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GLOW Applauds Federal Court Sanctions Against the Executive Branch Lawyers Behind the Collusive Trump v. IRS “Settlement”; Sanctioned Attorneys’ Conduct Will Be Documented in the Government Lawyers Database

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SACRAMENTO, Calif., July 14, 2026 /PRNewswire/ — GLOW – Government Lawyers Oversight Watchdog, the first-ever non-profit dedicated to documenting the conduct of executive branch attorneys, issued the following statement regarding yesterday’s sanctions Order by U.S. District Judge Kathleen M. Williams of the Southern District of Florida in Trump v. Internal Revenue Service, No. 1:26-cv-20609-KMW (S.D. Fla. July 13, 2026).

In January 2026, President Trump — joined by Donald Trump Jr., Eric Trump, and The Trump Organization, LLC — sued the IRS and the Treasury Department, two agencies he controls as head of the Executive Branch, demanding at least $10 billion over the unlawful disclosure of his tax information by IRS contractor Charles Littlejohn. The Department of Justice, which the Court observed has “zealously defended” materially identical claims brought by other plaintiffs, never entered an appearance for the government, never raised the obvious statute-of-limitations and damages defenses its own lawyers had raised elsewhere, and never filed a single pleading. When the Court demanded briefing on whether it even had jurisdiction over a case in which the plaintiff controls the defendants, the parties instead dismissed the case and announced a purported “settlement”: a formal apology from the United States and a $1.776 billion “Anti-Weaponization Fund” to be drawn from the Treasury’s Judgment Fund. The next day, Acting Attorney General Todd Blanche issued a unilateral “Release Order” purporting to immunize President Trump, his family, his companies, and his affiliates from “any and all claims” and from future IRS audits.

Yesterday the Court held that the parties were never adverse — the Lead Plaintiff and the Government are one — and found that the lawsuit was pursued “in bad faith for the improper purpose of dishonestly advancing a political narrative” and “to gain the imprimatur of judicial legitimacy for a ‘settlement’ that had no viable basis in law or fact.” “It is risible,” the Court wrote, “to suggest that there was ever adverseness between the Parties.”

“This Order confirms what GLOW was founded to expose: government lawyers who abandon their duty to the public in order to serve the personal interests of the powerful,” said Omri Marian, GLOW’s President. “The Department of Justice does not represent the President’s personal fortune; it represents the American people. When the nation’s most senior lawyers sign away $1.776 billion in taxpayer money in a deal benefitting their own former clients — and then tell Congress ‘there is no judge’ available to review it — that is not lawyering. It is a betrayal of the profession’s most basic obligations, and we are grateful the Court refused to look away.”

Lawyers Reprimanded by the Court

Todd Blanche — Acting Attorney General of the United States (N.Y. Bar No. 4192456). Mr. Blanche leads the Department of Justice, the office charged with defending the United States in court, and was nominated by President Trump on June 8, 2026, to hold the position permanently; before joining the administration, he served as President Trump’s personal criminal defense lawyer in the Mar-a-Lago classified documents case, the federal election-obstruction case, and the New York “hush money” prosecution. According to the Court, rather than recuse from a matter involving his former client — as DOJ has said he does in other ongoing matters — or direct any defense of the United States, Mr. Blanche signed the purported “settlement agreement” committing $1.776 billion in taxpayer funds; issued, over his signature alone, a “Release Order” purporting to confer blanket immunity on the Trump family and bar future IRS audits of them, a provision the Court found “directly contravenes” 26 U.S.C. § 7217’s prohibition on executive branch interference with audits; and told Congress that “there is no judge” and “no mechanism” to review the deal — testimony the Court described as “at best, misleading and, at worst, disingenuous.” His subsequent unilateral repudiation of the Fund demonstrated, in the Court’s words, “that there was only one party whose interests were being represented throughout this case.” Having found the government’s abdication of its duties “untenable” and part of the bad-faith conduct triggering its inherent sanctioning authority, the Court directed the Clerk of Court to mail a copy of the sanctions Order to the State Bar of New York, of which Mr. Blanche is a member, placing his conduct squarely before his licensing authority.

Stanley Woodward, Jr. — Associate Attorney General of the United States (D.C. Bar No. 997320). Mr. Woodward is the third-ranking official at the Department of Justice. Before entering government service, he represented multiple defendants criminally charged in connection with the January 6, 2021 attack on the U.S. Capitol, as well as Walt Nauta, President Trump’s personal aide and co-defendant in the Mar-a-Lago documents case. The Court found that Mr. Woodward signed the purported “settlement agreement” on behalf of the United States even though the “gravamen” of that agreement is to fund claims arising from, among other things, January 6 and the Mar-a-Lago prosecution — matters the administration itself has held out as quintessential “weaponization” and “lawfare” claims. Rather than recusing or vigorously defending the lawsuit as DOJ policy requires, the Court found, Woodward was one of the lawyers who “agreed to a ‘settlement’ involving a staggering amount of money potentially benefitting former clients,” conduct the Court analyzed under the conflict-of-interest rules governing lawyers who move between private clients and government office. The Court directed the Clerk of Court to mail a copy of the Order to the District of Columbia Bar, of which Mr. Woodward is a member and where, as the Court noted, disciplinary proceedings against him are already ongoing.

Daniel Epstein — Counsel to Plaintiffs; former White House Senior Associate Counsel (D.C. Bar No. 1009132). Mr. Epstein served in the first Trump administration as White House Senior Associate Counsel and Special Assistant to President Trump from 2017 until 2020, and has since represented President Trump in a series of private lawsuits. In this case, the Court found, Mr. Epstein was listed on the Complaint as plaintiffs’ co-counsel with a pro hac vice application described as “forthcoming” that was never filed — leading the Court to conclude that he “was aware that he would never need to appear and litigate the merits of Plaintiffs’ claims.” He nonetheless conferred with unidentified “counsel” for the government on the only substantive motion filed in the case, and then signed the purported “settlement agreement” on Plaintiffs’ behalf despite never being counsel of record. The Court further observed that the deal’s audit-termination and immunity provisions transgress legal limits “surely known by former White House Counsel,” including 26 U.S.C. § 7217 and the Constitution Article II’s prohibition on a President receiving emoluments from the United States beyond his fixed compensation. As a Rule 11 sanction, the Court ordered that all of Mr. Epstein’s future applications for pro hac vice admission in the Southern District of Florida be denied for one year or until further order of the Court; as Plaintiffs’ counsel, he also falls within the scope of the monetary sanctions the Court found appropriate under its inherent authority.

Alejandro Brito — Counsel of Record for Plaintiffs (Fla. Bar No. 98442). Mr. Brito has never held a position in the federal government; his involvement with the Executive Branch however, is extensive and runs through his clients — the sitting President, the President’s sons, and the Trump Organization — in a lawsuit the Court found was, in substance, the Executive Branch suing itself. As the only attorney who signed the Complaint, Mr. Brito certified under Rule 11 that it was not presented for any improper purpose. The Court found precisely the opposite: Plaintiffs asserted claims they “knew, or should have known, were time-barred,” demanded $10 billion that bore no connection to the governing statute’s $1,000-per-violation damages measure, and — in the words of the non-party movants’ summary, which the Court expressly adopted — acted in bad faith by “collusively filing a lawsuit with claims subject to multiple dispositive defenses solely to provide cover for a collusive settlement.” Mr. Brito’s name also appears on the purported “settlement agreement,” though he did not sign it. As a Rule 11 sanction, the Court referred Mr. Brito to The Florida Bar “for its consideration, review, and determination as to whether any disciplinary action is appropriate,” directing the Clerk of Court to mail the Order to the Bar; as counsel of record for Plaintiffs, he likewise falls within the monetary sanctions the Court found appropriate under its inherent authority.

Beyond these individual measures, the Court prohibited all parties — including the United States — from ever referring to, using, offering, admitting, or citing the purported “settlement agreement” in any judicial, administrative, regulatory, arbitration, or other official proceeding. It also held that monetary sanctions against Plaintiffs and their counsel are warranted under its inherent authority, and invited the initial amici and the thirty-five former federal judges whose motion precipitated the Order to seek reimbursement of their attorneys’ fees within fourteen days.

GLOW’s Mission and The Court’s Order

Yesterday’s Order is a case study in why GLOW exists. The Government Lawyers Database documents precisely this conduct — legal and professional sanctions, judicial criticism, factually inaccurate statements, conflicts of interest and misuse of position, and conduct undermining the integrity of the legal profession — and the Court’s findings today implicate every one of those categories. GLOW’s volunteers will create or update database profiles for Acting Attorney General Blanche, Associate Attorney General Woodward, Mr. Epstein, and Mr. Brito, each linked to the Court’s Order and the underlying record so that researchers, reporters, state bar officials, and the public can evaluate the documents for themselves.

Just as importantly, GLOW’s mission is to celebrate integrity. GLOW commends Treasury Department General Counsel Brian Morrissey, who resigned the day the purported “settlement” was announced rather than lend it his name; the court-appointed amici curiae — John Gleeson, David A. O’Neil, Donald B. Verrilli, Jr., Faith E. Gay, Philippe Z. Selendy, and Corey Stoughton — who briefed the jurisdictional questions the parties refused to answer and declined any compensation for their service; and the thirty-five former federal judges, former government officials, Citizens for Responsibility and Ethics in Washington, and Public Citizen, whose persistence brought the collusion to light. Like the career prosecutors GLOW honored earlier this year for resigning rather than participate in the weaponization of the Department of Justice, they are the reason the rule of law endures.

“No one should mistake how rare this is: a federal court finding that the sitting leadership of the Department of Justice helped engineer a collusive attempt on the public fisc, and sending its findings to their bar regulators,” Marian added. “Those regulators now have the record in front of them. GLOW will make sure that record is preserved, sourced, and searchable — for posterity.”

Join the Mission

GLOW invites the public to:

Read the Court’s Order in Trump v. Internal Revenue Service: https://storage.courtlistener.com/recap/gov.uscourts.flsd.706172/gov.uscourts.flsd.706172.106.0.pdfVisit the Government Lawyers Database at glowlaw.org.Make a tax-deductible donation to support the database’s development, security, and expansion.Volunteer to help with legal research, writing, or web development.Join GLOW’s mailing list for updates on new profiles and accountability news.

About GLOW

GLOW – Government Lawyers Oversight Watchdog is a 501(c)(3) nonprofit organization founded in April 2025 to document the professional conduct of government attorneys and to promote commitment to the rule of law. Through the freely accessible Government Lawyers Database at glowlaw.org, GLOW compiles public, document-linked records of how lawyers have conducted themselves while serving in or representing the U.S. Executive Branch — and honors as “Defenders of the Rule of Law” those who uphold their oath, sometimes at great personal cost.

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FutureSports to create world’s first broad-based indexes on MLB team performance

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Exclusive agreement paves the way for CME FSPI baseball futures

CHICAGO, Sept. 21, 2026 /PRNewswire/ — FutureSports, the independent index administrator transforming professional and college sports statistics into rules-based, benchmark financial indexes, today announced an agreement with Major League Baseball (MLB) to create first-of-their-kind indexes on baseball team performance. Under the agreement, MLB will provide FutureSports with Official League Data that the company will use to create new broad-based CME FutureSports Performance Indexes (FSPI) on each of the 30 MLB clubs.

The agreement paves the way for CME Group to list weekly, monthly and quarterly cash-settled futures contracts, pending regulatory review, based on the CME FSPI MLB benchmarks.

CME FSPI are designed to systematically measure the cumulative performance of teams in prominent sports leagues. The play-by-play benchmark indexes will provide hedging vehicles and investment opportunities.

Rhett Dinsdale, Co-Founder of FutureSports, said: “We’re thrilled to collaborate with MLB to create indexes on America’s beloved sport. The business of baseball has grown significantly over the years, and we aim to provide a new way for the industry participants to hedge their capital exposures.”     

FutureSports and CME Group are committed to maintaining the highest standards of integrity and transparency. CME FSPI are administered using transparent, rules-based methodologies derived from Official League Data, helping ensure that index values are determined objectively and independently. FutureSports and CME Group will work with MLB on integrity matters related to CME FSPI baseball futures contracts, establishing a framework to share information in a manner consistent with applicable law. MLB will have no involvement in the determination, calculation or governance of the indexes, which are the purview of FutureSports.

FutureSports and the National Hockey League (NHL) previously announced the creation of CME FSPI based on hockey team performance, and CME Group intends to launch futures contracts on the indexes on Sept. 28, pending regulatory review.

About FutureSports

Under development since 2022 and launched in 2026, Chicago-based FutureSports has created a proprietary index methodology for measuring on-field, on-ice and on-court performance for a range of professional sporting teams and athletes. Partnering with many of the most recognizable sports leagues and financial market participants, FutureSports transforms live, play-by-play statistical data into rules-based, benchmark indexes that may be referenced by exchange-listed financial products. The indexes are designed to serve the same benchmarking function as the leading equity, commodity and fixed income indexes utilized every day across major global exchanges to track performance and hedge risk in the financial markets. FutureSports administers the indexes independently, with formal governance, oversight and methodology change procedures designed to align with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks. For more information, visit www.futuresports.com.

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A New Episode of Advancements to Broadcast on Saturday, September 26 at 8:00 p.m. ET

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Discover how new technologies, tools, and approaches are addressing some of the greatest challenges facing society today.

JUPITER, Fla., Sept. 21, 2026 /PRNewswire/ — An upcoming episode of Advancements with Ted Danson is scheduled to broadcast on Saturday, September 26, 2026, at 8:00 pm ET. Tune in to Bloomberg Television to watch.

Across four featured segments, the program examines how organizations are responding to growing demands for infrastructure, sustainability, continuous healthcare, and more adaptable industrial systems. The episode opens with a look at the evolution of construction and megaproject delivery. As demand grows for semiconductor fabrication facilities, clean energy projects, advanced manufacturing, transportation, and other infrastructure, the construction industry faces pressure to deliver projects faster and at greater scale. Watch to discover how artificial intelligence, automation, project data, and other technologies are being applied to the construction industry and are empowering a new generation of skilled craft professionals, engineers, and project managers.

The program then turns to the challenge of making food packaging more recyclable. Packaging represents roughly one-third of municipal solid waste in the United States, while food packaging presents its own challenges, because of contamination, complex materials, and recycling systems that are not always equipped to process them. The segment examines how packaging design can influence recyclability. Industry experts explore approaches involving recyclable P.E.T. packaging, pad-less tray designs, and clearer consumer disposal information designed to support better recycling outcomes and a more circular materials economy.

Healthcare is the focus of the third segment, which examines the movement from episodic care toward more continuous care. While American healthcare provides highly advanced acute and specialty services, care is frequently organized around individual encounters, such as hospitalizations, physician visits, tests, and follow-ups. Learn about the clinical “white space” between those encounters and how remote monitoring, clinical intelligence, communication, and human decision-making can work together to provide greater visibility into a patient’s health journey. The segment will share how continuous specialty care can extend beyond traditional healthcare settings and into the home and will include patient stories illustrating the potential impact of earlier intervention and ongoing support.

The episode concludes with an examination of modernizing industrial control systems. Learn why the demands of AI, advanced analytics, and cybersecurity are changing what manufacturers need from their automation systems. The show will educate about the limitations of traditional closed control architectures, including vendor lock-in and interoperability challenges, as it introduces Open Process Automation (OPA) as an approach based upon open, standards-based architectures. Viewers will see how the technology can allow hardware and software from different suppliers to work together, giving manufacturers greater flexibility to upgrade and adapt their systems over time.

This episode examines how industries are adapting established systems to meet rapidly changing demands. From construction sites and food packaging facilities to patients’ homes and industrial plants, emerging technologies are being used alongside new operating models and human expertise to improve how complex systems function,” said Dustin Schwarz, programming director for the Advancements series.

Featured segments in this episode include Bechtel, Lucid Corp, Streamcare Group, and Collaborative Systems Integration (CSI).

About Advancements:
Advancements is an information-based educational television series that explores recent developments taking place across several industries and economies. With a focus on some of the major innovations responsible for global progress today, the award-winning series goes behind-the-scenes to discover and share how technology and innovation continue to drive the world forward.

For more information, please visit
www.AdvancementsTV.com
or call 866-496-4065.

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McDermott Completes Refinancing; Strengthens Capital Structure for Continued Growth

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Refinancing includes completion of $500 million equity rights offering, $550 million Nordic bond issuance and new long-term Letter of Credit facility

HOUSTON, Sept. 21, 2026 /PRNewswire/ — McDermott International, Ltd (“McDermott” or the “Company”) today announced the successful completion of its comprehensive refinancing transaction, including a backstopped $500 million equity financing, a $550 million senior secured Nordic bond issuance and a new long-term letter of credit and guarantee facility.

The refinancing builds upon the Company’s strong operational and financial performance, including consistent project execution and disciplined bidding. This platform for long-term growth positions McDermott to execute its high-quality global backlog, pursue disciplined growth opportunities and advance its long-term strategy.

“This refinancing reflects the continued support and confidence our shareholders, lenders and bond investors have shown in our strategy, performance and future,” said Michael McKelvy, McDermott Chief Executive Officer and Chair of the Board of Directors. “We believe the successful completion of this transaction positions McDermott with the financial foundation to continue building on the momentum we’ve established through strong project delivery and a relentless focus on serving our customers.”

The completed refinancing consists of:

$500 million equity financing through a rights offering to existing shareholders, which was 97% subscribed by Class A ordinary shareholders and completed by the related backstop commitments,A $550 million senior secured bond issuance in the Nordic market due in 2031,A new long-term letter of credit and guarantee facility, andA revolving credit facility.

Collectively, these transactions are designed to extend McDermott’s maturity profile, further deleverage the balance sheet and provide long-term financing certainty.

About McDermott
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach engineered to responsibly harness and transform global energy resources into the products the world needs. From concept to commissioning, McDermott’s innovative expertise and capabilities advance the next generation of global energy infrastructure—empowering a brighter, more sustainable future for us all. Operating in over 30 countries, McDermott’s locally-focused and globally-integrated resources include more than 30,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

Forward-Looking Statements
McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties. These forward-looking statements include, among other things, statements about the expected benefits achieved through the completion of the refinancing. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: adverse changes in the markets in which we operate or credit or capital markets; our inability to successfully execute on contracts in backlog; changes in project design or schedules; the availability of qualified personnel; changes in the terms, scope or timing of contracts, contract cancellations, change orders and other modifications and actions by our customers and other business counterparties; changes in industry norms; actions by lenders, other creditors, customers and other business counterparties of McDermott and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize, or if underlying assumptions prove incorrect, actual results may vary materially from those expected. You should not place undue reliance on forward-looking statements. This communication reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

Contacts:

Global Media Relations
Reba Reid
+1 281 588 5636
RReid@McDermott.com

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