Latest news with #JohnBates
Yahoo
23-05-2025
- Business
- Yahoo
Executive order against Jenner & Block ruled unconstitutional
The executive order targeting Big Law firm Jenner & Block was ruled unconstitutional on Friday. In his ruling, District Judge John Bates said the EO retaliated against the firm for protected speech. This is the second executive order targeting a Big Law firm that has been struck down. Another of President Donald Trump's executive orders targeting a Big Law firm has been struck down after a US District Judge on Friday said the action against Jenner & Block was unconstitutional. The entire order, which revoked the security clearances of the firm's attorneys and required a review of its government contracts, was invalidated by the judge's ruling, representing a major win for Jenner & Block. "The order raises constitutional eyebrows many times over. It punishes and seeks to silence speech 'at the very center of the First Amendment,'" US District Judge John Bates, of the District Court of DC wrote in his ruling, adding that Trump's order did so "via the most 'egregious form of content discrimination — viewpoint discrimination,'" and "in an unacceptable attempt to 'insulate the Government's laws from judicial inquiry.'" A spokesperson for Jenner & Block directed Business Insider to their public statement following the ruling, which said that the firm is "pleased with the court's decision to decisively strike down an unconstitutional attack on our clients' right to have zealous, independent counsel and our firm's right to represent our clients fully and without compromise." "Our decision to fight the executive order in court is rooted in Jenner & Block's history and values: we fiercely advocate for our clients under all circumstances," the firm's statement continued. "This ruling demonstrates the importance of lawyers standing firm on behalf of clients and for the law. That is what Jenner will continue to do for our clients — paying and pro bono — as we look to put this matter behind us." Representatives for the White House did not immediately respond to a request for comment from Business Insider. The decision from US District Judge John Bates, an appointee of former President George W. Bush, is the second order striking down an executive order from Trump targeting a law firm. Earlier this month, another judge blocked an order targeting Perkins Coie, ruling that Trump's use of federal power "an overt attempt to suppress and punish certain viewpoints." Judges have also temporarily paused executive orders targeting the law firms Susman Godfrey and Wilmer Hale, pending decisions on whether to permanently block them. At an April hearing for Jenner & Block's case, Bates snapped at the Justice Department lawyer, Richard Lawson, who argued Trump's executive order should stand. "Give me a break," Bates said, as Lawson argued federal agencies should follow Trump's command because Jenner & Block engaged in "racial discrimination." In the now-blocked executive order, Trump specifically singled out attorney Andrew Weissmann, a Jenner employee who served as a lead prosecutor in Robert Mueller's special counsel's office, which investigated Trump's ties to Russia in 2016. The order described Weissmann's career as "rooted in weaponized government and abuse of power." Judge Bates's ruling described Trump's order and the subsequent legal battle over its legality as "no run-of-the-mill retaliation case," adding that the president "has displayed a great deal of animosity toward Jenner." "Further adverse actions would not be shocking — and could very well offend the Constitution as plainly as Executive Order 14246 does," Bates wrote. "But Article III requires this Court to place its faith in future courts to prevent harm from befalling Jenner if and when that occurs." Read the original article on Business Insider
Wall Street Journal
23-05-2025
- Business
- Wall Street Journal
Trump's Campaign Against Elite Law Firms Suffers Another Defeat in Court
In a matter of weeks, President Trump's campaign against the legal industry racked up commitments from law firms to provide some $1 billion in pro bono work for causes favored by the White House. In court, the effort has met a much different fate: One gut punch after another. The latest blow landed Friday, when a federal judge in Washington struck down Trump's executive order against the law firm Jenner & Block. The ruling from U.S. District Judge John Bates extended a string of defeats the administration has suffered against law firms that have challenged executive orders targeting their businesses.
CNN
23-05-2025
- Business
- CNN
Federal judge overturns Trump's executive order targeting law firm Jenner & Block
A federal judge on Friday struck down an executive order signed by President Donald Trump earlier this year targeting the law firm Jenner & Block, ruling the effort ran afoul of the Constitution's First Amendment. The decision from US District Judge John Bates in Washington, DC, represents the second time in recent weeks a judge has thwarted Trump's attempt to retaliate against a top law firm. 'This order, like the others, seeks to chill legal representation the administration doesn't like, thereby insulating the Executive Branch from the judicial check fundamental to the separation of powers,' Bates, an appointee of former President George W. Bush, wrote in the ruling. 'It thus violates the Constitution and the Court will enjoin its operation in full.' 'The challenged executive order targets Jenner for what it has said and thereby attempts to dampen what it might yet say. That is unconstitutional under any view of the First Amendment,' the judge concluded. The order from Trump targeting Jenner & Block instructed federal agencies to terminate contracts with the firm and its clients, limited the firm's access to federal officials and buildings and suspended the security clearances for attorneys at the firm. Shortly after the law firm sued, Bates paused parts of the order while the case unfolded. But his new ruling goes significantly further by overturning every part of the order. Earlier this month, another judge in Bates' courthouse similarly overturned a separate order from the president that targeted the firm Perkins Coie. Several other cases brought by other firms facing a retaliatory executive order are still pending.
CNN
23-05-2025
- Business
- CNN
Federal judge overturns Trump's executive order targeting law firm Jenner & Block
A federal judge on Friday struck down an executive order signed by President Donald Trump earlier this year targeting the law firm Jenner & Block, ruling the effort ran afoul of the Constitution's First Amendment. The decision from US District Judge John Bates in Washington, DC, represents the second time in recent weeks a judge has thwarted Trump's attempt to retaliate against a top law firm. 'This order, like the others, seeks to chill legal representation the administration doesn't like, thereby insulating the Executive Branch from the judicial check fundamental to the separation of powers,' Bates, an appointee of former President George W. Bush, wrote in the ruling. 'It thus violates the Constitution and the Court will enjoin its operation in full.' 'The challenged executive order targets Jenner for what it has said and thereby attempts to dampen what it might yet say. That is unconstitutional under any view of the First Amendment,' the judge concluded. The order from Trump targeting Jenner & Block instructed federal agencies to terminate contracts with the firm and its clients, limited the firm's access to federal officials and buildings and suspended the security clearances for attorneys at the firm. Shortly after the law firm sued, Bates paused parts of the order while the case unfolded. But his new ruling goes significantly further by overturning every part of the order. Earlier this month, another judge in Bates' courthouse similarly overturned a separate order from the president that targeted the firm Perkins Coie. Several other cases brought by other firms facing a retaliatory executive order are still pending.
Yahoo
15-05-2025
- Business
- Yahoo
Nutex Health Inc (NUTX) Q1 2025 Earnings Call Highlights: Revenue Surge and Strategic Expansion ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nutex Health Inc (NASDAQ:NUTX) reported a significant increase in total revenue for Q1 2025, reaching $211.8 million, a 214% increase from the previous year. The company achieved a 20.5% increase in total patient visits, indicating strong demand for its services. Net income attributable to Nutex Health Inc (NASDAQ:NUTX) was $14.6 million, a substantial improvement from a loss in the previous year. The arbitration process has been successful, with an 80% win rate, leading to increased facility collections by 200-300% compared to initial insurance payments. Nutex Health Inc (NASDAQ:NUTX) plans to open three additional hospitals in 2025, expanding its microhospital model in high-demand markets. The arbitration process, while beneficial, involves high monetary costs and extended time to receive payments, which could impact cash flow. Despite improvements, the company is not yet at a steady state with its arbitration process, indicating potential volatility in future quarters. Labor costs increased by 29%, driven by higher volumes and the opening of new hospitals, which could pressure margins. The company faces challenges in expanding its hospital network due to the time-intensive nature of building new facilities from the ground up. There is no current penalty for insurance companies that delay payments, which could affect the timeliness of revenue realization. Warning! GuruFocus has detected 8 Warning Signs with NUTX. Q: Can you provide more clarity on the arbitration process and its impact on cash flow? A: John Bates, CFO, explained that while they are still in the early stages of the arbitration process, they are beginning to see more predictable patterns. The reimbursement rates have shown improvement, and while they are not yet at a steady state, the trend is positive. The company expects further clarity as they continue to gather data over the next few quarters. Q: With the cash reserves growing, what are your plans for capital deployment? A: Tom Vo, CEO, mentioned that they are considering several options, including opening new hospitals, investing in population health, and potentially acquiring smaller hospitals. They are also considering shareholder returns through dividends or share buybacks, but the focus remains on maximizing shareholder value. Q: How is the addition of new arbitrators expected to impact the arbitration process? A: John Bates, CFO, noted that the addition of new arbitrators is expected to help alleviate the backlog in the arbitration process. This should improve the timeliness of payments and overall efficiency, which is beneficial for the company. Q: Are you operating at a steady run rate in terms of acuity mix and inpatient volume? A: Tom Vo, CEO, and Josh Deilio, COO, indicated that while they have room to grow in inpatient capacity, they are adding specialists to manage more complex cases. They expect continued growth in acuity and inpatient volumes as they enhance their capabilities. Q: Is there a penalty payment included in arbitration settlements, and how might this affect future revenue comparisons? A: John Bates, CFO, clarified that currently, there is no penalty for late payments in arbitration settlements. However, proposed legislation could introduce penalties, which would improve payment timeliness. This change could impact future revenue comparisons if implemented. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
