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State Bar Fee on the Rise: Lawyers to Face $553 Annual Licensing Cost in 2020

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In a recent decision that will impact legal professionals across the state, legislators have approved an increment in the annual licensing fees for practicing attorneys. By 2025, lawyers can expect to pay $553 for their annual licenses, following a $88 increase. This decision materialized during the latest deliberations held by the Senate Judiciary Committee this Tuesday. The resolution to raise fees comes after much negotiation between lawmakers and bar trustees. Originally, bar officials had proposed a $125 increase, aiming predominantly to address salary increments for bar employees amidst rising operational costs. Lawmakers had initially countered … Read more

Silvergate Capital Settles for $50 Million Amid Regulatory Crackdown, Multiple Executives Face Heavy Penalties

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Washington, D.C. — Silvergate Capital Corp. has agreed to pay a hefty $50 million to settle charges by the Securities and Exchange Commission (SEC), which accused the firm and its key executives of misleading investors about its compliance protocols and customer monitoring capabilities. This agreement comes amid heightened scrutiny from federal and state regulators. The SEC’s allegations centered around claims that Silvergate Capital, its subsidiary Silvergate Bank, and two former officials, including the CEO, provided false assurances about the robustness of their Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) systems. Particularly in focus was the firm’s … Read more

NFL Hit with $4.8 Billion Judgment for ‘Sunday Ticket’ Antitrust Violations, Could Face Up to $14 Billion in Damages

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LOS ANGELES — In a landmark ruling, a federal jury in Los Angeles has mandated the National Football League to compensate nearly $4.8 billion for breaches of antitrust laws connected to its exclusive “Sunday Ticket” broadcasting package. The conclusion of this high-profile case could have wide-ranging implications for sports broadcasting and antitrust regulations in the United States. The decision was made public on Thursday following deliberations that lasted under a day at the U.S. District Court in the Central District of California. The court case saw testimonies from notable figures including NFL Commissioner Roger Goodell … Read more

Texas Principals Face Criminal Charges for Using School Emails to Influence Elections

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Denton, Texas – Two principals in the Denton Independent School District are facing criminal charges after allegedly violating state election laws. Lindsey Lujan, principal of Alexander Elementary School, and Jesus Lujan, principal of Borman Elementary, have been accused of using their school email accounts to urge staff to vote for candidates who oppose school choice. According to court documents, the two administrators sent emails in February encouraging staff to support candidates in the March Republican primary election who oppose Governor Greg Abbott’s school voucher plan. The emails were leaked and prompted Texas Republican Attorney General … Read more