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Stanford Law professor Michael Klausner is suing a SPAC sponsor, claiming it misled investors. Michael Klausner, the Stanford Law professor who has become the chief critic of the SPAC boom, remembers the exact moment he realized SPACs were broken. It was 2017 – way before the investment vehicles took off in 2020 – and he was teaching a class on business transactions at Stanford Law School. In addition to getting all their money back with interest, they also get 20% of the final public company. Klausner was thrust into the role of being the SPAC boom's resident Cassandra, warning of calamity but never taken seriously.
The so-called "Henderson test" would significantly weaken the power of Section 230 of the Communications Decency Act, several experts said in conversations and briefings following oral arguments in the case Gonzalez v. Google . One way the Supreme Court could undercut Section 230 is by endorsing the Henderson test, some advocates believe. The Henderson test came about from a November ruling by the Fourth Circuit appeals court in Henderson v. The Source for Public Data. In other words, once Public Data made changes to the information it pulled, it became an information content provider. Google pointed to the parts of its brief in the Gonzalez case that discuss the Henderson test.
Trump lawyer Sidney Powell dodged being disbarred after a Texas judge tossed the case against her. Republican Judge Andrea Bouressa said the evidence exhibits in the case were incorrectly numbered. Powel was one of several attorneys who peddled false claims about the 2020 presidential election. She added that in "light of the numerous defects in the Commissions exhibits," she did not consider much of the submitted exhibits. Representatives for Powell and for the commission did not immediately respond to Insider's request for comment on Saturday.
Carta, a Silicon Valley darling valued at more than $7 billion, has been embroiled in multiple lawsuits with former employees that named Henry Ward, its CEO and cofounder. Meanwhile, the company is separately suing Jerry Talton, the chief technology officer whom it fired and who was deposed as a witness in the Kramer case. Carta alleges he made secret recordings of company executives and shared them with former female employees who were in legal disputes with the company. And now that the Kramer case has been settled, the complaints from other employees included in the lawsuit may never see the light of day. Lawyers for Talton are expected to file an answer to the company's lawsuit by March 15.
Trump's lawyers asked to have his infamous Access Hollywood tape banned from an upcoming trial. The request to exclude the "Access Hollywood" tape was made in the defamation case. Trump's lawyers argued in court filings Thursday that the "Access Hollywood" tape "must be precluded" from trial because it is "irrelevant and highly prejudicial." In the tape, a hot mic captured Trump bragging to "Access Hollywood" host Billy Bush in 2005 about groping women without their consent. Trump has denied ever sexually assaulting anyone and has dismissed his "Access Hollywood" comments as "locker-room talk."
SEOUL, Feb 7 (Reuters) - A South Korean court ordered the government on Tuesday to compensate a Vietnamese victim of atrocities during the Vietnam War in the 1970s, when about 300,000 South Korean troops fought alongside U.S. forces. The ruling marked the first legal acknowledgement of South Korea's liability for atrocities during the war and could potentially pave the way for other victims to seek compensation. The Seoul Central District Court ordered the government to provide around 30 million won ($23,800) in compensation and additional funds for delay to Nguyen Thi Thanh, a survivor of killings of civilians by South Korean troops. A court official confirmed the decision but said the full verdict was not immediately available for release. Hanoi's foreign ministry did not immediately respond to a request for comment.
One of the cases involves two student-loan borrowers who sued because they didn't qualify for the full $20,000 amount of relief. "Extra breathing room for millions of Americans is on hold because of lawsuits brought by opponents of this Administration's student debt relief plan," the White House wrote on Twitter this week. Here are some standouts from the Job Creators Network's argument on why Biden's student-loan forgiveness should be blocked. The debt-relief plan demonstrates "gross over-inclusiveness"Leading up to the announcement of Biden's debt relief, many advocates and Democratic lawmakers were urging him to make the relief as expansive as possible, without any thresholds. "There was a national emergency that impacted millions of student borrowers," the official said.
A federal judge ordered Donald Trump and his attorney to pay nearly $1 million in sanctions. The pair were fined for filing a "frivolous" lawsuit against Hillary Clinton and 30 others. The case was dismissed in September, with the judge deciding it had no merit as a lawsuit. The pair were fined for filing a "frivolous" lawsuit against former Secretary of State and 2016 presidential candidate Hillary Clinton, as well as 30 other perceived political enemies. In November, Middlebrooks fined a group of Trump's lawyers over the lawsuit.
Prosecutors began delivering opening arguments Thursday in the seditious conspiracy trial of former Proud Boys leader Enrique Tarrio and four other members of the far-right extremist group involved in the Jan. 6, 2021 attack on the U.S. Capitol. After the election, Tarrio posted on social media that the presidency was being stolen and vowed that his group won't "go quietly," prosecutors said. Tarrio, prosecutors say, was aware of discussions around a plan to storm the Capitol and was involved in discussions about occupying buildings, including in the Capitol complex. The group helped rile up the crowd on the day of the rally and successfully led rioters to break past police barricades and into the Capitol, prosecutors said. A protester, who claims to be a member of the Proud Boys, confronts police officers outside the Capitol in Washington, D.C. on Jan. 6, 2021.
Former President Donald Trump has filed a motion to dismiss a second lawsuit from E. Jean Carroll. Trump's attorney argued he never defamed Carroll because he didn't disparage her professionally. Carroll previously sued Trump in 2019, alleging that the then-president defamed her by claiming she invented the rape allegations. Trump's court filing on Wednesday argued that Trump's October 12 statement didn't qualify as defamation because it doesn't disparage Carroll's "trade, business or profession." In response to Insider's request for comment, Carroll's attorney, Roberta Kaplan, said Carroll's team looks forward to going to trial in April 2023.
A mother is taking MindGeek, who owns Pornhub, to court after a man was convicted of raping her son, filming the content, and uploading it to the site. Her lawyer told Insider that the videos uploaded to the site were "clearly" of a minor. In a statement to Insider, MindGeek said, "MindGeek is aware that a lawsuit has been filed in federal court in Alabama. As well as owning Pornhub, MindGeek owns a number of other adult entertainment sites, including xHamster, RedTube, and YouPorn. In December 2020, an allegation that Pornhub hosts videos depicting child pornography sparked both Visa and Mastercard to launch investigations into the site and drop ties with the company.
NEW YORK, Nov 28 (Reuters) - A U.S. judge on Monday said Devin Nunes, the former California congressman and an ally of former U.S. President Donald Trump, can sue NBCUniversal for defamation over a comment by Rachel Maddow concerning his relationship with a suspected Russian agent. Without ruling on the merits, U.S. District Judge Kevin Castel in Manhattan said Nunes "plausibly allege[d] actual malice" with respect to a statement from a March 2021 broadcast of MSNBC's "The Rachel Maddow Show." NBCUniversal, which is owned by Comcast Corp (CMCSA.O), and its lawyers did not immediately respond to requests for comment. Nunes left Congress last December to become chief executive of the social media venture Trump Media & Technology Group. The case is Nunes v NBCUniversal Media Inc, U.S. District Court, Southern District of New York, No.
Donald Trump's lawyers settled a lawsuit brought by protesters at the 11th hour. He faced a likely hostile jury pool notorious for awarding high damages compared to juries in Manhattan or Long Island. Other still images appear to show a protester grabbing a security team member, suggesting Trump's lawyers may have argued he was acting in self-defense. Former President Donald Trump speaks during a campaign rally at Minden-Tahoe Airport on October 08, 2022 in Minden, Nevada. Cohen also said Trump's lawyers failed to disclose he had knowledge of the day's events, even though they were supposed to.
Elon Musk has described his vacations as "email with a view." Musk is known for his hardcore work ethic and often sleeps where he works. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyTesla CEO Elon Musk, famed for his hardcore work ethic, has described his vacations as "email with a view." According to Bloomberg, Musk was questioned by the plaintiff's lawyer about vacations he and James Murdoch, a Tesla director, had reportedly taken together. Earlier this week, Musk told Twitter workers in a late-night email that they had to commit to his "extremely hardcore" vision for the social-media company or be laid off.
SAN FRANCISCO, Nov 16 (Reuters) - James Murdoch, a Tesla director, said on Wednesday CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker. Murdoch, who did not name the potential successor, was testifying in a trial over Musk's 2018 Tesla pay package. When a plaintiff's lawyer asked him to confirm that Musk has never identified someone as a potential successor CEO, Murdoch said, "He actually has," adding that happened in the "last few months." MONITORING TESLA SITUATIONMurdoch also said Tesla's audit committee is monitoring the Twitter situation, saying that the committee had discussions about having some Tesla engineers do work at Twitter. He also said Musk asked a few team heads to see if they were people interested in helping Twitter.
After appearing to clear a number of other legal hurdles, President Joe Biden's student debt forgiveness plan has been blocked. If the president's appeal in Texas is successful, it's likely the plaintiffs will escalate the case to the Supreme Court or vice versa. Still, federal judges are appointed by elected officials, and it so happens the judges striking down Biden's debt forgiveness were nominated by Republican presidents. Aside from appealing in Texas, the president has not yet announced next steps for the debt forgiveness plan or other relief for borrowers. The 8th Circuit Court's decision to keep the block on debt forgiveness for now adds to the likelihood of a Supreme Court case, she says.
NEW YORK, Nov 15 (Reuters) - Donald Trump defeated his niece Mary Trump in a lawsuit where she accused the former U.S. president and two of his siblings of defrauding her out of a multimillion-dollar inheritance. Mary Trump's case had its roots in the 1981 death of her father Fred Trump Jr., Donald Trump's older brother, who left Mary, then 16, a profitable real estate portfolio. Now a 57-year-old psychologist, Mary Trump claimed that her uncles Donald and Robert Trump and aunt Maryanne Trump Barry were supposed to protect her interests but instead "squeezed" her out of tens of millions of dollars. The cases are Mary L. Trump v Donald J. Trump et al, New York State Supreme Court, New York County, No. 654698/2020, and Donald J. Trump v Mary L. Trump et al in the same court, No.
A judge tossed Mary Trump's lawsuit against her uncle Donald Trump and two of his siblings. Roberta Kaplan, an attorney representing Mary Trump, said she would appeal the case. President Donald J. Trump will continue to fight for the truth and against innumerable falsehoods being perpetrated by his enemies." Donald Trump has separately filed a lawsuit against Mary Trump and the New York Times, over the publication of his tax returns obtained through his niece, which remains pending. A representative for the former president didn't immediately respond to a request for comment on the litigation relating to Mary Trump.
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 in Texas struck down Biden's student-loan forgiveness on Thursday. It's in response to a lawsuit filed by two student-loan borrowers who didn't qualify for the relief. This is the most serious legal setback to Biden's debt relief so far. This was in response to a lawsuit filed by two student-loan borrowers, Myra Brown and Alexander Taylor, represented by conservative group the Job Creators Network, who sued because they were left out of debt relief. "Today, a federal judge conspired with right-wing politicians and corrupt corporations to block life-changing student debt relief for tens of millions of families," executive director of advocacy group Student Borrower Protection Center Mike Pierce said in a statement.
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.
Judge Raymond Dearie accused Trump's lawyers of making contradictory claims. Trump pushed for Dearie to be appointed, but it's a decision that visibly backfired. In earlier hearings, Dearie has pushed Trump's lawyers to provide evidence to back the claims Trump's made in public. In reply Trump's legal team shied away from answering, saying that presenting the evidence could imperil his defense in a potential trial. Aileen Cannon, the main judge in the Mar-a-Lago case overruled Dearie when he pushed Trump's lawyers to provide the evidence by a specific deadline, shielding them from a further pitfall.
Oct 11 (Reuters) - The U.S. Supreme Court on Tuesday declined to hear McKinsey & Co's bid to escape a lawsuit by retired turnaround specialist Jay Alix accusing the management consulting firm of concealing potential conflicts when seeking permission from bankruptcy courts to perform lucrative work on corporate restructurings. Circuit Court of Appeals in January revived the case, saying Furman gave "insufficient consideration" to whether McKinsey undermined the integrity of federal judicial proceedings. McKinsey in its petition to the Supreme Court argued that the 2nd Circuit's decision ran contrary to past rulings by the high court holding that RICO lawsuits may be brought only by plaintiffs injured "directly" by wrongdoing. The firm urged the Supreme Court to consider whether lower courts must follow that standard "even if, in the court's judgment, the plaintiff's allegations implicate the court's 'supervisory responsibilities'" over judicial proceedings. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nate Raymond in Boston; Editing by Will DunhamOur Standards: The Thomson Reuters Trust Principles.
Following the Mar-a-Lago raid, Trump asked for (and was granted) a special master to review government docs. The filing was in response to the government's filing on Tuesday, where the Department of Justice said that the vendors simply refused to be engaged by Trump's team. Following the raid, Trump's team sued the DOJ asking for a third party, or special master, to review the documents. On Tuesday, the DOJ asked special master Raymond Dearie for an additional day to turn over nonclassified documents in the investigation. Dearie, so far, has pushed back on several of Trump's legal team's claims in the case.
The Pacific Legal Foundation announced Tuesday it was filing suit against student loan relief. "Congress did not authorize the executive branch to unilaterally cancel student debt," Caleb Kruckenberg, an attorney at Pacific Legal Foundation, said in a press release. The nonpartisan Congressional Budget Office has estimated that, according to projections spanning the next 30 years, student loan relief will cost $400 billion. "The claim is baseless for a simple reason: No one will be forced to get debt relief. Because opponents of the debt relief plan are trying anything they can to stop this program that will provide needed relief to working families."
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