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Movers & Shakers
Jeff Moody has been named the new executive director and CEO of The Subway Franchisee Advertising Fund Trust ('SFAFT'), while SFAFT continues to try to resolve a lawsuit it filed in June 2006 against Doctor's Associates Inc. ('DAI'), the franchisor of Subway. SFAFT filed the lawsuit in Ansonia-New Haven Superior Court in Connecticut to block Subway CEO Fred DeLuca and DAI from allegedly violating the terms of the SFAFT Trust Agreement by 'improperly attempting to usurp control of the national advertising program from the franchisee-elected Trustees, to whom DAI gave complete stewardship of the program in the 1990 Trust Agreement,' according to a press statement at the time.
'Now we're just sitting back, letting the court figure it out,' said SFAFT spokesman Mack Bridenbaker. 'SFAFT and Subway are working together ' our current advertising programs to support the franchises are continuing ' and we expect Jeff Moody to strengthen that relationship.'
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.
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.
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?