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What the Let Kids Play Act Could Mean for Private Investment in Youth Sports

The Let Kids Play Act is the first attempt by federal lawmakers to address growing issues and concerns around the $40 billion-plus U.S. youth sports ecosystem. We’ve been following this bill closely for professional and personal reasons: We are transactional lawyers who guide private equity clients through significant deals and fundraising, and we are each the parent of three children who are competitive student-athletes.

If enacted, the Let Kids Play Act would be the very definition of a game-changer for youth sports. So how did we get here?

Litigation Between Former Prop Firm Biz Partners Ends with Public Apology, Stipulated Judgment

A fight between two former business partners who made tens of millions of dollars together building a futures prop firm in Austin before the relationship soured and spilled into separate fights in state and federal court in Texas recently ended in rare fashion. The plaintiff, Leo Riot, who in December 2024 had accused Darrell Martin and John Skelton, his former partners at Apex Trader Funding, of defrauding him, breaching contracts and misappropriating his intellectual property issued a public statement in August conceding none of his claims were true.

SCOTX Asked to Revive Suit Against Gateway Church, Morris, Elders

The appeal to the Texas Supreme Court comes about a month after the Fifth Court of Appeals in Dallas determined the ecclesiastical abstention doctrine required the dismissal of nearly all the claims Cindy Clemishire brought against Robert Morris, Gateway Church and three of its elders. Clemishire argued that ruling transformed the doctrine from “a tool of qualified restraint to a totalizing shield that leaves churches immune from judicial oversight.”

Jury Awards More than $10M in Retaliation, Defamation Case

A Fort Worth jury found Trinity Valley School liable for defamation and retaliation and awarded its former human resources director more than $10 million in damages earlier this month. Carrie Skains sued her former employer in December 2024 for sex discrimination, retaliation and defamatory statements that claimed she kept information about a teacher who exposed himself to children in order to protect him.

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