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Louisiana Federal Court Delivers Ruling on Worldwide Rights in 1960s Party-Rock Song Copyright
"Double Shot (Of My Baby's Love)," a hit record for the Swingin' Medallions in the 1960s, became an enduring party-rocker from that era. Today, rights in the "Double Shot" musical composition are at the center of litigation in Louisiana federal district court. The case involves the hotly debated issue of whether the U.S. Copyright Act's assignment-termination and renewal-term rights provisions apply to authors' grants of foreign rights in their copyrights.
"Double Shot" was co-written by Cyril Vetter and Don Smith in 1962. The songwriters assigned the worldwide, exclusive copyright interests to Windsong Music in 1963 for the life of the copyright, including a "contingent assignment of all renewal period rights." Windsong registered the song with the U.S. Copyright Office in 1966. A that time, the Copyright Act provided works with an initial and a renewal term of 28-years each.
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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
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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.