Rob Tricchinelli

Washington, D.C.

Editor and Team Leader, Bloomberg Law at Bloomberg Industry Group

Editor / team leader for corporate news at @blaw. Crossword speed-solver. RPI, Maryland, Cornell.

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Articles

Boy Scouts Beat Bankruptcy Plan Appeal Over Liability Shield (3)

1 day ago | news.bloombergtax.com | Rob Tricchinelli

The Boy Scouts of America’s bankruptcy reorganization plan and $2.46 billion child sex abuse settlement has advanced too far to be unwound, a federal appeals court ruled. A trust established to administer the largest child sex abuse settlement in US history can continue its work distributing funds to about 82,000 abuse survivors without pause, the US Court of Appeals for the Third Circuit held Tuesday.
Fourth Circuit Grills Michael Jordan Team on NASCAR Injunction

5 days ago | news.bloombergtax.com | Randi Love |Rob Tricchinelli

The Fourth Circuit grilled lawyers Friday for two racing teams, including one owned by NBA Hall of Famer Michael Jordan, over an injunction that allows them to compete as chartered teams in the 2025 NASCAR season. A three-judge panel at the US Court of Appeals for the Fourth Circuit said during oral argument that a chartered team agreement excluding certain standard releases, which a district court ordered in December 2024, seemed to contradict appellate court precedent.
Roster Size Limits Get Loosened in $2.8 Billion NCAA Deal (1)

1 week ago | news.bloombergtax.com | Rob Tricchinelli

The NCAA and athlete plaintiffs submitted revisions Wednesday to a $2.8 billion antitrust settlement proposal, offering to exempt some Division I athletes from roster limits to help satisfy conditions by a federal judge.
Bestwall Appeal Offers Glimpse at Asbestos Bankruptcies’ Future

1 week ago | news.bloombergtax.com | Randi Love |Rob Tricchinelli

An appeal between a Georgia-Pacific LLC asbestos liability-holding unit and junior creditors offers another stab at success for companies using bankruptcy to address longstanding tort litigation, after a series of failed attempts.
Live Nation’s Legal Pressure Grows as Private, DOJ Suits Advance

3 weeks ago | news.bloombergtax.com | Rob Tricchinelli

Live Nation Entertainment Inc. and its Ticketmaster LLC unit are preparing for risks tied to the outcomes of both a private antitrust lawsuit that recently cleared a major hurdle and an ongoing Justice Department case. A federal judge on April 11 denied Live Nation’s bid to dismiss a private lawsuit brought by consumers in 2022, ruling that the plaintiffs had antitrust standing to pursue the next stage of litigation, including discovery and pretrial motions.
SunPower Customers Press Manufacturer Waaree on Warranty Claims

3 weeks ago | news.bloombergtax.com | Angélica Serrano-Román |Rob Tricchinelli

When solar panel company SunPower Corp. filed for bankruptcy last year, customers looking for warranty help found themselves at the mercy of parts providers, one of which was unprepared for the influx of claims. Products from Waaree Energies Ltd., India’s largest solar PV module maker, were used in many SunPower panels. But SunPower didn’t include Waaree in a list of parts makers honoring warranties.
SEC Keeps Eye on WhatsApp, Signal Usage Despite Trump Changes

3 weeks ago | news.bloombergtax.com | Rob Tricchinelli

Wall Street’s widespread use of electronic communication platforms such as WhatsApp, Signal, and iMessage prompted an SEC sweep of regulated firms’ recordkeeping and surveillance under the past administration, but the regulator is unlikely to abandon the crackdown even as other priorities shift.
Southern Glazer’s Fails to Dodge FTC Price-Discrimination Suit

3 weeks ago | news.bloombergtax.com | Rob Tricchinelli

Southern Glazer’s Wine & Spirits LLC was unable to convince a federal judge to toss a Federal Trade Commission suit alleging the company illegally sold alcohol products to small businesses at prices far higher than to large national and regional chains. The FTC sufficiently alleged that Southern Glazer’s discriminated in prices among its customers, Judge Fred W. Slaughter of the US District Court for the Central District of California said.
CFPB’s Latest Layoffs Halted in Setback to Shutdown Effort (1)

3 weeks ago | news.bloombergtax.com | Olivia Alafriz |Rob Tricchinelli

The Consumer Financial Protection Bureau may not proceed with agencywide job cuts, while a D.C. federal court weighs whether the terminations would violate a preliminary injunction blocking the agency from shutting down. Judge Amy Berman Jackson of the US District Court for the District of Columbia said from the bench Friday that a written order blocking the layoffs would come out later in the day.
Musk’s DOGE Hunts for SEC Cuts but Savings Will Prove Elusive

4 weeks ago | news.bloomberglaw.com | Rob Tricchinelli

Making drastic cuts to the Securities and Exchange Commission won’t save taxpayers a dime. But the Wall Street regulator still finds itself in the crosshairs of Elon Musk’s Department of Government Efficiency as scores of employees head for the exits. A DOGE team arrived at the SEC late last month and is being led by Eliezer Mishory, the former chief regulatory officer of derivatives exchange Kalshi Inc., Bloomberg News reported.