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Ticket Resellers' State House Campaign Raises Resale Royalty, Securities Law and Money Laundering Issues
One of the big issues being debated as fallout from Ticketmaster's problems in trying to service Taylor Swift fans when tour tickets went on sale in November is how to address state live-event ticket sales laws. (See the chart below for a look at legislative activity in 10 states.)
Ticket reseller StubHub recently brought Silicon Valley lobbying tactics to the Georgia Legislature with HB 398 and SB 183 but thankfully didn't put one over on the legislative members. The stated purpose of these Georgia bills is to remove resale restrictions on concert or athletic tickets, and limit the resale to reseller marketplaces like Stub Hub. This would, among other things, effectively prevent artists from taking tickets off manifest for resale through their fan clubs, including at face price.
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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.