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New Crop of Legal Developments In Music Celebrity Estate Battles
Legal disputes over artist’s estates have been a growing source of entertainment-industry litigation. This summer is proving to be a busy season for such litigations, with legal dustups related to the music-celebrity estates of “Margaritaville” icon Jimmy Buffett, Canadian singer/songwriter Leonard Cohen and blues legend Johnny Winter.
In a financial and personal dispute. the Buffett estate battle pits Jimmy’s widow Jane against his long-time business manager and financial advisor Rick Mozenter, managing director of the accounting firm Gelfand, Rennert and Feldman in Los Angeles. Jane and Mozenter are co-trustees of the James W. Buffett 1990 Trust, last amended by Jimmy in July 2023, and of the James W. Buffett Marital Trust, which named Jane as the beneficiary and took effect after Jimmy passed away in September 2023.
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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.
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Blockchain Domains: New Developments for Brand Owners
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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.