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☆ The DOJ's antitrust case against Google is ambitious but risky
▼ + stars: | 2023-01-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +10 min

But alongside the possibility of great reward comes significant risk in seeking to push the boundaries of antitrust law. "All antitrust cases are an uphill battle for plaintiffs, thanks to 40 years of case law," said Rebecca Haw Allensworth, an antitrust professor at Vanderbilt Law School. But, Allensworth added, the government's challenges may be different than those in many other antitrust cases. Like all antitrust cases, this one is unlikely to be concluded anytime soon. "This is clearly the blockbuster case so far from the DOJ antitrust division," Francis said.

FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ's proposed review would only add cost and delay to its bankruptcy case. As part of its own investigation, FTX asked U.S. Bankruptcy Judge John Dorsey, who is overseeing its Chapter 11 proceedings, to help it secure documents from Bankman-Fried, members of his family and other insiders with information about FTX transactions that used "misappropriated and stolen" funds. FTX is also seeking information about political donations by Mind the Gap, a political action committee founded by Barbara Fried, and Guarding Against Pandemics, an advocacy organization founded by Sam Bankman-Fried and his brother, Gabriel Bankman-Fried. The U.S. Department of Justice's bankruptcy watchdog has called for an independent investigation into its collapse, a request that received backing from a bipartisan group of U.S. senators. Sam Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges.

☆ The DOJ was willing to get a warrant to search Biden's home for documents if he didn't cooperate: CNN
▼ + stars: | 2023-01-26 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

The DOJ was prepared to file a search warrant to raid Biden's home, CNN reported. Ultimately this wasn't necessary because Biden assented to the search, sources told the outlet. The prospect of a search warrant did not come up in the DOJ's conversations with the Biden camp, CNN reported. Attorney General Merrick Garland released a heavily redacted version of the search warrant permitting the Mar-a-Lago raid. The Wilmington DOJ search yielded six additional documents dating to Biden's vice-presidency and time in the Senate, which should have been handed over to the National Archives in 2017.

Companies Goodyear Tire & Rubber Co FollowJan 25 (Reuters) - The U.S. Justice Department is investigating Goodyear Tire & Rubber Co (GT.O) for its handling of a recalled tire that has been linked to eight deaths and dozens of injuries, the Wall Street Journal reported, citing people with knowledge of the matter and documents reviewed by the newspaper. "We cooperated fully with the National Highway Traffic Safety Administration's (NHTSA) review of the G159 275/70R22.5 tire, which concluded in June, 2022," the company said in an emailed statement to Reuters. In June last year, Goodyear said it would recall 173,000 G159 tires used on recreational vehicles because of the potential of catastrophic tread separations. However, the company said in October that it did not believe its tires were defective. Reporting by Aishwarya Nair in Bengaluru, additional reporting by Priyamvada C; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

A "small number" of classified documents were discovered last week at former Vice President Mike Pence’s Indiana home, according to two letters Pence’s counsel sent to the National Archives obtained by NBC News on Tuesday. Pence's team “immediately” secured the classified documents in a locked safe, Jacob said. The transfer was facilitated by Pence’s personal attorney, who has experience in handling classified documents and was involved with the Jan. 16 discovery. Pence spokesman Devin O’Malley later told NBC News that “no potential classified documents” were found at the offices of Pence’s organization Advancing American Freedom after Pence’s team searched the offices and the former vice president’s home in Indiana. In a statement Tuesday, Comer said Pence reached out to the panel about classified documents found at his Indiana residence.

☆ Former White House CTO breaks down DOJ's targeting of Google
▼ + stars: | 2023-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer White House CTO breaks down DOJ's targeting of GoogleAneesh Chopra, first U.S. chief technology officer in the Obama administration, joins CNBC's 'Squawk Box' to discuss Google's ad dominance, the proposed merger between Microsoft and Activision Blizzard, and more.

☆ American Progress' Marc Jarsulic discusses the DOJ lawsuit against Google
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Progress' Marc Jarsulic discusses the DOJ lawsuit against GoogleMarc Jarsulic, senior fellow and chief economist at the Center for American Progress, joins 'The Exchange' to discuss Live Nation appearing before the senate over the Taylor Swift ticketing fiasco, DOJ's second antitrust suit against Google.

☆ The DOJ lawsuit will be a lag on Google stock for years, says Evercore's Mark Mahaney
▼ + stars: | 2023-01-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe DOJ lawsuit will be a lag on Google stock for years, says Evercore's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, joins 'Closing Bell' to discuss the DOJ's lawsuit against Google.

☆ GOP Rep. Mike Turner, who suggested Trump took about 300 classified documents to write a memoir, calls Biden a 'serial classified document hoarder'
▼ + stars: | 2023-01-22 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

GOP Rep. Mike Turner said President Biden is a "serial classified document hoarder" after more documents were found at his residence. Turner previously suggested Donald Trump had hundreds of classified documents at Mar-a-Lago to help him write a memoir. "Apparently, he's become a serial classified document hoarder," Turner said of Biden Sunday morning on "Face the Nation" on CBS News. I mean the only reason you can think of as to why anyone would take classified documents out of a classified space and home is to show them to somebody." Both incidents have prompted special counsel investigations, but Turner appeared to have more concerns over Biden's classified documents.

☆ White House aides were reportedly blindsided by AG Garland's appointment of a special counsel to investigate Biden
▼ + stars: | 2023-01-19 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +4 min

Many in the White House were blindsided when AG Garland appointed a special counsel to investigate Biden, WaPo reported. The GOP has accused the special counsel Robert Hur of being partisan, but a former Trump lawyer disagreed, saying he's "smart and experienced." That's why many in the White House were blindsided, according to The Washington Post, when Attorney General Merrick Garland appointed a special counsel to investigate Biden's mishandling of classified information. Republicans and Democrats alike have criticized the Biden White House for failing to disclose the existence of the DOJ's investigation for two months, despite having known about it since November. But Ty Cobb, who once served as Trump's White House counsel, dismissed those concerns.

☆ The Justice Department just shut down little-known crypto exchange Bitzlato and arrested its Russian founder in what authorities claim is a huge blow to crypto crime
▼ + stars: | 2023-01-18 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Bitzlato is a little-known crypto exchange that was just shut down by the Justice Department. FBI agents arrested Anatoly Legkodymov, the founder of crypto exchange Bitzlato, on Tuesday. US authorities alleged that the site laundered millions tied to illicit Russian finances. The Justice Department and Treasury Department allege that the Hong Kong-registered platform laundered more than $700 million, some of which were tied to illicit Russian finances. Bitzlato is a small crypto exchange, which hasn't received mainstream attention until Legkodymov's arrest.

☆ GOP Rep. looking into Biden's mishandling of classified docs said he won't do the same for Trump
▼ + stars: | 2023-01-16 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

The new GOP oversight chair is looking into Biden's mishandling of classified documents. Speaking to CNN, he said: "We just want equal treatment here, with respect to how both former President Trump and current President Biden are being treated with the document issue." Comer asked why Trump's Mar-a-Lago home was searched by the FBI and why Biden's home wasn't, saying: "it's not fair." Asked if seeking more information of Trump would be a priority, Comer said: "That will not be a priority." Indicating the clip, Jake Tapper asked him: "Do you only care about classified documents being mishandled when Democrats do the mishandling?"

The House Judiciary Committee announced Friday it's opened an investigation into the Obama-era classified documents that were found in President Joe Biden's Delaware home and his former Washington office. The White House acknowledged Thursday that classified documents dating back to Biden's time as vice president had been discovered in his garage in Delaware. Jordan and Johnson also renewed a request for information on the Trump investigation they made last year, when the committee was controlled by Democrats. "On August 15, 2022, Committee Republicans wrote to you and FBI Director Christopher Wray requesting documents and information related to the FBI’s raid of President Trump’s residence. The Justice Department has confirmed receipt of the letter but declined a request for comment.

☆ House Republicans launch investigation into DOJ's probe of Biden's classified records
▼ + stars: | 2023-01-13 | by ( Warren Rojas | ) www.businessinsider.com time to read: +3 min

House Judiciary Committee chair Jim Jordan is opening his own investigation into the Biden files. Jordan wants Attorney General Merrick Garland to share information about the DOJ probe. Jordan laid out his myriad concerns about Biden's treatment of sensitive records during his tenure as vice president in a three-page letter to US Attorney General Merrick Garland. Jordan's swift action comes as the newly-empowered House GOP leaders plot an ambitious oversight agenda while rank-and-file members are giddily picking out impeachment targets. Jordan gave Garland until January 27 to provide the requested information.

☆ Proud Boys leader Enrique Tarrio's lawyer blames Trump for January 6, says the ex-president 'unleashed this mob on the Capitol'
▼ + stars: | 2023-01-12 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +4 min

An attorney for Proud Boys leader Enrique Tarrio blamed Trump for the January 6 riot. "You will never see a message from Enrique Tarrio advocating to storm the Capitol," Jauregui said. In his opening statements, Jauregui also defended the Proud Boys, an organization founded in 2016 that calls itself "Western-chauvinist." Watchdog groups have labeled the Proud Boys as extremist and a hate group. "The Proud Boys think that America is the best."

☆ Trump tried to fight E. Jean Carroll's defamation lawsuit in court on Tuesday. Here's a rundown of where all the litigation stands.
▼ + stars: | 2023-01-10 | by ( Ashley Collman | ) www.businessinsider.com time to read: +6 min

E. Jean Carroll, who alleges Trump raped her, sued him for defamation more than three years ago. Carroll filed a second lawsuit in November, adding a defamation claim and accusing him of battery. Five months later, Carroll sued Trump for defamation, alleging he attacked her reputation by claiming she made the story up. Trump won't be able to invoke the Westfall Act in Carroll's second lawsuit, which means at least one of her defamation claims will likely move forward. If the DC Circuit allows Carroll's first lawsuit to proceed, a trial could happen in the next few months.

☆ House GOP establishes committee targeting 'weaponization' of federal government with 'at least as much' funding as the January 6 committee
▼ + stars: | 2023-01-10 | by ( Bryan Metzger | Warren Rojas | ) www.businessinsider.com time to read: +5 min

The House GOP voted to create a new subcommittee that they say is modeled after the Church Committee. The new subcommittee is officially known as the "Select Subcommittee on the Weaponization of the Federal Government" and will be housed under the House Judiciary Committee. Democratic Rep. Ilhan Omar had previously publicly expressed some interest in the committee, but ultimately voted against its creation on Tuesday. He added that the committee would have "at least as much as the January 6 committee" in terms of its budget and staffing. Under the language of the resolution establishing the committee, the 13-member panel will be composed of eight Republicans and five Democrats.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Why the Taylor Swift debacle could lead to renewed scrutiny of the Ticketmaster/Live Nation merger
▼ + stars: | 2022-12-22 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Lawmakers and Swifties are calling for the Ticketmaster/Live Nation merger to be reexamined. The Department of Justice was reportedly investigating the merger prior to the Eras Tour madness. Now, the Department of Justice is reportedly investigating the Ticketmaster/Live Nation merger, a probe that began even before the Eras Tour debacle. That's the kind of merger critics argue happened with Live Nation and Ticketmaster. Live Nation has not incurred any of those penalties.

WASHINGTON — The $1.7 trillion government funding bill released Tuesday includes extra money for the Justice Department to prosecute Jan. 6 cases. One source involved in the Jan. 6 criminal investigation said Tuesday they were “sincerely grateful” for the boost in funding under the omnibus bill. Proponents of fulfilling DOJ's request have long seen this funding bill as their last opportunity to secure the money, fearing that a Republican-controlled House would block the request early in the new year. Last week, the FBI re-arrested Jan. 6 defendant Edward Kelley for allegedly plotting to kill FBI special agents involved in his investigation. “The Senate should pass this bill,” he said.

☆ It's not just Taylor Swift. Musicians describe the 'demented struggle' of touring in a shrinking industry where one giant company sells the tickets for most major venues.
▼ + stars: | 2022-12-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +14 min

On top of that, the Justice Department is reportedly investigating the 2010 merger of industry leaders Ticketmaster and Live Nation. Live Nation Entertainment said in a statement that it owns and operates just over 100 of the nearly 4,000 total live music venues in the United States. "Put simply, artists, venues, and consumers should no longer be at the mercy of a single seller," Sens. At the same time, Live Nation Entertainment is seeing a record year due to more shows than ever. "We always welcome the opportunity to discuss important issues facing the live entertainment industry," Live Nation said in a statement.

☆ Jan. 6 committee live updates: Panel votes on criminal referrals for Trump and others
▼ + stars: | 2022-12-19 | by ( Summer Concepcion | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +42 min

Committee details Trump allies' efforts to obstruct its investigation In its report summary, the committee detailed some of the efforts to obstruct its investigation. On far-right groups drawing inspiration from Trump: Trump has not denied that he helped inspire far-right groups, including the Proud Boys and Oath Keepers, to violently attempt to obstruct the official certification proceedings on Jan. 6. "There is no question from all the evidence assembled that President Trump did have that intent." Share this -Link copiedInside the final Jan. 6 committee meeting The Jan. 6 committee met for what’s likely its final public meeting, with many of the usual faces present. The committee will likely reveal Eastman’s referrals during Monday’s meeting, in addition to expected criminal referrals for Trump.

☆ Jan. 6 committee live updates: Panel to vote on criminal referrals, adopt final report
▼ + stars: | 2022-12-19 | by ( Summer Concepcion | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +10 min

The committee's final public meeting is getting underway The Jan. 6 committee has gaveled in for its final public meeting. Key aides, however, aren’t expected to provide any formal reaction or weigh in on any of the possible criminal referrals and will likely defer to the Justice Department, these sources say. Share this -Link copiedHouse Republicans planning their own report to counter committee Republicans plan to release a counter report designed to serve as a rebuttal to the Jan 6 committee’s final report. Axios was first to report of the GOP plans to counter the Select Committee’s report. The committee will likely reveal Eastman’s referrals during Monday’s meeting, in addition to expected criminal referrals for Trump.

☆ How FTX founder SBF and friends quietly donated to political groups and relatives
▼ + stars: | 2022-12-19 | by ( Brian Schwartz | ) www.cnbc.com time to read: +10 min

FTX founder Sam Bankman-Fried is led by officers of the Royal Bahamas Police force following his arrest. The disgraced CEO donated to his brother Gabe Bankman-Fried's nonprofit organization, Guarding Against Pandemics. Alameda Research donated more than $12 million to Gabe Bankman-Fried's nonprofit since late last year, according to California state campaign finance records. California state campaign finance records show Alameda donated $5 million to Guarding Against Pandemics last year and $7.1 million this year. Guarding Against Pandemics also paid political communications and media company GMMB just over $690,000 last year for advertising and production, its tax form says.

☆ Mar-a-Lago guests were partying and taking dips in the pool only 60 feet away from classified docs, per new New York Times investigation
▼ + stars: | 2022-12-17 | by ( Azmi Haroun | ) www.businessinsider.com time to read: +3 min

According to The New York Times, Trump stored many of the documents in half-open storage rooms. Boxes of documents were stored between beach chairs and umbrellas in storage rooms near the resort's central patios and outdoor spaces used to host events. Guests were only sixty feet away from the documents at times, according to a sweeping visual investigation by The New York Times, which shed light on the nature of the storage of government documents that included some marked "classified." According to the Times, Trump hosted at least 50 political events in the first 19 months after leaving office. Less than 60 feet away from the White and Gold Ballroom, where event attendees spilled out onto an awning, multiple storage rooms were used to stash the documents.

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