@sharpie_eraser

1L at NYLS | prev. finance

 NYC
boredofestimates.com
Joined July 2021
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147Media
A Staten Island judge has ruled against the DOT's Victory Blvd bus lanes, saying they "haphazardly disregarded its own research-backed guidelines" and it's "too dangerous to justify its existence" The 10.5' width is below the DOT's Street Design Manual recommended 11' minimum
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It's unclear what this means for the already completed portions Full order is here - iapps.courts.state.ny.us/nys… DOT presentation is here - nyc.gov/html/dot/downloads/p…
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Per Hanna's affidavit in the KCDCC dispute, former Tresurer (Jean Joseph) and 6th Vice Chair (Debbie Louis) both resigned The respondents said this was due to threats against them, while Hanna claimed it was in recognition of the unlawfulness of the purported exec cmte
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Full affidavit here - iapps.courts.state.ny.us/nys…
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Judge has signed Velazquez's TRO against the KCDCC Exec Cmte, restraining Lucas, et al from - giving effect to Oct 25 meeting - allowing Ken Farrell to act as treasurer - using party funds - holding Oct 27 meeting - changing party rules - destroying records Hearing on Oct 29
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Full filing here - iapps.courts.state.ny.us/nys…
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Watch for an "appeal" to vacate or modify the TRO, particularly the bank account freeze part In the prior case, respondents were appealing the judge's decision. This is just a TRO which I don't think is appealable as of right, and with a hearing in just 3 days, it's a hard sell
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Tom Flaschen retweeted
Sahalie Donaldson@SahalieDOct 23
As the legal battle to determine who leads the party rolls on, Brooklyn Dems' executive committee received notice last night from AM Nikki Lucas – AM Rodneyse Bichotte Hermelyn's handpicked successor – that she was setting a meeting for Oct. 27 to vote on two new rule changes.
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The group claiming to be the KDCC Exec Cmte held a meeting last night to elect Ken Farrell as Treasurer, in advance of the tmrw's rule change meeting in preparation to remove Chair Velazquez The chair is seeking a new TRO to block these and any financial dealings in the interim
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Clearly there's worry about what's happening with the KDCC bank accounts right now Petitioners are also likely correct that the earlier TRO against the KDCC Exec Cmte should not have expired, however this judge held otherwise xitter.cf/sharpie_eraser/status/…
Tom Flaschen@sharpie_eraserOct 23
Replying to @sharpie_eraser
The issue is that the OSC's language appears to conflict with itself, and the judge seems to have chosen the preamble language that terminates on hearing, rather than ordinal paragraphs that terminate on determination
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I regrettably buried the lede on this, which is the TRO has expired
Tom Flaschen@sharpie_eraserOct 21
Some decisions in the Kings County Dem Cmte fight - Permitted Lucas and RBH to intervene - Denied dismissal for failure to join necessary parties - Denied disqualification of Velazquez's lawyers No decision on Sep 23 rule votes or the Oct 4 meeting iapps.courts.state.ny.us/nys…
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The TRO is no longer in effect, per the Oct 21 decision That reading of the OSC is debatable, but plaintiffs would need to raise it
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The issue is that the OSC's language appears to conflict with itself, and the judge seems to have chosen the preamble language that terminates on hearing, rather than ordinal paragraphs that terminate on determination
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Tom Flaschen retweeted
Jay Martin 🪾
@jaymart222Oct 23
James Dolan is approaching Bond Level evil and it’s no surprise his political leanings shift based on the last person to promise giving him a highly lucrative tax break.
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Tom Flaschen retweeted
Dan Clark
@DanClarkReportsOct 22
New York's highest state court, the Court of Appeals, is staying out of the Brooklyn Dems leadership fight for now, it decided this morning.
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Foreign sovereign debt holdings of the NY state and city pension funds, as of most recent filings
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Decisions are made by the comptrollers of the city and state, as bound by state laws on permitted investments A starting point for the relevant laws are NY RSSL § 177 and BANK § 235, the latter of which has a specific careveout for State of Israel bonds in subsection 28-a
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More generally, there is a basket that allow investments into a wide range of assets that don't otherwise fit the investment criteria, so long as it doesn't get too big Private equity investments are a good example of what goes into that basket
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