Less than 1: AM Edition, May 29

This morning on Less than 1: a federal judge in Los Angeles hears arguments in a proposed class action accusing Spotify of knowingly allowing bot-driven streaming fraud that plaintiffs say artificially inflated Drake's play counts and diluted royalties for other artists. Also: a couple displaced by the Eaton Fire sues their landlords in Los Angeles County Superior Court, alleging the defendants charged nearly $15,000 a month in rent in violation of California's post-disaster price gouging law -- as Los Angeles County prepares to let its emergency protections expire. And: the Securities and Exchange Commission proposes to rescind its 2024 climate disclosure rule, with new chair Paul Atkins arguing the regulation exceeded the agency's legal authority. Plus: a San Francisco measure called the No Hidden Rent Act would require landlords to disclose all fees upfront before tenants sign a lease.

Stories mentioned in this episode:

(NYT) S.E.C. Proposes to Kill Climate Change Disclosure Rule
https://www.nytimes.com/2026/05/29/climate/sec-climate-disclosure-rule.html

(SF Chronicle) Renting in S.F. comes with surprise fees. A new law would force landlords to show them
https://www.sfchronicle.com/sf/article/rent-apartment-san-francisco-22279144.php