The U.S. Olympic Committee and Puma SE appear to have ended their trademark dispute over city-plus-year names like "Tokyo 2020" — part of a broader retreat by the German company from an unusual legal campaign that challenged the trademark rights to major sporting events like the World Cup.
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Olympics, Puma Call Truce In 'Tokyo 2020' Trademark Fight

The U.S. Olympic Committee and Puma SE appear to have ended their trademark dispute over city-plus-year names like "Tokyo 2020" — part of a broader retreat by the German company from an unusual legal campaign that challenged the trademark rights to major sporting events like the World Cup.

5 documents attached | Read full article »

Fox News Has High-Profile Team In $1.6B Defamation Defense

Two high-profile attorneys have joined Fox News' defense team in a $1.6 billion defamation lawsuit filed in Delaware Superior Court by Dominion Voting Systems that accuses the cable giant of spreading "outlandish" claims about the 2020 election.

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Judge Won't Boot Playboy's TM Suit Over Bunny Costumes

A California federal judge is refusing to dismiss a trademark lawsuit filed by Playboy against an online retailer that sold Halloween costumes allegedly mimicking the magazine's famous Bunny outfit.

Order attached | Read full article »

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EMPLOYMENT

Orlando Major League Soccer Club Hit With OT Suit

Major League Soccer organization Orlando City Soccer Club is facing claims it misclassified a sports events manager and therefore denied her overtime pay, according to a new suit filed in Florida federal court.

Complaint attached | Read full article »

Comcast Slapped With FLSA Suit By Cable Installation Techs

Comcast Corp. and a subsidiary shorted cable installation technicians on pay by not compensating them for work before and after shifts and during unpaid meal breaks or reimbursing for business expenses, the workers said in a proposed class and collective action in Pennsylvania federal court.

Complaint attached | Read full article »

SECURITIES & WHITE COLLAR

TELECOMMUNICATIONS

FCC To Roll Out $7B Student Broadband Plan In Next Month

The Federal Communications Commission plans to finalize its emergency educational broadband program within the next month, the acting agency chairwoman said during a panel Tuesday, indicating that more than $7 billion will soon be released to support at-home learning amid the pandemic.

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REAL ESTATE

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Ex-Alden CFO Charged With Embezzling $30M, To Plead Guilty

The former chief financial officer of the Alden Shoe Co. was charged and will plead guilty to embezzling about $30 million from the company as part of a long-running scheme, Boston federal prosecutors said Wednesday.

Indictment attached | Read full article »

EXPERT ANALYSIS

Are Nonfungible Tokens Securities?

The recent explosion of interest in nonfungible tokens has led to questions about their status under federal securities law, but whether an NFT's uniqueness is enough to mean it's not a security is a complicated question that may hinge on the particular facts and circumstances of each transaction, says Joseph Hall at Davis Polk.

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LEGAL INDUSTRY

Attys Who Sifted Through Ashes Of Madoff Ponzi Look Back

Bernie Madoff left a legacy of substantial ruin for many who were the victims of the largest Ponzi scheme in history. His death on Wednesday is a reminder of a fraud that operated in plain sight for years, said attorneys who have investigated the scheme.

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Long Fight In Madoff Recovery Efforts Continues

Some 13 years since the exposure of Ponzi mastermind Bernie Madoff, a herculean effort to recover billions of dollars lost in his fraud continues in hundreds of lawsuits and in jurisdictions as far off as Luxembourg.

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Bonus Spotlight

Perkins Coie, Foley & Lardner, Quinn Give Special Bonuses

Perkins Coie LLP, Foley & Lardner LLP and Quinn Emanuel Urquhart & Sullivan LLP have announced they're handing out special bonuses this year, following in the footsteps of more than 50 peers who plan to distribute between $12,000 and $64,000 to associates in two lump sums before the end of the year.

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Trustee Enlists Firm To Hunt Down Erika Girardi's Valuables

The bankruptcy trustee liquidating embattled attorney Tom Girardi's personal property is seeking to tap a Los Angeles law firm to hunt down money and valuables held by his wife, Erika, saying the "Real Housewives of Beverly Hills" star may have taken community property or given it to others.

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Biden Pick For DOJ Enviro Chief Quizzed On Climate, Wildlife

President Joe Biden's pick to lead the environmental division of the U.S. Department of Justice fielded questions from senators Wednesday about wildlife trafficking, climate change and enforcement at a nomination hearing.

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Older Retired NY Judges May Come Back To Bench After All

New York Chief Judge Janet DiFiore said Wednesday the state budget for the new fiscal year will allow the court system to retain 46 judges over the age of 70 who were forced off the bench earlier this year after reaching their constitutional age limit and were denied certification to serve an additional two-year term.

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