WEBVTT - The Shadow Docket Is As Ominous As the Name

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<v Speaker 1>This is Bloombird Law with June Brusso from Bloombird Radio,

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<v Speaker 1>Who knows what evil lecks in the hearts of men?

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<v Speaker 1>From the old time radio show to TV and movies,

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<v Speaker 1>the shadow always sounded mysterious and ominous. Fast forward to

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<v Speaker 1>the aptly named shadow docket. Emergency orders of the Supreme Court,

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<v Speaker 1>short and unsigned, issued without a full briefing or arguments,

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<v Speaker 1>often late at night and without explanation. While the shadow

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<v Speaker 1>docket certainly isn't new, it's gaining ground on the regular docket.

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<v Speaker 1>Since August, the Court has issued more orders on the

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<v Speaker 1>shadow docket than opinions on the merits docket. Me Cony

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<v Speaker 1>Barrett is probably the first justice to be asked about

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<v Speaker 1>it at her confirmation hearings. You know, the shadow docket

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<v Speaker 1>has become a hot topic in the last couple of years.

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<v Speaker 1>This past term, the Court has used the shadow docket

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<v Speaker 1>to decide issues affecting millions of Americans, from abortion to

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<v Speaker 1>voting rights to COVID policy, and the three most conservative

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<v Speaker 1>justices have signaled they want to use it even more aggressively.

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<v Speaker 1>My guest is constitutional law experts Stephen Vladdock, a professor

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<v Speaker 1>at the University of Texas Law School. He's testified before

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<v Speaker 1>Congress about the shadow docket. Steve, why are we hearing

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<v Speaker 1>so much about the shadow docket lately? Well, I mean,

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<v Speaker 1>I think part of it is that the Court is

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<v Speaker 1>doing more and more significant stuff on the shadow docted.

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<v Speaker 1>I think more of it is that, you know, folks

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<v Speaker 1>are paying attention to it to a better degree than

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<v Speaker 1>ever before, and the Court, for all the headlines and

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<v Speaker 1>dramas around him, the most recent term, is actually deciding

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<v Speaker 1>a fewer cases on the merits doctor it at any

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<v Speaker 1>point since the Civil War. So you know, when you

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<v Speaker 1>have a flurry of significant rulings coming down through these unsigned,

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<v Speaker 1>often unexplained orders, it's no surprise that folks are paying

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<v Speaker 1>a lot more attention to that part of the Supreme

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<v Speaker 1>Court's work. Since August of one, the justices have issued

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<v Speaker 1>sixty six emergency orders compared to sixty merits opinions. So

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<v Speaker 1>does something seem off there or are these really emergencies?

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<v Speaker 1>Twenty nine were related to COVID rules fifteen to executions. Well,

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<v Speaker 1>and I think it's worth stressing that the denominator there

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<v Speaker 1>is not necessarily telling us how often the Court's intervening

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<v Speaker 1>I mean, so far this term, I might kind of

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<v Speaker 1>think the Court has granted sixteen emergency applications. That's on

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<v Speaker 1>rough paste for where we've been the last couple of years,

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<v Speaker 1>which is twenty to twenty four per term. But even

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<v Speaker 1>that's up dramatically over you know, prior years June. I

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<v Speaker 1>think part of what's going on is there have been

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<v Speaker 1>obviously a whole bunch of external causes for increased emergency delegation.

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<v Speaker 1>You know, part of it is that because the Court

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<v Speaker 1>is actually granted more of these applications, because more and

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<v Speaker 1>more of these efforts are succeeding. You know, lawyers are

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<v Speaker 1>acting as lawyers act. Lawyers are going to try to

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<v Speaker 1>remember the application in context in which they previously would

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<v Speaker 1>not have. And so I think we're just generally seeing

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<v Speaker 1>an increasingly active shadow docket, be getting an increasingly active

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<v Speaker 1>shadow docket where the more the justices seem willing to

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<v Speaker 1>intervene early in cases to disrupt the status quo through

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<v Speaker 1>these unsigned and usually i'll explained orders, the more the

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<v Speaker 1>parties are going to ask them to. I think that's

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<v Speaker 1>why we're seeing the shadow docket really start to compete

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<v Speaker 1>with the merits docket in overall volumes. This term, the

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<v Speaker 1>Court used the shadow docket to decide several hot button issues.

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<v Speaker 1>Have you identified any issues you think they shouldn't be

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<v Speaker 1>deciding on the shadow docket. It's hard to sort of

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<v Speaker 1>say that there's an issue that should or shouldn't be

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<v Speaker 1>for the shadow doc. And I think the question is

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<v Speaker 1>is the case really an emergency and it's just really

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<v Speaker 1>a context where the Court doesn't have time to hustle

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<v Speaker 1>the matter onto the marriage docket, to give the parties

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<v Speaker 1>time for plenary briefing, to hold oral argument, to write

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<v Speaker 1>you know, the more conventional, lengthy opinions, and you know, frankly,

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<v Speaker 1>I mean, one of the things about this term that's

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<v Speaker 1>really interesting is that I think the Court has started

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<v Speaker 1>to react to some of the criticisms of the shadow dockets.

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<v Speaker 1>You know, two of the most significant shadow docket rulings

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<v Speaker 1>all term where the OSHA and CMS vaccine mandate cases.

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<v Speaker 1>And in those cases, even though those were emergency applications,

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<v Speaker 1>the Court actually held oral argus and the first time

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<v Speaker 1>the full Court has heard oral argument on an application

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<v Speaker 1>since the nineties. That you know, we've seen the Court

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<v Speaker 1>move a couple of cases from the shadow doctor to

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<v Speaker 1>the merriage docket. That dispute in Texas over whether a

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<v Speaker 1>death row inmates could have a religious official in the

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<v Speaker 1>execution chamber with him who could touch him and pray

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<v Speaker 1>over him. You know, while the execution protocol was being administered,

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<v Speaker 1>that started on the shadow docket. The court kicked it

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<v Speaker 1>to the merrit's docket. So two nights. I don't think

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<v Speaker 1>we can sort of stay as an abstract matter. Issue

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<v Speaker 1>X shouldn't be on the shadow docket. I think the

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<v Speaker 1>real of problems is that the court is treated as

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<v Speaker 1>emergencies saving pretrist aren't. I mean, there was a really

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<v Speaker 1>significant April shadow docket ruling in a case about the

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<v Speaker 1>Clean Water Act, where by a five to four votes,

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<v Speaker 1>the Conservative justices other than Chief Justice Roberts stayed a

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<v Speaker 1>district court order stayed an injunction that a district court

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<v Speaker 1>in California had issued against a Trump era rule, even

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<v Speaker 1>though the district court had ruled five months earlier, and

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<v Speaker 1>even though the parties that were asking sport for a

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<v Speaker 1>day hadn't shown any harm that had resulted by dint

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<v Speaker 1>of that district court, and so, as Justice Cadian pointed

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<v Speaker 1>out in her dissent in that case, a case called

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<v Speaker 1>Louisiana versus American rivers. If the court's going to use

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<v Speaker 1>the shadow docket in cases that just aren't emergencies like

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<v Speaker 1>that case, then the shadow doctors not for emergencies at all.

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<v Speaker 1>And all that's really happening is that these are simply

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<v Speaker 1>disguised and even more simply reasons merit's decisions. And that's

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<v Speaker 1>I think why there are folks like me who have

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<v Speaker 1>become so much more publicly critical of what the court

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<v Speaker 1>is doing in this context. Yeah, that cut my eye.

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<v Speaker 1>Undoing an e p A rule on water quality standards,

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<v Speaker 1>how did they even justify or they don't have to justify,

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<v Speaker 1>guess taking that on an emergency basis, it seems outlandish.

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<v Speaker 1>And this is exactly where we are. I mean, I

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<v Speaker 1>think in that case of such a crystallization, where hard

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<v Speaker 1>to see what the emergency was, given that there has

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<v Speaker 1>been five months the district Court had ruled. Even if

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<v Speaker 1>right the court was sympathetic to Louisian his claims on

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<v Speaker 1>the merits, the district Court had misread the clean water

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<v Speaker 1>after and misapplied relevant precedents about administrative law. You know,

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<v Speaker 1>why not just put that on the marriage docket and

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<v Speaker 1>deal with it in due court. And what's so I

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<v Speaker 1>think strike came about that decision June is you know,

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<v Speaker 1>you ask, you know, why did they do it right? Well,

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<v Speaker 1>we don't know because there was no majority opinion, there

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<v Speaker 1>was no concurrent opinion. We know it was five or

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<v Speaker 1>only because four justices publicly joined in the dissent, and

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<v Speaker 1>not just the three democratical points. These chief us to

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<v Speaker 1>John Roberts, joined Justice Kiggin's The Scent, an opinion which

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<v Speaker 1>called out the majority for in Justice Kiggan's words abusing

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<v Speaker 1>the shadow docket. So I think what we're seeing is

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<v Speaker 1>more and more public awareness of a trend that really

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<v Speaker 1>started in and the Clean Water Ract case is especially

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<v Speaker 1>I think Goland because the decision came just two days

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<v Speaker 1>after Justice Barrett gave this speech at the Ronald Reagan's

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<v Speaker 1>Presidential Library where she says, you know, if you really

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<v Speaker 1>think we're politicians in robes and not judges, read our opinion.

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<v Speaker 1>Read the opinion and see for yourself if there are

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<v Speaker 1>legal principles driving our decision making. Well, two days later,

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<v Speaker 1>she is the decisive vote in the Clean Water Ract case,

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<v Speaker 1>in which there was no opinion to read and in

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<v Speaker 1>some of these cases, you have lower courts having trials

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<v Speaker 1>on these issues, and then the Supreme Court comes along

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<v Speaker 1>and says, no, we're reversing that, without oral argument, without

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<v Speaker 1>any explanation. It's I don't know what else to say

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<v Speaker 1>that it's sort of jaw dropping. The key is that

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<v Speaker 1>I think there are a lot of folks out there

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<v Speaker 1>who think that all that matters is the bottom line.

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<v Speaker 1>And so if I say that the bottom line is okay,

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<v Speaker 1>then I don't care about how the court cut there,

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<v Speaker 1>but the process matters here. There's a more recent Louisiana

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<v Speaker 1>case about redistrict in that I think is really instructive here.

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<v Speaker 1>So Louisiana, you know, like a number of states, is

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<v Speaker 1>redrawing its congressional districts after and in life of a

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<v Speaker 1>district court, after an extensive hearing, writes this one hundred

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<v Speaker 1>and fifty two page decision that carefully sets out why

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<v Speaker 1>he believed Louisiana's maps violated the voting rights. That why

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<v Speaker 1>he believed Louisiana was required to draw at least one

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<v Speaker 1>more so called majority minority district to avoid violating steps

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<v Speaker 1>in two of the voting right back. And it is

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<v Speaker 1>a full bore full sorted analysis. Louisiana asked the Fifth Circuit,

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<v Speaker 1>the most conservative pelic court in the country, to stay

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<v Speaker 1>that district court decisions so we can use those maps

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<v Speaker 1>in the two elections. And the Fifth Circuit refuses to

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<v Speaker 1>issue a stay and writes thirty three pages of its

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<v Speaker 1>own about why, in its view, the district Court decision

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<v Speaker 1>was at the very least not set it to a

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<v Speaker 1>stay and maybe even correct. And then Louisiana goes to

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<v Speaker 1>the Supreme Court and says, hey, Supreme Court, will you

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<v Speaker 1>stay the district court decision? And the Supreme Court stays

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<v Speaker 1>the distric Court decision with narrow a sentence of explanation.

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<v Speaker 1>And so you have district courts, you know, doing their job,

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<v Speaker 1>working really really hard, writing really really thorough opinions. You

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<v Speaker 1>have the appeals courts doing their job writing thorough opinions.

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<v Speaker 1>And there's the Supreme Court, which in one sentence just says, nahum,

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<v Speaker 1>you know, I don't see how that is a legal

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<v Speaker 1>system that is going to increase public confidence in the

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<v Speaker 1>Supreme Court as an institution versus the notion that was

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<v Speaker 1>a sort of the synecolon non of the Supreme courts

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<v Speaker 1>legitimacy is its ability to explain itself. Did Justice Kavanaugh

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<v Speaker 1>try to make a distinction between, you know, how fast

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<v Speaker 1>the election was coming up? In one of those cases,

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<v Speaker 1>there's an Alabama case from earlier this term where Justice

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<v Speaker 1>Kavanaugh wrote a concurrence in the unsigned on its lay

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<v Speaker 1>in Supreme Court order staying a similar ruling in Alabama.

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<v Speaker 1>I mean, you had so the Albama cases in some

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<v Speaker 1>respects even more egregious, where you know, Alabama, a bunch

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<v Speaker 1>of Alabama voters the day after Governor Ivy signs the

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<v Speaker 1>congressional maps into law, they filed suit, like they filed

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<v Speaker 1>to literally as soon as they could. The case goes

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<v Speaker 1>to a three judge district court, which is comprised, I

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<v Speaker 1>think entirely of Trump appointees. The district court says these

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<v Speaker 1>maps violate the voting right that and you know, it's

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<v Speaker 1>just a lengthy opinions that you know, you've got to

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<v Speaker 1>draw him again. And the Supreme Court stays that order.

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<v Speaker 1>But what's crazy, as Kavanaugh's concurrence relies on this thing

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<v Speaker 1>called the personel principle and the for self principle is this,

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<v Speaker 1>you know, based on the two thousand and six shadow

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<v Speaker 1>docket ruling UM that federal court should not change the

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<v Speaker 1>rules for elections as the elections approach. Well, in the

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<v Speaker 1>Alabi on the case, the elections were nine months away, um,

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<v Speaker 1>And even the primaries, which could have been moved if

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<v Speaker 1>they had to be, were four months away. And so

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<v Speaker 1>you know, yeah, Justice Kavanaugh, I think I remember, joined

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<v Speaker 1>by Justice Alito. You know, it writes the short concurrence

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<v Speaker 1>trying to justify at least why the two of them

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<v Speaker 1>voted for a day. But if anything like they're concurring,

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<v Speaker 1>opinion raises more questions than it answers, because you know,

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<v Speaker 1>if Purcell applies that far in a dance of an election,

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<v Speaker 1>then how can you ever have an injunction in a

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<v Speaker 1>dance of an election that's going to be effect is

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<v Speaker 1>And you know, I think that part of the problem

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<v Speaker 1>here is that when you have either no explanation as

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<v Speaker 1>in Louisiana case, or explanations that just don't hold up

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<v Speaker 1>to scrutiny, as in the Kavanaugh concurrence in the Alabama case,

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<v Speaker 1>you know, June, for those who want to see partisanship

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<v Speaker 1>and rank politics, there's nothing to disabuse them of that conclusion.

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<v Speaker 1>There's no analysis to point in other direction. No one

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<v Speaker 1>can say, well, you know, that's just because you disagree

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<v Speaker 1>with how the Court is explaining itself. Well, if the

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<v Speaker 1>courts not explaining itself, what is there to disagree? Looking

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<v Speaker 1>at the numbers and the partisan splits the courts. Liberal

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<v Speaker 1>justices Stephen Bryer, Sonya Soto Mayor, and Atlanta Kagan dissented

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<v Speaker 1>the most in emergency orders that were granted, but conservative

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<v Speaker 1>justices Clarence Thomas, Samuel Alito, and Neil Gorsich did so

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<v Speaker 1>the most when the Court refused to act on appeal.

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<v Speaker 1>So what does that tell you? One of the many

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<v Speaker 1>interesting things about the shadow doctors, I think there's in

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<v Speaker 1>some respects more interesting data about the justices voting patterns

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<v Speaker 1>than there is on the merits docket. So there was

0:12:33.960 --> 0:12:36.840
<v Speaker 1>this remarkable moment last October. There was a case out

0:12:36.840 --> 0:12:40.200
<v Speaker 1>of made called Does versus Mills. It was a challenge

0:12:40.240 --> 0:12:43.240
<v Speaker 1>by US, the main healthcare workers, to the state's mandate

0:12:43.320 --> 0:12:46.160
<v Speaker 1>that healthcare represent the states be vaccinated. And there was

0:12:46.240 --> 0:12:50.120
<v Speaker 1>like a one paragraph concurring opinion by Justice Barrett, joined

0:12:50.120 --> 0:12:53.559
<v Speaker 1>by Justice Kavanaugh that basically said, just because we're sympathetic

0:12:53.679 --> 0:12:56.040
<v Speaker 1>to your claims on the merits. Doesn't mean we're automatically

0:12:56.080 --> 0:12:58.319
<v Speaker 1>going to vote to grant emergency relief. You know, we're

0:12:58.320 --> 0:13:01.160
<v Speaker 1>going to exercise some modicum of this suppression and deciding

0:13:01.240 --> 0:13:04.319
<v Speaker 1>when emergency release isn't as imporanted. Basically, Barrett and Kavanaugh

0:13:04.400 --> 0:13:06.880
<v Speaker 1>laying down a marker that they were going to not

0:13:07.080 --> 0:13:09.440
<v Speaker 1>vote to grant emergency release as often as they had

0:13:09.480 --> 0:13:11.720
<v Speaker 1>today as recently as the previous term and June we've

0:13:11.760 --> 0:13:13.560
<v Speaker 1>seen that play out. I mean, we've seen a number

0:13:13.600 --> 0:13:17.320
<v Speaker 1>of cases since October where the only public dissenters from

0:13:17.320 --> 0:13:20.600
<v Speaker 1>a denial of relief were Thomas A Leader and Gorsage,

0:13:20.640 --> 0:13:23.040
<v Speaker 1>And so the assumption is that Barrett and Kavanaugh did

0:13:23.080 --> 0:13:26.040
<v Speaker 1>not join them. Some of these have been vaccine mandate cases,

0:13:26.320 --> 0:13:28.640
<v Speaker 1>you know, the Navy Seals cases a good example of that.

0:13:28.960 --> 0:13:31.440
<v Speaker 1>Some of them have been cases about like for example,

0:13:31.480 --> 0:13:34.360
<v Speaker 1>Texas is social media law, and in that respect, again,

0:13:34.400 --> 0:13:36.720
<v Speaker 1>I think one of the stories of the October one

0:13:36.840 --> 0:13:38.560
<v Speaker 1>term is that the Court has at least to some

0:13:38.760 --> 0:13:42.880
<v Speaker 1>de moderated its shadow doctor behavior. But I actually think

0:13:42.960 --> 0:13:45.840
<v Speaker 1>in some respects even the moderated version of it is

0:13:46.040 --> 0:13:48.880
<v Speaker 1>just as problematic as you know, what we saw, for example,

0:13:48.960 --> 0:13:51.360
<v Speaker 1>during the October term, and the fact that Thomas the

0:13:51.440 --> 0:13:54.320
<v Speaker 1>Leader and Gorges would go further and would grant emergency

0:13:54.320 --> 0:13:56.880
<v Speaker 1>release even more often. I think, because you know, a

0:13:56.960 --> 0:13:59.200
<v Speaker 1>sign of how close we are to this being even

0:13:59.240 --> 0:14:01.440
<v Speaker 1>more of a problem already is so, then do the

0:14:01.480 --> 0:14:05.320
<v Speaker 1>lineups on the shadow docket differ from the lineups in

0:14:05.679 --> 0:14:09.000
<v Speaker 1>merits cases. There's a tendency when folks think about the

0:14:09.000 --> 0:14:10.920
<v Speaker 1>court to think about the stick three chord or the

0:14:11.040 --> 0:14:14.320
<v Speaker 1>three three three court, and I think that's not quite

0:14:14.520 --> 0:14:16.240
<v Speaker 1>fair on the shadow doctor. I mean, one of the

0:14:16.280 --> 0:14:19.520
<v Speaker 1>things that we saw again this term was Chief Justice

0:14:19.600 --> 0:14:22.560
<v Speaker 1>Roberts joining with the Liberals a number of times in

0:14:22.680 --> 0:14:25.480
<v Speaker 1>dissenting from shadow doctet orders. And so I think the

0:14:25.480 --> 0:14:28.400
<v Speaker 1>shadow docket, as much as anywhere else, is basically as

0:14:28.520 --> 0:14:31.200
<v Speaker 1>goes Kavanaugh and Barrett, so goes the Court. And you know,

0:14:31.200 --> 0:14:33.240
<v Speaker 1>one of the things the striking numbers of the whole

0:14:33.360 --> 0:14:37.400
<v Speaker 1>term is every justice dissented at least once June in

0:14:37.440 --> 0:14:41.000
<v Speaker 1>a merit's case. I think the fewest was three by

0:14:41.040 --> 0:14:43.640
<v Speaker 1>Kavanaugh in the Chief. But on the shadow docket there

0:14:43.760 --> 0:14:47.360
<v Speaker 1>wasn't a single shadow docket order all term from which

0:14:47.400 --> 0:14:50.400
<v Speaker 1>Justice Kavanaugh publicly dissented, and I think that's a sign

0:14:50.640 --> 0:14:53.520
<v Speaker 1>of the times. I think that's a sign of who's

0:14:53.560 --> 0:14:56.600
<v Speaker 1>basically the critical vote in shadow doctet context. And I

0:14:56.640 --> 0:14:59.760
<v Speaker 1>think it's all the more reason to be wary about

0:14:59.760 --> 0:15:02.600
<v Speaker 1>a fourth that's not explaining itself, given that. You know,

0:15:02.640 --> 0:15:05.600
<v Speaker 1>when Justice Kavanaught is right in on the shadow docket,

0:15:06.000 --> 0:15:09.480
<v Speaker 1>as in the Alabama redistrictive case, his opinions are often,

0:15:10.320 --> 0:15:14.680
<v Speaker 1>shall we say, not exactly satisfied in providing a coherent,

0:15:14.960 --> 0:15:18.840
<v Speaker 1>sort of defensible forward looking that explanation, Thanks so much, Steve.

0:15:19.120 --> 0:15:22.840
<v Speaker 1>That's Professor Stephen Vladdock of the University of Texas Law School.

0:15:24.400 --> 0:15:28.200
<v Speaker 1>Remember back in May when Elon Musk tried some legally

0:15:28.600 --> 0:15:32.240
<v Speaker 1>to describe his claim that Twitter breach there forty four

0:15:32.280 --> 0:15:35.920
<v Speaker 1>billion dollar buyout deal. You know, it's a material abvers

0:15:36.080 --> 0:15:39.400
<v Speaker 1>uh misstatement. You know, if if if they in fact

0:15:40.400 --> 0:15:44.320
<v Speaker 1>have been um for surferously claiming less than five of

0:15:44.600 --> 0:15:46.960
<v Speaker 1>VEGERSPAM accounts, but in fact it is four or five

0:15:47.000 --> 0:15:50.240
<v Speaker 1>times that number, or perhaps ten times that number. This

0:15:50.320 --> 0:15:52.960
<v Speaker 1>is a big deal. It is a big deal. But

0:15:53.040 --> 0:15:56.360
<v Speaker 1>the Delaware Chance to Record is treating it just like

0:15:56.560 --> 0:15:59.840
<v Speaker 1>any other big deal. It handles, and the indication is

0:15:59.840 --> 0:16:03.000
<v Speaker 1>that the judge doesn't think that counting bots is the

0:16:03.040 --> 0:16:06.240
<v Speaker 1>main issue. Joining me is Eric Tallely, a professor at

0:16:06.280 --> 0:16:10.480
<v Speaker 1>Columbia Law School. So Eric Musk lost the first round

0:16:10.520 --> 0:16:14.080
<v Speaker 1>in court, the Chief Judge, Kathleen McCormick put the case

0:16:14.120 --> 0:16:18.200
<v Speaker 1>on the fast track, with trial scheduled for October. What

0:16:18.240 --> 0:16:20.920
<v Speaker 1>do you think is the real reason Musk wanted to

0:16:21.000 --> 0:16:25.880
<v Speaker 1>delay until February or was it delayed just for delays sake? Yeah,

0:16:25.960 --> 0:16:28.760
<v Speaker 1>I think there was definitely a part of the strategy

0:16:28.920 --> 0:16:33.040
<v Speaker 1>that really just wanted to create additional uncertainty. I think

0:16:33.320 --> 0:16:35.720
<v Speaker 1>a lot of people who have tried to size up

0:16:35.800 --> 0:16:39.200
<v Speaker 1>this case suggest that Mr Musk is sort of fighting

0:16:39.200 --> 0:16:42.360
<v Speaker 1>an uphill battle right now. I think the idea, you know,

0:16:42.640 --> 0:16:46.880
<v Speaker 1>was probably first and foremost just to elongate the clock

0:16:47.000 --> 0:16:50.000
<v Speaker 1>so that, you know, possibly more information could come out,

0:16:50.080 --> 0:16:53.800
<v Speaker 1>so that there would be greater possibilities to mine into

0:16:53.840 --> 0:16:58.120
<v Speaker 1>the spam account and body count data and possibly you know,

0:16:58.440 --> 0:17:01.280
<v Speaker 1>pull a rabbit out of the hat where a rabbit

0:17:01.360 --> 0:17:04.320
<v Speaker 1>really hasn't been there. Thus part now there's a second

0:17:04.359 --> 0:17:08.359
<v Speaker 1>possible reason to try to elongate the proceedings, which is

0:17:08.440 --> 0:17:14.359
<v Speaker 1>that Mr Musk's own financing, by its very terms, expires

0:17:14.600 --> 0:17:18.000
<v Speaker 1>in the spring of two thousand twenty three, and if

0:17:18.040 --> 0:17:22.640
<v Speaker 1>the financing expires of its own terms, that could potentially

0:17:22.840 --> 0:17:26.400
<v Speaker 1>change a lot of the potential remedies that are available.

0:17:26.480 --> 0:17:29.320
<v Speaker 1>It could make it harder, for example, to have a

0:17:29.359 --> 0:17:34.040
<v Speaker 1>specific performance decree when there's no longer any financing in

0:17:34.040 --> 0:17:39.119
<v Speaker 1>the picture. Briefly, what were each side's argument for Twitter

0:17:39.200 --> 0:17:41.960
<v Speaker 1>for why it wanted an expedited trial and must for

0:17:42.040 --> 0:17:45.160
<v Speaker 1>why he wanted to know until February. Yeah, I think

0:17:45.160 --> 0:17:49.520
<v Speaker 1>that that the Twitter account was was relatively unsurprising in

0:17:49.640 --> 0:17:54.480
<v Speaker 1>terms of of of where uh Twitter's lawyer Bill Sabbatt

0:17:54.600 --> 0:17:58.639
<v Speaker 1>was going to. The expediting of a trial in a

0:17:58.800 --> 0:18:03.960
<v Speaker 1>large commercial litigation cases actually pretty frequent in Delaware, particularly

0:18:04.000 --> 0:18:07.320
<v Speaker 1>when it comes to UH, to these so called busted

0:18:07.400 --> 0:18:11.400
<v Speaker 1>deal cases. You basically have to say, look, we've got, um,

0:18:11.800 --> 0:18:14.280
<v Speaker 1>what's known as a colorable claim, which is a pretty

0:18:14.320 --> 0:18:18.000
<v Speaker 1>low standard, because we've we've alleged some things that um,

0:18:18.080 --> 0:18:19.800
<v Speaker 1>you know, if we improve them, they're gonna they're gonna

0:18:19.840 --> 0:18:25.000
<v Speaker 1>hold water. Uh. And the second is that that they

0:18:25.040 --> 0:18:30.440
<v Speaker 1>are ongoing uh suffering some type of an irreparable harm

0:18:30.520 --> 0:18:34.000
<v Speaker 1>if they don't get resolution of the case. And uh,

0:18:34.040 --> 0:18:37.560
<v Speaker 1>you know, in in many respects, both of those things were, uh,

0:18:37.720 --> 0:18:40.640
<v Speaker 1>we're already out there kind of in the public domain.

0:18:41.119 --> 0:18:46.840
<v Speaker 1>The colorable claim was relatively straightforward. And Uh, and the

0:18:47.440 --> 0:18:49.680
<v Speaker 1>fact that you know, Twitter was kind of in this

0:18:49.840 --> 0:18:52.280
<v Speaker 1>state of limbo for a long period of time and

0:18:52.320 --> 0:18:54.600
<v Speaker 1>continues to be in the state of limbos. We don't

0:18:54.600 --> 0:18:59.040
<v Speaker 1>know exactly what's happening with this deal means that employees

0:18:59.160 --> 0:19:02.639
<v Speaker 1>may be leaving, that commercial clients may be leaving, that

0:19:02.720 --> 0:19:06.320
<v Speaker 1>the user base may be growing uncertain about what uh

0:19:06.480 --> 0:19:09.600
<v Speaker 1>to expect in terms of Twitter, and and and those

0:19:09.600 --> 0:19:13.399
<v Speaker 1>are the types of arguments that Twitter's lawyers said, you know,

0:19:13.520 --> 0:19:19.359
<v Speaker 1>really do justify expediting the process. Moreover, they said, you know,

0:19:19.400 --> 0:19:22.080
<v Speaker 1>we we even in the merger agreement said you know,

0:19:22.240 --> 0:19:25.800
<v Speaker 1>we're going to have a termination date in October. And

0:19:25.840 --> 0:19:29.520
<v Speaker 1>that also is a signal that we wanted this resolved quickly.

0:19:30.320 --> 0:19:34.720
<v Speaker 1>Must's attorneys, um, you know, somewhat unsurprisingly, said well, you know,

0:19:35.200 --> 0:19:39.040
<v Speaker 1>we really want to make this case about how do

0:19:39.119 --> 0:19:43.280
<v Speaker 1>you measure bought accounts? Now, Uh, there's a big issue

0:19:43.320 --> 0:19:46.879
<v Speaker 1>about whether that's even going to be a central aspect

0:19:46.880 --> 0:19:51.760
<v Speaker 1>of this case because you know, the contract itself doesn't

0:19:51.760 --> 0:19:55.320
<v Speaker 1>really even talk about bought accounts, but certainly, UH, team

0:19:55.400 --> 0:19:58.040
<v Speaker 1>Must has been trying to inject that into the picture,

0:19:58.440 --> 0:20:01.760
<v Speaker 1>and to the extent they can. UH, Must's attorneys argued,

0:20:02.000 --> 0:20:03.840
<v Speaker 1>you know, it's going to take a long time to

0:20:03.880 --> 0:20:06.200
<v Speaker 1>try to vet all the data, to try to bring

0:20:06.240 --> 0:20:08.920
<v Speaker 1>in experts to try to understand what's going on with

0:20:08.960 --> 0:20:12.520
<v Speaker 1>the data. And so, you know, somewhat unavoidably, I think

0:20:13.040 --> 0:20:16.040
<v Speaker 1>Must's lawyers, you know, kind of had to make the

0:20:16.119 --> 0:20:21.720
<v Speaker 1>issue of you know, measuring bought accounts something that that uh,

0:20:21.800 --> 0:20:24.760
<v Speaker 1>you know, um they could convince the judge was sort

0:20:24.800 --> 0:20:28.960
<v Speaker 1>of a fore ordained challenge in this case. And uh

0:20:29.000 --> 0:20:31.159
<v Speaker 1>and then the second thing that they that they argued

0:20:31.320 --> 0:20:33.840
<v Speaker 1>is that you know, don't take don't read too much

0:20:33.840 --> 0:20:37.800
<v Speaker 1>into this October termination date that we got into, uh,

0:20:37.840 --> 0:20:40.879
<v Speaker 1>into the contract, because if you look into the terms,

0:20:40.920 --> 0:20:44.560
<v Speaker 1>that that date just continues to get moved forward and

0:20:44.640 --> 0:20:48.440
<v Speaker 1>pushed forward if there's litigation around UH this deal, which

0:20:48.440 --> 0:20:52.560
<v Speaker 1>there now is. So really the the real deadline is

0:20:52.600 --> 0:20:55.240
<v Speaker 1>the deadline for the financing in the spring of two

0:20:55.320 --> 0:20:58.520
<v Speaker 1>thousand twenty three, and and none of those is a

0:20:58.680 --> 0:21:00.800
<v Speaker 1>terrible argument. You know, I I think there is a

0:21:00.840 --> 0:21:05.240
<v Speaker 1>sense in which, you know, the allegations about bought accounts,

0:21:05.680 --> 0:21:08.560
<v Speaker 1>you know, even though they are in many ways peripheral

0:21:08.600 --> 0:21:12.480
<v Speaker 1>to the contract, Musk's attorneys are definitely going to be

0:21:12.520 --> 0:21:14.720
<v Speaker 1>trying to concentrate on that. So there are going to

0:21:14.800 --> 0:21:20.199
<v Speaker 1>be additional arguments about that, and uh and the attorneys

0:21:20.240 --> 0:21:23.160
<v Speaker 1>for for Mr Musk were actually pretty good, I think,

0:21:23.200 --> 0:21:25.879
<v Speaker 1>in in in in you know, taking a little bit

0:21:25.920 --> 0:21:28.439
<v Speaker 1>of the attention off of the idea that you know,

0:21:28.480 --> 0:21:32.200
<v Speaker 1>we had to settle everything by this October termination day,

0:21:32.320 --> 0:21:34.280
<v Speaker 1>just you know, the terms of the contract were a

0:21:34.320 --> 0:21:37.640
<v Speaker 1>little bit more flexible to that. Did the judge give

0:21:37.680 --> 0:21:41.119
<v Speaker 1>Twitter everything they were looking for? She largely gave the

0:21:41.160 --> 0:21:43.760
<v Speaker 1>Twitter attorneys what they were looking for, but not quite.

0:21:43.840 --> 0:21:47.120
<v Speaker 1>She said, Look, the proposed schedule that the Twitter attorneys

0:21:47.119 --> 0:21:50.880
<v Speaker 1>have put forward is somewhat aggressive relative to what we've

0:21:50.920 --> 0:21:55.200
<v Speaker 1>seen in past practice. She sort of surveyed other cases

0:21:55.320 --> 0:21:59.040
<v Speaker 1>that you know, had been filed in similar situations and said,

0:21:59.080 --> 0:22:02.200
<v Speaker 1>look at these other ones. You know, they're big, they're expensive,

0:22:02.359 --> 0:22:05.200
<v Speaker 1>they're complicated, but we still are able to get them

0:22:05.200 --> 0:22:08.120
<v Speaker 1>done between you know, sixty and ninety days and that's

0:22:08.160 --> 0:22:11.320
<v Speaker 1>what I'm going to apply here as well. I don't

0:22:11.359 --> 0:22:14.840
<v Speaker 1>see any reason why we have to use a different

0:22:14.880 --> 0:22:17.840
<v Speaker 1>set of rules than has applied to these other cases.

0:22:18.600 --> 0:22:21.840
<v Speaker 1>We now know how to adapt to COVID. If there's

0:22:21.920 --> 0:22:24.720
<v Speaker 1>a spike and infections and we have to do things

0:22:24.720 --> 0:22:26.679
<v Speaker 1>over zoom, we know how to do that as well.

0:22:26.960 --> 0:22:29.919
<v Speaker 1>So I have great faith chance for McCormick set in

0:22:29.960 --> 0:22:33.840
<v Speaker 1>the attorneys and the experts and my staff to pull

0:22:33.920 --> 0:22:36.160
<v Speaker 1>this off just the way that we pull off any

0:22:36.240 --> 0:22:40.439
<v Speaker 1>other type of busted deal case in the usual course

0:22:40.960 --> 0:22:44.880
<v Speaker 1>of conducting our business. And that was significant, I think

0:22:44.960 --> 0:22:47.080
<v Speaker 1>for a couple of reasons. One is that it does

0:22:47.160 --> 0:22:50.199
<v Speaker 1>sort of suggest that Delaware wants to get back to

0:22:50.720 --> 0:22:54.679
<v Speaker 1>its usual routines, because it's views those as being important

0:22:54.760 --> 0:22:58.399
<v Speaker 1>for everyone who has an interest in Delaware law, in

0:22:58.400 --> 0:23:01.760
<v Speaker 1>in large transactions and and applying Delaware law to it.

0:23:02.080 --> 0:23:04.480
<v Speaker 1>I think the other reason that it was significant is

0:23:04.560 --> 0:23:07.840
<v Speaker 1>that it suggested, you know, in a somewhat a preliminary way,

0:23:07.880 --> 0:23:10.879
<v Speaker 1>but it still suggested that Chancellor McCormick was not going

0:23:10.960 --> 0:23:15.119
<v Speaker 1>to be inclined to treat elon musk and specials or

0:23:15.160 --> 0:23:18.919
<v Speaker 1>exceptional or you know, floating above the rules that pertain

0:23:19.000 --> 0:23:22.440
<v Speaker 1>to everyone else. He's going to get exactly the same

0:23:22.480 --> 0:23:25.520
<v Speaker 1>type of justice that anyone else would so with Twitter,

0:23:25.640 --> 0:23:28.040
<v Speaker 1>and we're gonna, you know, see how this plays out

0:23:28.560 --> 0:23:31.000
<v Speaker 1>over the next couple of months. So in many ways,

0:23:31.520 --> 0:23:34.120
<v Speaker 1>the day was a good one for Twitter, not so

0:23:34.160 --> 0:23:36.240
<v Speaker 1>good for Musk, but it was a very good day,

0:23:36.280 --> 0:23:39.280
<v Speaker 1>I think for the Delaware court system as a whole.

0:23:39.760 --> 0:23:43.439
<v Speaker 1>Did Chancellor McCormick give any hints about how she views

0:23:43.520 --> 0:23:47.520
<v Speaker 1>this deal or what's important in the case. She was

0:23:47.640 --> 0:23:53.080
<v Speaker 1>appropriately pretty guarded about expressing opinions about the underlying merits

0:23:53.080 --> 0:23:56.600
<v Speaker 1>of the case. There are potentially a few things that

0:23:56.720 --> 0:23:59.840
<v Speaker 1>do seem to leak out a little bit. She did

0:24:00.040 --> 0:24:03.240
<v Speaker 1>specifically say that, you know, this looks like it's the

0:24:03.280 --> 0:24:07.159
<v Speaker 1>type of case where specific performance would be appropriate. That

0:24:07.240 --> 0:24:11.159
<v Speaker 1>money damages, you know, wouldn't compensate Twitter for all of

0:24:11.280 --> 0:24:14.680
<v Speaker 1>the pain and harm and lack of closing deal. And so,

0:24:14.960 --> 0:24:16.959
<v Speaker 1>you know, to the extent that there was, there is

0:24:17.080 --> 0:24:20.960
<v Speaker 1>and has been a debate about whether Chancellor McCormick would

0:24:21.000 --> 0:24:26.120
<v Speaker 1>be friendly to Twitter's requested relief of an injunction forcing

0:24:26.160 --> 0:24:28.640
<v Speaker 1>the closing of this deal. I think she did sort

0:24:28.640 --> 0:24:31.040
<v Speaker 1>of tip her hand a little bit to say, yeah,

0:24:31.080 --> 0:24:34.640
<v Speaker 1>that looks like it would be an appropriate remedy in

0:24:34.720 --> 0:24:37.320
<v Speaker 1>this case. And so you know, there was a little

0:24:37.359 --> 0:24:39.479
<v Speaker 1>bit of a a sort of sort of movement at

0:24:39.560 --> 0:24:42.800
<v Speaker 1>least in terms of people's predictions about whether she would

0:24:42.920 --> 0:24:46.240
<v Speaker 1>embrace that or not. I think the second thing that

0:24:46.320 --> 0:24:49.640
<v Speaker 1>it is much more implicit that comes out is that

0:24:49.760 --> 0:24:52.720
<v Speaker 1>now that she has put these parties on you know,

0:24:52.880 --> 0:24:55.600
<v Speaker 1>a leash that's only a couple of months long, to

0:24:55.720 --> 0:24:58.439
<v Speaker 1>do all of their expert discovery, to do all of

0:24:58.480 --> 0:25:01.800
<v Speaker 1>their depositions of fact witnesses, to do all of their

0:25:01.880 --> 0:25:05.360
<v Speaker 1>document review, and all of their data review, it suggests

0:25:05.400 --> 0:25:08.359
<v Speaker 1>that the bot counting exercise is going to have to

0:25:08.440 --> 0:25:12.400
<v Speaker 1>be somewhat more limited than what team must wanted. You're

0:25:12.400 --> 0:25:14.600
<v Speaker 1>not going to be able to, you know, pull out

0:25:14.680 --> 0:25:18.159
<v Speaker 1>just mountains and mountains and mountains of data and be

0:25:18.440 --> 0:25:23.040
<v Speaker 1>able to go over it and reach definitive conclusions about

0:25:23.119 --> 0:25:25.800
<v Speaker 1>it in a couple of months time. These things you

0:25:26.119 --> 0:25:30.040
<v Speaker 1>do take time for a full blown review of the data.

0:25:30.160 --> 0:25:33.159
<v Speaker 1>So it is at least a little bit suggestive that

0:25:33.320 --> 0:25:37.760
<v Speaker 1>Chancellor McCormick is probably going to cabin the fishing expeditions

0:25:37.760 --> 0:25:41.240
<v Speaker 1>for bots a little bit and quite possibly concentrate a

0:25:41.240 --> 0:25:45.000
<v Speaker 1>little bit more on exactly what was Twitter putting in

0:25:45.040 --> 0:25:49.679
<v Speaker 1>their securities disclosures. They weren't writing about specific numbers of bots.

0:25:49.760 --> 0:25:52.520
<v Speaker 1>They had a rough estimate, but but much of it

0:25:52.560 --> 0:25:56.000
<v Speaker 1>was just sort of describing how they went about auditing

0:25:56.040 --> 0:25:59.520
<v Speaker 1>their own system and that's the thing that is most

0:25:59.560 --> 0:26:03.639
<v Speaker 1>testam in terms of whether those disclosures had fraudulent statements,

0:26:03.640 --> 0:26:06.600
<v Speaker 1>And then did they actually audit their bot systems? Did

0:26:06.680 --> 0:26:10.040
<v Speaker 1>the process that they have cohere with how they described

0:26:10.040 --> 0:26:13.880
<v Speaker 1>it in their violing Twitter said that Musk willfully breached

0:26:13.920 --> 0:26:16.920
<v Speaker 1>his obligation to make his best efforts to close the deal.

0:26:17.680 --> 0:26:21.160
<v Speaker 1>Is that the standard is it best efforts? Well, they

0:26:21.320 --> 0:26:26.320
<v Speaker 1>they put a standard into the contract itself, which which

0:26:26.800 --> 0:26:31.280
<v Speaker 1>puts a duty of best efforts on Mr Musk. There

0:26:31.400 --> 0:26:34.600
<v Speaker 1>is a parlor game in Delaware law, and there has

0:26:34.640 --> 0:26:39.359
<v Speaker 1>been for many years about how courts should interpret various

0:26:39.480 --> 0:26:42.320
<v Speaker 1>terms that use the word efforts. And there's a whole

0:26:42.560 --> 0:26:47.120
<v Speaker 1>different set of lists of them best efforts, reasonable efforts,

0:26:47.320 --> 0:26:51.400
<v Speaker 1>commercially reasonable efforts, commercially reasonable best efforts. The list goes

0:26:51.440 --> 0:26:54.400
<v Speaker 1>on and on, and in some recent cases, the Delaware

0:26:54.440 --> 0:26:58.400
<v Speaker 1>courts you know, haven't been willing to pick knits between

0:26:58.400 --> 0:27:02.400
<v Speaker 1>those various types of of provisions. They basically said, look,

0:27:02.400 --> 0:27:06.199
<v Speaker 1>you've got to demonstrate that you have tried and if

0:27:06.240 --> 0:27:08.840
<v Speaker 1>there's evidence that you were either not trying or trying

0:27:08.880 --> 0:27:12.520
<v Speaker 1>to sabotage the deal, that's going to violate your efforts

0:27:12.640 --> 0:27:16.359
<v Speaker 1>obligation and and and and Twitter here, I think is

0:27:16.400 --> 0:27:19.159
<v Speaker 1>on relatively solid cliff ground at least given the facts

0:27:19.160 --> 0:27:21.919
<v Speaker 1>that are out there publicly that that that you know,

0:27:22.000 --> 0:27:25.280
<v Speaker 1>that that that must not only was you know, very

0:27:25.400 --> 0:27:28.840
<v Speaker 1>quickly trying to backtrack on the deal, but was even

0:27:28.960 --> 0:27:31.920
<v Speaker 1>sort of engaged in uh you know, trying to get

0:27:32.040 --> 0:27:35.160
<v Speaker 1>you know, the saf you to investigate Twitter and uh

0:27:35.200 --> 0:27:40.199
<v Speaker 1>and was you know disparaging various uh, various employees and

0:27:40.240 --> 0:27:43.920
<v Speaker 1>managerial actors within within Twitter. A lot of those are

0:27:43.920 --> 0:27:47.439
<v Speaker 1>public um events that are are going to be you know,

0:27:47.880 --> 0:27:51.439
<v Speaker 1>going to make for pretty good uh you know, documents

0:27:51.480 --> 0:27:55.040
<v Speaker 1>and demonstratives in a in a judicial proceeding. Uh. And

0:27:55.080 --> 0:27:58.119
<v Speaker 1>so so you know, the the key thing that that

0:27:58.119 --> 0:28:02.080
<v Speaker 1>that Twitter needs to demonstrate is that, uh, that it

0:28:02.160 --> 0:28:05.880
<v Speaker 1>was Musk who breached this contract, uh, not just by

0:28:05.920 --> 0:28:08.359
<v Speaker 1>pulling the plug, by claiming he was going to terminate it,

0:28:08.720 --> 0:28:11.000
<v Speaker 1>but by doing a bunch of this stuff. You know,

0:28:11.040 --> 0:28:14.800
<v Speaker 1>all through this process, Musk's team is going to try

0:28:14.840 --> 0:28:18.159
<v Speaker 1>to demonstrate that that no, it was Twitter that breached

0:28:18.160 --> 0:28:21.960
<v Speaker 1>the contract because Twitter wasn't giving him all the information

0:28:22.320 --> 0:28:26.400
<v Speaker 1>that he kept requesting and requesting and requesting. Uh. And

0:28:26.440 --> 0:28:29.000
<v Speaker 1>you know, Twitter argues that, you know, we were complying

0:28:29.040 --> 0:28:32.320
<v Speaker 1>with our obligations, that our obligations gave us some judgment

0:28:32.440 --> 0:28:35.800
<v Speaker 1>about you know how granular we were going to have

0:28:35.960 --> 0:28:39.520
<v Speaker 1>to be in providing him with information. And so what

0:28:39.640 --> 0:28:43.560
<v Speaker 1>does this expedited schedule mean for the legal teams here?

0:28:44.080 --> 0:28:46.440
<v Speaker 1>For both sides, this is now kind of an all

0:28:46.760 --> 0:28:50.960
<v Speaker 1>hands on deck moment. So I would not be surprising

0:28:51.120 --> 0:28:54.240
<v Speaker 1>to see delivery trucks with Diet Coke and Red Bulls

0:28:54.280 --> 0:28:56.920
<v Speaker 1>backing up to the law firms that are having to

0:28:56.960 --> 0:29:00.440
<v Speaker 1>push forward with all kinds of depositions, document to review,

0:29:00.600 --> 0:29:04.600
<v Speaker 1>expert reports, and so forth. But this is not unusual

0:29:04.880 --> 0:29:08.400
<v Speaker 1>in Delaware, even for large high profile cases. There are

0:29:08.400 --> 0:29:11.240
<v Speaker 1>a lot of these large, high profile cases that end

0:29:11.320 --> 0:29:15.440
<v Speaker 1>up taking this fast track to final adjudication. In fact,

0:29:15.600 --> 0:29:20.040
<v Speaker 1>that's part of what Delaware advertises itself as providing for

0:29:20.440 --> 0:29:25.000
<v Speaker 1>big transactions in which you know, delay um might mean

0:29:25.120 --> 0:29:28.959
<v Speaker 1>death for the transaction or or uncertainty is you know,

0:29:29.000 --> 0:29:30.880
<v Speaker 1>one of the worst things that you can have, and

0:29:31.000 --> 0:29:34.360
<v Speaker 1>for longing that uncertainty is even worse. So there's a

0:29:34.400 --> 0:29:37.800
<v Speaker 1>sense in which, yeah, there's a big transaction, but it's

0:29:37.840 --> 0:29:42.200
<v Speaker 1>not an overly complicated transaction. Um. In fact, you know,

0:29:42.480 --> 0:29:45.280
<v Speaker 1>a lot of the aspects of this transaction, uh, you

0:29:45.280 --> 0:29:49.320
<v Speaker 1>know pretty much didn't leave very much to chance. And

0:29:49.400 --> 0:29:52.040
<v Speaker 1>so yeah, that both sides are going to be spending

0:29:52.080 --> 0:29:53.560
<v Speaker 1>a lot of effort to try to make out the

0:29:53.560 --> 0:29:57.080
<v Speaker 1>best case that they can. But this case to the

0:29:57.440 --> 0:29:59.680
<v Speaker 1>facts of this case, but the way that this contract

0:29:59.720 --> 0:30:03.760
<v Speaker 1>were uh, doesn't suggest that it's going to be you know,

0:30:03.960 --> 0:30:07.240
<v Speaker 1>rocket science to be able to pull this off. It's

0:30:07.280 --> 0:30:09.480
<v Speaker 1>definitely the case that the party is gonna be working very,

0:30:09.600 --> 0:30:13.080
<v Speaker 1>very hard. But these lawyers have gotten to the finish

0:30:13.160 --> 0:30:16.840
<v Speaker 1>line countless times before is cases that had similar sets

0:30:16.880 --> 0:30:21.400
<v Speaker 1>of facts, though not necessarily the huge size and big

0:30:21.400 --> 0:30:25.400
<v Speaker 1>personalities that are involved here. Finally, you've been thinking that

0:30:25.440 --> 0:30:27.920
<v Speaker 1>Twitter had the advantage here. Do you still think Twitter

0:30:28.000 --> 0:30:31.040
<v Speaker 1>has the advantage? Yeah, I think that you know, Twitter

0:30:31.800 --> 0:30:35.120
<v Speaker 1>seems to have been um in the driver's seat, even

0:30:35.160 --> 0:30:37.680
<v Speaker 1>going into this proceeding the fact that they got pretty

0:30:37.760 --> 0:30:41.240
<v Speaker 1>much what they wanted in terms of a shorter timeline.

0:30:42.000 --> 0:30:46.440
<v Speaker 1>Playing the delay game, uh was was going to feed

0:30:46.480 --> 0:30:50.240
<v Speaker 1>into the Musk team's uh sort of best case, and

0:30:50.360 --> 0:30:53.360
<v Speaker 1>they they didn't get that. So, if anything, the decision

0:30:53.520 --> 0:31:00.280
<v Speaker 1>by Chancellor McCormick, uh, you know, strengthened Twitter's position in

0:31:00.360 --> 0:31:03.320
<v Speaker 1>this deal. Uh. And you know, we're gonna learn more

0:31:03.320 --> 0:31:06.040
<v Speaker 1>and the parties themselves are gonna learn more, um as

0:31:06.080 --> 0:31:10.719
<v Speaker 1>they go into this very very fast pace of discovery,

0:31:10.760 --> 0:31:13.320
<v Speaker 1>and it may be that their own views about the

0:31:13.360 --> 0:31:16.360
<v Speaker 1>case start to converge with one another and we may

0:31:16.440 --> 0:31:20.920
<v Speaker 1>see a settlement here. You know. The personalities are big enough, however,

0:31:21.120 --> 0:31:23.920
<v Speaker 1>that you know that this case could end up going

0:31:24.480 --> 0:31:28.240
<v Speaker 1>all the way to litigation, which would uh you know,

0:31:28.120 --> 0:31:31.080
<v Speaker 1>you know, happen in the last half of October. But

0:31:31.120 --> 0:31:34.280
<v Speaker 1>that also is going to be a fairly quick trial

0:31:34.480 --> 0:31:37.520
<v Speaker 1>five days um that are being calendared right now in

0:31:37.560 --> 0:31:39.360
<v Speaker 1>the last couple of weeks of October. It looks like

0:31:39.840 --> 0:31:43.040
<v Speaker 1>thanks so much, Eric, that's Professor Eric Talley of Columbia

0:31:43.120 --> 0:31:45.240
<v Speaker 1>Law School. And that's it for this edition of the

0:31:45.280 --> 0:31:48.240
<v Speaker 1>Bloomberg Law Show. Remember you can always get the latest

0:31:48.320 --> 0:31:51.440
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0:31:51.440 --> 0:31:56.040
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0:31:59.920 --> 0:32:02.680
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