Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Federal Court Cancels Arbitration Clause in 'Virtual World' Test Case
The facts of Bragg are straightforward. Plaintiff, Marc Bragg, an attorney based in West Chester, PA, is a 'virtual world' hobbyist whose game of choice was Second Life, created by the defendants, Linden Research, Inc. and its founder, Philip Rosedale.
For the uninitiated, Second Life is a massively multiplayer role-playing game set in a virtual world where participants create avatars to represent themselves. Second Life is populated by hundreds of thousands of avatars, whose interactions with one another are limited only by the human imagination. Many people are now living large portions of their lives, forming friendships with others, building and acquiring virtual property, forming contracts, substantial business relationships and forming social organizations in virtual worlds such as Second Life. (For more implications of virtual worlds, see, 'Asset Creation, Seclusion and Money Laundering in the Virtual World' in the July 2006 issue (www.lawjournalnewsletters.com/issues/ljn_internetlaw/4_7/news/146922-1.html), and 'Virtual Worlds and Digital Rights' in the Sept. 2005 issue (www.lawjournalnewsletters.com/issues/ljn_internetlaw/3_9/news/145106-1.html) of Internet Law & Strategy.)
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.