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BLT: May 2013

Recent Bankruptcy Developments May Give Trademark Licensees Reason to Hope

Feature Articles

Recent Bankruptcy Developments May Give Trademark Licensees Reason to Hope

Recent decisions suggest that trademark licensees may have more rights than previously thought when their licenses are rejected in a licensor's bankruptcy.

The real estate collapse of 2008 hurt senior mortgage lenders, but it pummeled junior lenders, whose second liens went from above to below water, almost in a heartbeat. Some homeowners, however, saw an opportunity.

On April 22, 2013, the Securities and Exchange Commission (SEC) announced its first-ever non-prosecution agreement (NPA) in a matter involving potential violations of the Foreign Corrupt Practices Act (FCPA).

Over the past several years, both the Delaware Supreme Court and the Court of Chancery have recognized the problem of plaintiffs that rush to file derivative actions without first investigating their claims, usually in multiple forums, following the announcement of some corporate trauma.

In 1997, President Clinton appointed Mozelle W. Thompson as a Commissioner on the Federal Trade Commission where he became a leader in international consumer protection, high technology competition, and online privacy. Previously, Thompson had served in the Treasury Department, overseeing domestic spending and credit policies and creating the Office of Privatization. Before that, he was general counsel of the New York State Finance Agency.

Explore the Joint Task Force on M&A Litigation, the Mergers and Acquisitions Committee, and the Director and Officer Liability Committee.

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Question: On April 13, 2010, Maryland became the first state to recognize benefit corporations (or B-corps, as they are colloquially known) with the adoption of the Maryland Benefit Corporation Act (Maryland Corporations and Associations Article §§ 5-6C-01 through -08). The Maryland Benefit Corporation Act was sponsored by a member of the American Bar Association. Can you name him?

Please see Inside Business Law for the answer to this month’s Business Law Section Trivia Question.

The August issue of BLT will focus on an important issue in business law practice: diversity. Other feature articles focus on an array of topics: the Yates Memo, protecting your brand in a complicated Internet landscape, and immigration law compliance. This BLT issue contains much more business law content—don’t miss it!

Do you have a great idea for a BLT article? Would you like to see more of a featured column? Let us know how we can make Business Law Today the best resource for you and your clients. We welcome any suggestions. Please send us your feedback here.

Saratoga Institute on Equine, Racing and Gaming Law
August 9-10, 2016
Saratoga Springs, NY

Business Law Section Annual Meeting – Last chance to save $100. Register by July 22!
September 8-10, 2016
Boston, MA

Miscellaneous IT Related Legal News (MIRLN) 26 June - 23 July 2016 (v19.10)

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