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The Supreme Court will evaluate Trump’s expansive claims of presidential power
Securities Class Action |
2025/10/05 07:02
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The Supreme Court is beginning a new term with a sharp focus on President Donald Trump’s robust assertion of executive power.
Pivotal cases on voting and the rights of LGBTQ people also are on the agenda. On Tuesday, the justices will hear arguments over bans passed by nearly half of U.S. states on therapy aimed at changing sexual orientation or gender identity.
The opening session on Monday has lower-profile cases, including a dispute over the right of a criminal defendant to consult with his lawyer during an overnight break in his testimony. The judge in a Texas murder trial ordered defense lawyers not to talk to their client about his testimony.
A major thrust of the next 10 months, however, is expected to be the justices’ evaluation of Trump’s expansive claims of presidential power.
The court’s conservative majority has so far been receptive, at least in preliminary rulings, to many emergency appeals from Trump’s Republican administration. But there could be more skepticism, however, when the court conducts in-depth examinations of some Trump policies, including the president’s imposition of tariffs and his desired restrictions on birthright citizenship.
The justices are hearing a pivotal case for Trump’s economic agenda in early November as they consider the legality of many of his sweeping tariffs. Two lower courts have found the Republican president does not have the power to unilaterally impose wide-ranging tariffs under an emergency powers law.
In December, the justices will take up Trump’s power to fire independent agency members at will, a case that probably will lead the court to overturn, or drastically narrow, a 90-year-old decision. It required a cause, like neglect of duty, before a president could remove the Senate-confirmed officials from their jobs.
The outcome appears to be in little doubt because the conservatives have allowed the firings to take effect while the case plays out, even after lower-court judges found the firings illegal. The three liberal justices on the nine-member court have dissented each time.
Another case that has arrived at the court but has yet to be considered involves Trump’s executive order denying birthright citizenship to children born in the United States to parents who are in the country illegally or temporarily.
The administration has appealed lower-court rulings blocking the order as unconstitutional, or likely so, flouting more than 125 years of general understanding and an 1898 Supreme Court ruling. The case could be argued in the late winter or early spring. |
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Supreme Court lets Lisa Cook remain as a Federal Reserve governor for now
Opinions |
2025/10/01 07:02
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The Supreme Court on Wednesday allowed Lisa Cook to remain as a Federal Reserve governor for now, declining to act on the Trump administration’s effort to immediately remove her from the central bank.
In a brief unsigned order, the high court said it would hear arguments in January over Republican President Donald Trump’s effort to force Cook off the Fed board.
The court will consider whether to block a lower-court ruling in Cook’s favor while her challenge to her firing by Trump continues. The high-court order was a rare instance of Trump not quickly getting everything he wants from the justices in an emergency appeal.
Cook will be able to take part in the remaining two Fed meetings in 2025, including the next meeting of its interest rate-setting committee in late October.
Separately, the justices are hearing arguments in December in a separate but related legal fight over Trump’s actions to fire members of the boards that oversee other independent federal agencies. The case concerns whether Trump can fire those officials at will.
But a second issue in the case could bear directly on Cook’s fate: whether federal judges have the authority to prevent the firings or instead may only order back pay for officials who were wrongly dismissed.
Trump had sought to oust Cook before the September meeting of the Fed’s interest rate-setting committee. But a judge ruled that the firing was illegal, and a divided appeals court rejected the Trumps administration’s emergency appeal.
A day after the meeting concluded with a one-quarter of a percentage point reduction in a key interest rate, the administration turned to the Supreme Court in a new emergency appeal.
The White House campaign to unseat Cook marks an unprecedented bid to reshape the Fed board, which was designed to be largely independent from day-to-day politics. No president has fired a sitting Fed governor in the Fed’s 112-year history.
“President Trump lawfully removed Lisa Cook for cause from the Federal Reserve Board of Governors. We look forward to ultimate victory after presenting our oral arguments before the Supreme Court in January,” White House spokesman Kush Desai said.
The court already has suggested that it will view the Fed differently from other independent agencies and Wednesday’s order is another demonstration of that distinction, said Lev Menand, a professor at Columbia Law School and author of a book on the Fed.
The justices have allowed other firings to take effect while legal challenges proceed, including in the case that will be argued in December involving Rebecca Slaughter, whom Trump fired from the Federal Trade Commission.
“The court seems to be steering a different course here,” Menand said. “It has the effect of freezing the status quo that is in favor of Fed independence.”
Cook, who was appointed to the Fed board by Democratic President Joe Biden, has said she will not leave her job and won’t be “bullied” by Trump. Her lawyers said in a statement Wednesday that the court’s decision “rightly allows Governor Cook to continue in her role on the Federal Reserve Board, and we look forward to further proceedings consistent with the Court’s order.”
Separately, Senate Republicans recently confirmed Stephen Miran, Trump’s nominee to an open spot on the Fed’s board. Both Cook and Miran took part in last month’s meeting. Miran was the sole dissenting vote, preferring a larger cut.
Trump has accused Cook of mortgage fraud because she appeared to claim two properties, in Michigan and Georgia, as “primary residences” in June and July 2021, before she joined the Fed board. Such claims can lead to a lower mortgage rate and smaller down payment than if one of them was declared as a rental property or second home.
Cook has denied any wrongdoing and has not been charged with a crime. According to documents obtained by The Associated Press, Cook specified that her Atlanta condo would be a “vacation home,” according to a loan estimate she obtained in May 2021. In a form seeking a security clearance, she described it as a “2nd home.” Both documents appear to undercut the administration’s claims of fraud.
U.S. District Judge Jia Cobb ruled that the administration had not satisfied a legal requirement that Fed governors can only be fired “for cause,” which she said was limited to misconduct while in office. Cook joined the Fed’s board in 2022.
Cobb also held that Trump’s firing would have deprived Cook of her due process, or legal right, to contest the firing. By a 2-1 vote, a panel of the federal appeals court in Washington rejected the administration’s request to let Cook’s firing proceed.
Trump’s lawyers have argued that even if the conduct occurred before her time as governor, her alleged action “indisputably calls into question Cook’s trustworthiness and whether she can be a responsible steward of the interest rates and economy.” |
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Former FBI Director Comey indicted on charges of making false statement
Securities Class Action |
2025/09/27 10:32
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Former FBI Director James Comey was charged Thursday with crimes connected to his Senate testimony in 2020 about an investigation, a major strike against a high-profile figure who has long been the target of President Donald Trump’s anger.
“No one is above the law,” Attorney General Pamela Bondi said.
The indictment accuses Comey of making a false statement to Congress and obstruction of a criminal proceeding. He declared his innocence Thursday night and said, “Let’s have a trial.”
“My family and I have known for years that there are costs to standing up to Donald Trump,” Comey said in a video posted to Substack.
Comey, who was FBI director from 2013 to 2017, was fired by Trump during the president’s first term amid the government’s probe into allegations of ties between Russian officials and Trump’s 2016 campaign.
Trump mentioned Comey last weekend in a social media post in which he complained that no charges had been filed against him yet.
Prosecutors led by special counsel Robert Mueller did not establish that Trump or his associates criminally colluded with Russia in 2016, but they found that Trump’s campaign had welcomed Moscow’s assistance.
Trump and his supporters have called the investigation a “hoax” despite multiple government reviews showing Moscow interfered on behalf of the campaign.
The indictment against Comey accuses him of having lied to a Senate committee when he said he never authorized anyone to serve as an anonymous source to a reporter about an investigation.
Before the charges emerged Thursday, Trump told reporters that Comey was a “bad person.” He later reveled in news of the indictment.
“He has been so bad for our Country, for so long, and is now at the beginning of being held responsible for his crimes against our Nation,” Trump said on his social media platform.
Comey’s disgust for Trump was laid out in his 2018 memoir, “A Higher Loyalty.”
“This president is unethical, and untethered to truth and institutional values,” Comey wrote. “His leadership is transactional, ego driven and about personal loyalty.”
He recalled a private meeting with Trump early in his first presidency in which Trump demanded allegiance. Comey likened it to a Mafia induction.
Earlier this year, the Trump administration said it was investigating a social media post by Comey that Trump and his allies interpreted as a call for violence against the president.
In an Instagram post, Comey wrote “cool shell formation on my beach walk” under a picture of seashells that appeared to form the shapes for “86 47.” The Merriam-Webster dictionary says 86 is slang meaning “to throw out,” “get rid of” or “refuse service to.”
Comey deleted the post and said he didn’t know “some folks associate those numbers with violence.”
Comey’s daughter was a federal prosecutor for 10 years until she was fired in July by the Justice Department. Maurene Comey is suing to get her job back, saying her dismissal was unconstitutional and connected to Trump’s hostility toward her father.
“If a career prosecutor can be fired without reason, fear may seep into the decisions of those who remain,” Maurene Comey said in a note to her colleagues. “Do not let that happen. Fear is the tool of a tyrant, wielded to suppress independent thought.”
The White House said the decision came from Justice Department officials.
Separately, James Comey’s son-in-law, Troy Edwards, resigned Thursday as a federal prosecutor, minutes after the former FBI director was indicted. |
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WebPromo.com Launches Korean-American Portal with Strong Privacy Safeguards
Court Watch |
2025/09/24 10:32
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WebPromo.com has launched with the goal of becoming a nationwide hub for Korean-Americans, offering a platform where residents across the U.S. can easily access information and connect with one another. While regional Korean community sites exist, a comprehensive portal serving all areas has been lacking.
Built on two pillars, a Korean-American blog community and a business services platform WebPromo.com aims to provide both lifestyle content and professional resources, fostering communication and opportunity within the community.
Copyright Infringement Liability & Content Removal Policy
Alongside its community features, the site has introduced a clear Privacy & Data Protection Policy. The company states it only collects necessary information such as contact details, user inquiries, financial data for transactions, and registration data for events.
Technical information, including IP addresses and browser type, is also gathered to ensure security and website performance.
WebPromo.com emphasizes that providing personal data is voluntary, and users have control over cookie settings through their browsers.
The platform does not knowingly collect data from children, in compliance with applicable laws.
By balancing open community access with robust privacy measures, WebPromo.com says it hopes to establish itself as a trusted online space for Korean-Americans nationwide.
This notice explains what personal information is collected, how it is collected, with whom it may be shared, and how data and privacy are protected. It also outlines user rights regarding collected data and how to contact the platform to exercise those rights.
The statement excludes information gathered from employees, contractors, or job applicants, but includes important information for current and former investors about how nonpublic personal information is collected, used, and shared as well as options to opt out of certain types of data sharing.
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US lawmakers push for military dialogue in a rare China visit
Stock Market News |
2025/09/21 08:01
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A bipartisan group of U.S. lawmakers pushed for more military-to-military dialogue in a meeting Sunday with China’s Premier Li Qiang, a rare congressional visit since the U.S.-China relations soured.
The last trip by a group of senators was in 2023, and Sunday’s delegation was the first from the House of Representatives to visit Beijing since 2019.
Li welcomed the delegates led by Rep. Adam Smith and called it an “icebreaking trip that will further the ties between the two countries.”
“It is important for our two countries to have more exchanges and cooperation, this is not only good for our two countries but also of great significance to the world,” Li said.
Smith, a Democrat on the House Armed Services Committee, said both sides were in agreement on the overarching aim of the visit.
“Certainly, trade and economy is on the top of the list ... (but also) we’re very focused on our military-to-military conversations,” he said in opening remarks. “As a member of the Armed Services Committee, I’m deeply concerned that our two militaries don’t communicate more.”
The delegation also included Michael Baumgartner, a Republican member of the House Foreign Affairs Committee, as well as Ro Khanna and Chrissy Houlahan, both Democrats on the House Armed Services Committee. The lawmakers are in China until Thursday.
U.S.-China relations have taken a downturn since President Donald Trump’s first term and have been hobbled by trade tensions, the status of the self-ruled island of Taiwan, which China claims as its own territory, Beijing’s support for Russia and China’s vast claims in the disputed South China Sea.
“China and the U.S. are the two most powerful and influential countries in the world, it’s really important that we get along, and we find a way to peacefully coexist in the world,” Smith said. “I really welcome your remarks about wanting to build and strengthen that relationship.”
Trump said he would meet Chinese leader Xi Jinping at a regional summit taking place at the end of October in South Korea and will visit China in the “early part of next year,” following a lengthy phone call between the two on Friday.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
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