Litigation

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Copyright Infringement/Contempt Motion Denied<br>Venue Competition/Expert Witnesses

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The FASB and IASB issued the second Exposure Draft ("ED") of the proposed new leasing rules on May 16, 2013 with a deadline for comments of Sept. 13, 2013. The ED is an improvement over the 2010 ED in that it is closer to current GAAP in areas such as the definition of the lease term and lease payments.

Features

Finance Companies' Rights to Collect <br>True Lease vs. Security Interest: In General<br>Lessors' Damages: Measures and Entitlement<br>Vendor Issues<br>End-of-Term Lease Provisions<br>Forum Selection, Jurisdiction and Choice of Law<br>Assignments of Leases

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Courts frequently wrestle with how to apply post-petition payments for rental proceeds deriving from lenders' pre-petition collateral. The issue arises principally in single asset real estate cases, because generally post-petition proceeds of the debtor are the rents attributable to the lender's collateral.

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International recording artist Jos' Feliciano is suing his manager and asking a Broward County, FL, circuit judge to rescind their contract.

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Anti-Slapp Motion Involving Disclosure of ex-Miss California Suit Settlement Is Denied<br>New York Court Finds Malpractice Suit, over Transfer of Motion Picture Ownership, Improperly Pleaded

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Declaratory Bids Denied in Dispute over Literary Agent Agreement<br>Method for Monetizing Internet Content Not Too Abstract for Patentability<br>New York Music Administration Suit Stayed Until Outcome of Canadian Suit over Related Songs-Purchase Agreements

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U.S. Supreme Court Upholds Arbitrator's Determination of Authority to Determine Class Issues<br>Recent Attempt to Revive <i>Laxmi v. Golf USA</i> Fizzles