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Aug. 20, 2024

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Bill to add 66 U.S. judges would cost $349 mln over a decade, CBO says

REUTERS/Amanda Andrade-Rhoades/File Photo

A U.S. Senate-passed bill that would add 66 new judges to understaffed federal district courts nationwide would increase government spending by $349 million over a decade, according to new estimates from the Congressional Budget Office.

Those estimates were contained in an analysis released late last week by CBO, Congress’ nonpartisan fiscal referee, after the Senate unanimously endorsed what would be the first major expansion of the judiciary since 1990. Nate Raymond has more.

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Catch up with the legal industry …

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The ABA is poised to eliminate references to “race and ethnicity” from its law school diversity and inclusion rules to comply with a 2023 U.S. Supreme Court ruling … The ABA will also soon require law schools to set “minimum learning outcomes” for every class they offer and ensure those outcomes are the same across all sections of required courses … Ex-U.S. bankruptcy judge David Jones won a dismissal of a lawsuit over law firm conflicts but was ordered to attend ethics training in a separate matter … Lawyers are playing the long game in their quest for fees in the $2.7 billion NCAA settlement … Simpson Thacher must face a UK tribunal over money laundering controls … An ex-Bird & Bird partner agreed to a UK ban for sexually inappropriate conduct … And a lawyer who tipped off the SEC can’t claim a whistleblower award.

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Shaquille O’Neal must face claims for promoting NFTs as securities. An FTX portent?

On Friday, plaintiffs lawyer Adam Moskowitz won a ruling that pro basketball legend Shaquille O’Neal must face claims that he is liable for selling unregistered securities based on O’Neal’s social media promotion of video-game NFTs. Moskowitz immediately filed notice of the decision in the FTX customers’ sprawling case in Miami, where he is co-lead counsel. Moskowitz told Alison Frankel why he believes the O’Neal decision will help FTX customers defeat a dismissal motion by the celebrities who endorsed the imploded crypto exchange.

Check out other recent pieces from our columnists: Alison Frankel and Jenna Greene