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Recent Challenges To the FTC's Data Regulation Authority
The year 2014 has been described as the “Year of the Breach.” (See the January 2015 Ponemon Institute study titled “2014: A Year of Mega Breaches.” It started out with fallout from the Target breach, which occurred at the end of 2013 and carried over into 2014, affecting 40 million debit and credit cards. This “Point of Sale” attack spread to other retailers such as P.F. Chang's, Neiman-Marcus, Michael's, and Home Depot as the result of malware called “Black POS” allegedly distributed by a couple of teenagers in Russia. See, “Home Depot Hit By Same Malware as Target,” Krebs On Security.
Hacking attacks perpetrated on several financial institutions followed during the summer and fall of last year, along with the largest health care breach of the year occurring in August. See, “Hackers' Attack Cracked 10 Financial Firms in Major Assault,” NY Times Dealbook; “The Big Data Breaches of 2014,” Forbes.
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.
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.