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☆ Explainer: What's next in FTX's bankruptcy
▼ + stars: | 2022-11-16 | by ( Dietrich Knauth | ) www.reuters.com time to read: +4 min

Here is what likely awaits in the case:WHERE DO THINGS STAND IN FTX'S BANKRUPTCY CASE? About 130 FTX affiliates have filed for bankruptcy in Delaware, and the company has selected a new CEO, bankruptcy attorneys at Sullivan & Cromwell and financial advisers at Alvarez & Marsal. WHAT OTHER RISKS DO FTX CUSTOMERS FACE? The bankruptcy might result in the publication of FTX customers' names, email addresses and transaction history. The courts' preference for transparency are at odds with crypto customers' expectations of anonymity.

SummarySummary CompaniesCompanies Related documents The moves could prompt other law schools to follow suitU.S. News' law school rankings loom large in the legal industry(Reuters) - Yale Law School and Harvard Law School both said Wednesday they will no longer participate in U.S. News & World Report’s annual ranking of law schools, marking the biggest shakeup to the closely watched list in years. 1 spot every year since U.S. News began ranking law schools in 1990, was first to announce the decision. U.S. News’ law school rankings loom large in the legal industry, which highly values prestige. Yale and Harvard will not disappear from the law school rankings, however. (NOTE: This story has been update to include Harvard Law School's decision to not participate in the U.S. News rankings.)

☆ Would Twitter get online publisher immunity in fake 'blue check' suits?
▼ + stars: | 2022-11-14 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

(Reuters) - Twitter Inc’s introduction last week of a new subscription system to dole out blue-check verification badges was a flop by any standard. Edelson's preliminary theory: By awarding verification badges to the fake corporate tweeters, Twitter enabled the imposters to trick consumers and even shareholders. (Eli Lilly and Co and Lockheed Martin Corp both experienced sharp, if temporary, stock drops after tweets from corporate accounts that carried the blue-check verification.) Twitter also did not respond to my email query about potential private lawsuits arising from last week’s fake tweets. What about shareholders or consumers who claim to have been duped by tweets from fake corporate accounts?

The injunction will put the program on hold pending an appeal of a lower court ruling that had allowed the debt relief program to go forward. The Biden administration could ask the Supreme Court to lift the injunction. "The injunction will remain in effect until further order of this court or the Supreme Court of the United States," a three-judge panel of the appeals court said in its ruling. Monday's decision by the appeals court came after six GOP-led states argued in a lawsuit that the loan relief program threatens their future tax revenues, and that the plan circumvents congressional authority. The ruling by 8th Circuit Court of Appeals in St. Louis is the latest in a series of legal challenges to President Joe Biden's plan to cancel up to $20,000 in student debt for millions of Americans.

☆ Biden Administration stops taking applications for student loan forgiveness
▼ + stars: | 2022-11-11 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

U.S. President Joe Biden is flanked by U.S. Secretary of Education Miguel Cardona as he speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022. The Biden administration has stopped accepting applications for federal student loan forgiveness after a court struck down its plan on Thursday evening. "Courts have issued orders blocking our student debt relief program," according to a note on the forgiveness application page at Studentaid.gov. "Amidst efforts to block our debt relief program, we are not standing down." "Judge Pittman's decision was about as wrong and weird as any federal court ruling I can recall reading," Tribe said.

☆ Defamation Lawsuits Dropped in Jeffrey Epstein Saga
▼ + stars: | 2022-11-08 | by ( James Fanelli | ) www.wsj.com time to read: 1 min

Virginia Roberts Giuffre stated she now recognizes that she might have made a mistake in identifying Alan Dershowitz as one of her alleged abusers. Jeffrey Epstein accuser Virginia Giuffre , her lawyer David Boies and the disgraced financier’s former attorney Alan Dershowitz said Tuesday that they have dropped their defamation lawsuits against one another, ending a yearslong feud involving two of the nation’s best-known attorneys. The litigation stemmed from Ms. Giuffre previously alleging that Epstein, who died by suicide in a New York federal jail in 2019 while awaiting trial on sex-trafficking charges, sexually abused her as a minor and prostituted her to Mr. Dershowitz and other associates. In 2018, Mr. Dershowitz, a retired Harvard Law School professor, denied he sexually abused Ms. Giuffre and accused Mr. Boies of professional misconduct and extortion.

☆ Republican incumbent Sen. Mike Crapo faces off against Democrat David Roth in Idaho's US Senate election
▼ + stars: | 2022-11-08 | by ( Hanna Kang | ) www.businessinsider.com time to read: +4 min

Sen. Mike Crapo is running against Democrat David Roth to represent Idaho in the US Senate. Idaho's Senate race candidatesFirst elected in 1998, Crapo has served in Congress for nearly a quarter of a century. Prior to entering Congress, the native Idahoan served for nearly a decade in the Idaho State Senate and for three terms in the US House. Roth unsuccessfully ran for the Idaho State Legislature in 2020. Idaho's voting historyThe state voted for then-President Donald Trump over Joe Biden by a margin of about 30 percentage points in the 2020 election.

☆ As election nears, some conservative groups have ramped up anti-trans campaign ads
▼ + stars: | 2022-11-05 | by ( Matt Lavietes | Matt Lavietes Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +10 min

In the last leg of what has been a heated midterm election cycle, some conservative groups have ramped up misleading or inflammatory campaign ads targeting transgender rights, which have become an increasingly partisan and divisive issue. Within the last several weeks, the American Principles Project aired campaign ads in six battleground states, the group wrote on Twitter. Justin Unga, the director of strategic initiatives for the Human Rights Campaign, said ads targeting transgender rights can have real-world ramifications. A record 346 anti-LGBTQ bills have been filed in state legislatures around the country this year, including 145 that restrict transgender rights, according to the Human Rights Campaign. Many of the recent campaign ads targeting transgender rights were directed at Black and Latino voters, according to the Human Rights Campaign.

☆ 26 million borrowers have applied for student loan forgiveness. But GOP challenges put plan at risk
▼ + stars: | 2022-11-03 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

SKLA | iStock | Getty ImagesClose to 26 million Americans have applied for student loan forgiveness, and the Biden administration has already approved 16 million of the requests, the White House said Thursday. Yet its entire loan cancellation plan could be in jeopardy due to the legal challenges brought by Republicans, it warned. "If Republican officials get their way, tens of millions of Americans' monthly costs will rise dramatically when student loan payments resume next year," according to a statement by the administration. Most recently, a legal challenge from six GOP-led states temporarily stopped the administration from starting to forgive borrowers' debt. Tribe agreed, and said the other challengers also were on shaky legal standing.

☆ Far-right figures appear to be testing Twitter's boundaries for anti-LGBTQ speech
▼ + stars: | 2022-10-31 | by ( Matt Lavietes | Matt Lavietes Is A Reporter For Nbc Out. | ) www.nbcnews.com time to read: +7 min

Shields did not respond to NBC News' request for comment. The word “grooming” has long been associated with mischaracterizing LGBTQ people, particularly gay men and transgender women, as child sex abusers. The day before, within hours of Musk's Twitter acquisition, the far-right account Libs of TikTok — which has over 1.4 million Twitter followers and has largely built its following by mocking liberals — tweeted out a post with the word "groomer" written over a dozen times. The far-right celebration comes as homophobic and transphobic slurs and rhetoric have had a resurgence within Republican politics this year. Twitter did not immediately respond to a request for comment concerning several of the more high-profile tweets that included anti-LGBTQ slurs or sentiments.

☆ Investors who stuck it out for Musk's Twitter deal set to reap rewards
▼ + stars: | 2022-10-28 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +4 min

[1/3] The Twitter logo is seen on the floor at the New York Stock Exchange in New York, November 7, 2013. If the deal had collapsed, the price floor for Twitter stock would have been "unknown", White said, adding that investors waged their risk on Delaware Chancery court, where corporate disputes are resolved. Investors sold 107,626 million Twitter shares in the second quarter, regulatory filings and Symmetric.io data show, with activist investors and tech oriented funds leading the sales. As the stock price dropped early in the third quarter, some investors saw a chance to buy in for cheap. that Twitter investors were not trapped.

The Supreme Court is scheduled to hear arguments in the two cases on Monday, with rulings due by the end of June. Blum's goal is for the Supreme Court to overturn its own precedents allowing race as a factor in admissions. Blum raised more than $8 million from 2015 to 2020 for Students for Fair Admissions, most going to covering legal fees. No Students for Fair Admissions members served as plaintiffs or testified in court in the Harvard and UNC cases as the group lost in lower courts. The Supreme Court in January agreed to hear appeals backed by Blum in both cases.

☆ Biden's student loan forgiveness plan is on hold. Here are key issues borrowers need to know
▼ + stars: | 2022-10-24 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Porquenostudios | Istock | Getty ImagesFor those with student debt, the last few months may have given you whiplash. Here's what borrowers need to know about the development, and what it could mean for your student debt. They filed an appeal, and asked the court to stay the president's plan, which was supposed to start unfolding as early as this week, while their request is considered. Circuit Court of Appeals granted the states' emergency petition, leaving the Biden administration unable to start forgiving any student debt for now. The U.S. Department of Education had said borrowers who hold these FFEL, or Federal Family Education Loans, can take this step to qualify for its relief.

☆ Copycatting lawsuits hit new media as TikTok creators, game designers and Instagrammers are sued
▼ + stars: | 2022-10-22 | by ( Alexandra Peers | Cnn Business | ) edition.cnn.com time to read: +7 min

A series of hot-button lawsuits have linked all those unlikely creators and platforms in litigation that goes as high as the US Supreme Court. The litigation deals with issues of intellectual property, copyright infringement and fair use in a rapidly changing new-media landscape. She won, but not much: $3,750, because the court ruled that, though her copyright had been violated, her tattoos didn’t impact game profits. It was a huge hit on TikTok, in part because the duo invited feedback and participation, making it a crowd-sourced artwork. But when the creators took their show on the road and sold tickets, Netflix sued.

☆ Biden administration could start forgiving student debt as soon as Oct. 23
▼ + stars: | 2022-10-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The Biden administration could start discharging millions of Americans' student debt as soon as this Sunday, Oct. 23. This is possible as some of the legal challenges brought against the sweeping policy by critics fail in courts. A taxpayers' group in Wisconsin earlier this week requested that the U.S. Supreme Court immediately block Biden's plan to cancel up to $20,000 in federal student debt for borrowers, but the court refused to do so. Judge Henry E. Autrey of the Federal District Court in St. Louis said the states did not have sufficient standing to sue. Although there are a number of other legal challenges to the president's plan outstanding, the Biden administration is moving forward with its plan to cancel student debt.

Congressional Republicans introduced what some are calling a national version of Florida’s Parental Rights in Education bill — or what critics have dubbed the “Don’t Say Gay” bill. It would prohibit schools, for example, from providing sex education or library books that include LGBTQ topics to children under 10. Advocates say the law stigmatizes LGBTQ families and queer youths, who already face disproportionate rates of bullying and harassment at school. Let’s call this what it is, a national ‘Don’t Say Gay’ bill.”But some advocates say the federal bill would actually go further than Florida’s measure, because its impacts would extend outside just classrooms to any institution, program or event that receives federal funding or takes place on federal property. “No child should ever be exposed to sexual exhibitions like drag shows in public places, whether that’s at a public library or a public park,” he said.

The spin-out structure would make it easier and faster for Kroger and Albertsons to divest stores if they cannot easily sell them outright, people familiar with the arrangement said. The companies may struggle to find many buyers because Albertsons' stores are unionized, making them less attractive to potential bidders such as private equity firms. Kroger and Albertsons are likely to shed their least profitable stores and keep the best ones to themselves, analysts said. That region contains the most store-overlap between Kroger and Albertsons and is where divestitures are most likely, according to analysts. They intend for the spun-off company to not carry any debt, the sources added.

☆ Obama says he 'used to get into trouble' for being 'too professorial' while discussing policy matters as president: 'That's not how people think about these issues'
▼ + stars: | 2022-10-15 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Obama said he sometimes got into "trouble" for being "too professorial" while in the White House. The ex-president said on "Pod Save America" he was sometimes wordy when discussing policy matters. "That's not how people think about these issues," he said during a newly-released podcast episode. And that's not how people think about these issues," Obama told hosts Jon Favreau, Dan Pfeiffer, Jon Lovett, and Tommy Vietor — all former staffers in his administration. He went on to win the 2008 election — becoming the first Black president in the country's history — and was reelected in 2012.

The case centers on how courts decide when an artist makes "fair use" of another's work under copyright law. The Supreme Court will hear arguments in the estate's appeal of a lower court's decision favoring Goldsmith. The Supreme Court's eventual decision could have broad or narrow implications for fair use depending on the ruling, Tushnet said. The Warhol estate told the Supreme Court the 2nd Circuit's decision "casts a cloud of legal uncertainty over an entire genre of visual art, including canonical works by Andy Warhol and countless other artists." Goldsmith's lawyers told the Supreme Court that a ruling favoring the foundation would "transform copyright law into all copying, no right."

☆ Meet the 2022 Supreme Court clerks: 38 lawyers who could be tomorrow's politicians, judges, and influential strategists
▼ + stars: | 2022-10-07 | by ( Jack Newsham | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

Justice Ketanji Brown Jackson's ClerksSupreme Court Nominee Judge Ketanji Brown Jackson. In the interim, Murray has had several different jobs, most recently as an associate professor at Columbia University Law School, where he focused on "constitutional law, election law, and race and the law, among other topics." Michael F. QianQian is no stranger to a SCOTUS clerkship, having worked in the chambers of Justice Ruth Bader Ginsburg from 2019 to 2020. She previously worked at the law firm Hogan Lovells, where she was on a team that helped a Colorado prisoner with an appeal to the Supreme Court. Before clerking for Judge Jackson, Salmanowitz clerked for Judge Paul Watford on the Ninth Circuit.

☆ 28-year-old Harvard grad who quit his $200,000 job: Here's the biggest downside of success 'no one talks about'
▼ + stars: | 2022-10-06 | by ( Julian Sarafian | ) www.cnbc.com time to read: +3 min

Julian Sarafian, a graduate of University of California, Berkeley and Harvard Law School, quit his $200,000-per-year job in 2021 to manage his anxiety and depression. In 2018, after graduating from Harvard Law School, I landed my dream job at a top law firm in California. But here's the biggest downside of success that no one talks about: the deep anxiety — and eventual depression — that often goes ignored. From Harvard Law to severe anxiety and depressionMy grandmother and I were very close. When the pandemic hit in 2020, my mental health spiraled even more, and I found myself unable to keep up with my workaholic habits.

☆ I quit a $200,000 Silicon Valley law job because it wasn't worth the toll on my mental health. Here's why I have no regrets.
▼ + stars: | 2022-10-06 | by ( Nada Shalash | ) www.businessinsider.com time to read: +6 min

Julian Sarafian, a young graduate of UC Berkley and Harvard Law School, was an ideal law candidate. He said he'd ignored symptoms of worsening mental health during his studies and focused on success. After three years at a Silicon Valley law firm, Sarafian quit and became a mental health advocate. I was a high-school valedictorian, received my undergraduate degree from UC Berkeley in just three years, and graduated from Harvard Law School at 24. I decided to start my law firm — For Creators, By Creators PC — in May 2022 and represent content creators and influencers.

☆ What the first legal challenge to derail Biden's student loan forgiveness plan means for borrowers
▼ + stars: | 2022-09-28 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

A lawyer working for a conservative legal group this week brought the first legal challenge to President Joe Biden's sweeping plan to cancel up to $20,000 in student debt for millions of Americans. "Nothing about loan cancellation is lawful or appropriate," Frank Garrison, an attorney at Pacific Legal Foundation, said in a complaint filed in federal court in U.S. District Court for the Southern District of Indiana. Garrison is asserting that he could be harmed by Biden's loan forgiveness in the form of a tax bill. Canceled student debt can be considered taxable income. Currently, Garrison is pursuing a government program that leads to tax-free debt cancellation, known as public service loan forgiveness, but he says Biden's plan could now cause him to get a $1,000 state tax bill.

☆ Why does work feel so dysfunctional right now? A psychologist, labor expert and CEO weigh in
▼ + stars: | 2022-09-26 | by ( Jennifer Liu | ) www.cnbc.com time to read: +7 min

"I'm not sure that work is any more dysfunctional now for many workers than it's been in the past," she tells CNBC Make It. Work has always been dysfunctional, our tolerance for it just got lowerWorkers are still quitting in droves during the Great Resignation. The discord we're seeing, then, is vocal pushback from employees — emboldened by a tight market and, yes, social media fervor — not wanting to return to traditional models of work, Klotz says. "Everyone is making money off of their work, and they're not getting return on the investment of their labor. To call that out and say, you know what, I don't necessarily need to go above and beyond if that effort isn't going to be valued — that's not quiet quitting.

☆ Trump said he doesn't 'understand' why Ron DeSantis isn't more appreciative of him: WaPo
▼ + stars: | 2022-09-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Trump said he didn't "understand" why DeSantis wasn't more appreciative of him, per a WaPo report. "I knew him from watching Fox, and he'd done a good job about me and other things," Trump said of DeSantis. Per the report, Trump advisors are looking for weaknesses in a potential 2024 DeSantis campaign. Ron DeSantis was not more appreciative of him and ruminated over his 2018 endorsement of the rising Republican star, according to The Washington Post. He continued: "Ron is strong on Borders, tough on Crime & big on Cutting Taxes - Loves our Military & our Vets.

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