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Skip to content Bloomberg the Company & Its ProductsBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Terminal Demo Request * BLOOMBERG Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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FOR CUSTOMERS * Bloomberg Anywhere Remote Login * Software Updates * Manage Contracts and Orders SUPPORT Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 We use cookies.Learn MoreAccept News Podcasts Research Tools Log In Bloomberg Law * Antitrust * Artificial Intelligence * Banking Law * Bankruptcy Law * Before the Bar * Benefits & Executive Comp * Bloomberg Law Analysis * Business & Practice * Cannabis * Capital Markets * Class Action * Crypto * Daily Labor Report ® * Energy * Environment & Energy * ESG * Federal Contracting * Health Law & Business * Immigration * In-House Counsel * Insurance * International Trade * IP Law * Legal Ethics * Legal Ops & Tech * Litigation * Litigation Finance * Mergers & Acquisitions * Occupational Safety * PFAS Project * Pharma & Life Sciences * Privacy & Data Security Law * Private Equity * Product Liability & Toxics Law * Securities Law * Social Justice & Diversity * Tech & Telecom Law * US Law Week * White Collar & Criminal Law Bloomberg Tax * Daily Tax Report ® * Daily Tax Report: International * Daily Tax Report: State * Financial Accounting * Payroll * Tax Insights & Commentary * Tax Management International * Tax Management Memo * Transfer Pricing * Brief Analyzer * Draft Analyzer * Dockets * Practical Guidance * Points of Law BANKRUPTCY JUDGE TASKED WITH SCANDAL CLEANUP OF ‘ADOPTED SON’ A Houston bankruptcy judge’s failure to disclose his longstanding romance with a partner at a local firm has spawned legal disputes over millions of dollars in fees he approved for the firm. Now, his close friend and colleague is set to decide how some of those battles—and the questions of judicial ethics that they raise—will play out in court. REPUBLICANS VOW TO BLOCK FUTURE BIDEN JUDICIAL NOMINEES A coalition of Republican senators has vowed not to support any of President Joe Biden’s judicial nominees, effectively blocking the appointment of new district judges in Florida, Ohio, Wisconsin, and other states six months before Election Day. STARBUCKS, UNION REACH TENTATIVE AGREEMENTS FOR JOB PROTECTIONS MUSK ACCUSED OF $7.5 BILLION OF INSIDER TRADES IN INVESTOR SUIT CFPB HITS STUDENT LOAN SERVICER OVER BANKRUPTCY-DISCHARGED LOANS NRA RULING EYED FOR CLUES IN SUPREME COURT SOCIAL MEDIA CASE Exclusive COLUMBIA HIRES WALL STREET LAWYERS FOR STUDENT PROTEST PROBES Columbia University is using lawyers from Manhattan’s Debevoise & Plimpton to investigate student misconduct complaints stemming from recent pro-Palestine protests on campus. Exclusive EEOC REPUBLICANS FORCE PAUSE ON PICKET-LINE HARASSMENT MEMO TEXAS JUSTICES REJECT CHALLENGE TO ABORTION BAN EXCEPTIONS RUDY GIULIANI SHOULD LOSE DC LAW LICENSE, PANEL URGES COURT TARGET SUED OVER USE OF FACIAL RECOGNITION TOOLS ON CUSTOMERS PRACTITIONER INSIGHTS View More Insights FTC IS RIGHT TO CRACK DOWN ON AUTO INDUSTRY’S DATA COLLECTION David Balto COLORADO AI ACT IS ANOTHER NUDGE FOR URGENT FEDERAL REGULATION Anuj Gupta First Gen Law CRITICAL THINKING CRISIS PLAGUES LEGAL PROFESSION’S ENTRY LEVEL Patricia Libby AltaClaro WHY THE SUPREME COURT DOESN'T HAVE A CODE OF ETHICS A recent revelation, that the home of Supreme Court Justice Samuel Alito featured a symbol associated with false claims about the 2020 presidential election, has once again put a spotlight on judicial ethics. In this video, we explore why the Supreme Court doesn’t have an official code of ethics and how that impacts the court’s legitimacy. PODCASTS View All Podcasts BEYOND NIL: WILL COLLEGE SPORTS BECOME A FREE MARKET? WITH CHEVRON DOCTRINE LIKELY TO FALL, WHAT COMES NEXT? CAN'T AFFORD A LAWYER? AI MIGHT BE THE SOLUTION BUSINESS LEADER TALKS OECD TAX DEAL AND ITS IMPACT COLUMNS + COMMENTARY * Stephen L. Carter EVEN THE NRA DESERVES FIRST AMENDMENT RIGHTS: STEPHEN L. CARTER * David Jolly SURE, YOU’VE GOT AN AI POLICY, BUT IS EVERYONE FOLLOWING IT? * Rob Chesnut Good Counsel HIRING NEW GRADS DURING ISRAEL-HAMAS WAR RISKS PITFALLS FOR GCS * Andrew Leahey Technically Speaking TO COMBAT BIOFUEL TAX CREDIT FRAUD, WE NEED A PROACTIVE APPROACH Deep Dive SHOPPING FOR THE JUDGE YOU WANT HONED TO PERFECTION IN TEXAS Conservative groups have ensured that their challenges to Biden administration policies get in front of like-minded judges by claiming an address in Fort Worth or Amarillo, recruiting plaintiffs who live or work in those districts, and even collaborating with the state of Texas. By Jacqueline Thomsen HOUSTON BANKRUPTCY COURT SEX, SECRETS TRIGGER DOWNFALL OF STAR TEXAS BANKRUPTCY JUDGE After helping to transform Houston’s bankruptcy court from a backwater to a boomtown, Judge David R. Jones resigned in 2023 following the disclosure of his long-running romantic relationship with a local bankruptcy lawyer. As the revelations mount, the inner workings and casual approach to potential ethical conflicts of a highly productive and tight-knit legal community have begun to surface. SEX, SECRETS TRIGGER DOWNFALL OF STAR TEXAS BANKRUPTCY JUDGE After helping to transform Houston’s bankruptcy court from a backwater to a boomtown, Judge David R. Jones resigned in 2023 following the disclosure of his long-running romantic relationship with a local bankruptcy lawyer. As the revelations mount, the inner workings and casual approach to potential ethical conflicts of a highly productive and tight-knit legal community have begun to surface. HOW FOUR JUDGES KEPT ROMANCE ALLEGATIONS QUIET FOR TWO YEARS JACKSON WALKER SAYS JUDGE TRIED TO MISLEAD COURT ON ROMANCE JACKSON WALKER SEEKS SANCTIONS, DISMISSAL OF JUDGE ROMANCE SUIT BANKRUPTCY JUDGE ROMANCE LITIGANT URGES COURT TO LET SUIT STAND FROM ACROSS BLOOMBERG LAW Business & Practice Daily Labor Report® Daily Tax Report ® Environmental, Social & Governance (ESG) * Business & Practice * Daily Labor Report® * Daily Tax Report ® * Environmental, Social & Governance (ESG) JUDGE TO APPROVE $8 MILLION ORRICK DATA BREACH SETTLEMENT An $8 million settlement to resolve a class action over Orrick, Herrington & Sutcliffe LLP’s data breach that impacted roughly 461,100 people is going to receive an early nod from a federal district court. TRUMP SAYS HIS GAG ORDER IS STILL IN EFFECT: HE MIGHT BE RIGHT A day after being convicted of 34 felony counts, Donald Trump said a gag order still prevented him from fully defending himself outside of court. REPUBLICANS VOW TO BLOCK FUTURE BIDEN JUDICIAL NOMINEES (2) A coalition of Republican senators has vowed not to support any of President Joe Biden’s judicial nominees, effectively blocking the appointment of new district judges in Florida, Ohio, Wisconsin, and other states six months before Election Day. COLUMBIA HIRES WALL STREET LAWYERS FOR STUDENT PROTEST PROBES Columbia University is using lawyers from Manhattan’s Debevoise & Plimpton to investigate student misconduct complaints stemming from recent pro-Palestine protests on campus. VINSON & ELKINS BOOTED FROM WOOD PELLET BANKRUPTCY OVER CONFLICT Wood-pellet maker Enviva Inc. can’t keep Vinson & Elkins LLP as its bankruptcy counsel because the firm also represents the company’s largest equity holder, a bankruptcy judge ruled. SNELL & WILMER’S DENVER OFFICE ADDS CORPORATE, LITIGATION PAIR Aubyn Krulish and Bill Ojile have joined Snell & Wilmer’s Denver office as partners, the firm said Friday. STARBUCKS, UNION REACH TENTATIVE AGREEMENTS FOR JOB PROTECTIONS Starbucks Corp. and Starbucks Workers United have reached several tentative agreements covering guardrails for worker firings and information sharing. EEOC REPUBLICANS FORCE PAUSE ON PICKET-LINE HARASSMENT MEMO A joint memorandum from two federal labor agencies on navigating racially charged picket-line speech that risks violating anti-discrimination laws is on hold due to an internal push from EEOC Republicans for a public hearing. NEW YORK TOWN’S POLICE OFFICERS ADVANCE PAY CALCULATION CLAIMS Police officers who say Cortland, N.Y., failed to properly calculate their pay rates can pursue wage-and-hour claims after a federal judge rejected the city’s motion to dismiss the case Friday. EEOC SUES PEPSICO FOR NOT ACCOMMODATING, FIRING BLIND EMPLOYEE PepsiCo Beverage Sales violated federal law when it failed to provide a reasonable accommodation to and fired a blind employee in its North Carolina call center, the EEOC said in a lawsuit Friday. CASE: WAGE & HOUR/OVERTIME (N.D. MISS.) A Mississippi federal district court denied summary judgment to Neelkanth Hospitality, LLC on an unpaid overtime claim under the FLSA of a former manager who alleged that she wasn’t paid overtime even though she worked an average of 60 hours per week. Brown v. Neelkanth Hosp., LLC, 2024 BL 181431, N.D. Miss., 4:22-CV-187-SA-DAS, 5/28/24 TEXAS OFFICIALS FACE TRIAL ON CONSPIRACY TO FIRE POLICE CAPTAIN Four government officials in Texas will face trial on whether they conspired to fire a police captain over an affidavit he filed in a criminal case stating that a friend wouldn’t get a fair trial. NEW HAMPSHIRE NEARS POSSIBLE DEAL ON MARIJUANA MARKETPLACE New Hampshire would join the rest of New England in 2026 in operating an adult-use marijuana market if lawmakers resolve differences between House and Senate bills within the next week. US SEEKS UNPAID FBAR PENALTIES FROM MEXICAN AUDIO BUSINESS OWNER The general manager and majority shareholder of a Mexican audio electronics business should owe about $68,200 in penalties for his failure to report ownership interest in more than a dozen foreign bank accounts, the US told a federal court in California. GRANT THORNTON CLOSES SALE OF STAKE TO PRIVATE-EQUITY FIRM Accounting firm Grant Thornton LLP has completed the sale of a large stake in the firm to private-equity firm New Mountain Capital LLC. LONE STAR, EVERCORE, RBC TO FACE FOUNDATION BUILDING SALE CASE Lone Star Funds, two major financial firms, and former senior leaders of Foundation Building Materials Inc. lost their bid Friday to end litigation challenging the drywall distributor’s $1.37 billion sale to American Securities LLC. STATE OF TAX: CALIFORNIA CLOSER TO BUDGET DEAL, SALT CAP LIMBO The week in state tax news: Lawmakers in California agreed to take up the governor’s latest proposals to plug a major state budget deficit, with some tweaks, while their counterparts in Illinois wrapped up a budget package with tax changes for sportsbook operators and remote retailers, among other entities. Meanwhile, the looming expiration of the 2017 tax law puts the SALT deduction cap on a collision course with the alternative minimum tax. CASE: CONSENT ORDER DID NOT PREVENT THE IRS FROM ASSESSING ADDITIONAL DEFICIENCIES NOT CONTEMPLATED IN BANKRUPTCY PROCEEDINGS, TAX COURT DECISION AFFIRMED (11TH CIR.) The IRS is not precluded from asserting additional nondischargeable debts after entering into a consent order setting the amount of the IRS’s tax claim in Appellant’s bankruptcy proceeding because the ... GREEN GROUPS DROP SUIT AGAINST SEC EMISSIONS DISCLOSURE RULES Two environmental groups that had sued the SEC over its corporate emissions disclosure rules arguing they did not go far enough told the Eighth Circuit Friday evening they are dropping their cases. AUTODESK CFO REASSIGNED AFTER INTERNAL ACCOUNTING PROBE (1) Autodesk Inc. reassigned its chief financial officer after an internal investigation into accounting practices delayed financial filings for weeks. AUTODESK RISES AS INTERNAL PROBE ENDS WITH NO RESTATEMENTS (1) (Adds share move, background on investigation and company commentary.) LONE STAR, EVERCORE, RBC TO FACE FOUNDATION BUILDING SALE CASE Lone Star Funds, two major financial firms, and former senior leaders of Foundation Building Materials Inc. lost their bid Friday to end litigation challenging the drywall distributor’s $1.37 billion sale to American Securities LLC. MIAMI YACHT OWNER DENIED INSURANCE PAYOUT FOR FIRE LOSS The owner of a yacht that burned in a fire will have to eat the loss because his insurance policy was based on an inaccurate valuation of the boat and thus void, a federal judge ruled. CARL ICAHN BUILDS SIZABLE STAKE IN CASINO GROUP CAESARS (3) Carl Icahn has amassed a sizable position in Caesars Entertainment Inc., people familiar with the matter said, but has no plans to repeat a previous activist campaign at the hotel and casino group. 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