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[1/2] E. Jean Carroll reacts as she exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, in New York City, U.S., May 9, 2023. Lawyers for Carroll, 79, also accused Trump of springing his counterclaim too late, to "hold up yet again this otherwise trial-ready, much-delayed case." Trump has appealed the $5 million verdict. A Jan. 15, 2024 trial is scheduled before U.S. District Judge Lewis Kaplan, who handled the earlier trial. The case is Carroll v Trump, U.S. District Court, Southern District of New York, No.

Persons: Jean Carroll, Donald Trump, Brendan McDermid, Trump's, Roberta Kaplan, Carroll, Trump, Carroll's, District Judge Lewis Kaplan, Jonathan Stempel, Howard Goller Organizations: U.S, REUTERS, Elle, CNN, District, Carroll, Trump, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, Southern District, Southern District of New York, New York

OTTAWA, July 11 (Reuters) - Canada's corporate ethics watchdog on Tuesday launched separate investigations into Nike Canada (NKE.N) and Dynasty Gold (DYG.V) to probe allegations that they used or benefited from forced Uyghur labor in their supply chains and operations in China. Nike Canada and Dynasty Gold are alleged to have or have had supply chains or operations in China identified as using or benefiting from the use of Uyghur forced labor, the Ombudsperson said in the statement. In the last couple of years several large U.S. and Canadian multinational companies have been accused of using Uyghur forced labor either directly or in their supply chains. The initial assessment into Nike details supply relationships with Chinese companies identified as using or benefiting from the use of Uyghur forced labor. The complaint against Dynasty Gold is that it benefited from the use of Uyghur forced labor at a mine in China in which the company holds a majority interest.

Persons: Ombudsperson Sheri Meyerhoffer, Ismail Shakil, Divya Rajagopal, Chris Reese, Sandra Maler Organizations: OTTAWA, Nike Canada, Responsible Enterprise, CORE, Reuters, U.S . Securities, Exchange Commission, Nike, Thomson Locations: China, Xinjiang, Beijing, Canadian, Ottawa, Toronto

☆ U.S. prosecutors probe ex-FTX executive Salame for campaign finance violations, Wall Street Journal reports
▼ + stars: | 2023-07-11 | by ( Shearman Real Estate Finance Partner Is Latest Exit As Merger Looms | Sara Merken | July | ) www.reuters.com time to read: +1 min

NEW YORK, July 11 (Reuters) - Former FTX cryptocurrency exchange executive Ryan Salame is under investigation by federal prosecutors for possible violations of campaign finance law, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Prosecutors are looking at money Salame gave his girlfriend, Michelle Bond, who ran unsuccessfully last year for the Republican nomination for a congressional seat in New York, as well as loans Bond made to her campaign, the Journal reported. A spokesman for the U.S. Attorney's office in Manhattan declined to comment. Neither Salame nor Bond has been accused of wrongdoing. Reporting by Luc Cohen in New York; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Ryan Salame, Salame, Michelle Bond, Bond, Sam Bankman, Luc Cohen, Chizu Organizations: YORK, Wall Street, Prosecutors, Republican, U.S, Thomson Locations: New York, Manhattan

☆ Watchdog with teeth can help EU hunt unicorns
▼ + stars: | 2023-07-11 | by ( Rebecca Christie | ) www.reuters.com time to read: +8 min

Yet the EU today is a long way from uniting its capital markets. By comparison, the United States has seven exchange groups, three listings exchanges and 16 trading exchanges, along with one clearing house and one depository. Bringing capital markets together through better regulation, as well as better market incentives, could keep the next generation of unicorns home. Follow @rebeccawire on TwitterCONTEXT NEWSEuropean Union leaders called for the EU to improve capital markets as part of a push for competitiveness at summits in March and June. Capital markets union is an EU endeavour launched in 2014 as a long-term project to boost investment across borders.

Persons: –, Austria’s i5invest, Backes, Magdalena Rzeczkowska, Nadia Calviño, ESMA, ” Calviño, won’t, centralisation, Francesco Guerrera, Oliver Taslic Organizations: Reuters, EU, ABC Fitness Solutions, Reuters Graphics Reuters, Canada, Berlin Brands Group, European Securities and Markets Authority, European, Central, Union, European Commission, Capital, Thomson Locations: BRUSSELS, Europe, China, Ukraine, Arkansas, London, Switzerland, United States, IPOs, Belgian, U.S, Paris, spillovers, Luxembourg, Poland, Brussels, EU, wean

☆ Analysis-New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'
▼ + stars: | 2023-07-10 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

(Reuters) - A new Missouri securities rule offers a template for Republican U.S. state officials who want to advance an “anti-woke” business agenda even as such ideas struggle for legislative backing. Ashcroft acted after Republican lawmakers failed to pass a similar measure during the state’s legislative session that ended on May 12, amid infighting over which bills should be prioritized. Concerns over costs, bureaucracy and economic fallout led to bills stalling or passing in weakened form even in so-called red states, where Republicans dominate state government. Several corporate attorneys said other Republican officials may adopt Ashcroft’s playbook and act on their own. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January.

Persons: Shannon Stapleton, John “ Jay ” Ashcroft, Ashcroft, “, ” overreach, Ashcroft’s, ”, Beth I.Z, Boland, Lardner, Larry Fink, ’ Ashcroft, ” Ashcroft, can’t, Dan Mehan, Lance Dial, Chuck Gray, West, Ron DeSantis, Walt Disney Organizations: Reuters, Republican U.S, REUTERS, Merriam, Webster, Strategy, “, Foley, Republicans, Morningstar, BlackRock, state’s, Representatives, Republican, Missouri Chamber of Commerce, Missouri, Florida Locations: Missouri, Appleton City , Missouri, U.S, Boston, Wyoming, ESG

☆ Major business group slams disclosure rules as House Republicans probe ESG investing
▼ + stars: | 2023-07-10 | by ( Emily Wilkins | ) www.cnbc.com time to read: +2 min

WASHINGTON – As Republicans in the House dig in to investigate environmental, social and governance, or ESG, investing, a major industry group that represents thousands of companies is urging them to make reforms. The letter is addressed to committee Chairman Rep. Patrick McHenry, R-N.C., and ranking member Rep. Maxine Waters, D-Calif. The letter underscores the business muscle behind the GOP's battle against policies that back ESG investing. ESG investing has become a heated policy battleground. Progressive Democratic lawmakers have pushed back, arguing that considering ESG makes investors more aware of potential risks and opportunities.

Persons: Patrick McHenry, Maxine Waters, David Marcus, Facebook’s Calibra, McHenry, ESG Organizations: Financial, Consumers, Investors, American, WASHINGTON –, National Association of Manufacturers, Financial Services Committee, SEC, CNBC, NAM, Johnson, Exxon Mobil, Pfizer, Progressive Democratic Locations: Washington , U.S, R

☆ Analysis: New anti-ESG rule in Missouri offers US Republicans another path away from 'wokeness'
▼ + stars: | 2023-07-10 | by ( Ross Kerber | ) www.reuters.com time to read: +6 min

Ashcroft acted after Republican lawmakers failed to pass a similar measure during the state's legislative session that ended on May 12, amid infighting over which bills should be prioritized. Concerns over costs, bureaucracy and economic fallout led to bills stalling or passing in weakened form even in so-called red states, where Republicans dominate state government. Several corporate attorneys said other Republican officials may adopt Ashcroft's playbook and act on their own. According to a spokesperson, Ashcroft initiated the rulemaking before the legislative session began, essentially as a backup plan in case lawmakers did not act on the same idea introduced in January. EXTRA ARROWSFinancial executives who so far have avoided the strongest laws worry that the possibility of executive or administrative actions, as in Missouri, gives state officials flexibility to keep up the pressure.

Persons: Shannon Stapleton, Walt Disney, Missouri's, John " Jay, Ashcroft, Ashcroft's, Beth I.Z, Boland, Lardner, Larry Fink, Dan Mehan, Lance Dial, Chuck Gray, West, Ron DeSantis, Ross Kerber, Greg Roumeliotis, Anna Driver, Matthew Lewis Organizations: REUTERS, Walt, Republican U.S, Merriam, Webster, Strategy, Foley, Republicans, Morningstar, BlackRock, Reuters Graphics, Reuters, state's, Representatives, Republican, Missouri Chamber of Commerce, Missouri, Florida, Thomson Locations: Appleton City , Missouri, U.S, Missouri, Boston, BLK.N, Wyoming, ESG

July 9 (Reuters) - Comedian Sarah Silverman and two authors have filed copyright infringement lawsuits against Meta Platforms (META.O) and OpenAI for allegedly using their content without permission to train artificial intelligence language models. The proposed class action lawsuits filed by Silverman, Richard Kadrey and Christopher Golden in San Francisco federal court Friday allege Facebook parent company Meta and ChatGPT maker OpenAI used copyrighted material to train chat bots. Meta and OpenAI, a private company backed by Microsoft Corp (MSFT.O), did not immediately respond to requests for comment on Sunday. Silverman, Kadrey and Golden allege Meta and OpenAI used their books without authorization to develop their so-called large language models, which their makers pitch as powerful tools for automating tasks by replicating human conversation. The lawsuit against OpenAI alleges that summaries of the plaintiffs’ work generated by ChatGPT indicate the bot was trained on their copyrighted content.

Persons: Sarah Silverman, Silverman, Richard Kadrey, Christopher Golden, OpenAI, Kadrey, Jack Queen, Lincoln Organizations: Meta, Facebook, Microsoft Corp, Thomson Locations: San Francisco federal

WASHINGTON, July 8 (Reuters) - A Tennessee law prohibiting doctors from providing medical care such as puberty-blockers and gender affirming surgery for transgender minors can go into effect immediately, a U.S. appeals court ruled Saturday. Tennessee's law is part of a growing series of efforts by Republican lawmakers to impose new restrictions on medical care for transgender youths. The appeals court's decision Saturday said that absent a clear showing that Tennessee's law violated the Constitution, choices about medical care and protecting minors are best settled by state legislatures. Judge Helen White said she believed Tennessee's law "is likely unconstitutional" as a type of sex discrimination. Sutton wrote that the appeals court will try to reach a final decision about Tennessee's law by Sept. 30.

Persons: construing, Jeffrey Sutton, Lawmakers, Helen White, Sutton, Brad Heath, Daniel Wallis Organizations: U.S, Appeals, Sixth Circuit, . Constitution, Republican, Thomson Locations: Tennessee, U.S, .

☆ Activist Starboard prepares the groundwork to reduce leverage and build value at Algonquin Power
▼ + stars: | 2023-07-08 | by ( Kenneth Squire | ) www.cnbc.com time to read: +6 min

Business: Algonquin Power is a renewable energy and utility company that provides energy and water solutions and services in North America and internationally. Algonquin Power is a utility company based in Canada with most of its assets in the United States. Instead, the acquisition would have added to an already over-leveraged balance sheet, putting Algonquin Power in an even less stable financial position. So, companies like Algonquin Power will close facilities and retire equipment and build new facilities and buy new equipment that can be added back into the rate base. Algonquin Power is a holding in the fund.

Persons: Arun Banskota, Ken Squire, Squire Organizations: Algonquin Power, Algonquin Power's, Kentucky Power, Federal Energy Regulatory, JPMorgan, 13D, Algonquin Locations: Algonquin, North America, Canada, United States, EBITDA

☆ Republicans question BlackRock fund governance, revisiting old concerns
▼ + stars: | 2023-07-07 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

July 7 (Reuters) - A group of 15 Republican state attorneys general have questioned whether directors of BlackRock mutual funds are sufficiently independent of the world's largest asset manager. The letter was addressed to ten individuals listed in a BlackRock filing as nominees to a board that oversees BlackRock closed-end mutual funds. Among other things, they said BlackRock fund trustees who serve as directors of companies where BlackRock owns more than 5% of shares could lead to independence concerns. They also cite how BlackRock fund directors are responsible for dozens of funds - exceeding BlackRock's own "overboarding" guideline for public company boards. Critics have raised similar issues in the past about whether well-paid mutual fund directors are positioned to speak up.

Persons: Austin Knudsen, Ross Kerber, Diane Craft Organizations: Republican, Reuters, Montana Attorney, BlackRock, AGs, Thomson Locations: Montana, BlackRock

The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout closed, huge "success" fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. "Wachtell arranged to effectively line its pockets with funds from the company cash register while the keys were being handed over" to Musk, the complaint said. Musk wants to recoup "excess" fees that Wachtell charged under an agreement signed on the day of closing by one of its partners and Twitter's chief legal officer Vijaya Gadde. The case is X Corp v Wachtell, Lipton, Rosen & Katz, California Superior Court, County of San Francisco, No.

Persons: Elon Musk, Wachtell, Lipton, Katz, Musk, Vijaya Gadde, Martha Lane Fox, Sean Edgett, Mark Zuckerberg's, Carl Icahn, Icahn, Jonathan Stempel, Marguerita Choy Organizations: Rosen, Twitter, Musk's X Corp, California Superior Court, Tesla Inc, SpaceX, Fox, CVR Energy, X Corp, Thomson Locations: California, San Francisco, Delaware, Katz , California, Court, County, New York

July 7 (Reuters) - A U.S. court of appeals on Friday rejected Venezuela's bid to prevent six companies from joining a proposed court auction of shares in a Citgo Petroleum parent to enforce judgments for past expropriation of assets. The decision allows the six to move ahead with their about $3 billion in combined claims against Venezuela state oil firm PDVSA in a Delaware federal court. That court is in the initial steps of preparing an auction as soon as September. It also declined to consider PDVSA's request to bar the attachments from the district court case. Reporting by Gary McWilliams; Editing by Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Venezuela's, Crystallex, Gary McWilliams, Daniel Wallis Organizations: Petroleum, Huntington Ingalls Industries, ACL1 Investments, Koch Minerals, Rusoro Mining, PDV, Thomson Locations: Venezuela, Delaware

July 7 (Reuters) - Cryptocurrency firm Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued Digital Currency Group (DCG) and its CEO on Friday after a dispute over a restructuring deal for the venture capital firm's troubled unit. DCG and Gemini, the two most prominent players in the crypto industry, have clashed several times over the past few months following the collapse of Genesis, which had filed for bankruptcy in January. Gemini has accused DCG and CEO Barry Silbert of "fraud" and "deception." The dispute came to a head earlier this week after Gemini set a deadline to come to terms on a restructuring agreement by Thursday afternoon, failing which it would pursue litigation. Reporting by Niket Nishant in Bengaluru; Editing by Maju Samuel and Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Gemini, DCG, Barry Silbert, Genesis, Niket, Maju Samuel, Shinjini Organizations: Digital Currency Group, Thomson Locations: Bengaluru

Crocs sued Joybees in federal court on Thursday, expanding on a separate lawsuit that the Colorado-based company filed in 2021. The new complaint, accusing Joybees and its chief executive of unfair competition, came a day after Joybees filed claims in the same court against Crocs. Joybees also said it was seeking a declaration that its shoes had not violated Crocs' intellectual property protections. Joybees, according to Crocs' lawsuit, hired key operations and manufacturing employees from Crocs. The cases are Crocs Inc v Joybees LLC, U.S. District Court for the District of Colorado, 1:23-cv-01719-NRN and 21-cv-02859-PAB-MEH.

Persons: Crocs, Joybees, Kellen McCarvel, McCarvel, Porter Kaye Scholer, Jonathan Cooperman, Kelley Drye, Chad Nitta, Rock, Saul Rostamian, Sheppard Mullin, Mike Scarcella, Leigh Jones Organizations: Colorado Joybees, Crocs, Joybees, Investment, District of, Arnold, Warren, Thomson Locations: Colorado, Denver, Crocs, District of Colorado

The court's conservative majority has taken an expansive view of Second Amendment rights in a nation facing persistent gun violence including mass shootings. The court has widened gun rights in three major rulings since 2008. "The stakes are high for those experiencing domestic violence if violent partners can legally possess firearms," Lungwitz said. The National Rifle Association, an influential gun rights group, did not respond to a request for comment. "By removing those kinds of considerations, it makes constitutional law - and Second Amendment law, in particular - even more removed from the way that ordinary citizens think about constitutional protections."

Persons: Joe Biden's, Zackey Rahimi, Rahimi, Janet Carter, Bruen, James Ho, Donald Trump, Elizabeth Prelogar, Lungwitz, Jacob Charles, Charles, John Kruzel, Will Dunham, Scott Malone Organizations: U.S, Supreme, New York, Circuit, Appeals, Republican, University of Texas School, Law's, Violence, Democratic, National Rifle Association, Pepperdine University Caruso School of, Thomson Locations: WASHINGTON, Texas, New York, New Orleans

July 7 (Reuters) - A former U.S. Army financial counselor from New Jersey was criminally charged on Friday with defrauding grieving military families out of life insurance payments, causing millions of dollars of losses while reaping big commissions for himself. The U.S. Department of Justice charged Caz Craffy, 41, of Colts Neck, New Jersey, through a 10-count indictment with wire fraud, securities fraud and making false statements targeting members of at least two dozen Gold Star families. Craffy "preyed upon these vulnerable families," U.S. Attorney Philip Sellinger in New Jersey said at a news conference. Craffy, who is also known as Carz Craffey, also faces civil charges from the U.S. Securities and Exchange Commission. Gold Star families include people who have immediate family members who died in active duty.

Persons: Caz Craffy, Philip Sellinger, Craffy, Mark Berman, Sellinger, Gurbir Grewal, Grewal, Jonathan Stempel, Daniel Wallis Organizations: U.S, Army, U.S . Department of Justice, Gold Star, U.S . Securities, Exchange Commission, Star, Authorities, SEC, Thomson Locations: New Jersey, , New Jersey, New York

Lawyers for Dimon, the bank's chief executive, and Staley, a former private banking and investment banking chief, urged a dismissal in filings late Thursday in Manhattan federal court. Lawyers for Dimon and the directors said there was no showing that either knowingly ignored red flags about Epstein, or that Dimon was involved in keeping Epstein as a client. The so-called derivative lawsuit seeks to have the defendants or their insurers pay damages to JPMorgan, benefiting shareholders. It is also defending against a lawsuit by the U.S. Virgin Islands, where Epstein owned two neighboring private islands. Staley has expressed regret for his friendship with Epstein and denied knowing about his sex trafficking.

Persons: Jamie Dimon, Jes Staley, Jeffrey Epstein, Staley, Epstein, Dimon, Jonathan Stempel, David Holmes Organizations: YORK, JPMorgan Chase's, Dimon, JPMorgan, Lawyers, U.S ., Barclays, Miami General Employees & Sanitation Employees, Court, Southern District of, Thomson Locations: Manhattan, Miami, Pittsburgh, U.S . Virgin Islands, New York, U.S, Southern District, Southern District of New York

[1/2] Activists take part in a tribute to the victims of the August 3, 2019 Walmart shooting in El Paso, at Ponder Park in El Paso, Texas, U.S., August 3, 2021. REUTERS/Jose Luis Gonzalez/File PhotoCompanies Walmart Inc FollowJuly 7 (Reuters) - A federal judge on Friday sentenced a white supremacist to 90 consecutive life terms in prison for a 2019 shooting in which he killed 23 people and wounded 22 others at a Texas Walmart while targeting Hispanics, the El Paso Times newspaper reported. The shooter still faces Texas state charges that could result in the death penalty. Just before the assault, the shooter posted on the internet a manifesto that declared, "This attack is a response to the Hispanic invasion of Texas. He's going to be serving 90 consecutive life sentences."

Persons: Jose Luis Gonzalez, David Guaderrama, Patrick Crusius, Genesis Davila, Thomas Hoffman, Alexander Hoffman, Prosecutors, Joe Spencer, Spencer, Daniel Trotta, Brad Brooks, Paul Thomasch Organizations: Walmart, REUTERS, Texas Walmart, El Paso Times, U.S, District, Dallas Morning News, AK, Thomson Locations: El Paso, El Paso , Texas, U.S, Texas, Hell, Dallas, Romanian

NEW YORK, July 6 (Reuters) - The National Labor Relations Board on Thursday sued Starbucks (SBUX.O) over the coffee chain's refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. The petition seeks an injunction to block Starbucks from firing or disciplining workers, denying them higher wages and benefits, or forcing them to reapply for jobs because of their union activities. It also seeks to require Starbucks to offer jobs, with back pay and benefits, to the 33 people it let go. Starbucks ended its last fiscal year with 15,873 U.S. stores, of which 9,265 were company-operated and 6,608 were licensed. The case is Hooks v Starbucks Corp, U.S. District Court, Western District of Washington, No.

Persons: Jonathan Stempel, Daniel Wallis Organizations: YORK, National Labor Relations, Starbucks, Heritage, Starbucks Corp, Western District of Washington, Thomson Locations: Seattle, Pike, U.S, Western District, New York

Reuters GraphicsAnalysts said the data underlined that once-booming ESG funds were no longer immune from wider market dynamics. BELOW PEAKNet assets across ESG funds fell in the second quarter and to below recent peaks, according to Refinitiv. Morningstar's global director of sustainability research, Hortense Bioy, said their preliminary data suggested demand for more stringent ESG funds appeared resilient. However, she said that managers' desire to meet European Union regulations had encouraged some firms to reclassify their ESG funds as traditional products, impacting investor flows. The anti-ESG backlash had also hit U.S. firms' appetite for marketing sustainable funds, "which has had an impact on sales," Bioy said on the sidelines of a conference this week.

Persons: outpacing, Edward Glyn, ESG, Hortense Bioy, Bioy, Tommy Reggiori Wilkes, Patturaja, David Holmes Organizations: Equity, Reuters, Reuters Graphics Analysts, outflows, ESG, Reuters Graphics, Thomson Locations: Europe, United States, Calastone

July 6 (Reuters) - Donald Trump aide Walt Nauta is set to enter a plea on Thursday in Miami federal court on charges he helped the former U.S. president hide top secret documents that Trump took when he left the White House in 2021. Trump, front-runner for the 2024 Republican presidential nomination, pleaded not guilty to 37 criminal counts for allegedly retaining national security documents without authorization and obstructing justice. Nauta, a former White House valet and now a Trump aide, faces six counts of conspiracy to obstruct justice, false statements, and withholding and concealing documents. Prosecutors allege Nauta hid boxes of documents from Trump's lawyers who were searching for classified material sought by the U.S. Justice Department. Legal experts have said the complexities surrounding the use of highly classified documents as evidence are likely to delay Trump's trial.

Persons: Donald Trump, Walt Nauta, Trump, White, Nauta, Prosecutors, Aileen Cannon, Cannon, Jack Queen, Jacqueline Thomsen, Amy Stevens, Howard Goller Organizations: White House, Trump, Prosecutors, U.S . Justice Department, U.S, Thomson Locations: Miami, Florida, New York

WASHINGTON, July 5 (Reuters) - TikTok Inc on Wednesday asked a U.S. judge to block enforcement of a Montana state ban on use of the Chinese-owned app before it takes effect on Jan. 1. Chandlee said if the ban takes effect "we expect that additional advertisers and business partners will pull back from working with TikTok Inc (which is the entity that receives income from U.S. advertisers, including in Montana)." Montana could impose fines of $10,000 for each violation by TikTok. TikTok estimates 380,000 people in Montana use the video service, or more than a third of the state's 1.1 million people. TikTok's lawsuit names Montana Attorney General Austin Knudsen, who is charged with enforcing the law.

Persons: China's ByteDance, Donald W, Molloy, Blake Chandlee, TikTok, Chandlee, Donald Trump, Austin Knudsen, David Shepardson, Himani Sarkar, Robert Birsel Organizations: Inc, Wednesday, U.S, District, TikTok, Business, Constitution's, TikTok Inc, HK, Montana Attorney, Thomson Locations: Montana

The cases involve what has come to be known as the "administrative state," the agency bureaucracy that interprets laws, crafts federal rules and implements executive action. It also could overturn a decades-old precedent that helps federal agencies defend their regulatory actions in court. The case involves a lawsuit by trade groups representing the payday loan industry against the agency that enforces consumer financial laws. The companies asked the court to overturn its own precedent that calls for judges to defer to federal agency interpretation of U.S. laws, a doctrine called "Chevron deference." The court's embrace of the "major questions" doctrine has provided a seismic shift in its approach toward agency power.

Persons: Brianne Gorod, Jonathan Adler, Joe Biden's, Sarah Harris, Elena Kagan, Thomas McGarity, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S, Supreme, Environmental Protection Agency, Constitutional, Center, Consumer Financial Protection Bureau, Securities and Exchange Commission, SEC, Case Western Reserve University School of Law, University of Texas, Thomson Locations: WASHINGTON, Cleveland, New Jersey, New York, Washington

☆ Exclusive: Insurers look to ease UN climate alliance rules after member exodus - sources
▼ + stars: | 2023-07-04 | by ( Tommy Wilkes | ) www.reuters.com time to read: +5 min

The U.N.-convened Net-Zero Insurance Alliance (NZIA) is set to remove a six-month deadline for members to publish greenhouse gas emissions targets alongside other changes to make membership less prescriptive, the sources said. The hope is to "steady the ship" and create space for ex-members to consider returning later, they said. The changes under discussion have not been finalised, the sources said, and it's not clear how the alliance would deal with insurers that drag their feet in publishing targets. Remaining members believe the NZIA still has a valuable role, and point to methodologies it developed for assessing and reporting on underwriting-linked emissions. France's AXA, which chaired the NZIA before quitting in May, last week published its first emissions goals for its insurance portfolio.

Persons: Italy's, Peter Bosshard, Bosshard, Canada's Beneva, Tommy Reggiori Wilkes, Greg Roumeliotis, Simon Jessop, Emelia, David Evans Organizations: Zero Insurance Alliance, United, Zero Insurance, AXA, Tokio, Republican, Glasgow Financial Alliance, Aviva, Alliance, Insurance Australia Group, France's AXA, Thomson Locations: United Nations, London, United States, U.S

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