Legal News
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The cryptocurrency sector may face less scrutiny as Republican President-elect Donald Trump prepares to reshape policies at the Justice Department and regulatory agencies, according to current and former senior government lawyers who spoke at a conference in New York on Friday. Financial fraud cases will still move forward, but Trump’s administration plans to prioritize areas…
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Intrum (INTRUM.ST), Europe’s largest debt collector, filed for Chapter 11 bankruptcy in the United States on Friday as part of its strategy to restructure its debt. The company has faced challenges stemming from the pandemic, an energy crisis, and two-decade-high interest rates, which failed to trigger a surge in loan defaults. At the end of…
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The U.S. Supreme Court on Tuesday declined to hear a bid by landlord groups challenging New York City’s rent stabilization laws, which cap rent hikes and limit evictions. The justices rejected appeals by property owners who argued that the city’s price and eviction controls violate the Fifth Amendment’s “takings clause,” which prohibits the government from…
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U.S. Circuit Judge Andrew Oldham, a prominent conservative voice and a potential nominee for the U.S. Supreme Court, issued a strong warning Thursday against using the criminal justice system to target political opponents. Speaking at the Federalist Society’s annual gathering in Washington, Oldham emphasized the critical need to ensure that no individual faces prosecution solely…
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President-elect Donald Trump on Thursday appointed three members of his criminal defense team to senior roles at the Justice Department, including Todd Blanche as deputy attorney general. Blanche, who served as Trump’s lead attorney in a recent criminal trial over hush money payments to porn star Stormy Daniels, will take on the second-highest position at…
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Design standards adopted in 2021 for constructing new federal courthouses will significantly increase costs, according to a report released Friday by the Government Accountability Office (GAO). The judiciary drafted the guidelines without fully collaborating with key agencies, such as the General Services Administration (GSA), which oversees federal building construction. The GAO estimated that applying the…
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Major League Baseball’s players union resolved a lawsuit accusing sports betting giant FanDuel of improperly using the names and likenesses of hundreds of MLB players on its betting platform without authorization. On Friday, a FanDuel spokesperson announced that the company and the union had finalized a confidential licensing agreement. In a New York federal court…
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President-elect Donald Trump’s nominee for attorney general, Matt Gaetz, faced mounting scrutiny from congressional Republicans on Thursday, with Senator John Cornyn leading calls to review an unreleased Ethics Committee report that examines allegations of sexual misconduct and drug use. The pressure on Gaetz grew as John Clune, a lawyer for an alleged victim, urged the…
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A divided federal appeals court upheld the dismissal of a Texas student’s lawsuit on Wednesday, rejecting his claims that he faced severe bullying for being white and supporting Republican President-elect Donald Trump. The New Orleans-based 5th U.S. Circuit Court of Appeals split 9-9 on whether to revive the lawsuit against the Austin Independent School District.…
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On September 20, 2024, California Governor Gavin Newsom signed AB 2424, a landmark bill aimed at strengthening protections for mortgage borrowers facing foreclosure. Set to take effect on January 1, 2025, the new law introduces critical changes to the foreclosure process, offering additional support and resources to homeowners in default. Mortgage lenders will need to…
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