<b>Counsel Concerns:</b> TV Station Buyers Claim Law Firm Botched Deal
The owners of Spanish-language GenTV are suing four Holland & Knight partners, alleging the $48 million purchase price of a Key West, FL, television station was millions of dollars too high because of botched legal work.
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<b>Counsel Concerns:</b> Fed Court Denies Client's Impleader Against Counsel
A magistrate for the U.S. District Court for the Central District of California decided that a copyright and trademark infringement defendant couldn't file an impleader action against his former lawyer for secondary or derivative liability.
SoundExchange Counsel Faces Royalty Skirmishes
SoundExchange originated as a division of the RIAA and was spun off as a separate group in 2000 to collect and distribute digital performance royalties. It's the only agency authorized to do so. Today, it represents more than 3,500 record companies and more than 6,000 labels and their artists. Michael Huppe, general counsel for SoundExchange, says music labels and artists will increasingly depend on the performance royalties SoundExchange distributes to survive.
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Indiana Court Transfers Publicity Rights Litigation To New York
The U.S. District Court for the Southern District of Indiana grant- ed a defendant's motion to transfer to New York federal court a suit over the alleged unauthorized use of the names and likenesses of legendary baseball players, including Lou Gehrig, Thurman Munson and Jackie Robinson.
Protecting Interests if Another Company Files for Bankruptcy Protection
In light of the current economic tsunami, which is certain to throw a few entertainment companies into bankruptcy, this article provides a basic overview of the common issues that arise in connection with such bankruptcies. The most important reason to understand bankruptcy is to protect oneself from the draconian results that can result from a bankruptcy of the other party to a transaction.
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Leadership Development Programs
Leadership programs can range from a collection of specific training programs to a more comprehensive approach, including an organized curriculum, senior advisers, individual coaching, development plans and formal feedback. If your firm is interested in starting a comprehensive program, here are some factors to consider.
Technology in Marketing: Managing and Monitoring Your Law Firm's Reputation Online
While the issue of online reputation is relevant to both law firms and individual attorneys, in this article we focus on tips and strategies for monitoring, managing, and maximizing a law firm's online reputation.
Towering IP Resources in a Flat World
If you have read, or even heard about, Thomas Friedman's <i>The World Is Flat</i> or Fareed Zakaria's <i>The Post-American World</i>, you will recognize a theme in common with what patent attorneys do every day. We write for one-fifth of a century later. Our words, building fences around ideas, are likely expressions of intellectual property grants by governments still in place 20 years hence.
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Law Firm Intelligence: Researching the Economy
This is the first in a series of articles designed to provide researchers and marketers with tools to gain a degree of clarity and insight into how the economy will affect their firms.
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MOST POPULAR STORIES
- Risks of “Baseball Arbitration” in Resolving Real Estate Disputes“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.Read More ›
- Private Equity Valuation: A Significant DecisionInsiders (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.Read More ›
- The DOJ's Corporate Enforcement Policy: One Year LaterThe DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.Read More ›
- Bankruptcy Sales: Finding a Diamond In the RoughThere 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.Read More ›
- Protecting Innovation in the Cyber World from Patent TrollsWith trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.Read More ›