What Gorsuch Means for Business, Regulators

first_img Previous: CFPB Director to Address Industry Leaders at Five Star Government Forum Next: Positive Job Report to Lead to Supply, Rate Increases The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save February 2, 2017 1,173 Views Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Neil GorsuchJudge Neil Gorsuch, President Donald Trump’s choice to take the open Supreme Court seat left by the late Antonin Scalia, has modeled his career as a jurist on his late predecessor’s. That spells good news for American business but bad news for independent administrative agencies.Gorsuch is more well known for his writing on subjects including religious liberty and euthanasia, less so for business law. Looking at his past rulings, however, shed light on a history friendly to business and suggest corporations may soon have a friend on the Supreme Court.Reports from the Wall Street Journal show Gorsuch opposing class action lawsuits over alleged violations of securities law, which he referred to as “opportunistic shakedowns” by lawyers. Other previous cases show Gorsuch to be likely to force more consumers to resolve disputes with companies through arbitration rather than the court system.Gorsuch’s questioning of the “Chevron deference” doesn’t bode well for administrative agencies like the Environmental Protection Agency, Federal Communications Commission, or the Consumer Finance Protection Bureau. The Chevron deference is considered a cornerstone of administrative law which states when a given law or rule is unclear, the courts should defer to the agency in question as they are presumably expert.Critics of the concept, including Gorsuch, argue it give too much power to administrative agencies and shields them from proper judicial oversight.Gorsuch believes “broadly worded enforcement statutes” have meanings that can be understood from their texts without interpretation.As much as Gorsuch follows Scalia’s example, he differed in that Scalia supported Chevron as “important for maintaining the smooth functioning of the administrative state,” according to a Forbes report.Gorsuch is one of a small group of judges beginning to question the constitutionality of the power of and the deference to unelected bureaucrats. Judge Brett Kavanaugh of the D.C. Circuit Court of Appeals wrote a decision last year declaring the structure of the Consumer Financial Protection Agency unconstitutional, a decision leading to an ongoing court battle involving several attorneys general and Democratic lawmakers coming to the defense of the CFPB. Sign up for DS News Daily Subscribe Phil Banker began his career in journalism after graduating from the University of North Texas. He has covered a number of communities across Texas and southern Oklahoma, writing news and sports for publications including the Ardmoreite, Ennis Daily News and the Plano Star-Courier. He is currently a contributor to DS News and The MReport. About Author: Phil Banker Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / What Gorsuch Means for Business, Regulators  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago 2017-02-02 Phil Banker Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, Headlines, News What Gorsuch Means for Business, Regulatorslast_img read more

Premier agrees Brookes Avana sale

first_imgPremier Foods has announced it has reached an agreement to sell its Brookes Avana business to Solways Foods, part of 2 Sisters Food Group for a cash consideration of £30m.Brookes Avana consists of RF Brookes chilled foods and Avana Bakeries, with the sale marking the next step in Premier’s stategy to streamline the group’s portfolio. Premier announced in October that it would be focusing investment behind eight Power Brands, including Hovis and Mr Kipling, and would dispose of selected businesses “further enabling it to deleverage the business”. Michael Clarke, chief executive officer, Premier Foods, commented: “The sale of Brookes Avana underlines our commitment to focus the business on growing a smaller number of brands. Brookes Avana will have a better opportunity to grow with 2 Sisters Food Group given their focus in the chilled food sector. I wish them every success in the future.”Ranjit Singh, chief executive, 2 Sisters Food Group, added: “We are delighted to reach agreement on the proposed acquisition of Brookes Avana. The business has a strong track record in delivering high-quality products for its customers and would provide a growth platform for 2 Sisters and increased product diversity to serve every eating occasion.”He said it was an excellent strategic fit and, following completion, the firm would focus on delivering growth opportunities and enhancing the performance of the business.The sale includes the three Brookes Avana sites at Newport (RF Brookes and Avana Bakeries) and Leicester (RF Brookes). It is intended that all of the employees – numbering just over 2,000 – will transfer with the business following appropriate discussions with them and their representatives.In addition, Premier announced it had also entered into manufacturing agreements with 2 Sisters in relation to certain products currently produced by the Brookes Avana business.For the year ended 31 December 2010, Brookes Avana reported a turnover of £203.6m and a trading loss of (£0.1m). At the half year, ended 25 June 2011, it reported a trading loss of (£13.3m).last_img read more

Odion Ighalo ready to face Leicester despite injury

first_img Ighalo limped off with a dead leg in Watford’s win at West Ham after a heavy challenge from James Collins, but the Nigerian striker will be fit to face the high-flying Foxes. Jose Manuel Jurado, who has not featured since September with a hamstring injury sustained in training, remains sidelined. Tommie Hoban (groin) and Joel Ekstrand (knee) are long-term absentees. Provisional squad: Gomes, Arlauskis, Gilmartin, Nyom, Cathcart, Prodl, Ake, Paredes, Britos, Holebas, Belkalem, Capoue, Behrami, Dyer, Watson, Guedioura, Anya, Jurado, Layun, Berghuis, Pudil, Behrami, Abdi, Oulare, Diamanti, Ighalo, Deeney. Press Associationcenter_img Watford’s top scorer Odion Ighalo will be available for his side’s Barclays Premier League trip to Leicester on Saturday.last_img read more