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TLR Weekly News Roundup: September 24, 2025

TLR Weekly News Roundup: September 24, 2025

Trial Lawyer Lawfare vs. Trump’s Policy Revolution

FOX NEWS

What happened: President Donald Trump’s second-term agenda is facing an aggressive campaign of “lawfare” from Democrat-aligned, activist attorneys who are working to block key reforms in the courts—all while collecting oversized legal fees. Read more

Tell me more: Most recently, trial lawyers’ deliberate weaponization of the law has come for an Executive Order (EO) signed by President Trump back in August. The EO, which aims to democratize access to alternative assets in 401(k) plans, would greatly benefit everyday Americans who save for retirement through traditional 401(k) plans. 

  • Trial lawyers, however, are already plotting against this meaningful reform in an effort to extract multimillion dollar settlements. A prominent plaintiffs’ lawyer stated recently to Bloomberg Law: “I would joke and say that I hope employers add alternative investments, because I have some kids I need to put through college.”

TLR Thoughts: The plaintiffs’ bar’s well-coordinated effort threatens to undermine President Trump’s conservative, policy revolution—which is squarely focused on delivering for the working women and men whose interests have been long ignored. In Texas, TLR will continue to advocate for commonsense reforms that stop lawsuit abuse from being used as a political weapon, and which protect Trump’s consumer-first agenda.

PACT Video: "Billboard Lawyers Ruin Everything" Episode 1, Childhood

Personal Injury Lawyers Flaunt Cash After PPP Loans Forgiven

LEGAL NEWSLINE

What happened: Law firms across the country collected millions in forgiven taxpayer-funded Paycheck Protection Program loans during the COVID-19 pandemic—funds primarily intended to keep small businesses afloat during the public health emergency. Soon after, some of the nation’s largest personal injury firms started spending big on billboards, campaign contributions and luxury perks, raising ethical questions about the intended use of the relief funds. Read more

By the numbers: 

  • During the pandemic and just after it, legal advertising spending surged across the country from roughly $1.89 billion in 2020 to over $2.35 billion by 2022.
     
  • In the 2020 election cycle, according to OpenSecrets.org, Morgan & Morgan was responsible for $2,632,578 in campaign donations primarily to Democratic candidates. That was up from $651,179 in 2018 and up from $1,595,742 in the 2016 presidential cycle.
     
  • In 2023, Las Vegas attorney Steven Dimopoulos posted a video on Instagram of him eating caviar and drinking from a bottle of Louis XIII Cognac, which retails for more than $5,000 a bottle, with the caption “another day, another 900k.” The Dimopoulos Law firm had its nearly $400,000 PPP loan forgiven in 2021. 

TLR Thoughts: This pattern shows once again how certain personal injury trial lawyers exploit loopholes and take advantage of the system for their own personal and political gain. TLR will continue advocating for reforms that serve hardworking Texas families—not the plaintiffs’ bar’s pocketbook.

‘Y’all Street’ Is Booming: What Financial Giants Like Goldman Sachs and Bank of America Are Building in Texas

BUSINESS INSIDER

What happened: Banks and financial institutions are rapidly expanding their presence in Texas, attracted by low taxes, business-friendly regulations and a lower cost of living. Read more

Tell me more: Financial firms are building large campuses, regional offices and headquarters in the Dallas-Fort Worth area, bringing thousands of jobs and modern amenities to the region.

  • This growth reflects a broader trend of major financial institutions moving operations away from traditional hubs like New York and Chicago.

TLR Thoughts: Texas’s growing financial sector shows how states can attract investment by fostering a competitive, business-friendly environment. During the 2025 Texas Legislative Session, Governor Greg Abbott signed into law a series of pro-growth business legislation aimed at keeping Texas the reining and repeating champion for doing business in the US. Among the meaningful reforms enacted was TLR-supported Senate Bill 29, which ensures that Texas courts will not second-guess corporate boards and limits the ability of lawyers to pursue abusive shareholder derivative actions.