEO Mike Lindell in a separate case
▼ + stars: | 2022-09-22 | by ( C. Ryan Barber | ) www.businessinsider.com time to read: +5 min

A judge rejected MyPillow CEO Mike Lindell's request for DOJ to return his seized cellphone. The judge cited an appeals court decision against Trump in his lawsuit over the Mar-a-Lago search. Trump appointed Judge Eric Tostrud, who denied Lindell's bid to get his phone back. Ruling against Lindell, Tostrud did not have to look far to find legal precedent backing up his conclusion that the phone should remain in the Justice Department's hands. Rarely does an appeals court decision so rapidly grow legs that it is cited in a separate case within 24 hours.

A Justice Department spokesperson did not have an immediate comment. Cannon, a Trump appointee herself, appointed Dearie to serve as special master in the case at Trump's request. The Justice Department had objected to the appointment of a special master. As one of his defenses, Trump has claimed on social media posts without evidence that he declassified the records. While it voiced disagreement, however, the Justice Department did not appeal that portion of Cannon's order.

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