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The Latest Breaking News from Paul Engelmayer

TerraUSD, Luna Founder Do Kwon, Who Caused the Epic $40B Crypto Crash in 2022, Jailed for 15 Years

Cryptocurrency King Do Kwon was sentenced to 15 years in prison after his TerraUSD stablecoin and Luna cryptocurrency crashed overnight in 2022, triggering a $40 billion market crash that wiped out investor money.

International Business Times UK

Crypto mogul Do Kwon sentenced to 15 years in prison for fraud

Co-founder of Singapore-based Terraform Labs given more jail time by US judge than prosecutors sought

The Guardian - UK

Epstein Transcripts in Ghislane Maxwell Case to Be Unsealed

A federal judge in New York has ordered the unsealing of grand jury transcripts related to the convicted sex offender that were used in Ghislaine Maxwell's case.

International Business Times UK

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Judge blasts DOJ’s ‘lip service’ to victims as he orders Ghislaine Maxwell grand jury documents unsealed

Judges are weighing release of grand jury materials tied to Jeffrey Epstein and his associate

The Independent UK

Ghislaine Maxwell’s grand jury transcripts are likely a dud, but other documents could reveal much

The din might have died down for now, but the Epstein imbroglio might rear its head again when Congress returns

The Guardian - US

Terraform Labs Founder Do Kwon Pleads Guilty To Fraud In $60B Terra/Luna Collapse

Terraform Labs founder Do Kwon has pleaded guilty to conspiracy to commit fraud and wire fraud, nearly three years after the $60 billion implosion of the Terra/Luna (CRYPTO: LUNC) stablecoin ecosystem.

Benzinga

‘Aimed not at transparency but at diversion’: Judge shuts down DOJ attempt to unseal Ghislaine Maxwell’s grand jury records

No Epstein distractions for Trump.

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Judge rejects Trump administration request to unseal Ghislaine Maxwell grand jury transcripts

Judge wrote transcripts from case of Jeffrey Epstein associate couldn’t be released because it would risk ‘unraveling secrecy’ of grand jury

The Guardian - US

Rapper Tekashi 6ix9ine pleads guilty to a drug possession charge

Rapper Tekashi 6ix9ine has pleaded guilty drug possession in violation of his supervised release

The Independent UK

Judges warn against impeachments for rulings against Trump - Roll Call

Two members of a judiciary advisory body warned Congress about trying to impeach judges when lawmakers are unhappy with their decisions.

Roll Call

Presidents Should Not Ignore Court Rulings

Vice President J.D. Vance believes presidents can ignore the courts in some situations. Are we heading for a constitutional crisis?

Reason

Five former Treasury secretaries issue stark warning about DOGE takeover

Ex-officials took the ‘extraordinary step’ of commenting due to concern over the ‘arbitrary and capricious political control of federal payments’

The Independent UK

Experts warn of potential system ‘breakdown’ as Musk and Vance question judges’ authority

‘Judges aren't allowed to control the executive's legitimate power,’ JD Vance says

The Independent UK

Trump administration pans judge's order limiting Treasury system access - Roll Call

The Trump administration urged a federal judge to roll back an order that restricted access to a critical Treasury Department payment system.

Roll Call

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Top News

Vice President JD Vance Questions Judiciary's Power Over Executive Actions

Vice President JD Vance questions judiciary's authority over executive power amid recent court setbacks for the Trump administration.

Latin Times

Elon Musk Demands Judge Who Blocked DOGE From Accessing Treasury Payment Systems Be 'Impeached Now!'

Elon Musk demanded the impeachment of a federal judge after a ruling blocked his spending task force, DOGE, from accessing Treasury payment systems.

Salon

Musk: Impeach judge who blocked DOGE

In a series of late-night posts to X, Musk raged against a federal judge that restrained DOGE's access to data

Salon

Judge restrains DOGE Treasury access

The temporary restraining order came after more than a dozen states filed suit over Elon Musk's vast access

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Latin Times

Federal Judge Blocks Elon Musk's DOGE From Accessing Treasury Department Records

A federal judge early Saturday slammed the brakes on Elon Musk's government reform committee from accessing Treasury Department data that includes the Social Security information and bank account numbers of millions of Americans, according to reports.

Reason

Don't Give Me That ChatGPT-4 Nonsense, Judge Says

From Judge Paul Engelmayer's order Thursday in J.G. v. N.Y. City Dep't of Ed. (S.D.N.Y.), deciding on attorney fees to be awarded under the Individuals with Disabilities Education Act: The Cuddy Law Firm also states that its requested hourly rates are supported by feedback it received from the artificial intelligence…

Reason

"The Court Reminds … Counsel of the Expectation … That Counsel Will Comport Themselves with Decency"

From Judge Paul Engelmayer (S.D.N.Y.) in Johnson v. Everyrealm, Inc. (Apr. 26, 2023): The Court late last night received an urgent request by email from Shane Seppinni, Esq., counsel for plaintiff Tevo Johnson, seeking, on account of a medical emergency, an adjournment of the Friday, April 28, 2023 deadline for…

Reason

Pseudonymity for Defendant Accused of "Professional Wrongdoing," If Case Is Promptly Settled

In IPSOS MMA, Inc. v. Doe (decided Jan. 25 but just posted on Westlaw), the plaintiff, a marketing analytics company, sued an ex-employee for alleged trade secret infringement; the case settled within three months of filing, and Judge Paul Engelmayer (S.D.N.Y.) allowed it to be litigated pseudonymously: On November 18,…

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