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In the Courts
Seventh Circuit: Military Government Contractor's FCA Summary Judgment Upheld for Lack of Materiality, Knowledge
On Dec. 11, 2015, the U.S. Court of Appeals for the Seventh Circuit announced its decision in United States ex rel. Debra Marshall v. Woodward, Inc., No. 15-1866, 2015 WL 5895976 (7th Cir. Dec. 11, 2015), in which Woodward, a designer, manufacturer and service provider of control systems in the aerospace and energy markets, was accused of violating the False Claims Act (FCA) based both on its sale of certified helicopter engine parts and the termination of two employees (also the whistleblowers in the lawsuit). The District Court for the Northern District of Illinois granted the defendant's motion for summary judgment in March 2015, and found that Woodward's actions did not violate the FCA (or Illinois law).
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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.
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.