SCOTUS appeal: Twenty-three states are asking the U.S. Supreme Court to overturn a lower court decision that the attorneys general say could be a threat to the energy industry. A brief filed this week by Louisiana Attorney General Liz Murrill and 22 other attorneys general calls on the U.S. Supreme Court to throw out the decision involving a proposed rail line, saying that it is as much about “federalism and state sovereignty as it is about environmental law.” Read more from The Center Square.
Prolonging cases: The Louisiana Supreme Court expressed extreme displeasure with state Sen. Alan Seabaugh for leveraging his role as a state lawmaker to prolong an automobile accident lawsuit for years. But the justices didn’t appear convinced the law allowing legislators who are attorneys, like Seabaugh, to delay court proceedings should be declared unconstitutional. Read the full story from Louisiana Illuminator.
The next big thing: Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. Projected to have more assets than hedge funds in the coming years, family offices have become the new stars of fundraising, with venture capital firms, private equity interests and private companies all competing to capture a slice of their rising wealth. Read more from CNBC.
