In The News: William S. Boyd School of Law

FrankfurterRundschau

According to new documents filed by New York Attorney General Letitia James last week, Trump is, as he is fond of pointing out, a billionaire — if only on paper. Because when he left the White House, he is said to have had control of "only" about $ 65 million in liquid assets. His remaining fortune is said to be spread over hundreds of companies, as Daily Beast reports, citing experts.

Daily Mail

Accountants said Donald Trump could have as little as $30million readily available - spread across hundreds of bank accounts. Forensic accountants Mark Gottlieb and Bruce Dubinsky, joined by University of Las Vegas Nevada tax law expert Francine Lipman, told The Daily Beast Trump likely has access to between $30million and $100million, after reviewing his 2020 tax returns.

Daily Beast

When Donald Trump left office in early 2021, he was apparently on much thinner financial ice than almost anyone knew. That revelation, which three accounting experts confirmed upon reviewing Trump’s 2020 tax return, may help explain some of the financial and political moves the former president has made in the intervening years. Snowballing legal fees, along with other possible legal settlements and judgments, threaten to consume the cash pile he needs to bankroll his business activity, as well as fund a lavish lifestyle and maintain his image of excess—an emperor atop a golden toilet.

Casino.org

Law professors and others with ties to Las Vegas and the gaming sector are adding their voices to the outrage over the deadly beating of Tyre Nichols in Memphis, Tenn.

Casino.org

Law professors and others with ties to Las Vegas and the gaming sector are adding their voices to the outrage over the deadly beating of Tyre Nichols in Memphis, Tenn.

Vox

Tyre Nichols, a 29-year-old Black man, died earlier this month after he was pulled over by Memphis police who violently beat him for three minutes, an incident shown in footage that was released Friday.

Bloomberg

Sullivan & Cromwell, after surviving a push to kick it off the FTX bankruptcy, stands to reap huge fees to sort out the finances of Sam Bankman-Fried’s fallen crypto empire. The Wall Street law firm has more than 150 people working on the FTX case, including 30 partners with rates that exceed $2,000 per hour, according to a court filing. Associates are billing between $810 and $1,475 per hour.

Expressen

After the multi-million deals with snakes, Robin Lehner and his attorney want to withhold his NHL salary from the bankruptcy filing. Now the entire procedure is being questioned by experts in the US, due to details in the bankruptcy filing - which may be incorrectly made. "This is so, so, so strange. A mystery," says Professor Nancy Rapoport.

American Bar Association

Almost 60 years ago, Reverend Dr. Martin Luther King led the March on Washington for Jobs and Freedom demanding government recognition of and remedies for the immorality of poverty and inequality. In front of the Lincoln Memorial, Dr. King, who was the last to speak, told 250,000 nonviolent protesters about his now-famous dream for a better tomorrow for his children. A few years later in November 1967, based on a suggestion from Marian Wright Edelman, Dr. King organized the Poor People’s Campaign to focus the civil rights movement on economic justice. Tragically, King was murdered a few months later at the age of 39.

ESPN

The public is unlikely to learn specifics of the physical altercation between UFC president Dana White and his wife, Anne White, at a nightclub in Mexico because of strict privacy laws that prohibit even the confirmation of a domestic-violence investigation.

Financial Times

Sam Bankman-Fried and another former top FTX executive have said Sullivan & Cromwell understated the scale of its work for the exchange before its collapse, sharpening the scrutiny of the law firm’s lucrative bankruptcy appointment.

Australian Broadcasting Corp

After a years-long legal battle that reached the US Supreme Court, a congressional committee has published Donald Trump's redacted federal income tax returns. On Friday morning, local time, the House Ways and Means committee released six years of the former president's tax records, including from his four years in the White House.