1 00:00:03,200 --> 00:00:10,240 Speaker 1: This is Bloomberg Law with June Brusso from Bloomberg Radio. 2 00:00:11,440 --> 00:00:14,600 Speaker 2: It's one of two Supreme Court cases within a week 3 00:00:14,800 --> 00:00:19,520 Speaker 2: over securities fraud class action lawsuits against giant tech companies. 4 00:00:19,920 --> 00:00:24,279 Speaker 2: Last Wednesday, it was Meta's Facebook. This Wednesday it was 5 00:00:24,320 --> 00:00:28,160 Speaker 2: in Vidia. Investors are suing in Vidia, now the world's 6 00:00:28,160 --> 00:00:31,640 Speaker 2: most valuable company, for misleading them about how much its 7 00:00:31,720 --> 00:00:36,080 Speaker 2: profits depended on the volatile cryptomney market. But the tech 8 00:00:36,120 --> 00:00:40,239 Speaker 2: company says the lawsuit relies on an expert opinion and 9 00:00:40,360 --> 00:00:44,680 Speaker 2: doesn't have evidence like company documents to back up its claims. 10 00:00:45,159 --> 00:00:49,000 Speaker 2: Justice Katanji Brown Jackson questioned how the investors could have 11 00:00:49,080 --> 00:00:54,600 Speaker 2: company documents before discovery the information gathering stage of litigation 12 00:00:55,120 --> 00:00:56,400 Speaker 2: has even taken place. 13 00:00:56,880 --> 00:00:59,920 Speaker 3: I guess my concern is that you appeared to be 14 00:01:01,240 --> 00:01:05,840 Speaker 3: requiring for plaintiffs to actually have the evidence in order 15 00:01:05,920 --> 00:01:10,760 Speaker 3: to plead their case. And I didn't understand the pleading standards, 16 00:01:10,840 --> 00:01:14,720 Speaker 3: even with particularity, to require that they have the documents, 17 00:01:14,760 --> 00:01:17,720 Speaker 3: Nor do I understand how they could have the documents 18 00:01:17,760 --> 00:01:20,400 Speaker 3: when discovery hasn't occurred yet. 19 00:01:20,800 --> 00:01:23,479 Speaker 2: And several of the justices seem to have a bit 20 00:01:23,520 --> 00:01:27,680 Speaker 2: of buyer's remorse about granting review in the case, saying 21 00:01:27,720 --> 00:01:31,080 Speaker 2: it was two facts specific and didn't present the kind 22 00:01:31,160 --> 00:01:35,280 Speaker 2: of broad legal issues that normally prompt Supreme Court review. 23 00:01:35,800 --> 00:01:40,520 Speaker 2: Here justice is Sonya Sotmayor Elena Kagan and Samuel Alito. 24 00:01:41,000 --> 00:01:46,240 Speaker 4: We often don't grant, sir to error correct? Is this 25 00:01:46,840 --> 00:01:51,200 Speaker 4: entire case just an error correction? Oh, these particular documents 26 00:01:51,200 --> 00:01:54,520 Speaker 4: are not precise enough. I'm not actually sure what rule 27 00:01:55,360 --> 00:02:02,280 Speaker 4: we could articulate that would be clearer than our cases 28 00:02:02,400 --> 00:02:06,600 Speaker 4: already say. It becomes less and less clear why we 29 00:02:06,680 --> 00:02:10,040 Speaker 4: took this case number one as just as Sodama your suggested, 30 00:02:10,080 --> 00:02:12,160 Speaker 4: and number two why you should win it. 31 00:02:12,560 --> 00:02:16,320 Speaker 1: But this is a highly technical subject and I just 32 00:02:16,360 --> 00:02:22,200 Speaker 1: don't understand how a court is supposed to evaluate that 33 00:02:22,520 --> 00:02:24,160 Speaker 1: at the pleading stage. 34 00:02:24,440 --> 00:02:27,520 Speaker 2: Joining me is Gregory gar a partner at Latham and Watkins, 35 00:02:27,600 --> 00:02:30,800 Speaker 2: and the former Solicitor General of the United States, Greg 36 00:02:30,800 --> 00:02:32,880 Speaker 2: tell Us about the issue before the court. 37 00:02:33,040 --> 00:02:37,040 Speaker 5: So, this case involves the pleading requirements under the Private 38 00:02:37,080 --> 00:02:43,359 Speaker 5: Securities Litigation Reform Act, and specifically what a plaintiff has 39 00:02:43,440 --> 00:02:48,480 Speaker 5: to show to plead with the requisite particularity when the 40 00:02:48,560 --> 00:02:53,519 Speaker 5: claim is that a company misled investors based on internal 41 00:02:53,520 --> 00:02:55,920 Speaker 5: information that it knew. And the question is, does a 42 00:02:56,000 --> 00:02:59,480 Speaker 5: planiff in that situation have to actually produce or describe 43 00:02:59,520 --> 00:03:03,680 Speaker 5: in detail the internal company documents that the PLANEFF says 44 00:03:03,760 --> 00:03:08,079 Speaker 5: represents the company's knowledge, or can you prove that knowledge 45 00:03:08,120 --> 00:03:11,680 Speaker 5: through inferences by relying on expert reports and the like. 46 00:03:12,120 --> 00:03:16,440 Speaker 2: And so Justice Kotanji Brown Jackson said that in video 47 00:03:16,720 --> 00:03:21,400 Speaker 2: was basically asking the plaintiffs to have the evidence at 48 00:03:21,440 --> 00:03:24,120 Speaker 2: the pleating stage before they get. 49 00:03:23,960 --> 00:03:28,000 Speaker 5: Discovery, right, And that's the pushback that the more liberal 50 00:03:28,160 --> 00:03:32,440 Speaker 5: justices had for the company's lawyer. The reason for these 51 00:03:32,520 --> 00:03:36,040 Speaker 5: lawsuits is you typically get into federal court by passing 52 00:03:36,040 --> 00:03:40,040 Speaker 5: the pleating requirements and then you get discovery and potentially 53 00:03:40,080 --> 00:03:44,240 Speaker 5: access to the company's documents. So Justice Jackson sort of 54 00:03:44,400 --> 00:03:47,600 Speaker 5: said that the company was trying to put the Planets 55 00:03:47,600 --> 00:03:52,040 Speaker 5: in an impossible bind to produce the documents before discovery 56 00:03:52,240 --> 00:03:55,600 Speaker 5: had ensued. And the company's response to that was that 57 00:03:55,640 --> 00:03:59,720 Speaker 5: they weren't actually requiring the documents themselves, or that they 58 00:03:59,760 --> 00:04:04,200 Speaker 5: disc the documents in every detail, but they simply had 59 00:04:04,240 --> 00:04:08,800 Speaker 5: to describe the documents with some particularity. But that was 60 00:04:08,880 --> 00:04:12,080 Speaker 5: really the crux of the case that the company put 61 00:04:12,120 --> 00:04:12,760 Speaker 5: before the court. 62 00:04:13,000 --> 00:04:15,000 Speaker 2: What did you see as the concerns of some of 63 00:04:15,040 --> 00:04:16,080 Speaker 2: the other justices. 64 00:04:16,560 --> 00:04:18,520 Speaker 5: Well, I think that there was a frustration on the 65 00:04:18,520 --> 00:04:22,359 Speaker 5: court that they really weren't presented with a clear legal 66 00:04:22,480 --> 00:04:25,680 Speaker 5: rule on either side of the case, and that ultimately 67 00:04:25,760 --> 00:04:29,000 Speaker 5: the case seemed to boil down to the application of 68 00:04:29,080 --> 00:04:32,960 Speaker 5: existing law to a really long complaint, which is something 69 00:04:33,000 --> 00:04:35,599 Speaker 5: that district courts do all the time, but the Supreme 70 00:04:35,640 --> 00:04:39,400 Speaker 5: Court justices don't do, and particularly don't like to do. 71 00:04:39,560 --> 00:04:41,520 Speaker 5: And so you could see throughout the argument that there 72 00:04:41,560 --> 00:04:43,800 Speaker 5: was a frustration on the part of the justices that 73 00:04:43,839 --> 00:04:46,600 Speaker 5: they were being asked to undertake a task that they 74 00:04:46,640 --> 00:04:49,839 Speaker 5: typically don't do in engaging in a sort of error 75 00:04:49,839 --> 00:04:52,640 Speaker 5: correction based on their own reading of the complaint. 76 00:04:52,839 --> 00:04:56,880 Speaker 2: Yeah, it seems like justices across the ideological spectrum were 77 00:04:56,960 --> 00:05:00,200 Speaker 2: concerned about that. And did it seem like that of 78 00:05:00,200 --> 00:05:03,839 Speaker 2: buyer's remorse, Because just as Sodomayor said, you know, we 79 00:05:03,880 --> 00:05:08,480 Speaker 2: don't grant sert to error correct and Justice Alitos said 80 00:05:08,520 --> 00:05:11,120 Speaker 2: that I don't understand how a court is supposed to 81 00:05:11,120 --> 00:05:16,240 Speaker 2: evaluate this highly technical subject at this preliminary stage. Just 82 00:05:16,320 --> 00:05:19,520 Speaker 2: as Kagan said, it becomes less and less clear why 83 00:05:19,560 --> 00:05:22,360 Speaker 2: we took this case. I mean, were they questioning whether 84 00:05:22,360 --> 00:05:24,360 Speaker 2: they should have granted cert in the first place. 85 00:05:25,000 --> 00:05:27,880 Speaker 5: I think they were. And of course, the Supreme Court 86 00:05:28,200 --> 00:05:32,560 Speaker 5: gets to decide which cases it hears every year, and 87 00:05:32,640 --> 00:05:36,040 Speaker 5: so it can pick the cases it likes. And here 88 00:05:36,160 --> 00:05:38,599 Speaker 5: I think you're right that there were some buyer's remorse 89 00:05:38,680 --> 00:05:41,719 Speaker 5: that the case, once it was fully briefed and presented 90 00:05:41,800 --> 00:05:44,080 Speaker 5: to the Court at argument, wasn't necessarily the case that 91 00:05:44,080 --> 00:05:46,840 Speaker 5: they thought they were buying when they agreed to hear it. 92 00:05:46,920 --> 00:05:49,960 Speaker 5: And so one possible outcome is that the Court would 93 00:05:50,000 --> 00:05:53,560 Speaker 5: simply decline to decide the case at all and to 94 00:05:53,640 --> 00:05:56,200 Speaker 5: dig it, which means that they would dismiss the writ 95 00:05:56,240 --> 00:05:59,080 Speaker 5: of Cercherai that thet agreed to hear the case as 96 00:05:59,120 --> 00:06:02,000 Speaker 5: improvidently granted, so the case could simply go away. 97 00:06:02,440 --> 00:06:06,680 Speaker 2: Justice Kavanaugh expressed a concern that outside groups and in 98 00:06:06,839 --> 00:06:11,880 Speaker 2: Vidia's lawyer had raised that the Ninth Circuit decision below 99 00:06:12,000 --> 00:06:16,760 Speaker 2: here created a sort of blueprint or roadmap for plaintiffs 100 00:06:16,800 --> 00:06:20,160 Speaker 2: to get around the heightened pleading standard that Congress set 101 00:06:20,200 --> 00:06:23,200 Speaker 2: out in the Private Securities Litigation Reform Act. 102 00:06:23,480 --> 00:06:27,880 Speaker 5: Right, and Just Kavanaugh was probably the most outspoken justice 103 00:06:27,920 --> 00:06:30,359 Speaker 5: on the side of the company at the oral argument, 104 00:06:30,480 --> 00:06:33,360 Speaker 5: and his concern was that if the Ninth Circuit decision 105 00:06:33,520 --> 00:06:36,599 Speaker 5: in this case is allowed, then it just creates a 106 00:06:36,640 --> 00:06:40,479 Speaker 5: blueprint or recipe for points to file where anytime you 107 00:06:40,560 --> 00:06:43,040 Speaker 5: have a stop drop, you can just go out and 108 00:06:43,120 --> 00:06:46,800 Speaker 5: find an expert that would put together numbers that would 109 00:06:46,800 --> 00:06:50,880 Speaker 5: contradict a company's public statements and then enledge in a 110 00:06:50,920 --> 00:06:54,840 Speaker 5: lawsuit that the company keeps records that its executives look 111 00:06:54,880 --> 00:06:57,800 Speaker 5: at and argued that those records would have matched their 112 00:06:57,839 --> 00:07:02,520 Speaker 5: own experts numbers. So there you have it. Presto a 113 00:07:02,720 --> 00:07:07,239 Speaker 5: securities action that would proceed past the motion to dismiss stage. 114 00:07:07,520 --> 00:07:10,480 Speaker 5: And in these sorts of cases, particularly with class actions, 115 00:07:10,880 --> 00:07:13,400 Speaker 5: that's really the ballgame, because. 116 00:07:13,080 --> 00:07:15,239 Speaker 2: The pressure on the company is then to settle. 117 00:07:15,400 --> 00:07:18,640 Speaker 5: There's enormous pressure on the companies to settle in that 118 00:07:18,760 --> 00:07:23,960 Speaker 5: context given the potential damages. Although here Justice Kavanaugh actually 119 00:07:24,040 --> 00:07:27,720 Speaker 5: pressed the plaineoff's lawyer on what the magnitude of the 120 00:07:27,800 --> 00:07:31,440 Speaker 5: damages would be, and the planiff's lawyer was a little 121 00:07:31,440 --> 00:07:33,560 Speaker 5: bit coy and ultimately said he did not know the 122 00:07:33,600 --> 00:07:37,320 Speaker 5: answer to that question, perhaps because the amount was potentially 123 00:07:37,360 --> 00:07:38,000 Speaker 5: quite large. 124 00:07:38,240 --> 00:07:42,000 Speaker 2: Here's part of that exchange between Justice Kavanaugh and the 125 00:07:42,000 --> 00:07:44,840 Speaker 2: attorney for the shareholders, Deepak Gupta. 126 00:07:45,360 --> 00:07:47,520 Speaker 5: How much money is at stake in this case? 127 00:07:48,120 --> 00:07:52,480 Speaker 6: The words, the fewer to prevail ultimately in the class, 128 00:07:53,080 --> 00:07:57,160 Speaker 6: not as much as it might seem, because I don't 129 00:07:57,160 --> 00:07:59,920 Speaker 6: want the court to get the impression that this enormous 130 00:08:00,080 --> 00:08:03,600 Speaker 6: delta of sales is what's that issue? It would be 131 00:08:03,640 --> 00:08:05,920 Speaker 6: an issue would be you would have to show lost 132 00:08:05,960 --> 00:08:07,240 Speaker 6: causation and materiality. 133 00:08:07,280 --> 00:08:08,080 Speaker 2: What are you seeking? 134 00:08:08,160 --> 00:08:10,520 Speaker 4: Like if you ran the table, what are you seeking? 135 00:08:10,880 --> 00:08:13,680 Speaker 6: Roughly, I don't know what the numbers are. You're on her? 136 00:08:13,920 --> 00:08:16,280 Speaker 2: What did you make of Justice score such? He sort 137 00:08:16,320 --> 00:08:20,280 Speaker 2: of went into what the CEO knew at the. 138 00:08:20,280 --> 00:08:23,920 Speaker 5: Time, right, So he pressed the lawyers on both sides 139 00:08:24,080 --> 00:08:26,920 Speaker 5: really about what inferences could be drawn about what the 140 00:08:26,960 --> 00:08:30,320 Speaker 5: CEO knew and sort of, you know, question whether or 141 00:08:30,320 --> 00:08:33,800 Speaker 5: not it was plausible that a CEO wouldn't know about 142 00:08:34,200 --> 00:08:39,000 Speaker 5: potential downtick in sales and the magnitude alleged here billions 143 00:08:39,040 --> 00:08:42,280 Speaker 5: of dollars, and so he had tough questions and he 144 00:08:42,400 --> 00:08:44,760 Speaker 5: clearly was, you know, I think prepared to get into 145 00:08:44,840 --> 00:08:46,400 Speaker 5: the weeds of this case to resolve it. 146 00:08:46,640 --> 00:08:51,680 Speaker 2: Several of the justices seemed to be saying, too Invidia's lawyer, well, 147 00:08:51,840 --> 00:08:54,480 Speaker 2: you want a bright line test, and we can't give 148 00:08:54,520 --> 00:08:57,240 Speaker 2: you a bright line test. And the Chief Justice didn't 149 00:08:57,240 --> 00:08:59,640 Speaker 2: seem to be happy with either side's position. 150 00:09:00,080 --> 00:09:02,160 Speaker 5: He wasn't, as he put it, I think, you know, 151 00:09:02,280 --> 00:09:04,800 Speaker 5: both sides want to present this in black and white terms, 152 00:09:04,840 --> 00:09:07,400 Speaker 5: but there really wasn't a clear rule on either side 153 00:09:07,520 --> 00:09:09,800 Speaker 5: that the Court was likely to adopt, and so they 154 00:09:09,800 --> 00:09:13,280 Speaker 5: were left in this middle ground that again probably would 155 00:09:13,320 --> 00:09:16,840 Speaker 5: produce a very narrow ruling that would require the justices 156 00:09:17,000 --> 00:09:20,920 Speaker 5: to roll up their sleeves and apply the pleading standard 157 00:09:20,920 --> 00:09:25,400 Speaker 5: to the particular allegations here in this extensive complaint, which 158 00:09:25,440 --> 00:09:28,079 Speaker 5: is something that the Supreme Court justices you know, probably 159 00:09:28,120 --> 00:09:29,440 Speaker 5: don't want to spend their time doing. 160 00:09:29,880 --> 00:09:33,400 Speaker 2: Greg. This case is about pleading under the Private Securities 161 00:09:33,400 --> 00:09:37,040 Speaker 2: Litigation Reform Act, which was passed in nineteen ninety five. 162 00:09:37,280 --> 00:09:38,600 Speaker 2: Will you tell us a little about it? 163 00:09:38,920 --> 00:09:39,199 Speaker 1: Sure? 164 00:09:39,400 --> 00:09:43,160 Speaker 5: So this Act was passed in response to concerns about 165 00:09:43,240 --> 00:09:47,400 Speaker 5: a flood of potentially frivolous securities actions and the like, 166 00:09:47,440 --> 00:09:51,960 Speaker 5: and so Congress specifically ramped up the pleading requirements for 167 00:09:52,040 --> 00:09:55,440 Speaker 5: these types of actions by stating what you know, arguably 168 00:09:55,520 --> 00:09:58,760 Speaker 5: the law required in some respects before then, but stating 169 00:09:58,960 --> 00:10:02,600 Speaker 5: in a statute that the planiffs must plead with particularity 170 00:10:02,679 --> 00:10:07,120 Speaker 5: the facts constituting securities fraud, and must you know, plead 171 00:10:07,160 --> 00:10:10,360 Speaker 5: facts that create a strong inference that the defendants acted 172 00:10:10,400 --> 00:10:14,240 Speaker 5: knowingly or recklessly. And so in this area, and with 173 00:10:14,320 --> 00:10:17,679 Speaker 5: respect to pleading standards more generally, you know, the slightest 174 00:10:17,800 --> 00:10:22,760 Speaker 5: uptick in the rigorousness of the pleating requirements can screen 175 00:10:22,840 --> 00:10:25,240 Speaker 5: out a number of cases. And you know, I think 176 00:10:25,240 --> 00:10:28,199 Speaker 5: that that was one of Converse's goals here and has 177 00:10:28,280 --> 00:10:30,920 Speaker 5: had that effect. And so the court in this case 178 00:10:31,000 --> 00:10:35,560 Speaker 5: is revisiting the strength of those standards, and in particular 179 00:10:35,880 --> 00:10:39,839 Speaker 5: the requirement of stating with particularity in this context where 180 00:10:39,960 --> 00:10:43,800 Speaker 5: the planiffs don't have access to documents that would show 181 00:10:43,840 --> 00:10:46,760 Speaker 5: what the company knew, but have an expert who's willing 182 00:10:46,800 --> 00:10:49,920 Speaker 5: to say, based on his or her own opinion, what 183 00:10:50,080 --> 00:10:54,000 Speaker 5: is likely the company's executives would have had or seen 184 00:10:54,400 --> 00:10:56,360 Speaker 5: prior to this dock drop that issue. 185 00:10:56,559 --> 00:10:59,800 Speaker 2: So in Vidia in twenty twenty two agree to pay 186 00:10:59,840 --> 00:11:04,559 Speaker 2: five point five million to US authorities to settle charges 187 00:11:04,600 --> 00:11:08,280 Speaker 2: that it didn't properly disclose the impact of crypto mining 188 00:11:08,440 --> 00:11:12,160 Speaker 2: on its gaming business without admitting or denying the findings 189 00:11:12,240 --> 00:11:16,400 Speaker 2: as usual. Does that have any impact here that settlement 190 00:11:16,880 --> 00:11:17,480 Speaker 2: not really. 191 00:11:17,559 --> 00:11:21,679 Speaker 5: It came up in oral argument. The government was participating 192 00:11:21,920 --> 00:11:24,760 Speaker 5: in the case, and the Biden administration came in on 193 00:11:24,880 --> 00:11:28,120 Speaker 5: the side of the plaintiffs here and argued that the 194 00:11:28,200 --> 00:11:31,280 Speaker 5: Ninth Circuit had gotten it right. And the Justices did 195 00:11:31,320 --> 00:11:35,200 Speaker 5: ask about that sec action. But this case is really 196 00:11:35,200 --> 00:11:38,800 Speaker 5: going to rise or fall on its own allegations under 197 00:11:38,920 --> 00:11:41,200 Speaker 5: the demands of the PSLRA. 198 00:11:42,040 --> 00:11:45,920 Speaker 2: Just last week, the Justices were considering whether to shut 199 00:11:45,960 --> 00:11:51,040 Speaker 2: down another class action investors lawsuit against Facebook stemming from 200 00:11:51,040 --> 00:11:56,439 Speaker 2: the privacy scandal, involving the Cambridge Analytical Political consulting firm. 201 00:11:56,800 --> 00:11:59,720 Speaker 2: Is there a reason why they have two sort of 202 00:11:59,800 --> 00:12:03,880 Speaker 2: similar cases in this term? Is this a real problem? 203 00:12:04,160 --> 00:12:08,000 Speaker 5: I think it's probably fortuitous that the two cases happened 204 00:12:08,040 --> 00:12:11,200 Speaker 5: to come to the court at the same time. That said, 205 00:12:11,240 --> 00:12:13,800 Speaker 5: both cases came out of the Ninth Circuit, and the 206 00:12:13,880 --> 00:12:15,920 Speaker 5: Ninth Circuit has been sort of a hotbed for this 207 00:12:16,120 --> 00:12:19,600 Speaker 5: kind of litigation, and so it's not surprising in that 208 00:12:19,679 --> 00:12:21,880 Speaker 5: sense that some of these cases has gotten to the 209 00:12:21,920 --> 00:12:24,640 Speaker 5: Supreme Court. But having taken two of these cases and 210 00:12:24,679 --> 00:12:26,600 Speaker 5: heard them in the same week, and I think it's 211 00:12:26,640 --> 00:12:29,440 Speaker 5: there to say that in both cases justices were grappling 212 00:12:29,480 --> 00:12:32,800 Speaker 5: for answers. It may be a while before the justices 213 00:12:32,840 --> 00:12:35,840 Speaker 5: decided to wade back into this area. 214 00:12:37,320 --> 00:12:39,840 Speaker 2: So what's your take. Do you think that there needs 215 00:12:39,840 --> 00:12:44,000 Speaker 2: to be more specificity and pleading in these kinds of cases. 216 00:12:44,360 --> 00:12:47,400 Speaker 5: I think, you know, Congress was wise to pass the 217 00:12:47,440 --> 00:12:51,440 Speaker 5: Private Securities Litigation Reform Act, and those pleading standards you 218 00:12:51,480 --> 00:12:55,080 Speaker 5: know have and should have teeth. I think in this 219 00:12:55,240 --> 00:12:58,960 Speaker 5: area usually the pleating standard at the motion to dismiths 220 00:12:58,960 --> 00:13:02,720 Speaker 5: stage is you know, the critical test in the litigation, 221 00:13:02,880 --> 00:13:06,120 Speaker 5: because once you get past that pleading stage, then you 222 00:13:06,160 --> 00:13:10,240 Speaker 5: get discovery. The cost of litigation rise greatly and you 223 00:13:10,240 --> 00:13:13,880 Speaker 5: have a threat of enormous damages that often push defendants 224 00:13:13,920 --> 00:13:17,320 Speaker 5: into settlement even when they strongly believe that there was 225 00:13:17,360 --> 00:13:20,040 Speaker 5: no securities fraud in the first place. So I think 226 00:13:20,080 --> 00:13:23,440 Speaker 5: courts you have to police these requirements carefully. So in 227 00:13:23,440 --> 00:13:26,000 Speaker 5: that sense, it's not surprising that the Supreme Court with 228 00:13:26,240 --> 00:13:29,800 Speaker 5: intervene fears that a court has either veered from the 229 00:13:29,880 --> 00:13:33,560 Speaker 5: law or where courts have taken conflicting positions on what 230 00:13:33,640 --> 00:13:34,720 Speaker 5: these standards require. 231 00:13:35,000 --> 00:13:36,880 Speaker 2: Thanks so much, Greg, Always a pleasure to have you 232 00:13:36,920 --> 00:13:40,199 Speaker 2: on the show. That's Gregory gar of Latham and Watkins, 233 00:13:40,240 --> 00:13:45,400 Speaker 2: the former US Solicitor General. This bill mandates the display 234 00:13:45,520 --> 00:13:50,240 Speaker 2: of the Ten Commandments in every classroom in public, elementary, secondary. 235 00:13:49,760 --> 00:13:54,480 Speaker 6: And post education schools in the state of Louisiana. 236 00:13:55,040 --> 00:13:58,280 Speaker 2: Louisiana was the first state to require that the Ten 237 00:13:58,360 --> 00:14:03,200 Speaker 2: Commandments be displayed in every public school classroom since nineteen 238 00:14:03,320 --> 00:14:07,199 Speaker 2: eighty when the Supreme Court struck down a similar Kentucky 239 00:14:07,280 --> 00:14:11,200 Speaker 2: law on First Amendment grounds. Governor Jeff Landry signed the 240 00:14:11,200 --> 00:14:15,000 Speaker 2: bill into law, which requires a poster size display or 241 00:14:15,120 --> 00:14:18,600 Speaker 2: framed document of the Ten Commandments to be put up 242 00:14:18,600 --> 00:14:20,800 Speaker 2: in every classroom by January. 243 00:14:21,200 --> 00:14:23,080 Speaker 6: Because if you want to respect the rule of law, 244 00:14:23,080 --> 00:14:27,560 Speaker 6: you got to start from the original lawgiver, which was Moses. 245 00:14:28,600 --> 00:14:31,200 Speaker 2: But a federal judge has stepped in to stop that 246 00:14:31,320 --> 00:14:35,360 Speaker 2: from happening, finding that the law is unconstitutional on its face. 247 00:14:35,760 --> 00:14:39,240 Speaker 2: The legal showdown won't end at the district court level, however, 248 00:14:39,520 --> 00:14:42,440 Speaker 2: with the state Attorney General saying she'll ask the Fifth 249 00:14:42,440 --> 00:14:46,080 Speaker 2: Circuit Court of Appeals to stay the judge's ruling while 250 00:14:46,160 --> 00:14:49,720 Speaker 2: she appeals, joining me his first Amendment. Law expert Caroline 251 00:14:49,720 --> 00:14:53,280 Speaker 2: Malak Corbin, a professor at the University of Miami Law School, 252 00:14:53,640 --> 00:14:56,880 Speaker 2: tell us about the judges ruling almost two hundred pages. 253 00:14:57,280 --> 00:15:00,520 Speaker 7: It was indeed very long. It was one hundred seventy 254 00:15:00,560 --> 00:15:08,240 Speaker 7: seven pages. So Louisiana had passed a law mandating the 255 00:15:08,360 --> 00:15:13,880 Speaker 7: posting of a particular version of the Ten Commandments in 256 00:15:14,160 --> 00:15:19,400 Speaker 7: every single classroom in the public schools of Louisiana, both 257 00:15:19,640 --> 00:15:24,080 Speaker 7: K through twelve and the university level, and this was challenged, 258 00:15:24,360 --> 00:15:28,880 Speaker 7: not surprisingly on establishment claws grounds, and the district court 259 00:15:29,400 --> 00:15:34,520 Speaker 7: gave sort of two paths of why this was in 260 00:15:34,680 --> 00:15:39,880 Speaker 7: fact in violation of the establishment clause, and his first 261 00:15:40,120 --> 00:15:45,480 Speaker 7: line of discussion was that there is very clear precedent 262 00:15:45,640 --> 00:15:49,360 Speaker 7: on this matter. Kentucky had tried the same thing back 263 00:15:49,400 --> 00:15:53,360 Speaker 7: in nineteen eighty. It too, had passed the law requiring 264 00:15:53,400 --> 00:15:56,720 Speaker 7: the posting of the Ten Commandments in every single classroom, 265 00:15:56,960 --> 00:16:01,560 Speaker 7: and the court said, no, yead to that there is 266 00:16:01,600 --> 00:16:06,560 Speaker 7: no real secular reason for this. You can't impose a 267 00:16:06,640 --> 00:16:11,320 Speaker 7: religion in the walls like that. It is unconstitutional. And 268 00:16:11,640 --> 00:16:17,640 Speaker 7: so there is Supreme Court precedent directly on point, and 269 00:16:17,760 --> 00:16:22,280 Speaker 7: so they said, under this decision, which is still good law, 270 00:16:22,440 --> 00:16:26,600 Speaker 7: because the Supreme Court has not yet explicitly overruled it, 271 00:16:27,000 --> 00:16:30,280 Speaker 7: this law cannot survive. And so that was one approach, 272 00:16:30,640 --> 00:16:35,040 Speaker 7: which is very straightforward. There is a Supreme Court decision 273 00:16:35,200 --> 00:16:37,880 Speaker 7: that considered the same issue, and when it did, it 274 00:16:38,000 --> 00:16:39,280 Speaker 7: found it unconstitutional. 275 00:16:39,560 --> 00:16:40,280 Speaker 4: And then it had. 276 00:16:40,240 --> 00:16:46,240 Speaker 7: Another line of argumentation because there is concern that the 277 00:16:46,280 --> 00:16:49,600 Speaker 7: Supreme Court is going to overrule that decision, and in 278 00:16:49,680 --> 00:16:54,640 Speaker 7: fact that's partly what Louisiana is hoping. And so given 279 00:16:54,800 --> 00:17:01,960 Speaker 7: this new Christian friendly Supreme Court, it may well decide 280 00:17:02,000 --> 00:17:05,960 Speaker 7: that that precedent is no longer good, in part because 281 00:17:06,000 --> 00:17:09,680 Speaker 7: it relied on some doctrine that the Supreme Court had rejected, 282 00:17:10,280 --> 00:17:14,480 Speaker 7: so anticipating that that argument, which should be enough, might 283 00:17:14,520 --> 00:17:18,359 Speaker 7: not be enough, it also analyzed the case under the 284 00:17:18,440 --> 00:17:22,720 Speaker 7: Supreme Court's more recent rulings, and the Supreme Court's more 285 00:17:22,840 --> 00:17:27,200 Speaker 7: recent rulings on the matter have said, when you're trying 286 00:17:27,240 --> 00:17:31,080 Speaker 7: to decide whether something violates the Establishment clause or not, 287 00:17:31,720 --> 00:17:35,560 Speaker 7: you must refer to the history and tradition of the 288 00:17:35,600 --> 00:17:38,680 Speaker 7: practice in question. And so that's what the Dissecurt did, 289 00:17:38,880 --> 00:17:41,600 Speaker 7: and in fact, there was even an expert who testified. 290 00:17:42,000 --> 00:17:45,359 Speaker 7: And then the question was is there a history and 291 00:17:45,400 --> 00:17:49,840 Speaker 7: tradition of posting the Ten Commandments on the walls of 292 00:17:49,880 --> 00:17:52,960 Speaker 7: public schools? And the answer was no, there's not. 293 00:17:53,600 --> 00:17:59,080 Speaker 2: The supporters of the bill had specifically referenced religious motivations 294 00:17:59,600 --> 00:18:02,520 Speaker 2: like the importance of children learning what God says is 295 00:18:02,640 --> 00:18:05,720 Speaker 2: right and what he says is wrong. Did that come 296 00:18:05,800 --> 00:18:08,200 Speaker 2: up in the oral arguments or the judge's decision? 297 00:18:08,600 --> 00:18:13,240 Speaker 7: So the bill did not say that. The bill tried 298 00:18:13,280 --> 00:18:18,119 Speaker 7: to claim a more secular purpose, but the sponsors of 299 00:18:18,160 --> 00:18:22,480 Speaker 7: the bill were quite straightforward in their goals, which, as 300 00:18:22,480 --> 00:18:27,399 Speaker 7: you mentioned, was to make sure children understood what God 301 00:18:27,560 --> 00:18:31,560 Speaker 7: thought was right and wrong. And so though the bill 302 00:18:31,800 --> 00:18:36,359 Speaker 7: tried to construct some potential understanding of the Ten Commandments 303 00:18:36,359 --> 00:18:40,959 Speaker 7: as a non religious doctrine, that text was really blied 304 00:18:41,000 --> 00:18:45,199 Speaker 7: by what the sponsors of the bill said when promoting it. 305 00:18:46,480 --> 00:18:50,240 Speaker 2: So now you mentioned the Supreme Court, and Louisiana argued 306 00:18:50,840 --> 00:18:55,359 Speaker 2: that based on the twenty two rulings in a case 307 00:18:55,400 --> 00:18:58,879 Speaker 2: where I think people know it mostly as the football 308 00:18:58,920 --> 00:19:02,879 Speaker 2: coach who wanted to pray at the fifty yard line 309 00:19:02,960 --> 00:19:07,600 Speaker 2: right after the games. So they're saying that since that ruling, 310 00:19:08,080 --> 00:19:12,080 Speaker 2: the courts have to interpret by reference to historical practices 311 00:19:12,080 --> 00:19:15,000 Speaker 2: and understandings. Is that basically their argument. 312 00:19:15,840 --> 00:19:16,119 Speaker 1: Yeah. 313 00:19:16,240 --> 00:19:19,840 Speaker 7: There used to be several different tests the court might 314 00:19:19,920 --> 00:19:24,359 Speaker 7: rely on in evaluating establishment clause challenges, and they have 315 00:19:24,400 --> 00:19:27,640 Speaker 7: different names. There was the lemon test, the endorsement test, 316 00:19:28,040 --> 00:19:32,280 Speaker 7: the history and tradition test, the coercion test. In that decision, 317 00:19:32,640 --> 00:19:36,840 Speaker 7: the Supreme Court essentially killed off two of them, and 318 00:19:36,880 --> 00:19:39,040 Speaker 7: it said, we are no longer going to rely on 319 00:19:39,080 --> 00:19:41,679 Speaker 7: the lemon tests, We're no longer going to rely on 320 00:19:41,840 --> 00:19:45,800 Speaker 7: the endorsement test. So what the court is going to 321 00:19:45,880 --> 00:19:50,760 Speaker 7: consider going forward when faced with an establishment clause challenge 322 00:19:51,240 --> 00:19:55,720 Speaker 7: is a history and tradition analysis, and also it will 323 00:19:55,760 --> 00:20:01,080 Speaker 7: consider whether anyone is being compelled into practice being religion 324 00:20:01,200 --> 00:20:05,199 Speaker 7: against their will. And so those the two frameworks the 325 00:20:05,240 --> 00:20:08,760 Speaker 7: court will use going forward. And the District Court in 326 00:20:08,800 --> 00:20:14,080 Speaker 7: fact used them again in anticipation of its reliance on 327 00:20:14,200 --> 00:20:18,159 Speaker 7: precedent not being enough for the current court and conducted 328 00:20:18,160 --> 00:20:22,399 Speaker 7: a history and tradition analysis and also found them to 329 00:20:22,440 --> 00:20:23,960 Speaker 7: be rather coercive. 330 00:20:24,280 --> 00:20:27,480 Speaker 2: Louisiana is going to appeal and they're in the Fifth Circuit, 331 00:20:27,880 --> 00:20:32,400 Speaker 2: which Indeed, the most conservative circuit in the country has 332 00:20:32,800 --> 00:20:36,440 Speaker 2: handed down some novel rulings lately, some of them even 333 00:20:36,440 --> 00:20:38,600 Speaker 2: too much for the Supreme Court. Do you have any 334 00:20:38,680 --> 00:20:40,879 Speaker 2: confidence in how the Fifth Circuit will rule? 335 00:20:41,280 --> 00:20:44,640 Speaker 7: I do not have any confidence in how they were ruled. 336 00:20:44,680 --> 00:20:48,720 Speaker 7: But it would not surprise me if they pick up 337 00:20:48,800 --> 00:20:54,600 Speaker 7: the baton that the Louisiana Statute laid down and argue 338 00:20:55,080 --> 00:20:57,960 Speaker 7: that there is in fact a history and tradition of 339 00:20:58,040 --> 00:21:03,719 Speaker 7: the Ten Commandments in school and therefore there is nothing 340 00:21:03,800 --> 00:21:07,679 Speaker 7: wrong with having posters. And it would not surprise me 341 00:21:07,920 --> 00:21:10,200 Speaker 7: if they said it was not at all coercives, because 342 00:21:10,240 --> 00:21:14,400 Speaker 7: no one's being forced to pray or do any particular 343 00:21:14,440 --> 00:21:19,720 Speaker 7: religious exercise. So I would not be surprised if again, 344 00:21:19,840 --> 00:21:24,160 Speaker 7: they constructed a history inaccurate history, by the way, because 345 00:21:24,320 --> 00:21:27,800 Speaker 7: the expert did quite a good job of dismantling some 346 00:21:27,920 --> 00:21:31,480 Speaker 7: of the claims that Louisiana made in its text, including 347 00:21:31,520 --> 00:21:37,240 Speaker 7: a completely fabricated quotation from James Madison. But nonetheless, they 348 00:21:37,320 --> 00:21:40,800 Speaker 7: will claim that there is plenty of evidence of having 349 00:21:40,880 --> 00:21:44,399 Speaker 7: the Ten Commandments of schools, and even if there's no 350 00:21:44,480 --> 00:21:48,159 Speaker 7: evidence of Ten Commandment posters in schools, it doesn't matter 351 00:21:48,560 --> 00:21:51,800 Speaker 7: it's enough that there were mention of the ten Commandment 352 00:21:52,080 --> 00:21:55,040 Speaker 7: or reading of the ten Commandment, and therefore there's no 353 00:21:55,160 --> 00:21:58,240 Speaker 7: violation of the Establishment clause. And there were a claim 354 00:21:58,359 --> 00:22:01,000 Speaker 7: that simply looking at the ten command is not going 355 00:22:01,040 --> 00:22:06,360 Speaker 7: to force children into doing anything religious, and therefore there 356 00:22:06,440 --> 00:22:08,080 Speaker 7: is no Establishment cause violation. 357 00:22:08,480 --> 00:22:11,399 Speaker 2: With the football coach, during the oral arguments, there was 358 00:22:11,440 --> 00:22:15,240 Speaker 2: a lot of discussion about whether it was coercive, whether 359 00:22:15,280 --> 00:22:18,400 Speaker 2: the players felt like they had to pray with him, 360 00:22:18,960 --> 00:22:22,720 Speaker 2: and you know, the justice is the conservative justices said, oh, no, 361 00:22:22,840 --> 00:22:23,720 Speaker 2: it's not coercive. 362 00:22:24,320 --> 00:22:29,679 Speaker 7: And there's a really important difference between the coach case 363 00:22:30,280 --> 00:22:35,679 Speaker 7: and this case because a lot of the case about 364 00:22:35,680 --> 00:22:41,919 Speaker 7: the praying coach turned on the court conclusion that he 365 00:22:42,200 --> 00:22:46,480 Speaker 7: was speaking as an individual and not as the government. 366 00:22:46,880 --> 00:22:52,720 Speaker 7: So they really viewed his action as a private person's 367 00:22:53,400 --> 00:22:59,160 Speaker 7: attempt to practice his own space, and consequently they really 368 00:22:59,280 --> 00:23:03,240 Speaker 7: viewed it through a free exercise lens and went out 369 00:23:03,280 --> 00:23:07,639 Speaker 7: of their way to ensure protection of his ability to 370 00:23:07,760 --> 00:23:12,160 Speaker 7: practice his religion, and that this would clearly take precedent 371 00:23:12,280 --> 00:23:17,760 Speaker 7: over any hypothetical Establishment Clause claim of coercion, for which 372 00:23:17,800 --> 00:23:20,960 Speaker 7: there was no proof that that asides. But the very 373 00:23:21,000 --> 00:23:25,680 Speaker 7: big difference here is there is no individual practicing their 374 00:23:25,720 --> 00:23:28,439 Speaker 7: faith in this case, and there is no question that 375 00:23:28,600 --> 00:23:32,760 Speaker 7: is is the government that is posting these Ten Commandments, 376 00:23:32,800 --> 00:23:36,320 Speaker 7: these religious documents on the walls. And so they have 377 00:23:36,480 --> 00:23:40,920 Speaker 7: to confront more directly the fact that the government is 378 00:23:41,160 --> 00:23:46,560 Speaker 7: posting something that's really inherently religious. And they were able 379 00:23:46,560 --> 00:23:49,680 Speaker 7: to dodge that more with a coach by saying, well, 380 00:23:49,720 --> 00:23:54,080 Speaker 7: it was him practicing his religion, not the government trying 381 00:23:54,080 --> 00:23:55,520 Speaker 7: to get the students to do it. 382 00:23:55,960 --> 00:23:59,120 Speaker 2: So you mentioned the Kentucky case. This is a very 383 00:23:59,119 --> 00:24:02,200 Speaker 2: different Supreme Court, and you know, as you're referred to, 384 00:24:03,040 --> 00:24:07,199 Speaker 2: I can't remember the last time religion lost at the 385 00:24:07,200 --> 00:24:10,600 Speaker 2: Supreme Court with the Roberts Court and especially with the 386 00:24:10,640 --> 00:24:15,120 Speaker 2: conservative majority. Do you think that the Kentucky case, if 387 00:24:15,119 --> 00:24:18,280 Speaker 2: this gets to the Supreme Court, that the Kentucky case 388 00:24:18,320 --> 00:24:19,000 Speaker 2: will stand. 389 00:24:19,520 --> 00:24:24,520 Speaker 7: I don't know, because the Supreme Court has traditionally been 390 00:24:25,640 --> 00:24:31,040 Speaker 7: especially mindful of the establishment clause in the school context 391 00:24:31,160 --> 00:24:34,760 Speaker 7: for a couple of reasons. The first is that you know, 392 00:24:34,800 --> 00:24:39,440 Speaker 7: the children in school are considered very young and very impressionable, 393 00:24:39,960 --> 00:24:44,560 Speaker 7: and therefore the government has heightened responsibilities towards them. And 394 00:24:44,880 --> 00:24:50,200 Speaker 7: second is that the students at school are a captive audience. 395 00:24:50,520 --> 00:24:53,000 Speaker 7: They have no choice but to be there. They're sort 396 00:24:53,040 --> 00:24:56,280 Speaker 7: of doubly captives. The government requires that they attend school 397 00:24:56,440 --> 00:25:00,000 Speaker 7: at then as school, they're under the control of the school, 398 00:25:00,960 --> 00:25:07,000 Speaker 7: and therefore, again there are heightened responsibilities when you're dealing 399 00:25:07,040 --> 00:25:12,040 Speaker 7: with the young, impressional students who are also a captive audience. 400 00:25:12,400 --> 00:25:16,720 Speaker 7: Will the Supreme Court continue to honor these considerations. I 401 00:25:16,720 --> 00:25:20,560 Speaker 7: don't know. Possibly not so, Caroline. 402 00:25:20,880 --> 00:25:24,679 Speaker 2: I know that this Louisiana was the first state to 403 00:25:25,560 --> 00:25:29,359 Speaker 2: enact this requirement, but in June and Oklahoma the state 404 00:25:29,520 --> 00:25:36,320 Speaker 2: superintendent ordered that the Bible be incorporated into lessons, and 405 00:25:36,480 --> 00:25:41,560 Speaker 2: Florida recently approved allowing volunteer religious chaplains to serve as 406 00:25:41,600 --> 00:25:46,120 Speaker 2: school counselors. I mean, is there a conservative Christian movement 407 00:25:46,640 --> 00:25:50,119 Speaker 2: to try to sort of move the line and get 408 00:25:50,600 --> 00:25:52,720 Speaker 2: religion into public schools. 409 00:25:53,000 --> 00:25:56,359 Speaker 7: Oh, I don't think there's any questions. I think that 410 00:25:56,560 --> 00:26:00,520 Speaker 7: the Supreme Court has made it clear that it is 411 00:26:01,200 --> 00:26:07,960 Speaker 7: very sympathetic towards lanes of religious exercise. It has also 412 00:26:08,040 --> 00:26:11,800 Speaker 7: made it clear that it does not hold the establishment 413 00:26:11,840 --> 00:26:16,359 Speaker 7: clause in highest scheme, and so I think this is 414 00:26:16,440 --> 00:26:20,280 Speaker 7: the vanguard of trying to get religion back into the schools, 415 00:26:20,640 --> 00:26:24,199 Speaker 7: and depending on the outcome of this case, we'll see 416 00:26:24,440 --> 00:26:27,359 Speaker 7: what happens in the rest of the country. I do 417 00:26:27,480 --> 00:26:31,600 Speaker 7: want to add one more point about the District court 418 00:26:31,640 --> 00:26:34,400 Speaker 7: s ruling. It sort of belongs a little bit more 419 00:26:34,440 --> 00:26:38,720 Speaker 7: in the earlier discussion. One of the really interesting things 420 00:26:38,760 --> 00:26:43,960 Speaker 7: about this challenge is it's not just the introduction of 421 00:26:44,680 --> 00:26:50,080 Speaker 7: religion into school, but it's the introduction of only one 422 00:26:50,359 --> 00:26:55,399 Speaker 7: faith tradition into the school. Because the Ten Commandments on 423 00:26:55,440 --> 00:27:01,560 Speaker 7: the wall are the Protestant kingings of versions of the 424 00:27:01,640 --> 00:27:08,639 Speaker 7: Ten Commandments. Different faith traditions have different types of Ten Commandments. So, 425 00:27:08,720 --> 00:27:13,960 Speaker 7: for example, the Catholic version is different because this one 426 00:27:14,119 --> 00:27:18,600 Speaker 7: says thou shalt make to thyself no graven images, whereas 427 00:27:18,760 --> 00:27:22,679 Speaker 7: that particular prohibition is not in the Catholic version of 428 00:27:22,760 --> 00:27:26,600 Speaker 7: the Ten Commandments, Whereas in the Jewish version of the 429 00:27:26,680 --> 00:27:29,879 Speaker 7: Ten Commandments. The first commandment here is I am the 430 00:27:29,920 --> 00:27:33,639 Speaker 7: Lord thy God, and the Jewish Ten Commandments it is 431 00:27:33,760 --> 00:27:36,320 Speaker 7: I Am the Lord thy God that brought you forth 432 00:27:36,359 --> 00:27:41,679 Speaker 7: from Egypt. And these are actually crucial theological differences. And 433 00:27:41,800 --> 00:27:46,399 Speaker 7: I mention this because under existing doctrine, as the District 434 00:27:46,480 --> 00:27:50,400 Speaker 7: Court highlighted, the court made it clear that the state 435 00:27:50,520 --> 00:27:56,200 Speaker 7: cannot discriminate against any other religion. It can't favor one 436 00:27:56,240 --> 00:28:01,480 Speaker 7: religion over others, it can't intentionally discriminate against other religions. 437 00:28:01,960 --> 00:28:06,560 Speaker 7: And the choice of this particular version seems to be 438 00:28:06,640 --> 00:28:11,960 Speaker 7: doing exactly that. And it's particularly problematic because if you 439 00:28:12,160 --> 00:28:16,959 Speaker 7: look at our history and tradition, at one point, to 440 00:28:17,040 --> 00:28:21,120 Speaker 7: the extent there was any religion in the schools, it 441 00:28:21,200 --> 00:28:28,320 Speaker 7: was Protestant religion, and it was explicitly meant to exclude Catholics. 442 00:28:28,480 --> 00:28:31,239 Speaker 7: So I'm taking a long time to say that the 443 00:28:31,400 --> 00:28:37,440 Speaker 7: court has long expressed concern about anti Catholic sentiments in 444 00:28:37,480 --> 00:28:41,800 Speaker 7: our country's history, and this could be seen as the 445 00:28:42,040 --> 00:28:47,440 Speaker 7: remnant of that historical hostility the Catholics that they so 446 00:28:47,840 --> 00:28:53,920 Speaker 7: often complain about and revile. So it might be a 447 00:28:54,040 --> 00:28:58,560 Speaker 7: little more complicated for them than it would otherwise be 448 00:28:58,840 --> 00:29:03,600 Speaker 7: with another particular religious practice in the schools. But the 449 00:29:03,640 --> 00:29:07,160 Speaker 7: fact that this is a Protestant ten commandment before a 450 00:29:07,240 --> 00:29:11,800 Speaker 7: court long characterize much of the history in the United 451 00:29:11,800 --> 00:29:15,560 Speaker 7: States as anti Catholic, maybe you would give them pause. 452 00:29:16,400 --> 00:29:18,520 Speaker 2: Well, the next stop is the fifth circuit. We'll see 453 00:29:18,520 --> 00:29:22,240 Speaker 2: what happens there. Thanks so much, Caroline. That's Professor Caroline 454 00:29:22,280 --> 00:29:26,239 Speaker 2: Mali Corbin of the University of Miami Law School. And 455 00:29:26,280 --> 00:29:28,520 Speaker 2: that's it for this edition of the Bloomberg Law Show. 456 00:29:28,920 --> 00:29:31,200 Speaker 2: Remember you can always get the latest legal news by 457 00:29:31,240 --> 00:29:35,000 Speaker 2: subscribing to the Bloomberg Law Podcast or downloading this show 458 00:29:35,040 --> 00:29:38,880 Speaker 2: at Bloomberg dot com, slash podcast, Slash Law. I'm Drewn 459 00:29:38,920 --> 00:29:40,720 Speaker 2: Bronco and you're listening to Bloomberg