The Inbox - June 15, 2012
- 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.
- Venture capital firm Kleiner Perkins has filed a general denial to the gender discrimination lawsuit brought against the firm in state court in San Francisco by junior partner Ellen Pao.
- 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.
Information provided on InsightZS should not be considered legal advice and expressed views are those of the authors alone. Readers should seek specific legal guidance before acting in any particular circumstance.
As the regulatory and business environments in which our clients operate grow increasingly complex, we identify and offer perspectives on significant legal developments affecting businesses, organizations, and individuals. Each post aims to address timely issues and trends by evaluating impactful decisions, sharing observations of key enforcement changes, or distilling best practices drawn from experience. InsightZS also features personal interest pieces about the impact of our legal work in our communities and about associate life at Zuckerman Spaeder.
Information provided on InsightZS should not be considered legal advice and expressed views are those of the authors alone. Readers should seek specific legal guidance before acting in any particular circumstance.
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