Ex-banker at center of U.S. indictment of Sen. Bob Menendez

The “facts are not as presented” by prosecutors, Sen. Bob Menendez, D-N.J., send in response to the indictment against him that was unsealed Friday. “They have misrepresented the normal work of a congressional office. … Those behind this campaign simply cannot accept that a first-generation Latino American from humble beginnings could rise to be a … Read more

Maryland State Retirement & Pension System Sells 1,121 Shares of FirstEnergy Corp. (NYSE:FE)

Maryland State Retirement & Pension System trimmed its stake in FirstEnergy Corp. (NYSE:FE – Free Report) by 2.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,579 shares of the utilities provider’s stock after selling 1,121 shares during the quarter. … Read more

Finance Docket: AI Frenzy Drives IPOs, IRS

In financial industry legal news this week, it’s been (almost) all about artificial intelligence, the frenzy for which has reignited the initial public offering market. All three of the big recent debutantes are, in their way, AI plays, none more so than chip designer Arm, which raised nearly $5 billion in the biggest stock-market debut … Read more

At Oral Argument, Law Firm Says It Didn't Violate Client's Privacy With Press Release Announcing Med Mal Verdict

At oral arguments Thursday, the Illinois Supreme Court mulled whether a Chicago plaintiffs law firm’s press release announcing a $4.2 million jury award in a medical malpractice suit violated the Mental Health and Developmental Disabilities Confidentiality Act by disclosing the details of its now-former client’s mental health diagnoses. The Illinois high court is now set to decide whether the appellate … Read more

Prof. Larry Lessig (Harvard) Criticizing the § 3 Disqualification Argument as to Trump

An excerpt from Lessig’s article in Slate (read the whole piece for more), discussing the same issue that has been discussed on this blog by Profs. Ilya Somin, Steve Calabresi, Will Baude, and Michael McConnell (and see also Jonathan Adler’s post citing Prof. Derek Muller): The provision of the 14th Amendment that [the advocates of disqualifying … Read more

Weekly Health Care Real Estate Briefing: Kayne Anderson Buys $1.3B Synovus Bank Loan Portfolio | Best Buy Founder Donates $25M to Minneapolis Hospital

Kayne Anderson Real Estate acquired a $1.3B medical office building (“MOB”) loan portfolio from Synovus Bank. The loan portfolio includes 106 floating-rate mortgages secured by 308 MOBs across 33 states. CBRE released its Q2 Healthcare Real Estate Investor Update. MOB transaction volume for Q2 remained consistent with the previous quarter with $1.8B in transactions completed. … Read more

Generative AI triggers ‘quantum leap’ in insurance technology innovation

Generative AI triggers ‘quantum leap’ in insurance technology innovation | Insurance Business America Technology Generative AI triggers ‘quantum leap’ in insurance technology innovation VP on the new driving force for insurtechs and what the future of AI application looks like The advent of generative artificial intelligence (AI) has not only transformed the insurance … Read more