Bankruptcy › Art, Entertainment & Sports Law

Business Litigation Report -- February 2013

In This Issue: Caveat Emptor: Emerging Issues for Buyers of Bankruptcy Claims Entertainment Litigation Update; Trial Practice Update; Japan Litigation Update; and Libor Litigation Update ...more

THQ Goes Down

As 2012 winds down and we all recover from what I’m sure was a wonderful Festivus celebration (I know I’m still feeling the effects of a particularly bloody Feats of Strength and an overly ambitious Airing of Grievances...more

Texas Rangers: Lenders Strike Out in Challenge to Financial Advisors’ Professional Fees

On September 25, 2012, Judge D. Michael Lynn for the United States Bankruptcy Court of the Northern District of Texas held that a “tail provision” for professional fees rendered prepetition survived – and was not cut off by –...more

While Olympic Athletes Go for Broke, Families Go Broke

An Olympic gold medal, the award for reaching the pinnacle of athletic achievement on a world-wide stage, takes years of hard work, dedication and training to earn. In some cases, it also takes extreme financial sacrifice on...more

IP/Entertainment Law Weekly Case Update for Motion Picture Studios and Television Networks -- August 22, 2012

Table of Contents: - Pearson Education Inc. v. Almgren - Eighth Circuit affirms bankruptcy court’s order striking textbook publishers’ demand for jury trial on copyright infringement damages, granting minimum...more

The Legal Canvas - Summer 2012

In This Issue: - Dealing in Hidden Risk: Agency and Fiduciary Liability in the Dealer-Seller Relationship 3 - Censorship: Silencing Art 7 - Quick Update - Consigned Art and Bankruptcy 11 - Thinking About...more

Mother of Golden Girl Gabby Douglas Filed Bankruptcy This Year

Mother of Golden Girl Gabby Douglas Filed Bankruptcy This Year by Joel R. Glucksman on August 21, 2012 While Olympic gymnast Gabby Douglas has had a very successful year, winning a pair of gold medals at the London...more

The Evolution of Sports Bankruptcies

Team bankruptcies have never been more successful. Unsurprisingly, players and teams in the highflying, swing-for-the-fences world of sports often follow great success with failure. However, while players are still filing...more

Money Curse Leads Real Housewives into Bankruptcies

It’s starting to look like a curse: The fourth star from the Bravo reality TV series “Real Housewives” has filed for bankruptcy. For a show known for its characters’ conspicuous consumption habits, it’s a bit of a...more

Ethical Obligations Regarding Inadvertently Transmitted E-Mail Communications

There is no clear consensus among the relevant rules of professional conduct, case law or the related ethics opinions interpreting the rules of the ethical responsibilities of attorneys regarding inadvertently sent or...more

Dodgers Win! (Approval of their Bankruptcy Plan)

On, of all days, Friday the thirteenth, the Los Angeles Dodgers obtained an order from the bankruptcy court in Delaware, approving their plan of reorganization. The actual baseball team, on the field in San Diego, celebrated...more

NFL Great Warren Sapp Sacked in Bankruptcy Filing

Superbowl champion, quarterback terror and perennial pro-bowler Warren Sapp has filed for bankruptcy in southern Florida, owing millions to creditors despite a six-figure monthly income. According to his filing, Sapp owes...more

Group Led by Magic Johnson, Jersey’s Kasten Buy Dodgers with Record $2.15B Offer

Ending the soap opera that overshadowed last season for the Los Angeles Dodgers, a group of investors, including basketball hall of famer Magic Johnson, won a bankruptcy action for the Los Angeles Dodgers with a bid of $2.15...more

Record-setting Dodgers Sale Sets High Price For Mets Franchise [Video]

March 29 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia talks with Bloomberg News bankruptcy columnist and editor-at-large Bill Rochelle and Bloomberg Businessweek reporter Roben Farzad about the sale of the Los Angeles...more

IP/Entertainment Law Weekly Case Update for Motion Picture Studios and Television Networks - February 16, 2012

Table of Contents Frerck v. John Wiley & Sons, Inc. Stan Lee Media, Inc. v. Conan Sales Co., LLC  Frerck v. John Wiley & Sons, Inc., USDC N.D. Illinois, February 7,...more

How Much Has Attendance at L.A. Dodgers Home Games Fallen This Year? By Multiple Measures, Attendance is at the Lowest Level in...

The decrease in attendance for Los Angeles Dodgers games at Dodger Stadium from last year's baseball season has been discussed, but how significant has the decrease been in broader terms? We've conducted an analysis of...more

In re Los Angeles Dodgers LLC

Affidavit in Support of Debtors' Chapter 11 Petitions and First Day Motions Filed By Los Angeles Dodgers LLC

The Los Angeles Dodgers Major League Baseball franchise filed for chapter 11 bankruptcy protection on Monday in the bankruptcy court in Delaware. An declaration filed with the bankruptcy court by Jeffrey Ingram, the Dodgers'...more

The Super Bowl & Bankruptcy: Pro Athletes and Why They Go Broke

The Super Bowl & Bankruptcy: Pro Athletes and Why They Go Broke By Arizona Bankruptcy Attorney John Skiba www.jacksonwhitelaw.com/arizona-bankruptcy Being that the Super Bowl is here I thought I would revisit an...more

Bankruptcy Judge Rules for Musicians in Louisville

In the dispute between Louisville Orchestra Inc. and its musicians, bankruptcy judge David Stosberg has ruled in favor of the musicians and denied the Orchestra’s request to suspend its collective agreement with its musicians...more

How Will Bankruptcy Affect Texas Rangers

The Texas Rangers baseball team has finally come out of bankruptcy after being bought by a consortium lead by Hall of Famer Nolan Ryan and his business partner, attorney Chuck Greenberg. Ryan and Greenberg won the auction...more

Bankruptcy Sales of a Nightclub and Baseball Team

Popular nightclub Love in Washington DC is filing for bankruptcy to protect itself from creditors while its owners negotiate the sale of the establishment. Park Place Inc, the owners of Love nightclub, have listed liabilities...more

Albuquerque Studios Apply for Bankruptcy

Albuquerque Studios, where well-known movies like ‘Terminator Salvation’, ‘The Book of Eli’ and ‘The Spirit’ were shot, has filed for Chapter 11 bankruptcy protection. However, Hal Katersky, CEO of Pacifica Mesa, the owners...more

Lions Gate Denies Bankruptcy Claim

Carl Icahn, the billionaire investor who is trying to buy out Lions Gate Entertainment Group, says that the company may be on the verge of bankruptcy. This allegation was vehemently denied by the movie studio who emphasized...more

Pacific Metro Seeks Bankruptcy Protection

Last Wednesday, Pacific Metro of Morgan Hill, the production arm of Thomas Kinkade, filed for Chapter 11 bankruptcy. The action comes only a day after a $1 million part payment became due to be paid to two gallery owners who...more

What a Difference The Right “Players” Can Make

The intersection between major league sports franchises and Chapter 11 was something, a few years ago, that many thought was unlikely at best and virtually impossible at worst. With the value of marquee major league sports...more