Bloomberg Law “Chrome Hearts LLC has reached a preliminary settlement with Nordstrom Inc. over the retail giant’s alleged sale of apparel and jewelry with infringing marks, the parties told a California federal court. The American luxury brand and Nordstrom told the US District Court for the Central District of California Read more
Bloomberg Law “The US Justice Department is urging a federal judge to order the states and trade union challenging Paramount Skydance Corp.’s $110 billion takeover of Warner Bros. Discovery Inc. to post a bond to cover any potential late fees that result from their lawsuit. Paramount wants the states — Read more
Bloomberg Law “Patagonia Inc., the outdoor apparel brand known for its pro-environment stance, is embroiled in a trademark dispute with drag queen and climate activist Pattie Gonia in what could become a PR nightmare. The company says Entrepreneur Enterprises Inc., doing business as Pattie Gonia Productions, infringed its trademarks through merchandise branding Read more
Bloomberg Law “Uber Technologies Inc. board members and executives were sued Monday for allegedly devoting insufficient resources for customer safety and setting a tone of noncompliance for the company. The officers’ breach of their duties have exposed Uber to significant legal exposure, having faced thousands of lawsuits from victims of sexual assault and Read more
Bloomberg Law “Alphabet Inc.’s Google fought back against antitrust litigation by a group of ad tech exchanges that alleges the tech giant used exclusionary practices to block their growth, saying they waited too long to sue. OpenX, Magnite, and PubMatic are among the digital ad tech providers that have been well Read more
Bloomberg Law “The Federal Communications Commission should review the foreign interests behind the proposed Paramount-Warner Bros. Discovery merger, Commissioner Anna Gomez says in a statement. Foreign governments and their representatives are prohibited from owning the FCC-regulated broadcast licenses of CBS, a Paramount subsidiary, under federal law, the statement says “Any indirect foreign ownership above 25 percent Read more
Bloomberg Law “The US agency charged with overseeing derivatives might face difficulty rooting out alleged insider trading and misconduct on prediction markets given the outlines of federal law, even if it succeeds in elbowing out state regulators, attorneys say. The CFTC wants to exclusively police the emerging prediction markets. For tackling insider Read more
Bloomberg Law “The National Football League Players Association sued Leaf Trading Cards LLC, alleging the collectibles company is using the attributes of multiple football players on its products despite lacking the license to do so. The association and National Football League Players Inc. are the exclusive licensing agents for NFL Read more
Bloomberg Law “Meta Platforms Inc. faces a new proposed class action from several major book publishers and authors who say its Llama generative AI was trained through “one of the most massive infringements of copyrighted materials in history.” Companies including Elsevier Inc., Cengage Learning Inc., and Hachette Book Group Inc. filed Read more
Bloomberg Law “US companies could choose to report earnings semiannually instead of quarterly under a proposal released by the Securities and Exchange Commission, potentially reducing how much information publicly traded firms must share with investors. The SEC has mandated quarterly reports, known as 10-Qs, for more than half a century in Read more