2022 AG Elections
Republican Candidate Seeks 2022 Rematch In opposition to Minnesota’s Incumbent Lawyer Basic
- Doug Wardlow, common counsel for My Pillow, Inc. and a former state consultant, has introduced he’ll once more search the Republican nomination for Minnesota AG.
- If he had been to obtain the nomination, Wardlow’s problem to incumbent Democratic AG Keith Ellison could be a rematch of the 2018 election, which Ellison gained by a margin of 49% to 45%.
- For extra AG election information, insights, and polls, go to Cozen O’Connor’s State AG Election Tracker.
Timeshare Exit Firm to Pay Over $220,000 for Deceiving Customers
- Missouri AG Eric Schmitt obtained a default judgment in opposition to timeshare exit firm Martin Administration Group LLC and its proprietor (collectively “Martin Administration”) over allegations that it charged upfront charges and failed to offer promised companies in violation of Missouri’s Merchandising Practices Act.
- The complaint alleged that Martin Administration solicited giant sums of cash from clients by falsely guaranteeing to refund their fee if it couldn’t get hold of a launch from their timeshare commitments inside 180 days and instructed purchasers to redirect timeshare upkeep charges to itself, placing a number of clients in arrears with their timeshare holding firms.
- In response to the AG’s workplace, the judgment awards over $222,000 to the state, together with roughly $170,000 for restitution and $52,000 in civil penalties and attorneys’ prices. The judgment additionally completely enjoins Martin Administration from providing or promoting timeshare-exit companies within the state.
- As previously reported, AG Schmitt individually sued Brian Scroggs and 4 timeshare-exit firms below his management over comparable allegations.
Bipartisan Group of Attorneys Basic Urge FCC to Assist Enhance Entry to Distant Studying
- A bipartisan group of 30 AGs, led by Colorado AG Phil Weiser and Nebraska AG Doug Peterson, submitted a remark letter to the Federal Communications Fee (“FCC”) urging the FCC to increase its E-Fee program, which gives funding for increasing college and library broadband connectivity to help distant studying through the COVID-19 pandemic.
- The letter was despatched in help of a number of states’ petitions, together with Colorado, looking for the momentary waiver of sure restrictions on the E-Fee program to permit the usage of E-Fee funds for Wi-Fi hotspots and different broadband Web options for college kids who lack sufficient connectivity to take part in distant education.
- The letter argues that the FCC has the authority to amend or waive E-Fee program guidelines to permit it to help a spread of technological options to the extraordinary want for distant studying through the COVID-19 pandemic. The letter additionally asserts that increasing Web entry via the E-Fee program might help guarantee instructional fairness.
Democratic Attorneys Basic Urge Common Federal Scholar Mortgage Reduction
- A gaggle of 17 Democratic AGs, led by Massachusetts AG Maura Healey and New York AG Letitia James, despatched a letter to the U.S. Congress urging the adoption of the Home and Senate resolutions calling on the Biden administration to cancel as much as $50,000 in federal pupil debt for each federal pupil mortgage borrower.
- The letter argues that broad cancellation of federal pupil mortgage debt will present financial aid to hundreds of thousands of debtors and a lift to the economic system.
- The letter additional notes that many federal pupil mortgage debtors had been struggling to repay their loans even earlier than the COVID-19 pandemic, that the present compensation applications in place don’t present enough alternatives for debtors going through monetary hardship to handle their money owed through the present financial disaster, and that failure to handle federal pupil mortgage funds can have catastrophic penalties for debtors, together with wage garnishment, lack of earnings tax credit, and seizure of social safety funds.
Texas Energy Corporations Investigated over Winter Storm Energy Outages
- Texas AG Ken Paxton issued Civil Investigative Calls for (“CIDs”) below the Texas Misleading Commerce Practices – Client Safety Act to 12 energy firms, together with the Electrical Reliability Council of Texas, Inc. (“ERCOT”) associated to the statewide energy outages within the wake of the current winter storm that battered the state and left hundreds of thousands of residents with out energy and warmth.
- The CIDs search data, paperwork, and communications concerning the businesses’ emergency plans, pricing insurance policies, and the storm-related energy outages, amongst different issues.
- The CIDs set a deadline of March 15, 2021 for the ability firms to adjust to the manufacturing calls for.
Cryptocurrency Platforms and Backers Focused over Allegedly Misleading Conduct
- New York AG Letitia James sued cryptocurrency buying and selling platform Coinseed, Inc. and its two prime executives (collectively “Coinseed”) over allegations that it operated illegally and defrauded buyers in violation of New York’s Martin Act.
- The complaint alleges that Coinseed raised funds in an unregistered securities providing and deceived buyers with false claims about its workers’s experience and expertise. The criticism seeks restitution, disgorgement, and injunctive aid.
- AG James additionally reached a settlement with iFinex Inc., the operator of cryptocurrency platform Bitfinex, and associated firms (collectively “Bitfinex”) and with the issuer of a cryptocurrency referred to as “tether,” Tether Holdings Restricted, and associated firms (collectively “Tether”) to resolve allegations that Bitfinex and Tether made false statements to buyers in violation of New York’s Martin Act.
- According to the settlement agreement with Bitfinex and Tether, the AG’s workplace’s investigation discovered that the businesses allegedly promoted “tether” as a stablecoin – a cryptocurrency backed by real-dollar reserves – despite the fact that Tether had no entry to banking and at instances held no reserves to again “tethers” in circulation. As well as, Bitfinex allegedly hid huge losses and misled its purchasers and the market concerning its liquidity issues.
- Beneath the phrases of the settlement settlement, amongst different issues, Bitfinex and Tether can pay $18.5 million in penalties to the state. Bitfinex and Tether are additionally banned from any buying and selling actions with New Yorkers and are required to report their efforts to exclude New Yorkers from their buying and selling actions.