WEBVTT - Weekend Law: Trans Rights, Read Acquittal & Shaq Settles Suit 

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<v Speaker 1>This is Bloomberg Law with June Grossel from Bloomberg Radio.

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<v Speaker 2>In a landmark decision, the Supreme Court divided down ideological

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<v Speaker 2>lines upheld Tennessee's ban on gender affirming care for transgender miners,

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<v Speaker 2>a stunning setback to transgender rights. Chief Justice John Roberts

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<v Speaker 2>wrote the majority opinion for the six Conservatives, finding the

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<v Speaker 2>law doesn't violate the Constitution's equal Protection clause, which requires

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<v Speaker 2>the government to treat similarly situated people the same Roberts

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<v Speaker 2>wrote that there are fierce scientific and policy debates about

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<v Speaker 2>the medical treatments, and that quote, we leave questions regarding

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<v Speaker 2>its policy to the people, their elected representatives, and the

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<v Speaker 2>democratic process, echoing what the Chief had said during the

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<v Speaker 2>oral arguments.

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<v Speaker 3>You know, we might think that we're, you know, we

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<v Speaker 3>can do just as good a job with respect to

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<v Speaker 3>the the evidence here as Tennessee or anybody else. But

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<v Speaker 3>my understanding is that the Constitution leaves that question to

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<v Speaker 3>the people's representatives rather than to nine people, none of

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<v Speaker 3>whom is the doctor.

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<v Speaker 2>Justice Sonya Sotomayoa wrote a blistering descent for the court's

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<v Speaker 2>three liberals, accusing the Conservatives of abandoning transgender children and

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<v Speaker 2>their families to political whims. During the oral argument, she'd

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<v Speaker 2>pointed out that the democratic process does not protect transgender

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<v Speaker 2>people against bad laws.

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<v Speaker 4>When you're one percent of the population or less, very

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<v Speaker 4>hard to see how the democratic process is going to

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<v Speaker 4>protect you, Well, are you. Blacks were a much larger

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<v Speaker 4>part of the population, and it didn't protect them. It

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<v Speaker 4>didn't protect women for whole centuries.

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<v Speaker 2>The decision will affect transgender kids in half the states

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<v Speaker 2>which have laws similar to the in Tennessee. Joining me

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<v Speaker 2>is Kate Redburn, a professor at Columbia Law School whose

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<v Speaker 2>expertise centers on the law of gender, sexuality, and religion.

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<v Speaker 2>How much of a setback is this decision for transgender rights.

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<v Speaker 5>It's a significant setback for transgender rights, especially regarding the

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<v Speaker 5>availability and access to medically necessary treatments for gender dysphoria.

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<v Speaker 5>So the opinion refers to SB one's Tennessee law, which

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<v Speaker 5>essentially prohibits transgender youth from accessing gender from maing care

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<v Speaker 5>while allowing all other youth to access the same treatments.

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<v Speaker 5>He says, that's not a sex classification. What it doesn't do, however,

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<v Speaker 5>is it doesn't hold that trans people are not a

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<v Speaker 5>suspect class in general, So it looks like at least

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<v Speaker 5>three justices were willing to go that far, and the

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<v Speaker 5>opinion didn't go that far, So it doesn't necessarily reach

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<v Speaker 5>as far as all transcrimination. And even though I think

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<v Speaker 5>the Court clearly reached the wrong conclusion about whether or

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<v Speaker 5>not SB one is a sex classic, it seems to

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<v Speaker 5>have left open the possibility that it or other courts

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<v Speaker 5>could be presented with evidence that laws like SB one

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<v Speaker 5>are really fueled by anti trans sentiment. And so because

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<v Speaker 5>that path remains open, I feel like this decision, while

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<v Speaker 5>absolutely devastating for trans kids and their families and potentially

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<v Speaker 5>for trans adults seeking care that is regulated, it is

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<v Speaker 5>not the total destruction of equal protection law that it

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<v Speaker 5>could have been, and that it appears at least three

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<v Speaker 5>justices were willing to do.

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<v Speaker 2>The three justices you're referring to being Clarence Thomas, Samuel Alito,

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<v Speaker 2>and Amy Cony Barrett explain the central legal question here

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<v Speaker 2>regarding the equal protection clause.

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<v Speaker 5>So the question before the court was whether or not

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<v Speaker 5>this law violated equal protection, and the United States under

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<v Speaker 5>the prior administration really directed the court's attention to the

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<v Speaker 5>question of whether or not this law constituted a sex classification.

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<v Speaker 5>So does the law turn on sex? And the reason

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<v Speaker 5>for that is because when laws do turn on sex,

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<v Speaker 5>the court looks more closely at the law. They call

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<v Speaker 5>that heightened scrutiny for sex discrimination. So the Court has

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<v Speaker 5>said that certain kinds of classifications, race classifications paradigmatically.

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<v Speaker 1>More into strict scrutiny.

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<v Speaker 5>So the Court's going to look very hard. Sex classifications,

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<v Speaker 5>the Court has previously said sometimes are permissible, it's sometimes

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<v Speaker 5>okay for governments to distinguish between people on the basis

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<v Speaker 5>of sex or make sex classifications, but because it sounds

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<v Speaker 5>a little bit potentially suspicious, they're going to look more closely.

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<v Speaker 5>And so the question here was is a sex classification?

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<v Speaker 5>And then the danger was what had happened in the

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<v Speaker 5>Sixth Circuit where in this case that court had said

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<v Speaker 5>that this law was not a sex classification and sort

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<v Speaker 5>of combined the analysis in a way that made people

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<v Speaker 5>concern that the Court was going to find that even

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<v Speaker 5>certain kinds of sex classifications don't warrant heightened scrutiny. So

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<v Speaker 5>here what happened was the Robert's majority opinion says that

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<v Speaker 5>this law is not a sex classification and therefore only

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<v Speaker 5>warrant's rational basis review.

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<v Speaker 2>Chief Justice Roberts, in his majority opinions talked about the

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<v Speaker 2>fierce scientific and policy debates about the safety, efficacy, and

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<v Speaker 2>propriety of medical treatments in an evolving field. Quote, we

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<v Speaker 2>leave questions regarding its policy to the people, their elected

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<v Speaker 2>representatives and the democratic process. Is that just the court

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<v Speaker 2>looking for an out? I mean, they do make policy decisions.

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<v Speaker 5>Yeah, So it sounds not dissimilar to what the Court

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<v Speaker 5>said about Dobbs when it overturned roversus Wade, which was

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<v Speaker 5>under the guise of changing doctrine, and that case quite significantly,

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<v Speaker 5>you described itself as kicking the question back to the states.

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<v Speaker 5>What is suspicious about that language in this context is

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<v Speaker 5>that the heightened scrutiny is actually designed to make it

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<v Speaker 5>possible for course to spend some time really looking at

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<v Speaker 5>the justifications that the governments are using for regulating and

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<v Speaker 5>classifying on sex, and then it also asks whether or

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<v Speaker 5>not the means justify the ed. So it might be

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<v Speaker 5>that there's a close relationship between the purpose of the

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<v Speaker 5>law and its classification, but it's nevertheless not an acceptable

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<v Speaker 5>purpose anyway. All that's to say that the existing doctrine

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<v Speaker 5>is meant to give the court the opportunity to really

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<v Speaker 5>weigh evidence. And what this decision does is it seems

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<v Speaker 5>to open up the possibility of authorizing governments to regulate

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<v Speaker 5>around medical procedures that touch on sex without courts even looking.

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<v Speaker 1>To weigh the evidence. So it might be the.

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<v Speaker 5>Case that the Court would have applied heightened scrutiny and

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<v Speaker 5>still found that this particular law had on its view

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<v Speaker 5>of sufficient evidentiary support, you know, in light of the

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<v Speaker 5>purported medical controversy. But it might not have, and it

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<v Speaker 5>really denied itself and potentially future courts from even looking

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<v Speaker 5>into that.

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<v Speaker 2>Justice Soto Mayor eroded descent for the three liberals. She

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<v Speaker 2>read a summary of it from the bench, which the

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<v Speaker 2>justices sometimes do when they feel strongly about a descent.

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<v Speaker 2>Then she ended with in sadness I dissent. She talked

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<v Speaker 2>about the majority abandoning transgender children and their families to

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<v Speaker 2>political whims.

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<v Speaker 5>I think that you know, her sadness stems from the

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<v Speaker 5>fact that this is going to for were potentially trans

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<v Speaker 5>kids and their families in half of the states where

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<v Speaker 5>similar laws are on the books to relocate in order

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<v Speaker 5>to simply live their lives.

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<v Speaker 1>The state of the.

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<v Speaker 5>Medical controversy about these issues, and the majority opinion is

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<v Speaker 5>vastly overstated. Much of the history that it relies on,

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<v Speaker 5>and some of the other concurring opinians rely on, it's

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<v Speaker 5>just untrue. And so you know what I think Justice

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<v Speaker 5>Sodomyor was trying to say is that the consequences for

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<v Speaker 5>trans youth in particular are just really, really egregious.

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<v Speaker 2>In her courtroom statement, she said that similar arguments were

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<v Speaker 2>made to defend the Virginia law that prohibited interracial marriage

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<v Speaker 2>that the Supreme Court struck down in nineteen sixty seven.

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<v Speaker 5>Yeah, so we call those equal application laws. So in

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<v Speaker 5>Loving versus Virginia, the argument was well for the law

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<v Speaker 5>prohibited interracial marriage, and the justification for it that the

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<v Speaker 5>state gave was this is not racial discrimination because white

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<v Speaker 5>people are not allowed to marry people of color and

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<v Speaker 5>people of color are not allowed to marry white people.

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<v Speaker 5>In other words, everyone is equally prohibited. The said, No,

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<v Speaker 5>it is still rooted in racial stereotypes that suggest that

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<v Speaker 5>interracial marriage is bad and also animus towards racial minorities

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<v Speaker 5>and trying to reinforce the racial hierarchy in the country.

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<v Speaker 5>So the fact that you can find in that case

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<v Speaker 5>white people and black people on both sides of the

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<v Speaker 5>line that the regulation draws does not mean that it's

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<v Speaker 5>not subject to heightened scrutiny. So there's a reading of

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<v Speaker 5>the majority's opinion here that does exactly the same thing.

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<v Speaker 5>And that's what she's saying that just because there are

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<v Speaker 5>transgender miners on both sides of the line. In other words,

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<v Speaker 5>transgender miners, according to the court, can still obtain sort

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<v Speaker 5>of treatments if they're not for the purposes of addressing

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<v Speaker 5>gender dysphoria. That doesn't mean that this is not motivated

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<v Speaker 5>by animis towards transgender people and trying to reinforce as

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<v Speaker 5>sex and gender hierarchy that suggest that there's something normatively

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<v Speaker 5>preferable about not being transgender.

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<v Speaker 2>The government changed its position after President Trump took office,

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<v Speaker 2>switching to supporting Tennessee's ban. Trump has seemed to target

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<v Speaker 2>transgender people in various ways, from declaring there are only

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<v Speaker 2>two sexes to kicking transgender service members out of the military.

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<v Speaker 2>Why do you think there's so much emphasis on a

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<v Speaker 2>group that represents less than one percent of the population.

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<v Speaker 5>Basically, since it's a little bit after twenty sixteen, it's

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<v Speaker 5>been a major priority among Republican state legislators, in particular

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<v Speaker 5>to attack trans right. There's a lot of reasons why

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<v Speaker 5>that could be the case. You know, one reason that

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<v Speaker 5>having lost the gay marriage fight, there's an effort to

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<v Speaker 5>find a different issue that touches on questions of traditional

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<v Speaker 5>and non traditional gender and sexual role. The search for

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<v Speaker 5>another issue became even stronger after Dobbs, after the Supreme

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<v Speaker 5>Court overturned ro versus Ways, in part because abortions actually

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<v Speaker 5>quite popular nationally, and so in order to create some

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<v Speaker 5>kind of coalition that could win national elections, needed to

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<v Speaker 5>find an issue which would connect to traditional gender and

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<v Speaker 5>sexual values without touching on something popular like gay marriage

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<v Speaker 5>or abortion. So a way to understand the effect of

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<v Speaker 5>the Trump administration is really that it has accelerated a

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<v Speaker 5>pre existing tendency, and it's turned what were state level

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<v Speaker 5>efforts to make transgender life extremely difficult, if not impossible,

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<v Speaker 5>into national policy. So the redefinition of sex, attempts to

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<v Speaker 5>regulate medical treatments, access to bathrooms, access to sports teams,

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<v Speaker 5>all of those efforts that we saw in the executive orders,

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<v Speaker 5>and of course, you know, very important restrictions and attempted

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<v Speaker 5>restrictions now in Congress on access to trans healthcare through

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<v Speaker 5>various kinds of federal aid are reflecting the nationalization of

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<v Speaker 5>what had been state level attacks.

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<v Speaker 2>Does this decision hurt challenges to attempts to roll back

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<v Speaker 2>transgender rights.

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<v Speaker 5>It might, it might not. As I said, there is

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<v Speaker 5>not a majority on the Court apparently to hold that

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<v Speaker 5>anti transiscrimination, you know, is not visible to the Constitution.

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<v Speaker 5>In other words, there are other kinds of anti transiscrimination

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<v Speaker 5>that the Court seems to have held open the possibility

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<v Speaker 5>for recognizing, and so it's going to really depend on

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<v Speaker 5>what is characterized as a medical condition. In other words,

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<v Speaker 5>this opinion says that SB one is discriminating on the

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<v Speaker 5>basis of gender dysphoria and not transgender identity, and so

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<v Speaker 5>other laws do not have that character of being ostensibly

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<v Speaker 5>justified as medical regulations. Instead, I think the normative stakes

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<v Speaker 5>of just trying to force people not to be transgender

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<v Speaker 5>are even clearer in those other situations. And the Court

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<v Speaker 5>hasn't totally eliminated the possibility of reading those arguments in

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<v Speaker 5>the future.

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<v Speaker 2>And we can expect the court's decision on the use

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<v Speaker 2>of LGBTQ friendly books in the classroom next week. Thanks

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<v Speaker 2>so much for joining me. That's Professor Kate Redburn of

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<v Speaker 2>Columbia Law School. Coming up next on the Bloomberg Law Show,

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<v Speaker 2>Karen Reid is acquitted of the murder of her Boston

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<v Speaker 2>police officer boyfriend, and a juror is dismissed from the

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<v Speaker 2>Sean Diddy Combs trial. I'm June Grasso, and you're listening

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<v Speaker 2>to Bloomberg. Cheers from hundreds of Karen Reid's supporters outside

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<v Speaker 2>the courthouse in Dedham, Massachusets as the jury's verdict acquitting

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<v Speaker 2>her of murder and manslaughter charges was announced on Wednesday.

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<v Speaker 2>Reid was accused of intentionally ramming her SUV into her

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<v Speaker 2>Boston police officer boyfriend, John o'keef in a drunken rage

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<v Speaker 2>after an argument, leaving him to die in a blizzard.

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<v Speaker 2>The defense had argued that Reid was framed by police,

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<v Speaker 2>and another jury nearly a year ago was deadlocked after

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<v Speaker 2>five days of deliberations, leading to a mistrial. This jury

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<v Speaker 2>in the retrial, deliberated twenty two hours over four days

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<v Speaker 2>before reaching its verdict. Only finding reed guilty of drunken driving.

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<v Speaker 2>A couple of the jurors later said that the police

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<v Speaker 2>investigation was sloppy, leaving holes in the prosecution's case.

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<v Speaker 6>As the weeks passed by, I just realized there was

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<v Speaker 6>too many holes that we couldn't feel, and there's nothing

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<v Speaker 6>that put her on the scene in our opinion, besides

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<v Speaker 6>just dropping. John mcckeffe off.

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<v Speaker 2>Thanked her supporters and said this.

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<v Speaker 5>No one has fought carter for justice for John O'Keefe.

0:13:07.360 --> 0:13:08.000
<v Speaker 7>And I have.

0:13:08.720 --> 0:13:12.199
<v Speaker 2>Some of the key prosecution witnesses in the trial released

0:13:12.200 --> 0:13:16.600
<v Speaker 2>a joint statement calling the not guilty verdict a devastating

0:13:16.679 --> 0:13:20.280
<v Speaker 2>miscarriage of justice. My guest is former Palm Beach County

0:13:20.360 --> 0:13:24.400
<v Speaker 2>State Attorney Dave Ehrenberg. Dave, were you surprised at the acquittal?

0:13:24.920 --> 0:13:28.160
<v Speaker 1>I was very surprised by it because I thought the

0:13:28.200 --> 0:13:30.920
<v Speaker 1>prosecution this time did an excellent job and focusing the

0:13:31.000 --> 0:13:35.640
<v Speaker 1>jury on the evidence, the data, the cell phone data,

0:13:35.960 --> 0:13:38.840
<v Speaker 1>the evidence of the battery of the cell phone and

0:13:38.880 --> 0:13:42.960
<v Speaker 1>when it started to weaken and when the phone started

0:13:42.960 --> 0:13:45.960
<v Speaker 1>to freeze, the timing. I mean, this was not speculation.

0:13:46.160 --> 0:13:49.679
<v Speaker 1>Data doesn't have any ax to grind. Data is data.

0:13:50.160 --> 0:13:53.720
<v Speaker 1>And as a result, I thought the jury would listen

0:13:53.800 --> 0:13:57.120
<v Speaker 1>to that. Instead, they got distracted by all the things

0:13:57.160 --> 0:13:58.920
<v Speaker 1>and apparently found reasonable doubt.

0:13:59.160 --> 0:14:03.199
<v Speaker 2>Obviously there were no eyewitness accounts, no direct evidence of

0:14:03.240 --> 0:14:06.520
<v Speaker 2>the hit, but there were a series of experts to

0:14:06.720 --> 0:14:11.560
<v Speaker 2>fill in the evidentiary picture. Do you think that testimony

0:14:11.760 --> 0:14:14.480
<v Speaker 2>was too sophisticated for the jury.

0:14:14.920 --> 0:14:17.200
<v Speaker 1>Whenever you get into a battle of experts, it's a

0:14:17.200 --> 0:14:21.960
<v Speaker 1>problem for prosecution because jurors these days, they want eyewitnesses,

0:14:22.080 --> 0:14:27.680
<v Speaker 1>they want the DNA, they want the conclusive smoking guns

0:14:28.080 --> 0:14:30.280
<v Speaker 1>because they're used to seeing that on TV shows which

0:14:30.280 --> 0:14:32.960
<v Speaker 1>are wrapped up in an hour at BSI and other shows.

0:14:33.120 --> 0:14:36.240
<v Speaker 1>And if you don't have that, jurors will quickly find

0:14:36.240 --> 0:14:39.000
<v Speaker 1>some reasonable doubt, especially if it becomes a battle of experts.

0:14:39.040 --> 0:14:41.800
<v Speaker 1>But I thought that it was a defense that came

0:14:41.880 --> 0:14:45.280
<v Speaker 1>up with a cockamamie alternative theory and thus raised the

0:14:45.280 --> 0:14:49.000
<v Speaker 1>bar for the defense by saying that John O'Keefe entered

0:14:49.000 --> 0:14:50.880
<v Speaker 1>the home. There's no evidence he entered the home, there's

0:14:50.960 --> 0:14:53.640
<v Speaker 1>no evidence that anything happened, but he was hit by

0:14:53.680 --> 0:14:58.760
<v Speaker 1>the car by a drunk, enraged woman who left dozens

0:14:58.920 --> 0:15:03.560
<v Speaker 1>of angry voicemails on the victim's phone while he lay

0:15:03.640 --> 0:15:04.400
<v Speaker 1>dying in the snow.

0:15:04.800 --> 0:15:07.960
<v Speaker 2>And how did the defense explain Read's own words to

0:15:08.000 --> 0:15:12.520
<v Speaker 2>paramedics afterwards, repeatedly saying I hit him.

0:15:12.760 --> 0:15:15.320
<v Speaker 1>Yeah, her own words. I mean, she admitted it, but

0:15:15.440 --> 0:15:18.200
<v Speaker 1>they were able to somehow frame it as maybe she

0:15:18.360 --> 0:15:22.240
<v Speaker 1>was unsure, maybe she thought she did, but the witnesses

0:15:22.240 --> 0:15:23.360
<v Speaker 1>said no, she said I hit him.

0:15:23.400 --> 0:15:23.880
<v Speaker 5>I hit him.

0:15:24.080 --> 0:15:27.880
<v Speaker 1>Her own lawyer when this case started said that she

0:15:27.960 --> 0:15:30.880
<v Speaker 1>did hit him, that this was an accident. But then

0:15:31.120 --> 0:15:33.640
<v Speaker 1>they changed their view to try to get away with

0:15:33.680 --> 0:15:34.920
<v Speaker 1>it entirely, and she did.

0:15:35.480 --> 0:15:37.720
<v Speaker 2>Would we call it a mixed verdict because they did

0:15:37.840 --> 0:15:42.200
<v Speaker 2>convict her of operating under the influence of alcohol? Of course,

0:15:42.520 --> 0:15:44.640
<v Speaker 2>the judge just gave her probation for that.

0:15:45.280 --> 0:15:48.000
<v Speaker 1>Well, yeah, but they didn't find her guilty of leaving

0:15:48.000 --> 0:15:50.640
<v Speaker 1>the scene of an accident, so they didn't even feel

0:15:50.680 --> 0:15:53.320
<v Speaker 1>that it was conclusive that she caused an accident. So

0:15:53.360 --> 0:15:56.040
<v Speaker 1>how did he die? It's a binary choice. Either she

0:15:56.160 --> 0:15:57.920
<v Speaker 1>hit him or he went into the house and was

0:15:58.000 --> 0:16:02.040
<v Speaker 1>murdered by law enforcement officers and soccer moms who got

0:16:02.040 --> 0:16:05.160
<v Speaker 1>together in a conspiracy of silence. The murdered their friend

0:16:05.400 --> 0:16:08.520
<v Speaker 1>and then dump his body on the front lawn. I

0:16:08.520 --> 0:16:11.920
<v Speaker 1>don't even understand how anyone can think that makes sense.

0:16:11.960 --> 0:16:14.600
<v Speaker 1>I mean, if you're a law enforcement officer and you're

0:16:14.600 --> 0:16:17.400
<v Speaker 1>in cahoots with soccer moms, wouldn't you think you would

0:16:17.400 --> 0:16:20.200
<v Speaker 1>just claim self defense if you wanted to kill another

0:16:20.280 --> 0:16:22.720
<v Speaker 1>law enforcement officer, Or wouldn't you try to hide the body?

0:16:23.000 --> 0:16:27.280
<v Speaker 1>Why would you throw the body onto the front lawns

0:16:27.320 --> 0:16:30.720
<v Speaker 1>of your house unless it didn't happen, which it didn't happen.

0:16:31.560 --> 0:16:34.440
<v Speaker 2>What some people say is the most powerful defense testimony

0:16:34.640 --> 0:16:39.200
<v Speaker 2>was a snowplow driver who passed the home several times

0:16:39.280 --> 0:16:43.280
<v Speaker 2>in the hours after the alleged collision and said he

0:16:43.320 --> 0:16:45.800
<v Speaker 2>didn't see a two hundred and sixteen pounds six foot

0:16:45.840 --> 0:16:47.320
<v Speaker 2>one man lying in the yard.

0:16:48.040 --> 0:16:48.880
<v Speaker 7>Yeah, no one did.

0:16:48.960 --> 0:16:51.480
<v Speaker 1>This snow was coming down, and no one did. The

0:16:51.480 --> 0:16:54.000
<v Speaker 1>only person who found John O'Keefe, who was then the

0:16:54.040 --> 0:16:56.240
<v Speaker 1>next morning buried under the snow. The only person who

0:16:56.320 --> 0:16:59.280
<v Speaker 1>found John O'Keefe was the person who hit him, because

0:16:59.320 --> 0:17:02.600
<v Speaker 1>she knew where his body was. Because she hit him,

0:17:02.760 --> 0:17:04.800
<v Speaker 1>she knew what happened. No one else could find him.

0:17:04.800 --> 0:17:07.400
<v Speaker 1>They were driving around looking for him, but she bought

0:17:07.480 --> 0:17:10.119
<v Speaker 1>them from a while away. Because she's the one who

0:17:10.200 --> 0:17:12.680
<v Speaker 1>hit him. So in this case, I feel the same

0:17:12.680 --> 0:17:16.000
<v Speaker 1>way as I did after the Oj Simpson verdict or

0:17:16.040 --> 0:17:18.639
<v Speaker 1>the Casey Anthony verdict, that he had a guilty person

0:17:18.680 --> 0:17:19.199
<v Speaker 1>go free.

0:17:19.520 --> 0:17:24.360
<v Speaker 2>Usually on a retrial, it's the prosecution that has the advantage.

0:17:24.680 --> 0:17:26.080
<v Speaker 2>Why do you think it was different here?

0:17:26.520 --> 0:17:28.359
<v Speaker 1>I thought the prosecution did a really good job. I

0:17:28.359 --> 0:17:30.800
<v Speaker 1>don't have any issues with him. I think the defense

0:17:31.080 --> 0:17:34.639
<v Speaker 1>was able to capitalize on this content with police, as

0:17:34.640 --> 0:17:37.920
<v Speaker 1>all it takes his futures would have issues with police.

0:17:38.160 --> 0:17:41.119
<v Speaker 1>And here the accusation was that there was a police

0:17:41.119 --> 0:17:43.800
<v Speaker 1>cover up and that the police officers were too close

0:17:43.880 --> 0:17:47.760
<v Speaker 1>to the family inside the house, and the police officers

0:17:48.040 --> 0:17:51.840
<v Speaker 1>were not only incompetent in collecting the evidence. That's the

0:17:51.920 --> 0:17:55.879
<v Speaker 1>defense talking, not me, but also that the lead investigator,

0:17:55.920 --> 0:17:58.000
<v Speaker 1>who was not even called to the stand, but that

0:17:58.040 --> 0:18:02.320
<v Speaker 1>the lead investigator was such discussing individual with his comments

0:18:02.320 --> 0:18:05.440
<v Speaker 1>about Karen Reid, and he did make offensive comments that

0:18:05.960 --> 0:18:08.160
<v Speaker 1>the whole thing was tainted. And I think that has

0:18:08.200 --> 0:18:10.680
<v Speaker 1>some residents of the jury. I think they perhaps want

0:18:10.680 --> 0:18:13.560
<v Speaker 1>to know why the lead investigator did not testify. Maybe

0:18:13.560 --> 0:18:15.720
<v Speaker 1>they were hiding something which they weren't. They just thought

0:18:15.720 --> 0:18:17.919
<v Speaker 1>that this guy was a side show distraction because of

0:18:17.960 --> 0:18:18.639
<v Speaker 1>his comments.

0:18:19.040 --> 0:18:21.879
<v Speaker 2>Yeah, and the defense seemed to emphasize that in the

0:18:22.440 --> 0:18:27.080
<v Speaker 2>closing arguments. Did the defense improve over the first trial

0:18:27.119 --> 0:18:29.800
<v Speaker 2>where it just presented a day and a half of

0:18:30.119 --> 0:18:31.159
<v Speaker 2>defense witnesses.

0:18:31.720 --> 0:18:33.840
<v Speaker 1>I thought the defense did a really good job as

0:18:33.880 --> 0:18:36.000
<v Speaker 1>they did in the first trial. I mean, anytime you

0:18:36.200 --> 0:18:40.159
<v Speaker 1>are able to get a guilty client acquitted, it's a

0:18:40.240 --> 0:18:43.240
<v Speaker 1>real feed for the defense and they deserve credit. They're

0:18:43.280 --> 0:18:47.400
<v Speaker 1>great lawyers, and it is my belief that she was guilty,

0:18:47.640 --> 0:18:51.399
<v Speaker 1>and I think the evidence conclusively establishes that. But when

0:18:51.440 --> 0:18:54.160
<v Speaker 1>you're a defense learning able to create a side show

0:18:54.240 --> 0:18:57.520
<v Speaker 1>distraction and it works with the jury, then you're doing

0:18:57.520 --> 0:19:00.520
<v Speaker 1>your job. That's a shame for the victims' family. That's

0:19:00.520 --> 0:19:01.040
<v Speaker 1>what it is.

0:19:01.440 --> 0:19:04.560
<v Speaker 2>Read, of course, is free of all criminal charges in

0:19:04.600 --> 0:19:08.880
<v Speaker 2>the case can't be retried, but she still faces a

0:19:08.880 --> 0:19:13.200
<v Speaker 2>civil wrongful death case by O'Keefe's family, and the standard

0:19:13.280 --> 0:19:16.159
<v Speaker 2>of proof there is much lower, so she could be

0:19:16.200 --> 0:19:17.920
<v Speaker 2>held liable for damages there.

0:19:18.680 --> 0:19:22.879
<v Speaker 1>Right In a civil case, the standard is just proponents

0:19:22.880 --> 0:19:25.480
<v Speaker 1>of the evidence. It's much easier to prove and you

0:19:25.640 --> 0:19:27.280
<v Speaker 1>just have to proved negligence, which is.

0:19:27.200 --> 0:19:28.080
<v Speaker 7>A lower burden.

0:19:28.200 --> 0:19:31.320
<v Speaker 1>So all around, it's easier to prove that case of

0:19:31.320 --> 0:19:33.359
<v Speaker 1>the evidence just means, is it more likely than not

0:19:33.560 --> 0:19:36.560
<v Speaker 1>that Ken Reid did something wrong here committed a tourt.

0:19:37.040 --> 0:19:39.359
<v Speaker 1>You don't have to prove anything beyond a reasonable doubt.

0:19:39.560 --> 0:19:43.199
<v Speaker 2>So is the logical conclusion after this verdict that the

0:19:43.280 --> 0:19:44.760
<v Speaker 2>murderer is still out there?

0:19:46.200 --> 0:19:49.200
<v Speaker 1>Yeah? I guess she and Odo Simpson will go search

0:19:49.240 --> 0:19:51.680
<v Speaker 1>for the real killers. That's really what this is, right,

0:19:51.720 --> 0:19:54.320
<v Speaker 1>This was a binary choice. Either she hit him with

0:19:54.400 --> 0:19:57.280
<v Speaker 1>the car or he went inside the house and was

0:19:57.359 --> 0:20:02.119
<v Speaker 1>murdered by law enforcement officers and soccer mom, and then

0:20:02.280 --> 0:20:04.760
<v Speaker 1>they threw their friend's body arms of their front law

0:20:04.960 --> 0:20:06.280
<v Speaker 1>doesn't make any sense.

0:20:06.640 --> 0:20:09.600
<v Speaker 2>So, Dave, what do you make of her supporters? I mean,

0:20:09.640 --> 0:20:13.040
<v Speaker 2>there were crowds of people outside the courthouse waiting for

0:20:13.119 --> 0:20:15.600
<v Speaker 2>the verdict. I mean why she.

0:20:15.560 --> 0:20:18.479
<v Speaker 1>Became a culture personality. I think that the narrative that

0:20:18.560 --> 0:20:21.880
<v Speaker 1>was fed by bloggers was that here's this sweet innocent

0:20:22.040 --> 0:20:24.960
<v Speaker 1>woman who's being framed for a crime she didn't commit

0:20:25.000 --> 0:20:28.639
<v Speaker 1>by the corrupt law enforcement officers. And I just feel

0:20:28.680 --> 0:20:31.480
<v Speaker 1>for those law enforcement officers and the families for having

0:20:31.480 --> 0:20:34.320
<v Speaker 1>their names dragged through the mud when they didn't deserve that.

0:20:34.640 --> 0:20:36.439
<v Speaker 1>They lost a loved one, and John o'keith was a

0:20:36.440 --> 0:20:40.600
<v Speaker 1>good man. And now, in my mind, a guilty defendant

0:20:40.640 --> 0:20:41.280
<v Speaker 1>walks free.

0:20:41.640 --> 0:20:43.919
<v Speaker 2>When Reid came out of the courthouse, she made this

0:20:44.040 --> 0:20:47.719
<v Speaker 2>statement that struck me as odd. No one has fought

0:20:47.720 --> 0:20:50.960
<v Speaker 2>harder for justice for John o'keef than I have.

0:20:51.760 --> 0:20:53.920
<v Speaker 1>That's her, oj Simpson, I'm going to find the real

0:20:54.000 --> 0:20:56.600
<v Speaker 1>killers moment and just tells you all you need to

0:20:56.680 --> 0:20:59.120
<v Speaker 1>know about her. I mean to make a statement like that,

0:20:59.359 --> 0:21:02.040
<v Speaker 1>What an install to the family. Now, what an insult?

0:21:02.119 --> 0:21:05.160
<v Speaker 1>It rubbed salt in the wounds to say something like that.

0:21:05.560 --> 0:21:07.800
<v Speaker 1>Just go on with your life and this family is

0:21:07.840 --> 0:21:08.480
<v Speaker 1>suffering enough.

0:21:08.800 --> 0:21:11.800
<v Speaker 2>Thanks for being here, Dave. That's day Arenberg, former Palm

0:21:11.880 --> 0:21:15.639
<v Speaker 2>Beach County State Attorney, and in another high profile trial,

0:21:16.000 --> 0:21:19.200
<v Speaker 2>jurors may begin deliberating towards the end of next week.

0:21:19.440 --> 0:21:24.040
<v Speaker 2>Sean Diddy Combs is entrumph for racketeering, conspiracy, and sex trafficking.

0:21:24.400 --> 0:21:27.720
<v Speaker 2>The prosecution is expected to rest its case on Monday,

0:21:28.080 --> 0:21:30.600
<v Speaker 2>and the defense says it expects to put on its

0:21:30.680 --> 0:21:34.520
<v Speaker 2>case on Wednesday and Thursday. There was some jury drama

0:21:34.560 --> 0:21:38.040
<v Speaker 2>this week as the judge dismissed a juror, despite the

0:21:38.080 --> 0:21:42.479
<v Speaker 2>defense raising concerns that putting in a white alternate juror

0:21:42.520 --> 0:21:45.880
<v Speaker 2>for the black juror would make the jury less diverse.

0:21:46.240 --> 0:21:49.520
<v Speaker 2>Joining me is former federal prosecutor Robert Mintz, a partner

0:21:49.600 --> 0:21:52.960
<v Speaker 2>Macarter In English, Bob tell us what happened with Juror

0:21:53.040 --> 0:21:53.760
<v Speaker 2>number six?

0:21:54.560 --> 0:21:57.760
<v Speaker 8>Even before we got to the close of the trial

0:21:58.160 --> 0:22:01.280
<v Speaker 8>and deliberations in front of the jury, one of the jurors,

0:22:01.400 --> 0:22:05.439
<v Speaker 8>jur number six, was removed from the panel by the

0:22:05.600 --> 0:22:08.879
<v Speaker 8>judge after it was determined that the juror had been

0:22:09.040 --> 0:22:12.679
<v Speaker 8>less than candid about where he resided during the jury

0:22:12.720 --> 0:22:16.840
<v Speaker 8>selection process. He apparently indicated that he lived in the Bronx,

0:22:16.880 --> 0:22:19.040
<v Speaker 8>which is part of the Southern District of New York,

0:22:19.280 --> 0:22:23.240
<v Speaker 8>the district where the trial is taking place, but later

0:22:23.359 --> 0:22:27.280
<v Speaker 8>information surfaced that he actually lived with his girlfriend in

0:22:27.359 --> 0:22:30.479
<v Speaker 8>New Jersey, which is not within the Southern District of

0:22:30.480 --> 0:22:32.919
<v Speaker 8>New York. And the court will say that you cannot

0:22:32.960 --> 0:22:36.240
<v Speaker 8>be sitting on the jury unless you reside within the district.

0:22:36.560 --> 0:22:39.679
<v Speaker 8>So that was ground to remove the juror, and the

0:22:39.800 --> 0:22:42.520
<v Speaker 8>judge found that there was nothing that could be done

0:22:42.640 --> 0:22:46.960
<v Speaker 8>to repair the juror's credibility, since, according to the judge,

0:22:47.000 --> 0:22:50.080
<v Speaker 8>he had apparently been less than candid about where he

0:22:50.160 --> 0:22:50.560
<v Speaker 8>was living.

0:22:50.960 --> 0:22:54.159
<v Speaker 2>The trial is in its sixth week. Do the attorneys

0:22:54.240 --> 0:22:57.919
<v Speaker 2>have a feel for which jurors may be leaning in

0:22:58.000 --> 0:22:59.080
<v Speaker 2>their direction.

0:22:59.480 --> 0:23:02.800
<v Speaker 8>Throughout the trial? It's typical for the defense and the

0:23:02.880 --> 0:23:06.520
<v Speaker 8>prosecution to be forming opinions about which jurors they think

0:23:06.840 --> 0:23:10.160
<v Speaker 8>may be favoring their case. Of course, nobody really knows

0:23:10.200 --> 0:23:13.920
<v Speaker 8>what's going on, but based upon their body language, perhaps

0:23:13.960 --> 0:23:17.480
<v Speaker 8>based upon the eye contact that they're making with witnesses,

0:23:18.040 --> 0:23:20.800
<v Speaker 8>eye contact they may be making with a defendant, just

0:23:20.880 --> 0:23:24.200
<v Speaker 8>the way they conduct themselves in the jury box during

0:23:24.200 --> 0:23:27.320
<v Speaker 8>the trial, it's inevitable that both the prostitution and the

0:23:27.320 --> 0:23:31.200
<v Speaker 8>defense formed some belief as the which jurors may be

0:23:31.240 --> 0:23:35.120
<v Speaker 8>favoring them as the trial unfold. In this case, when

0:23:35.160 --> 0:23:38.880
<v Speaker 8>the judge decided that jurors number six had to be removed,

0:23:38.960 --> 0:23:43.000
<v Speaker 8>there was an objection by the Comb's defense team. This

0:23:43.200 --> 0:23:45.560
<v Speaker 8>was only one of two black men that was on

0:23:45.600 --> 0:23:48.320
<v Speaker 8>the panel, and in this case, what you had was

0:23:48.359 --> 0:23:51.560
<v Speaker 8>the removal of a black, middle aged man who was

0:23:51.640 --> 0:23:53.960
<v Speaker 8>now replaced by the ultimate who happened to be an

0:23:53.960 --> 0:23:57.800
<v Speaker 8>older white man. The defense argued that that was unfair,

0:23:57.920 --> 0:24:01.760
<v Speaker 8>that it created a racial in the jury, but the

0:24:01.880 --> 0:24:05.119
<v Speaker 8>judge rule that race is not something that he can

0:24:05.520 --> 0:24:09.120
<v Speaker 8>consider in terms of removal of jur is something that

0:24:09.359 --> 0:24:13.680
<v Speaker 8>is beyond the scope of what is relevant for consideration

0:24:13.880 --> 0:24:16.359
<v Speaker 8>as to whether this juror can continue to sit on

0:24:16.400 --> 0:24:19.960
<v Speaker 8>the jury panel, and he therefore removes thejur is over

0:24:20.040 --> 0:24:22.000
<v Speaker 8>the objections of the defense.

0:24:22.240 --> 0:24:25.600
<v Speaker 2>This will likely be inn a pellet issue if he's convicted.

0:24:25.840 --> 0:24:29.320
<v Speaker 2>Thanks Bob. That's Robert Mince of Macarter and English. Coming

0:24:29.400 --> 0:24:33.080
<v Speaker 2>up next, Shack pays one point eight million dollars to

0:24:33.119 --> 0:24:36.720
<v Speaker 2>get out of a lawsuit over his FTX endorsements. I'm

0:24:36.800 --> 0:24:38.840
<v Speaker 2>June Grosso and you're listening to Bloomberg.

0:24:39.000 --> 0:24:42.320
<v Speaker 1>Hey's shaquillemun I'm excited to be partnering with FTX to

0:24:42.359 --> 0:24:44.560
<v Speaker 1>help make crypto accessible for everyone.

0:24:44.760 --> 0:24:45.840
<v Speaker 5>I'm all in, are you?

0:24:47.320 --> 0:24:52.480
<v Speaker 2>Shack was all in on FTX, endorsing the cryptocurrency exchange

0:24:52.640 --> 0:24:56.640
<v Speaker 2>along with a host of other celebrities and sports superstars

0:24:57.240 --> 0:24:58.120
<v Speaker 2>like Tom Brady.

0:24:58.400 --> 0:25:01.840
<v Speaker 1>A lot of people big this is how you mind bitcoin.

0:25:02.160 --> 0:25:03.040
<v Speaker 1>But you don't need a.

0:25:03.000 --> 0:25:08.440
<v Speaker 7>Flame doer to buy, sell, or trade bitcoin and crypto safely.

0:25:09.000 --> 0:25:10.560
<v Speaker 1>You just need FTX.

0:25:11.400 --> 0:25:14.119
<v Speaker 2>Steph Curry, okayryp messing around?

0:25:14.160 --> 0:25:17.000
<v Speaker 5>Man, give me some tips from crypto, you know, but

0:25:17.160 --> 0:25:18.359
<v Speaker 5>you are an expert, right.

0:25:18.320 --> 0:25:20.560
<v Speaker 7>No, I'm not an expert and I don't need to

0:25:20.600 --> 0:25:21.920
<v Speaker 7>be with FTX.

0:25:21.960 --> 0:25:24.520
<v Speaker 6>I have everything I need to buy, sell, and trade

0:25:24.520 --> 0:25:25.440
<v Speaker 6>crypto safely.

0:25:25.720 --> 0:25:29.040
<v Speaker 2>And who can forget Larry David Super Bowl commercial.

0:25:30.840 --> 0:25:32.719
<v Speaker 1>You might as well put the dishes in the shower.

0:25:34.400 --> 0:25:35.680
<v Speaker 2>Hey, Cathin, what's cooking?

0:25:36.119 --> 0:25:37.320
<v Speaker 4>We're putting them out on the moon.

0:25:37.520 --> 0:25:38.760
<v Speaker 3>Are you out of your mind?

0:25:38.880 --> 0:25:41.720
<v Speaker 1>I can't even get tuna without salary. Nobody's going to

0:25:41.760 --> 0:25:42.600
<v Speaker 1>the moon ever.

0:25:43.200 --> 0:25:47.679
<v Speaker 2>But then FTX imploded in twenty twenty two, are raising

0:25:47.760 --> 0:25:52.240
<v Speaker 2>billions of dollars in customer funds, it's founder Sam Bankman

0:25:52.359 --> 0:25:56.560
<v Speaker 2>freed convicted of fraud, money laundering, and conspiracy, and it's

0:25:56.600 --> 0:26:01.359
<v Speaker 2>celebrity endorsers. We're an obvious target from massive class action

0:26:01.600 --> 0:26:06.080
<v Speaker 2>lawsuit by investors who sued them for promoting FTX as

0:26:06.119 --> 0:26:11.479
<v Speaker 2>a trustworthy platform and allegedly enabling FTX to engage in fraud.

0:26:11.840 --> 0:26:17.080
<v Speaker 2>Shaquille O'Neil is no longer all in on FTX. In fact,

0:26:17.119 --> 0:26:20.800
<v Speaker 2>he's the first celebrity who's decided to take himself out

0:26:20.880 --> 0:26:24.160
<v Speaker 2>of the equation, walking away from the case by agreeing

0:26:24.200 --> 0:26:28.000
<v Speaker 2>to pay one point eight million dollars to settle. Joining

0:26:28.040 --> 0:26:32.600
<v Speaker 2>me is entertainment attorney Ron Beanstock, a partner at Scarinsey Hollinbeck.

0:26:33.040 --> 0:26:38.040
<v Speaker 2>Ron tell us about the lawsuits filed against FTX celebrity endorsers,

0:26:38.280 --> 0:26:44.680
<v Speaker 2>including Tom Brady, Steph Curry, Gisel Bunchen, Naomi Osaka, David Ortiz,

0:26:44.920 --> 0:26:45.920
<v Speaker 2>and Larry David.

0:26:46.840 --> 0:26:49.640
<v Speaker 7>So let me begin by explaining. If you can imagine

0:26:49.640 --> 0:26:53.119
<v Speaker 7>putting a frozen dinner into the microwave and it explodes

0:26:53.160 --> 0:26:56.879
<v Speaker 7>and gets onto everybody and everything. That's what's happened here.

0:26:57.160 --> 0:26:59.000
<v Speaker 7>So we have to go back a couple of years.

0:26:59.080 --> 0:27:02.920
<v Speaker 7>Sam Bankman, Freed and other people decide that they want

0:27:02.960 --> 0:27:06.520
<v Speaker 7>to create a cryptocurrency exchange, right they want to compete

0:27:06.520 --> 0:27:10.560
<v Speaker 7>with other well known cryptocurrency exchanges of a Haamian based company.

0:27:11.119 --> 0:27:14.480
<v Speaker 7>Hintin that should has already told somebody something and FTX

0:27:14.560 --> 0:27:18.639
<v Speaker 7>gets formed with investment capital and to create the largest

0:27:18.640 --> 0:27:22.119
<v Speaker 7>if you will, but also the rabatas of it being serious.

0:27:22.359 --> 0:27:26.080
<v Speaker 7>Who do we turn to return to media people, sports figures,

0:27:26.119 --> 0:27:29.680
<v Speaker 7>celebrities to if you will become ambassadors. You can't see

0:27:29.680 --> 0:27:32.280
<v Speaker 7>my hands, but hand quotes in the air, ambassadors for

0:27:32.320 --> 0:27:35.960
<v Speaker 7>the brand, and in return people would get either shares

0:27:36.080 --> 0:27:39.200
<v Speaker 7>or get paid. So Tom Brady gets fifty five million

0:27:39.240 --> 0:27:43.240
<v Speaker 7>dollars in stock and is now ex wife Giselle Bundes

0:27:43.280 --> 0:27:46.679
<v Speaker 7>gets nineteen point eight. The problem with all of that

0:27:46.840 --> 0:27:49.400
<v Speaker 7>is is that this is not true normal endorsement degree.

0:27:49.760 --> 0:27:53.760
<v Speaker 7>You know, if you're endorsing a product Breakfast Cereal, Wheaty's Box, right,

0:27:54.280 --> 0:27:57.320
<v Speaker 7>the chances of things going wrong with the product itself

0:27:57.800 --> 0:28:01.520
<v Speaker 7>are fairly minimalized. These are gems products. Once you get

0:28:01.520 --> 0:28:05.879
<v Speaker 7>to services like this, where you've got a currency exchange

0:28:05.960 --> 0:28:08.879
<v Speaker 7>service that you're telling people and this is the quote

0:28:08.880 --> 0:28:12.159
<v Speaker 7>from the complaint is safe and reliable. I think that

0:28:12.200 --> 0:28:15.240
<v Speaker 7>there's going to be an issue whether you were fully

0:28:15.240 --> 0:28:20.359
<v Speaker 7>advised both by the ambassador of this serves or even

0:28:20.400 --> 0:28:23.439
<v Speaker 7>your own people advising you as the ambassador, as the

0:28:23.440 --> 0:28:26.919
<v Speaker 7>potential downfalls and pitfalls of this. So it starts with

0:28:27.600 --> 0:28:33.520
<v Speaker 7>FTX rolling along becoming this sort of high investment package group.

0:28:33.840 --> 0:28:37.000
<v Speaker 7>They get naming rights to a sports stadium in Miami.

0:28:37.119 --> 0:28:40.800
<v Speaker 7>They sponsor a Formula One racing team all of the

0:28:40.840 --> 0:28:43.840
<v Speaker 7>big money looking type things to show look how well

0:28:43.880 --> 0:28:46.160
<v Speaker 7>we're doing, and then they don't make any money, and

0:28:46.440 --> 0:28:50.440
<v Speaker 7>investors file in the Southern District of Florida in Federal Core.

0:28:50.600 --> 0:28:54.000
<v Speaker 7>Obviously there's a now consolidated case. It's a five hundred

0:28:54.040 --> 0:28:57.680
<v Speaker 7>page complaint that lays out that we as investors have

0:28:57.720 --> 0:29:01.280
<v Speaker 7>been defrauded and that money went into this morass and

0:29:01.320 --> 0:29:03.200
<v Speaker 7>did not come back out as profit for us, and

0:29:03.240 --> 0:29:07.360
<v Speaker 7>you promised to profit on this unregulated cryptocurrency exchange.

0:29:07.440 --> 0:29:07.960
<v Speaker 1>So there's a.

0:29:08.120 --> 0:29:12.320
<v Speaker 7>Series of interlocking lawsuits and complaints all taking place at

0:29:12.320 --> 0:29:16.000
<v Speaker 7>the same time. Well, what occurs bankruptcy and from that

0:29:16.080 --> 0:29:20.120
<v Speaker 7>bankruptcy things just fall down the hill so fast.

0:29:20.960 --> 0:29:22.600
<v Speaker 2>Explain Shaq's involvement.

0:29:23.200 --> 0:29:26.800
<v Speaker 7>We don't know the inside story, but Shaq, along with

0:29:26.920 --> 0:29:33.840
<v Speaker 7>Larry David, Naomi Osaka, Steph Curry, and Shohiotani are all involved.

0:29:33.920 --> 0:29:36.760
<v Speaker 7>They all get paid. Now, this is not sort of

0:29:36.800 --> 0:29:42.760
<v Speaker 7>your classic influencer deal. They're paid ambassadors of this and

0:29:42.800 --> 0:29:45.880
<v Speaker 7>they put their own personal brand at stake by doing this.

0:29:46.320 --> 0:29:48.800
<v Speaker 7>Shaq gets paid seven hundred and fifty thousand dollars to

0:29:48.880 --> 0:29:52.360
<v Speaker 7>be an ambassador for the FTX and people are giving

0:29:52.400 --> 0:29:55.160
<v Speaker 7>money in based upon the assurances that these really well

0:29:55.200 --> 0:29:57.440
<v Speaker 7>known people, and Shack has reputation of being a very

0:29:57.440 --> 0:30:00.600
<v Speaker 7>good business person, that they are sure that there'll be

0:30:00.640 --> 0:30:04.400
<v Speaker 7>some successful outcome of this doesn't happen, goes into bankruptcy.

0:30:04.640 --> 0:30:08.240
<v Speaker 7>So the lawsuits begin back in that consolidated case in Florida,

0:30:08.320 --> 0:30:11.160
<v Speaker 7>and there's a serious emotions back and forth, and Shack

0:30:11.240 --> 0:30:15.480
<v Speaker 7>opts out. He settles, and there is a judge's orders

0:30:15.480 --> 0:30:20.400
<v Speaker 7>as to whether liability we expanded or curtailed involving mister

0:30:20.440 --> 0:30:24.240
<v Speaker 7>Brady and all these other people. And Shack settled prior

0:30:24.320 --> 0:30:26.960
<v Speaker 7>to the judge's order. And he settles for one point

0:30:27.000 --> 0:30:30.240
<v Speaker 7>eight million and a release. And everybody's been saying, well,

0:30:30.280 --> 0:30:32.680
<v Speaker 7>did he opt out too soon? I think that's a

0:30:32.720 --> 0:30:36.280
<v Speaker 7>fair question. I think he opted out for a cap

0:30:36.360 --> 0:30:39.200
<v Speaker 7>amount and a release, and he could walk away from this,

0:30:39.480 --> 0:30:41.560
<v Speaker 7>even though this agreement still needs to be approved by

0:30:41.600 --> 0:30:43.720
<v Speaker 7>the court, that at this point it looks like he'll

0:30:43.720 --> 0:30:45.320
<v Speaker 7>get out for one point eight where just all the

0:30:45.360 --> 0:30:48.520
<v Speaker 7>money he got plus another nearly a million dollars.

0:30:49.040 --> 0:30:52.720
<v Speaker 2>Decades ago, the Ninth Circuit found that Steve Garvey, the

0:30:52.880 --> 0:30:56.680
<v Speaker 2>star baseball player, couldn't be held liable for endorsing a

0:30:56.720 --> 0:31:00.680
<v Speaker 2>weight loss system that claimed people could lose wait just

0:31:00.800 --> 0:31:04.600
<v Speaker 2>by sitting around and doing nothing because he didn't know

0:31:04.640 --> 0:31:10.640
<v Speaker 2>about material representations. So have celebrity endorsers generally not been

0:31:10.720 --> 0:31:14.320
<v Speaker 2>found liable for the wrongful acts of the companies whose

0:31:14.400 --> 0:31:15.800
<v Speaker 2>products they promote.

0:31:15.960 --> 0:31:19.720
<v Speaker 7>It's the perfect question. The general follow is if you

0:31:19.840 --> 0:31:23.440
<v Speaker 7>had a product and the product hurts somebody or something happens,

0:31:23.480 --> 0:31:26.680
<v Speaker 7>you're generally indemnified. Right, I promoted the product, but you

0:31:26.720 --> 0:31:29.880
<v Speaker 7>indemnified me if someone got hurt with the product. Here

0:31:30.560 --> 0:31:36.120
<v Speaker 7>the harm was so substantial involving services that the harm

0:31:36.560 --> 0:31:39.440
<v Speaker 7>can't even be calculated to some extent. But the general

0:31:39.520 --> 0:31:42.720
<v Speaker 7>rule to follow is when you're an endorser of a product,

0:31:42.920 --> 0:31:45.720
<v Speaker 7>you're generally capped. Generally think they're indemnified. You know, it's

0:31:45.760 --> 0:31:46.720
<v Speaker 7>pretty straightforward.

0:31:46.760 --> 0:31:47.040
<v Speaker 3>These thinks.

0:31:47.040 --> 0:31:50.240
<v Speaker 7>They're done all the time. This is an unregulated business.

0:31:50.280 --> 0:31:53.200
<v Speaker 7>And I've got to toss in one more thing. Shack

0:31:53.840 --> 0:31:57.000
<v Speaker 7>had already been involved in an NFT promotion for those

0:31:57.080 --> 0:32:00.560
<v Speaker 7>not familiar, non fungible token that he and his son started,

0:32:00.840 --> 0:32:04.360
<v Speaker 7>and he settled for eleven million dollars. It was called

0:32:04.400 --> 0:32:07.240
<v Speaker 7>the Astros project, and he settled late last year he

0:32:07.800 --> 0:32:09.600
<v Speaker 7>was promoting it and he was one of the major

0:32:09.640 --> 0:32:11.760
<v Speaker 7>figures in it, and he settled the class action for

0:32:11.800 --> 0:32:17.440
<v Speaker 7>eleven million. Again an unregulated business. NFT's with this flash

0:32:17.480 --> 0:32:19.560
<v Speaker 7>and of pan as we've all talked about, and then

0:32:19.600 --> 0:32:23.520
<v Speaker 7>it's gone. It has no value, right the cryptocurrency exchanged

0:32:23.560 --> 0:32:28.160
<v Speaker 7>world with SDX fell apart, no value. So the answer

0:32:28.240 --> 0:32:33.360
<v Speaker 7>to that question is there are limitations as to major

0:32:33.880 --> 0:32:39.400
<v Speaker 7>endorsement agreements with regulated business, food, beverages, things of that nature.

0:32:39.600 --> 0:32:43.560
<v Speaker 7>But in the unregulated world. This is where I can't

0:32:43.560 --> 0:32:46.960
<v Speaker 7>make a flag red and big enough to waive to

0:32:47.040 --> 0:32:49.520
<v Speaker 7>people to say, are you sure?

0:32:50.760 --> 0:32:54.400
<v Speaker 2>What will the plaintiff investors have to show here that

0:32:54.480 --> 0:32:58.000
<v Speaker 2>they relied on the celebrity endorser. And it's one thing

0:32:58.160 --> 0:33:02.400
<v Speaker 2>to rely on a celebrities endors to buy beer or

0:33:02.520 --> 0:33:06.200
<v Speaker 2>chips or face cream, But how reasonable is it to

0:33:06.280 --> 0:33:10.440
<v Speaker 2>rely on a celebrities endorsement to invest your money? Does

0:33:10.480 --> 0:33:11.080
<v Speaker 2>that matter?

0:33:11.920 --> 0:33:16.280
<v Speaker 7>People have relied on celebrity endorsements for many decades. Think

0:33:16.320 --> 0:33:20.280
<v Speaker 7>about it, cigarettes, that's an unsafe product. People have done

0:33:20.640 --> 0:33:24.280
<v Speaker 7>car endorsements and there've been car crashes. So the difference

0:33:24.360 --> 0:33:27.360
<v Speaker 7>is is that it's relatively regulated. You do have FBA,

0:33:27.440 --> 0:33:31.640
<v Speaker 7>you would have you know, transportation issues, you've got regulations

0:33:31.680 --> 0:33:34.760
<v Speaker 7>to some extent. There's oversight here, and when there's no oversight,

0:33:34.880 --> 0:33:37.240
<v Speaker 7>I think that's the biggest question. What happens with non

0:33:37.280 --> 0:33:40.920
<v Speaker 7>regulated oversight business where of course this is the big money, right,

0:33:41.160 --> 0:33:43.800
<v Speaker 7>there's no end to it. People see pie in the sky.

0:33:43.920 --> 0:33:48.480
<v Speaker 7>There's the lure of the unregulated billions. It captures people,

0:33:48.520 --> 0:33:52.600
<v Speaker 7>including investors. And the complaint, like I said, stated that

0:33:53.040 --> 0:33:57.080
<v Speaker 7>the ambassadors are claiming it's safe and reliable, but the

0:33:57.080 --> 0:34:01.400
<v Speaker 7>complaint also says they knew the risks. Soquestion is shouldn't

0:34:01.440 --> 0:34:04.440
<v Speaker 7>that same theory been imputed to the investor's sophisticated money

0:34:04.480 --> 0:34:07.840
<v Speaker 7>people who would have known the risks of investing in

0:34:07.880 --> 0:34:11.600
<v Speaker 7>a cryptocurrency exchange. And I think that's the question that

0:34:11.640 --> 0:34:13.759
<v Speaker 7>we don't have the answer to. We will have it

0:34:13.840 --> 0:34:15.759
<v Speaker 7>from the court to some extent, and we'll see how

0:34:15.760 --> 0:34:20.240
<v Speaker 7>successful the claims go against the various people I mentioned before, Otani,

0:34:20.320 --> 0:34:24.839
<v Speaker 7>David Osaka Curry the liability extent to them. But Shack

0:34:24.920 --> 0:34:26.759
<v Speaker 7>got out because he saw a moment to cap it.

0:34:27.200 --> 0:34:29.960
<v Speaker 7>And I think his attorneys may have had a relationship

0:34:30.000 --> 0:34:33.359
<v Speaker 7>with Plank discouncil, and they may have known each other,

0:34:33.480 --> 0:34:37.080
<v Speaker 7>and they're probably a little back door, you know, behind

0:34:37.080 --> 0:34:40.120
<v Speaker 7>the scenes trading, and he got out for one point eight.

0:34:40.960 --> 0:34:44.640
<v Speaker 2>As you mentioned before, a Florida federal judge dismissed a

0:34:44.680 --> 0:34:47.440
<v Speaker 2>lot of the claims against the celebrities in the case,

0:34:48.280 --> 0:34:50.640
<v Speaker 2>narrowing the scope of the litigation.

0:34:51.360 --> 0:34:55.080
<v Speaker 7>He dismissed some of the potential liability aspects of it.

0:34:55.160 --> 0:34:58.839
<v Speaker 7>And again we don't really know. The voluminous paperwork on

0:34:58.920 --> 0:35:01.880
<v Speaker 7>this case is hard to explain. Like I said, complaint

0:35:01.880 --> 0:35:04.000
<v Speaker 7>alone and men to complaint to five hundred pages and

0:35:04.000 --> 0:35:06.839
<v Speaker 7>who knows can make it a third emend There are

0:35:07.200 --> 0:35:12.000
<v Speaker 7>so many decisions to have been made involving the motions

0:35:12.280 --> 0:35:15.839
<v Speaker 7>to dismiss back and forth. But at some point there

0:35:15.960 --> 0:35:18.040
<v Speaker 7>was probably a series of claims here that the judge

0:35:18.120 --> 0:35:19.480
<v Speaker 7>is going to feel, you know what, I'm going to

0:35:19.560 --> 0:35:22.200
<v Speaker 7>curtail this. I want to get the case back under control.

0:35:22.320 --> 0:35:25.440
<v Speaker 7>It's too broad, So I'm going to allow some of

0:35:25.440 --> 0:35:27.319
<v Speaker 7>this liability to come through, and I think I'm going

0:35:27.360 --> 0:35:28.719
<v Speaker 7>to dismiss other aspects of it.

0:35:28.960 --> 0:35:33.200
<v Speaker 2>Do you see these lawsuits affecting celebrity endorsement deals in

0:35:33.239 --> 0:35:33.800
<v Speaker 2>the future.

0:35:34.239 --> 0:35:35.840
<v Speaker 7>I think so I think this is going to have

0:35:35.880 --> 0:35:36.720
<v Speaker 7>some chilling effect.

0:35:36.800 --> 0:35:37.120
<v Speaker 2>I do.

0:35:37.640 --> 0:35:40.120
<v Speaker 7>And for you to be in a position you the

0:35:40.160 --> 0:35:44.600
<v Speaker 7>average you know, superstar person, media celebrity, to be in

0:35:44.640 --> 0:35:47.520
<v Speaker 7>a position where you can settle for one point eight

0:35:47.560 --> 0:35:50.120
<v Speaker 7>million or in Shack's case, eleven million and then one

0:35:50.120 --> 0:35:52.960
<v Speaker 7>point eight million, I suppose if you've got that liquidity

0:35:53.120 --> 0:35:55.680
<v Speaker 7>to do that, then maybe things don't bother you. And

0:35:55.760 --> 0:35:59.320
<v Speaker 7>maybe at that level of finance, you know, access to capital,

0:35:59.360 --> 0:36:01.360
<v Speaker 7>maybe it doesn't. But I think it's going to have

0:36:01.400 --> 0:36:04.360
<v Speaker 7>a chilling effect, and I would hope so on people

0:36:04.760 --> 0:36:12.600
<v Speaker 7>making decisions, particularly in unregulated businesses like NFT, cryptocurrency exchange,

0:36:12.800 --> 0:36:15.759
<v Speaker 7>Bitcoin which is a form of cryptocurrency, and other mean

0:36:15.800 --> 0:36:18.440
<v Speaker 7>coins and think of this nature. I think that's where

0:36:18.560 --> 0:36:20.719
<v Speaker 7>people are going to start to get a little bit

0:36:20.719 --> 0:36:23.879
<v Speaker 7>more reluctant to lend their name to something, because now

0:36:23.920 --> 0:36:28.880
<v Speaker 7>you're talking about your brand being damaged to support another brand,

0:36:29.160 --> 0:36:32.520
<v Speaker 7>and we only have the one brand, and when it's tarnished,

0:36:32.680 --> 0:36:36.280
<v Speaker 7>your ability to endorse high level things will diminish.

0:36:36.560 --> 0:36:39.319
<v Speaker 2>We'll see if any other celebrities decide to take the

0:36:39.400 --> 0:36:43.439
<v Speaker 2>settlement route like Shack. Thanks so much, Ron, that's Ron

0:36:43.520 --> 0:36:47.120
<v Speaker 2>Beanstock a partner at Scarincy Holland Beck. And that's it

0:36:47.160 --> 0:36:49.759
<v Speaker 2>for this edition of The Bloomberg Law Show. Remember you

0:36:49.760 --> 0:36:52.240
<v Speaker 2>can always get the latest legal news on our Bloomberg

0:36:52.320 --> 0:36:55.960
<v Speaker 2>Law Podcast. You can find them on Apple Podcasts, Spotify,

0:36:56.120 --> 0:37:01.160
<v Speaker 2>and at www dot bloomberg dot com, slash podcast slash Law,

0:37:01.560 --> 0:37:04.160
<v Speaker 2>And remember to tune into The Bloomberg Law Show every

0:37:04.200 --> 0:37:08.120
<v Speaker 2>weeknight at ten pm Wall Street Time. I'm June Grosso

0:37:08.239 --> 0:37:09.840
<v Speaker 2>and you're listening to Bloomberg