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In a decision on August 27, the US Third Circuit Court of Appeals found that, in 2021, TikTok — via its "For You Page" algorithm — recommended a video promoting a "blackout challenge" to 10-year-old Nylah Anderson. The company had argued in court that it was immune from prosecution due to Section 230 of the Communications Decency Act. AdvertisementBut the Third Circuit ruling could change that. French and other supporters of the Third Circuit ruling argue that TikTok's liability protections should end where its algorithmic suggestions begin. If they do, their ruling could have even broader consequences than the Third Circuit ruling.
Persons: , Nylah Anderson, Paul Matey, TikTok, Nylah, asphyxiate, We'd, David French, Betsy Rosenblatt, Rosenblatt, Clarence Thomas, Neil Gorsuch, SCOTUS, Amy Coney Barrett Organizations: Service, US, Appeals, TikTok, Business, Communications, Circuit, New York Times, Third Circuit, Spangenberg, for Law, Technology, Arts, Moody
Read previewThe US Supreme Court has struck down a $7 billion bankruptcy plan for Purdue Pharma that would have protected the Sackler family from further lawsuits — a ruling that could mean "chaos" for other big legal liability cases. The Sackler family, which ran Purdue, agreed to provide up to $6 billion in funding in exchange for immunity from further legal action. Anne Andrews, a leading bankruptcy lawyer for victims, predicted tumult if the Supreme Court struck down the Purdue plan in an interview with Business Insider ahead of the decision. Related stories"The U.S. Supreme Court got it right — billionaire wrongdoers should not be allowed to shield blood money in bankruptcy court," he said. Its plan, which would provide $2.5 billion, is currently on appeal in the Third Circuit Court of Appeals.
Persons: , Sackler, Anne Andrews, William Tong, wrongdoers, Johnson, Leigh O'Dell, Beasley Allen, J's Organizations: Service, Purdue Pharma, Purdue, Business, Sackler, U.S, Supreme, Justice Department, J, Boy Scouts of Locations: Boy Scouts of America
CNN —Hunter Biden is requesting a new trial in his federal gun case, with his lawyers claiming that there was a procedural issue in the timing of the early June trial that resulted in a guilty verdict against him. His lawyers claim that the trial court did not have jurisdiction over his case because of appeals that he had filed challenging his prosecution. The defense team says that the conviction must be wiped away because, even though the appeals court had rejected the appeals by the time the trial started, it had not issued what’s known as a “mandate” – the procedural maneuver that effectively notifies a lower court of ruling made by a higher court in an appeal. Biden’s lawyers are pointing to the absence of a mandate sending the case back to the trial court after the 3rd US Circuit Court of Appeals handed down rulings rejecting two of his appeals in late May. “The Third Circuit, however, did not then and has not yet issued its mandate as to the orders dismissing either appeal,” his lawyers wrote.
Persons: CNN — Hunter Biden, , , Maryellen Noreika, Biden’s Organizations: CNN, US
Three Democrats have said they intend to oppose the confirmation of Mr. Mangi to the Philadelphia-based U.S. Court of Appeals for the Third Circuit in response to objections from local law enforcement groups. He has also faced what his backers label an unfounded bigoted assault from Republicans who have accused him of antisemitism and sympathy with terrorists. If Republicans remain united against him, as expected, and the Democrats cannot be persuaded to change their position, Mr. Mangi would lack the votes to be confirmed. The showdown is a new obstacle for the Biden administration and Senate Democrats as they try to fill as many federal court openings as they can before November. It has also angered Democrats who believe Mr. Mangi, a litigator from New Jersey and partner in a New York law firm, has been subjected to a baseless and ugly assault by Republicans because of his religion.
Persons: Biden, Mangi Organizations: Appeals, Third Circuit, Republicans, Democrats Locations: American, Philadelphia, New Jersey, New York
Sam Bankman-Fried bilked FTX customers out of over $8 billion, according to prosecutors. AdvertisementAccording to federal prosecutors, Sam Bankman-Fried orchestrated one of the biggest criminal frauds in the history of the world. According to his lawyers, FTX's customers might get all their money back. According to prosecutors, Bankman-Fried was responsible for more than $11 billion in fraud overall between FTX customers and investors in FTX and Alameda Research. The recovered calculations, too, distort how much money customers are actually getting back.
Persons: Sam Bankman, , Fried, FTX, John J, Ray III, Ray, Lewis Kaplan, Kaplan, Sarah Krissoff, Cozen O'Connor, Krissoff, it's, Sarah Silbiger, Bankman, bitcoin, Rachel Maimin, Lowenstein Sandler, Barbara Fried, Mark Cohen, Jane Rosenberg Bankman, Maiman, Maimin, Caroline Ellison Organizations: Service, FTX, Bankman, Alameda Research, US, United States, Second Circuit, U.S . House Financial, Capitol, Reuters, K5 Global, Prosecutors, Wall, REUTERS, Business, of Prisons, Alemda Research Locations: FTX, Manhattan, New Jersey, New York, Washington , U.S
On paper, President Biden’s nominee to fill a vacancy on the Third Circuit Court of Appeals is an archetypical candidate for a federal judgeship. Adeel Abdullah Mangi has a sterling legal education, which he followed with a distinguished career at a high-profile private firm mixing corporate litigation with important pro bono work. The candidate has another quality that was especially appealing to Biden, who has made diversifying the federal bench a key priority: Mangi would be the first Muslim American federal appellate judge in the United States. When Mangi appeared before the Senate Judiciary Committee in December for a hearing about this lifetime appointment, Republican senators did not ask him about his legal background or judicial philosophy. Such bad faith ambushes are Cruz’s stock in trade, especially since the Oct. 7 attack on Israel by Hamas.
Persons: Biden’s, Adeel Abdullah Mangi, Biden, Mangi, Ted Cruz of Organizations: Third, Appeals, Muslim, Republican Locations: United States, Ted Cruz of Texas, Mangi, Pakistani American, Palestine, Israel
But some allies of the White House on Capitol Hill have made clear that there is not enough support – including among Democrats – to confirm Mangi in the full Senate, those sources said. The controversy surrounding Mangi’s nomination comes at a moment of heightened political tensions across the country since Hamas’ October 7 attack on Israel. The White House and Democratic lawmakers have pushed back, accusing Republicans of Islamophobic attacks that are based on Mangi’s ethnic background and touting support from Jewish groups. The White House has also called on senators such as Cruz to apologize to Mangi. “Treatment of this highly qualified nominee has sometimes reached an all-time low.”CNN has reached out to Durbin’s office for additional comment.
Persons: Adeel Mangi, Joe Biden’s, Biden, Mangi, , Texas Republican Sen, Ted Cruz, Rutgers University –, Cruz, ” Cruz, ” Mangi, , , Jeff Zientz, Shuwanza Goff, White, Ed Siskel, Andrew Bates, ’ ” Bates, “ Mr, Dick Durbin, ” Durbin Organizations: Washington CNN —, Democratic, CNN, US, Appeals, White, Capitol, Texas Republican, Center for Security, Rights, Rutgers University, White House, Defamation League, Senate, Committee, House Locations: New York, Israel
Biden nominated Nicole Berner, the general counsel of the Service Employees International Union, for the Fourth Circuit Court of Appeals. Adeel Mangi, Biden's nominee for the Third Circuit Court of Appeals, would be the first Muslim-American circuit court judge, if confirmed. White House counsel Ed Siskel noted that the nominees include "four women, two nominees from a state represented by Senate Republicans, and three historic first nominees." The White House said Biden has ”set records when it comes to professional diversity, appointing more civil rights lawyers and public defenders than any previous president." The White House says that it is just getting started and that more judicial appointments are in the works.
Persons: Joe Biden, Biden, Nicole Berner, Berner, court's, Adeel, Cristal Brisco, Gretchen Lund, Amy Baggio, Ed Siskel, ” Siskel, Ketanji Brown Jackson, Democrats —, Donald Trump Organizations: WASHINGTON, Wednesday, Democratic, Service Employees International Union, Fourth, Appeals, Senate, Third, Northern District of Indiana, District of, District of Oregon ., Senate Republicans, Supreme, Democrats, Republican, Trump, Biden Locations: U.S, Northern District, District of Oregon
Tycoon Donald Trump with sister Maryanne Trump Barry, at a press conference after visiting the house in Tong, on the Isle of Lewis, where his mother was brought up before she emigrated to the United States. Maryanne Trump Barry, a federal appellate judge and the older sister of former President Donald Trump, has died at age 86. In 2020, Maryanne's niece, Mary Trump, revealed she had secretly recorded audio of Barry criticizing her brother Donald for his "lying" and "cruelty" as president. Donald Trump, who is running for the 2024 Republican presidential nomination, and middle sister Elizabeth Trump Grau are Maryanne's only surviving siblings. Robert Trump, Donald's younger brother, died in 2020 at age 71.
Persons: Donald Trump, Maryanne Trump Barry, Barry, Bill Clinton, Maryanne's, Mary Trump, Donald, Roy Cohn, Reagan, Mary, Elizabeth Trump Grau, Fred Trump Jr, Robert Trump Organizations: New York Police Department, CNBC, U.S ., Appeals, Third Circuit, New York Times, The Washington Post Locations: Tong, Lewis, United States, Manhattan, Philadelphia
Trump's older sister, Maryanne Trump Barry, has died. A former federal judge, Trump Barry was 86 years old. AdvertisementAdvertisementMaryanne Trump Barry, Donald Trump's older sister who served as a federal judge in New Jersey for more than three decades, has died at the age of 86, the New York Times and ABC News reported. Trump Barry, who stopped hearing cases after her brother's inauguration, was a key figure in the publication's reporting. I'm talking too freely, but you know," Trump Barry could be heard saying on the recording.
Persons: Maryanne Trump Barry, Trump Barry, , Donald Trump's, Trump, Ronald Reagan, Clinton, Louis, Bobby, Manna, Genovese, Mary Trump, brother's, I'm, Thomas Hardiman, Antonin Scalia, Neil Gorsuch, Brett Kavanaugh, Sen, Ted Cruz, Cruz, Bill Clinton Organizations: Service, New York Times, ABC News, ABC, Third, Times, Politico, Texas Republican, Trump Locations: New Jersey, New York City, Texas
Aug 17 (Reuters) - Venezuela is making a last ditch attempt to limit the number of companies that could participate in a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum, appealing to the U.S. Supreme Court to overturn a lower court's ruling. Venezuela's petition is asking the Supreme Court to find the lower court's "alter ego" decision was faulty. It does not affect the case against Venezuela filed by miner Crystallex International, whose $970 million claim led to the proposed auction of shares. The petition seeks to have briefs filed by September 15 - just ahead of the start of the proposed auction. A Delaware court judge has set Oct. 23 as the start date for the auction.
Persons: Nicolas Maduro, Gary McWilliams, Deepa Babington, David Gregorio Our Organizations: Petroleum, U.S, Supreme, ConocoPhillips, Exxon Mobil, Tenaris SA, CITGO Petroleum Corporation, Venezuela, Crystallex, Thomson Locations: Venezuela, PDV, United States, Illinois , Louisiana, Texas, Delaware, Houston, PDVSA
For the second time this year, a court has ruled against Johnson & Johnson’s effort to use a bankruptcy case to limit its exposure to tens of thousands of lawsuits that claim its talcum powder products caused cancer. The plaintiffs claim that the company knew for decades about the risks linked to its talc products, including its signature baby powder. The company created a subsidiary, LTL Management, in 2021 as a maneuver to shield itself from the talc litigation. It proposed that the subsidiary, which had filed for bankruptcy, pay $8.9 billion to resolve all the claims against it. But on Friday, Judge Michael Kaplan of the U.S. Bankruptcy Court for the District of New Jersey, said LTL’s bankruptcy case must be dismissed because the lawsuits did not put the company in “imminent or immediate financial distress.” Earlier this year, the U.S. Court of Appeals for the Third Circuit in Philadelphia dismissed the first bankruptcy effort for the same reason.
Persons: Johnson, Michael Kaplan Organizations: LTL Management, U.S, Bankruptcy, District of, U.S ., Appeals, Third Circuit Locations: District of New Jersey, Philadelphia
And Bristol Myers Squibb is trying protect its blood thinner Eliquis, which brought in $11.8 billion in sales last year, or about 25% of the company's $46 billion total revenue for 2022. Long legal battle aheadMerck, the chamber and Bristol Myers Squibb filed their lawsuits ahead of two key deadlines. Bristol Myers Squibb did not either. If circuit court decisions on the matter contradict one another, the Supreme Court would step in to decide the issue, Bagby said. Bristol Myers Squibb made an identical argument in its complaint.
Persons: Richard A, Gonzalez, Pascal Soriot, Giovanni Caforio, Jennifer Taubert, Johnson, Kenneth C, Frazier, Albert Bourla, Olivier Brandicourt, Win Mcnamee, Drugmaker Merck, Drugmaker, Bristol Myers Squibb, PhRMA, Eli Lilly, Merck, Bristol Myers, Robin Feldman, Nicholas Bagley, Bagley, Gretchen Whitmer, Chris Meekins, Raymond James, Antonin Scalia, Brett Kavanaugh, Neil Gorsuch, Meekins, Long, Xavier Becerra, Randolph Daniel Moss, Barack Obama, Judge Thomas M, Rose, George W, Bush, Kelly Bagby, Bagby, Amgen, Donald Trump, Karine Jean, Pierre, Biden, Jean, we'll, Becerra, Feldman Organizations: Senate, AbbVie Inc, AstraZeneca, Myers Squibb Co, Janssen Pharmaceuticals, Johnson, Merck & Co, Inc, Pfizer, Sanofi, Getty, U.S . Chamber of Commerce, Bristol Myers Squibb, Washington , D.C, Southern, Southern District of, Democratic Party, U.S, Merck, Bristol, Pharmaceutical Research, Manufacturers of America, CNBC, Medicare, University of California College of, Justice Department, Michigan Gov, Bristol Myers, Human Services, Centers, Services, AARP Foundation, HHS, AARP, Specialty Pharmacy, Reuters, Supreme, Appeals, Democratic, U.S . Sixth, Republican, Third, White Locations: America, Washington , DC, Bristol, U.S, Washington ,, Southern District, Southern District of Ohio, New Jersey, Commerce's Dayton , Ohio, San Francisco
REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) Chief Executive Brian Armstrong on Wednesday hit back at the U.S Securities and Exchange Commission (SEC) Chair over the agency's lawsuit against the crypto exchange, calling him an "outlier," while also reassuring customers that their funds were safe. Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules. SETTLEMENT BREAKDOWNLast July, Coinbase disclosed an SEC probe into its asset listing processes, staking programs and yield-generating products. Grewal said despite the lawsuit, Coinbase would still be interested in a dialogue with the SEC about how to bring cryptocurrency into the regulatory perimeter. "If there were an opportunity for a real conversation, of course we would take it up, but I want to be very clear: Coinbase is absolutely committed to defending itself in court," he said.
Persons: Brian Armstrong, David Swanson, Coinbase, Armstrong, Gary Gensler, Gensler, ” Armstrong, Binance, hasn’t, haven’t, Paul Grewal, Grewal, Hannah Lang, Manya Saini, Niket, Chris Prentice, Shounak Dasgupta, Michelle Price Organizations: Milken, Global Conference, REUTERS, U.S Securities and Exchange Commission, SEC, Bloomberg, Monday, CNBC, Reuters, U.S ., Appeals, Circuit, Thomson Locations: Beverly Hills , California, U.S, Solana, Cardano, Washington, Bengaluru
[1/2] Brian Armstrong, CEO and Co-Founder of Coinbase, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2022. REUTERS/David SwansonJune 7 (Reuters) - Coinbase (COIN.O) executives on Wednesday defended the company against a lawsuit brought by the U.S. securities regulator, saying the cryptocurrency sector lacks a clear set of guidelines. The agency also said Coinbase was operating as an unregistered exchange, broker and clearinghouse. Coinbase also sought to distance itself from rival exchange Binance, which was also served with an SEC lawsuit on Monday. The SEC alleged Binance, the world's largest cryptocurrency exchange and its founder Changpeng Zhao, also sold cryptocurrency products without registering them as securities.
Persons: Brian Armstrong, David Swanson, Coinbase, Binance, Changpeng Zhao, Zhao, Paul Grewal, Grewal, Hannah Lang, Manya, Shounak Dasgupta Organizations: Milken, Global Conference, REUTERS, Wednesday, U.S, Securities, Exchange Commission, SEC, CNBC, U.S ., Appeals, Circuit, Reuters, Manya Saini, Thomson Locations: Beverly Hills , California, U.S, Solana, Cardano, Cayman Islands, Washington, Bengaluru
A federal appeals court ruled on Tuesday that a man who committed a nonviolent crime cannot be legally prevented from owning a firearm — a potential setback to gun regulations spurred by a Supreme Court ruling last year that vastly expanded the right to bear arms. In an 11-to-4 ruling, the U.S. Court of Appeals for the Third Circuit in Philadelphia overturned decisions by lower courts that had prevented Bryan Range, a Pennsylvania resident who had sued the state after being blocked from buying a shotgun for hunting and self-protection over a conviction for lying on a benefits application in the 1990s. In a majority opinion, Judge Thomas M. Hardiman repeatedly cited the Supreme Court ruling last June, written by Justice Clarence Thomas, in which the majority established a new standard that dictated that gun laws conform to “historical traditions” dating to the 18th and 19th centuries. “In sum, we reject the government’s contention that only ‘law-abiding, responsible citizens’ are counted among ‘the people’ protected by the Second Amendment,” wrote Judge Hardiman, a George W. Bush appointee who was on former President Donald J. Trump’s short list to serve on the Supreme Court after the death of Antonin Scalia in 2016.
Persons: Bryan, Judge Thomas M, Hardiman, Clarence Thomas, , , George W, Bush, Donald J, Antonin Scalia Organizations: U.S ., Appeals, Third Circuit Locations: Philadelphia, Pennsylvania
Mr. Biden is under investigation for several potential offenses, including whether he had lied on a federal firearms application in 2018 when asked if he was addicted to drugs. It is unclear if Mr. Weiss is receptive to that suggestion. A spokeswoman for Mr. Weiss did not immediately respond to a request for comment. At the time, Mr. Biden was struggling to remain sober. But such federal prosecutions are relatively rare, and seldom pursued as stand-alone charges.
Persons: Biden, Christopher Clark, Weiss, Hunter Biden, Bryan David Range, Hunter Biden’s Organizations: U.S ., Appeals, Third Circuit, Department, Alcohol, Tobacco, Firearms, Explosives Locations: U.S, Delaware, Pennsylvania
HOUSTON, May 8 (Reuters) - A U.S. court of appeals has granted Venezuela a temporary stay preventing six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The companies had won conditional attachments to a federal case in which the judge has approved a process to auction the shares to pay a $970 million judgment won by miner Crystallex. The six hold arbitration awards or judgments that total about $2.6 billion and wanted those awards to be included in the auction. The proposed auction, which could break up the seventh largest U.S. refiner to pay creditors, took a giant step forward last month with a greenlight from the U.S. Treasury. Washington has since recognized the opposition-led congress as the entity controlling the refining subsidiary, extending protection to prevent its breakup at the hands of Venezuela creditors.
Scott Sheffield, CEO of Club holding Pioneer Natural Resources (PXD), sees oil powering to $100 per barrel if hits $90. Yes, I am upset that they paid a higher price than I thought but that was because of a bidding war with Fortive (FTV). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.
Companies Johnson & Johnson FollowApril 10 (Reuters) - Johnson & Johnson's renewed effort to resolve talc lawsuits through an $8.9 billion bankruptcy settlement must be dismissed as a "fraudulent scheme" that defies a court order rejecting the company's previous attempt to settle the litigation, according to a court filing from lawyers representing cancer victims. Circuit Court of Appeals that it was not in sufficient "financial distress" to qualify for bankruptcy. J&J maintains that its talc products are safe and do not cause cancer. J&J did not provide an estimate of the total number of talc claims it faces when asked. That's especially true for J&J talc cases, because LTL's first bankruptcy stopped new lawsuits from being filed after October 2021, he said.
The Looting of Johnson & Johnson
  + stars: | 2023-02-04 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Trial lawyers don’t like threats to their business model, so they can thank the Third Circuit Court of Appeals for protecting the jackpot-justice status quo. A three-judge panel ruled this week that Johnson & Johnson can’t use the bankruptcy system to administer tens of thousands of talc claims, and it kicked the cases back to regular litigation. The fund the company created to pay talc claimants had too much money. In 2021, faced with proliferating lawsuits claiming that talcum powder caused a variety of ills, J&J restructured itself into two limited liability companies. One became “new” J&J and the other, called LTL, was given the talc liabilities and declared bankruptcy.
The ruling by a three-judge panel of the Philadelphia-based Third Circuit Court of Appeals can be appealed. A U.S. appeals court ruled that pharmaceutical companies can limit their shipments of federally-discounted drugs to pharmacies, in a major win for the drugmakers and a blow to hospitals and clinics that receive the low-priced medicines. The ruling on Monday, by a three-judge panel of the Philadelphia-based Third Circuit Court of Appeals, was in favor of drugmakers Sanofi SA, AstraZeneca PLC and Novo Nordisk A/S, and against the Health Resources and Services Administration, or HRSA, which oversees the federal drug-discount program known as 340B.
J&J said it will challenge the Third Circuit's ruling and continue to seek a resolution of the lawsuits in bankruptcy court. The appeals court was urged to dismiss the bankruptcy petition by plaintiffs suing over the talc products. The cancer victims asked the appeals court to overrule a New Jersey bankruptcy judge who had allowed LTL's bankruptcy to continue. LTL's bankruptcy filing automatically stopped lawsuits from proceeding against it, and U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey ruled in February that LTL's bankruptcy should also stop talc lawsuits from proceeding against parent company J&J. Kaplan said the bankruptcy court is better equipped to handle mass tort litigation than other courts.
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J&J said it will challenge the Third Circuit’s ruling and continue to seek a resolution of the lawsuits in bankruptcy court. The appeals court was urged to dismiss the bankruptcy petition by plaintiffs suing over the talc products. The cancer victims asked the appeals court to overrule a New Jersey bankruptcy judge who had allowed LTL’s bankruptcy to continue. LTL’s bankruptcy filing automatically stopped lawsuits from proceeding against it, and U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey ruled in February that LTL’s bankruptcy should also stop talc lawsuits from proceeding against parent company J&J. Kaplan said the bankruptcy court is better equipped to handle mass tort litigation than other courts.
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