Corporate defendants are not going to like this. Not one bit.
Attorney General Jeff Sessions must wake up every morning wondering new presidential condemnation the day will bring. Last week was the New York Times interview in which President Trump said he wouldn’t have appointed Sessions – Trump’s first and for a long time only supporter in the U.S. Senate – had he known Sessions would step aside from the Justice Department’s investigation of possible collusion between the Trump campaign and Russia during the 2016 presidential election.
On Friday, lawyers for onetime “Buckets of Money” radio host Raymond Lucia filed a petition asking the U.S. Supreme Court to review whether the Securities and Exchange Commission’s use of administrative law judges is unconstitutional under the Appointments Clause. And according to the petition, one of the strongest arguments that SEC ALJs are subject to the clause comes from a 2007 memo from the Justice Department - the same Justice Department that has been defending the SEC in a spa
The Washington Post reported Thursday that President Donald Trump is talking to advisers about issuing pardons to aides, family members and even himself in order to undermine Special Counsel Robert Mueller’s widening Russia investigation. Trump outside counsel John Dowd told my Reuters colleague Karen Freifeld that the Post's "stuff on pardons is nonsense," Dowd said. "It's just a smear job on the president. It’s not true.”
This could be the start of something huge: Securities and Exchange Commissioner Michael Piwowar said in a speech Monday to the Heritage Foundation that the SEC is open to the idea of allowing companies contemplating initial public offerings to include mandatory shareholder arbitration provisions in corporate charters. If Piwowar’s statements, first reported by my Reuters colleague Sarah Lynch, mark a new SEC policy on mandatory arbitration, they could be the beginning of the end of s
Over the weekend, Axios and Bloomberg ran stories about a shakeup in President Donald Trump's legal team, reporting that longtime Trump lawyer Marc Kasowitz of Kasowitz Benson Torres is expected to play a diminished role as the president responds to investigations of his campaign's ties to Russia.
Late Thursday, Conagra filed a new brief at the U.S. Supreme Court, asserting an irrefutable argument: If there was any doubt that federal appellate courts continue to struggle with the issue of class certification and identifying class members, this week resolved it. According to Conagra, rulings in the last seven days from the 2nd and 6th Circuit Courts of Appeals make it all the more obvious that the Supreme Court must tell the lower courts what to do about class action ascertaina
Several Pimco investment funds are accusing the mortgage-backed securities trustee Wells Fargo of misusing noteholder money to pay its own legal expenses.
Describing Judge Diane Wood of the 7th Circuit Court of Appeals as a stickler for the rules of appellate procedure is like calling ice cream cold, based on the evidence of a pair of orders she filed Monday.
On June 30, U.S. Supreme Court Chief Justice John Roberts disclosed an intriguing tidbit about how he reads briefs to hundreds of federal judges and appellate lawyers gathered at a federal judicial conference in Pennsylvania.
The views expressed by the authors in the Commentary section are not those of Reuters News.
The bank that steered clear of the financial crisis breaks down after creating 2 mln fake accounts. New evidence undermines Donald Trump's claims few benefit from the U.S. economic recovery. And why Hanjin's corporate capsize may prompt attempts to fix to shipping-industry woes.