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Common Exclusions from Blanket Liens Image

Common Exclusions from Blanket Liens

Alan M. Christenfeld & Barbara M. Goodstein

This article examines some items that commonly are carved out of blanket liens, either by operation of law or by market practice.

Features

Prior Agreement Bars Termination of Song Rights Image

Prior Agreement Bars Termination of Song Rights

Brendan Pierson

The U.S. District Court for the Southern District of New York decided that music publisher EMI can keep the rights to the 1934 hit song "Santa Claus Is Coming to Town" for another 25 years.

Features

Meals and Entertainment Expenses Image

Meals and Entertainment Expenses

Jacob Weichholz

Meals and entertainment expenses are generally only 50% deductible, and provided the expenses are ordinary and necessary, have a business purpose and have proper documentation, there should be no issues surviving an IRS audit.

Features

<i>LifeScan v. Shasta Tech </i> Image

<i>LifeScan v. Shasta Tech </i>

J. Gregory Chrisman & Christopher Meta

The Federal Circuit panel discussed patent exhaustion in light of product claims, citing precedent where "the Supreme Court [has] repeatedly held, in addressing device patents, that the sale of a patented device exhausted the patent-holder's right to exclude, and that an infringement suit would not lie with respect to the subsequent sale or use of the device."

Features

Dancing on the Cliff Edge Image

Dancing on the Cliff Edge

William C. Cobb

In the last five years, we have heard increasing chatter about the failed business model of law firms, new technology that is erasing the need for lawyers and other information interpreters, and enhanced cognitive systems that mine and interpret data. Let's look at some examples of trends that are leading the way.

Features

The Pitfalls of Arbitration Administrator Rules Image

The Pitfalls of Arbitration Administrator Rules

Charles F. Forer

Picking the applicable rules, without more, does not identify the administrator that will oversee the arbitration process. An "expertly drafted" clause must identify the rules and the organization or person who will administer the rules.

Features

Seveth Circuit Upholds Cracker Barrel Injunction Image

Seveth Circuit Upholds Cracker Barrel Injunction

Judith L. Grubner

When Cracker Barrel decided to introduce its non-cheese products into grocery stores (starting with packaged spiral ham) under a logo with "Cracker Barrel" appearing more prominently than "Old Country Store," Kraft sued for trademark infringement and sought a preliminary injunction.

Features

FTC Update on Gathering Data; Disclosures To Consumers Image

FTC Update on Gathering Data; Disclosures To Consumers

Marc S. Roth & Edward Kabak

In an area of major interest to the entertainment industry, the FTC continues its active enforcement of advertising practices in emerging areas such as social media and mobile marketing. At the same time, advertisers and marketers are attempting to piece together best practices as new consumer protection requirements come into effect and the first cases applying new regulatory standards are settled.

Columns & Departments

Court Watch Image

Court Watch

Lauren Sullins Ralls

Preliminary Injunction Issued Against Franchisees That Disregarded Pricing Promotion <br>Noting New York City's Density, Court Enforces, But Limits, Restrictive Covenant<br>Presidential Executive Order Gives Ford Right to Terminate Syria Contract

Features

The Duty of Good Faith in Franchise Agreements in European Civil Law Image

The Duty of Good Faith in Franchise Agreements in European Civil Law

Mark Abell

The duty of good faith seeks to deliver a degree of equilibrium to the inherent tension within the franchise relationship between the desire of both parties to obtain the best commercial deal for themselves and a need to have a good ongoing commercial relationship based upon a modicum of mutual trust. It is currently a topic of considerable interest in the United States as a number of states consider enacting legislation imposing a duty of good faith.

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MOST POPULAR STORIES

  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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