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Maryland Federal Court Issues Ruling in Dispute over Boxer Roberto Duran's Life Story
The U.S. District Court for the District of Maryland decided that an agreement governed by Maryland law granting boxer Roberto Duran's rights of publicity to his manager could be enforceable, even though Maryland has not recognized such rights. JW & JJ Entertainment v. Sandler, 8:13-cv-01609. Duran entered into a management contract with Mark Sandler in 1995. The agreement in part gave Sandler “the exclusive right worldwide to use the name 'Roberto Duran' or any form thereof and any image or likeness of Duran in any form” and further stated that the boxer “expressly gives to Sandler the rights to Duran's life story.” Sandler later terminated the contract and in 1997 obtained a default judgment for breach of contract against Duran. In 2007, Duran granted “exclusive life story rights” to Compadre LLC, which latter transferred those rights to JW & JJ Entertainment. JW & JJ filed a declaratory suit regarding its rights after Sandler threatened to sue if JW & JJ continued production on a movie about Duran.
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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.
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Blockchain Domains: New Developments for Brand Owners
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Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.