The Inbox - June 15, 2012

| Marcus, Ellen

"The InBox"

  • A federal trial court in Minnesota has dismissed an antitrust action filed by former football players against the NFL.  The players alleged that the NFL is monopolizing the market of their likenesses by using historical game footage featuring the players in promotional videos.  The court distinguished the Supreme Court’s 2010 decision in American Needle, Inc. v. NFL,saying that the former football players failed to allege concerted action between the NFL and the teams that is illegal under the Sherman Act.  The court suggested that, even though the antitrust action would not go forward, the players may have claims against the NFL for violating their right of publicity.   
  • A former marketing executive of Steiff GmbH, a German toymaker known for its high-end teddy bears, has sued the company’s CEO for sexual harassment, and alleged that the CEO raped her.  Steiff is also named as a defendant in the suit.
  • Jamie Dimon, the CEO of JPMorgan Chase, testified at a Senate banking committee hearing that the company may invoke clawback provisions in its agreements with senior executives to take back bonuses and stock paid during the financial crisis. 
  • Olympus and its former CEO, Michael Woodford, who blew the whistle on allegedly questionable accounting practices by the company before he was fired, have settled their U.K. litigation for $15.4 million.