The State AG Report – 5.23.2024

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New York AG Secures Record $2 Billion Settlement in Crypto Case

New York AG Letitia James secured a $2 billion settlement with Genesis Global Capital, LLC, and related entities, to resolve allegations that the bankrupt cryptocurrency firms defrauded investors, violating the Martin Act and New York Executive Law.
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Dan Rayfield and Will Lathrop to Face Off for Oregon AG

Following Oregon’s May 21 primary, former House Speaker Dan Rayfield secured the Democratic nomination for AG, while former prosecutor Will Lathrop won the Republican nomination.
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New Jersey and Texas Ramp up Regulatory Enforcement Teams

Both the Texas and New Jersey AG offices have made moves to bolster their regulatory enforcement teams.
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Democratic AGs Lend Unwavering Support to Efforts to Waive or Reduce Student Debt

A coalition of 19 Democratic AGs is calling on the U.S. Department of Education to move quickly to implement its proposed regulations that would waive or reduce student loan repayment for certain groups of federal student loan borrowers.
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SCOTUS Upholds Constitutionality of CFPB’s Funding Mechanism

The U.S. Supreme Court issued an opinion in CFPB v. Cmty. Fin. Servs. Assn. of Am., Ltd. upholding the funding structure of the CFPB.
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GOP AGs Extend a Hand in Fighting EEOC on Alleged Title VII Overreach

A group of 18 Republican AGs sued the Equal Employment Opportunity Commission over its Enforcement Guidance on Harassment in the Workplace which informs employers that failing to accommodate their employees’ gender identities violates Title VII.
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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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