A newsletter by Reuters and Westlaw |
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Today, Federal Reserve Governor Lisa Cook will urge a federal judge to block President Trump's unprecedented effort to fire her from the central bank. Here's what to know: |
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- Cook sued on Thursday claiming Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the U.S. central bank's independence. Read the complaint.
- The lawsuit claims Trump violated a federal law allowing him to remove a Fed governor only "for cause." Trump has accused Cook of committing mortgage fraud in 2021, a year before she joined the central bank's governing body.
- In the court filings, Cook said an unsubstantiated allegation about conduct that took place before she was confirmed to her position at the Fed does not amount to cause. She denied committing mortgage fraud, but said that even if she had, it would not justify her removal.
- Today, U.S. District Judge Jia Cobb in D.C. will consider Cook's motion for a temporary restraining order, preventing Trump from firing her. Read the motion here. The hearing is set to begin at 10 a.m. ET. Read more about what to expect today here.
- Cook is represented by prominent D.C. lawyer Abbe Lowell, who launched a new firm this year to represent officials targeted by the Republican president.
- The case is likely headed to the U.S. Supreme Court, where a conservative majority has at least tentatively allowed Trump to fire officials from other agencies, though it recently signaled the Fed may qualify for a rare exception from direct control by the president.
| - U.S. District Judge Alan Albright in Waco, Texas, will hear arguments from proxy advisers Glass Lewis and ISS in their lawsuit to block a first-of-its-kind state law limiting their ability to advise shareholders on diversity, environmental and governance practices. Glass Lewis and ISS said Texas' law was unconstitutional, undermining their First Amendment right to advise clients even if the state didn't like the advice.
- A hearing is scheduled in Humboldt County Superior Court in California's lawsuit accusing Providence St. Joseph Hospital of violating California's Emergency Services Law and the Unruh Civil Rights Act over its handling of emergency abortions.
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Court calendars are subject to last-minute docket changes. |
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- The national average score on July's 200-question Multistate Bar Exam was the highest since 2013, the National Conference of Bar Examiners said, excluding results from 2020 when the test was delayed or modified due to the COVID-19 pandemic. Read more here.
- U.S. CDC Director Susan Monarez turned to prominent D.C. lawyer Abbe Lowell along with fellow longtime Washington lawyer Mark Zaid, after the White House said on Wednesday she was being fired. Read more here.
- Moves: Bradley hired healthcare partner Tara Ravi from Parker, Hudson … Eckert Seamans added commercial litigation partner Brian Watson, formerly a career clerk to U.S. District Judge Nitza Quiñones Alejandro in the Eastern District of Pennsylvania.
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"There are no factual allegations in her complaint showing that her race was part of her disciplinary hearing or appeal or that it had anything to do with bringing the charges against her."
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—U.S. District Judge Timothy Savage, dismissing University of Pennsylvania law professor Amy Wax's racial discrimination lawsuit against the university. Savage rejected allegations by Wax, who is white, that the university treated her differently when it sanctioned her for her controversial statements about race. Read more here. |
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As we head into the holiday weekend, let's recap August's Billable Hours, a weekly feature we publish on Thursdays about lawyers and money. Nearly double-digit billing rate hikes boosted law firm revenue in the first half of the year, but consultants remain divided on whether generative AI could eventually lower rates. Click here for more. Litigation finance giant Burford Capital is in talks with U.S. law firms to allow outside investors to own a stake in their businesses. Find out more about the paths Burford is currently exploring. A 35-year review of labor statistics shows legal industry employment has barely improved since its peak nearly two decades ago, despite five straight months of growth through July. Learn more. OptumRx is again seeking to disqualify plaintiffs' law firm Motley Rice from a lawsuit over the company's alleged role in the U.S. opioid crisis, citing the firm's past work for state and local governments. Read more. |
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Sterne, Kessler, Goldstein & Fox's Sasha Rao and Todd Hopfinger examine how courts are handling Digital Millennium Copyright Act claims against genAI. Read today's Attorney Analysis. |
Additional writing by Shruthi Krishnamurthy. |
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