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California Federal Court Sorts Out Ownership Issues In Dispute Over Record Albums
Each co-owner of a copyright can independently grant third parties non-exclusive rights in the work, but approval of all the co-owners is needed to grant exclusive rights to third parties. Despite that, under U.S. copyright law, any co-owner of the work can sell that co-owner's exclusive ownership share to third parties without the permission of the other co-owners.
The U.S. District Court for the Eastern District of California recently released an opinion that considered the interplay of these copyright issues. In Yellowcake Inc. v. Morena Music Inc., 1:20-CV-0787, Jesus Chavez Sr., the founder of the Mexican music group Los Originales De San Juan, had entered into an agreement in 2013 for a three-album deal for his band with the record label Morena Music.
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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.