1 00:00:00.400 --> 00:00:03.200 Which on let's talk a little bit about the lawsuit the lawsuits the 2 00:00:03.200 --> 00:00:07.700 lawsuit itself knowing and going into California 3 00:00:06.700 --> 00:00:11.100 speaking specifically about California. What 4 00:00:09.100 --> 00:00:12.400 was your first thought when when 5 00:00:12.400 --> 00:00:13.800 you heard about that? 6 00:00:17.500 --> 00:00:20.000 That's a good question. So you and I 7 00:00:20.200 --> 00:00:23.700 have spoken quite a bit about the complexity of the California disclosure 8 00:00:23.700 --> 00:00:26.200 law saying everyone needs to know about it. It's not what 9 00:00:26.200 --> 00:00:29.400 you think. It's more than just a form, you know, blah blah 10 00:00:29.400 --> 00:00:32.100 over and over and over, you know, we start to sound like 11 00:00:32.100 --> 00:00:35.900 a broken record and some people that I have personally spoken 12 00:00:35.900 --> 00:00:38.500 to have expressed that they are very excited for the 13 00:00:38.500 --> 00:00:41.500 laws implementation. Perhaps not fully aware 14 00:00:41.500 --> 00:00:44.800 of some of the consequences of even just complying 15 00:00:44.800 --> 00:00:47.700 with it. Yeah, it could mean increase cost in 16 00:00:47.700 --> 00:00:50.300 having to comply it's more than just a form. I 17 00:00:50.300 --> 00:00:53.200 think there was this large impression that you just got to add a form into the 18 00:00:53.200 --> 00:00:56.600 slip that form in yeah long as they got that form you're in 19 00:00:56.600 --> 00:00:59.800 compliance and I think we were trying to also nail 20 00:00:59.800 --> 00:01:02.700 down the fact that if you comply with 21 00:01:02.700 --> 00:01:05.400 parts of this law you could be opening yourself to 22 00:01:05.400 --> 00:01:08.600 up to some exposure or liability liability in other 23 00:01:08.600 --> 00:01:08.800 places. 24 00:01:10.300 --> 00:01:10.400 And so 25 00:01:11.300 --> 00:01:14.400 You know, it's one thing to voice all these concerns. We were 26 00:01:14.400 --> 00:01:17.300 kind of communicating concerns that we have heard or maybe other people have 27 00:01:17.300 --> 00:01:20.300 shared from with us from around the industry. And of course, I guess 28 00:01:20.300 --> 00:01:23.200 it's all culminated into a lawsuit that was filed by 29 00:01:23.200 --> 00:01:26.300 a trade Association that for the first time I guess you 30 00:01:26.300 --> 00:01:29.900 could say further legitimizes the arguments that 31 00:01:29.900 --> 00:01:32.700 have had been made it's one thing to make the 32 00:01:32.700 --> 00:01:35.700 to make the complaint verbally, it's 33 00:01:35.700 --> 00:01:38.900 another thing to say, we truly believe that this 34 00:01:38.900 --> 00:01:41.100 is not only wrong and incorrect, but 35 00:01:41.100 --> 00:01:44.400 we feel it's a violation of the law. And so we 36 00:01:44.400 --> 00:01:47.700 actually have to bring this suit so, you know 37 00:01:47.700 --> 00:01:50.600 the organization that brought the suit, you know, 38 00:01:50.600 --> 00:01:53.300 they didn't seem too eager to talk to me about it. 39 00:01:53.300 --> 00:01:56.700 It's just kind it's something I I found. Yeah 40 00:01:56.700 --> 00:01:59.300 my own it didn't send it to me something. I found 41 00:01:59.300 --> 00:02:02.800 on my own. I asked them about it. I did get a comment about it. I 42 00:02:02.800 --> 00:02:05.300 didn't look like they were looking for too much people stay 43 00:02:05.300 --> 00:02:08.400 around this thing, but it just reiterates what 44 00:02:08.400 --> 00:02:10.800 you and I have spoken about here and I hope 45 00:02:11.300 --> 00:02:14.600 For those people that read it, they further understand 46 00:02:14.600 --> 00:02:17.500 the issues controversies and 47 00:02:17.500 --> 00:02:20.200 challenges that we have been talking about for the last at this 48 00:02:20.200 --> 00:02:23.400 point couple years about not only the California disclosure law, 49 00:02:23.400 --> 00:02:26.300 but also perhaps what is in store for States like 50 00:02:26.300 --> 00:02:29.100 New York, which is going to implement its own. 51 00:02:29.900 --> 00:02:32.300 So if you haven't read it, you can find a 52 00:02:32.300 --> 00:02:36.200 copy of that lawsuit on the dbank website, you 53 00:02:35.200 --> 00:02:38.500 know, and it kind of stands on its on 54 00:02:38.500 --> 00:02:41.600 its own as to what the background is a Johnny 55 00:02:41.600 --> 00:02:44.200 mentioned they bring up the First Amendment which is 56 00:02:44.200 --> 00:02:47.300 interesting. Yeah, and also that 57 00:02:47.300 --> 00:02:48.300 potentially the law. 58 00:02:49.300 --> 00:02:50.800 conflicts with Tila 59 00:02:51.400 --> 00:02:54.400 and this creates challenges and problems for them. So 60 00:02:54.400 --> 00:02:57.100 we'll see what happens with it. The law goes into 61 00:02:57.100 --> 00:03:00.300 effect no matter what in three days. So if you read 62 00:03:00.300 --> 00:03:03.400 it, you're like, oh they're gonna stop the the law from going into effect. I don't 63 00:03:03.400 --> 00:03:06.600 know that there's enough time for any of that stuff to happen. Yeah, we 64 00:03:06.600 --> 00:03:09.600 all need to prepare for the law going into effect on December 9th. 65 00:03:09.600 --> 00:03:12.200 Regardless. Yeah, but perhaps go in with 66 00:03:12.200 --> 00:03:15.400 the more open mind as to what the ramifications and 67 00:03:15.400 --> 00:03:18.900 potential consequences could be by complying with California's 68 00:03:18.900 --> 00:03:21.700 law. A lot of people out there wanna be a good actor and they 69 00:03:21.700 --> 00:03:24.200 want to do all the right things and I gather by reading this, 70 00:03:24.200 --> 00:03:27.100 you know lawsuit that yes a members and anyone else 71 00:03:27.100 --> 00:03:30.500 in the industry also wants to do the right thing and be good actors. However, 72 00:03:30.500 --> 00:03:33.300 the way the law is written opens up people to 73 00:03:33.300 --> 00:03:35.900 potential liability for doing the right thing. Yeah.