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Third-Party Asbestos Decisions: The Impact of Relationships And Public Policy Concerns
A recent decision by the Michigan Supreme Court has provided more clarity about how a state court is likely to rule in asbestos cases alleging third-party liability. States appear to be looking more to the nature of the relationship between the plaintiff and the defendant. It is also becoming increasingly apparent that state courts are likely to see a spate of third-party asbestos liability cases.
In July, the Michigan Supreme Court found that Ford Motor Company owed no duty to the plaintiff ' a woman who allegedly contracted mesothelioma by washing her stepfather's clothes in the late 1950s and early 60s. In the process, the court further demonstrated that a state's reliance on relationship as opposed to foreseeability is a major determinant for whether a premises owner owes a duty to a third party. The court also cited the nation's growing litigation 'crisis,' which the U.S. Supreme Court has termed the alarming increase in asbestos-related cases, as a basis for its decision.
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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.
Supreme Court Rules Rejection of Trademark License Does Not Rescind Rights of Licensee
Mission Product Holdings, Inc. v. Tempnology, LLC The question is whether a debtor's rejection of its agreement granting a license "terminates rights of the licensee that would survive the licensor's breach under applicable nonbankruptcy law."