A New York federal jury on Tuesday convicted former Ozy Media CEO Carlos Watson of fraud and identity theft in a case alleging the charismatic startup founder lied to banks and investors to secure tens of millions of dollars in funding for the multimedia company.
Law360
Media & Entertainment
WEDNESDAY, JULY 17, 2024 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Former Ozy Media CEO Convicted Of Defrauding Investors

By Stewart Bishop

A New York federal jury on Tuesday convicted former Ozy Media CEO Carlos Watson of fraud and identity theft in a case alleging the charismatic startup founder lied to banks and investors to secure tens of millions of dollars in funding for the multimedia company.

Read full article » | Save to favorites »

Chinese Exile Guo Guilty On Most Counts In $1B Fraud Case

By Pete Brush

A Manhattan federal jury on Tuesday convicted prominent Chinese Communist Party critic Miles Guo on most charges alleging he operated a vast fraud that solicited more than $1 billion worth of sham investments from his supporters.

Read full article » | Save to favorites »

Cohen Asks Justices To Hear Claim Trump Put Him In Prison

By Elliot Weld

Donald Trump's former attorney-turned-critic Michael Cohen has asked the U.S. Supreme Court to take another look at his suit claiming the former president had him imprisoned in retaliation for his plans to portray Trump negatively in his book.

Petition attached | Read full article » | Save to favorites »

ABC Asks Judge To Toss Trump's Defamation Suit

By Carolina Bolado

ABC News has urged a Florida federal judge to toss former President Donald Trump's defamation lawsuit against ABC News, arguing that statements made by television host George Stephanopoulos regarding writer E. Jean Carroll's two lawsuits against Trump were true.

Read full article » | Save to favorites »

Musk Says X, SpaceX Moving To Texas Over Calif. Gender Law

By Lauren Berg

Elon Musk took to X Tuesday to announce he will be moving the headquarters of the social media company and his astronautics company, SpaceX, out of California to Texas, after Golden State Gov. Gavin Newsom signed a bill that bars policies mandating that teachers notify parents about students' gender identity.

Read full article » | Save to favorites »

Influencer's Forest Pics Not 'Work Activity,' 10th Circ. Rules

By Daniel Ducassi

A Tenth Circuit panel on Tuesday reversed a social media influencer's conviction for unauthorized work on National Forest Service property after he posted Instagram photos of himself snowmobiling on closed NFS land, finding that the influencer didn't have fair warning that what he was doing might be considered a federal crime.

Opinion attached | Read full article » | Save to favorites »

FCC's Media Ownership Rules Are 'Relics,' 8th Circ. Told

By Christopher Cole

Broadcasters are pressing the Eighth Circuit to unravel the Federal Communications Commission's latest local media ownership rules, saying they are based on views of the industry that are long outdated.

Brief attached | Read full article » | Save to favorites »

I 'Suggest You Stop,' Judge Warns Atty In UMich Graffiti Case

By Danielle Ferguson

A Michigan federal judge stopped an attorney in his tracks on Tuesday as he argued his former University of Michigan hockey-player client did something "stupid" by painting a homophobic slur in front of a campus Jewish center, with the judge saying it was clear the player did something "very wrong."

Read full article » | Save to favorites »

SiriusXM Must Face Suit Over $150M In Unpaid Royalties In NY

By Adam Lidgett

A Virginia federal judge has agreed to let Sirius XM move nonprofit royalty collector SoundExchange's suit to New York federal court, but refused to let it entirely escape claims that it owes more than $150 million in unpaid royalties.

Opinion attached | Read full article » | Save to favorites »

DIVERSITY SNAPSHOT

The 2024 Diversity Snapshot: What You Need To Know

By Xiumei Dong

Law firms' ongoing initiatives to address diversity challenges have driven another year of progress, with the representation of minority attorneys continuing to improve across the board, albeit at a slower pace than in previous years. Here's our data dive into minority representation at law firms in 2023.

Read full article » | Save to favorites »

These Firms Have The Most Diverse Equity Partnerships

By Gerald Schifman

Law360’s law firm survey shows that firms' efforts to diversify their equity partner ranks are lagging. But some have embraced a broader talent pool at the equity partner level. Here are the ones that stood out.

Read full article » | Save to favorites »

INTELLECTUAL PROPERTY

5th Circ. Hands Loss To Canadian Standards Group In IP Fight

By Adam Lidgett

A split Fifth Circuit panel said a lower court improperly gave a win to the Canadian Standards Association in a copyright suit over electrical codes, telling the lower court to give a win to P.S. Knight Co. Ltd. in the case. 

Decision attached | Read full article » | Save to favorites »

Squishmallows' Build-A-Bear IP Suit Not Just Fluff, Court Says

By Lauren Berg

The Build-A-Bear Workshop toy company can't escape claims that its Skoosherz stuffed toys infringe the trade dress and copyright of Kelly Toys' popular Squishmallows, a California federal judge ruled, saying the complaint plausibly alleges substantial similarities between the two plushie brands.

Order attached | Read full article » | Save to favorites »

PRIVACY & CONSUMER PROTECTION

Banks Say 'Ambiguity' Hampers FDIC's Digital Signage Rules

By Sarah Jarvis

Major banking trade groups have urged the Federal Deposit Insurance Corp. to clarify its new rule on how banks should display digital branding about deposit insurance to online customers, saying their compliance efforts have been hampered by "significant ambiguity" in the rule.

Letter attached | Read full article » | Save to favorites »

COMPETITION

Starboard Demands Change At Tinder Owner Match

By Al Barbarino

New York-based activist investor Starboard Value LP has amassed a 6.6% stake in Match Group Inc. and is pushing the company to go private if it can't make "value-enhancing" gains after its stock plummeted from its 2021 heyday, according to a letter published Tuesday by Starboard.

Letter attached | Read full article » | Save to favorites »

Google Maps Antitrust Suit Deleted For Good

By Bryan Koenig

A California federal judge permanently dismissed a proposed class action targeting Google's Maps product, rejecting arguments that the company's terms of service barred third parties from using rival route guidance or places-of-interest tools with a Google-furnished map.

Order attached | Read full article » | Save to favorites »

EMPLOYMENT

Accuser Says WWE Paid Doctor To Give Her Mystery Drugs

By Ryan Harroff

Celebrity doctor Carlon Colker gave a former World Wrestling Entertainment Inc. staffer unmarked drugs that made her feel sick and later refused to provide complete and accurate records on her visits there, according to her Tuesday complaint in Connecticut state court seeking information to support her sexual abuse suit against WWE founder Vince McMahon.

Complaint attached | Read full article » | Save to favorites »

SECURITIES & WHITE COLLAR

Ex-Philly Charter School Exec Gets 7 Years For Embezzlement

By P.J. D'Annunzio

Abdur Rahim Islam, who ran famed R&B producer Kenny Gamble's Philadelphia-based housing and education nonprofit, was sentenced Tuesday to seven years in prison for stealing hundreds of thousands of dollars from the organization and using the ill-gotten gains for Caribbean vacations.

Read full article » | Save to favorites »

Tycoon's Pilot Says Feds' Stock Tip Claims Don't Add Up

By Ayden Crosby

A private pilot who used to work for convicted insider trader and U.K. billionaire Joe Lewis is arguing federal prosecutors can't use allegations that his own trades were suspicious to ramp up a sentence for a separate tax evasion charge.

Letter attached | Read full article » | Save to favorites »

TELECOMMUNICATIONS

SpaceX Loses Bid To Block Rival's Earth Station Renewals

By Jared Foretek

The Federal Communications Commission denied SpaceX's request to reconsider the agency's renewal of licenses for three earth stations from satellite communications company DBSD Corp., saying in a new order that SpaceX showed little to support its claim that DBSD was using "obstructionist" tactics to interfere with SpaceX operations.

2 documents attached | Read full article » | Save to favorites »

FCC Says Call Routing Protocols Need Better Security

By Jared Foretek

The Federal Communications Commission says it's stepping up its efforts to better secure the signaling protocols mobile telecom providers use to place and maintain calls, telling concerned lawmakers that carriers nationwide have implemented the commission's best practices for network security.

2 documents attached | Read full article » | Save to favorites »

FCC Dings América Móvil For Lack Of Notice On Stock Reorg

By Nadia Dreid

Mexican mobile operator América Móvil has admitted to the Federal Communications Commission that it broke the rules by transferring control of certain FCC licenses and authorizations to a quartet of subsidiaries without informing the agency.

Order attached | Read full article » | Save to favorites »

REAL ESTATE

Miami-Dade Tries To Nix Seaquarium Operator's Eviction Suit

By Nate Beck

Miami-Dade County has asked a federal judge to toss a lawsuit from the operator of the Miami Seaquarium, which claimed the county is evicting it after its CEO responded to a "disrespectful" email from an official concerned about manatees held at the aging facility.

Motion attached | Read full article » | Save to favorites »

GOVERNMENT CONTRACTS

Brief

Full 4th Circ. Won't Hear Student Loan Biz's Sealed Docs Case

By Travis Bland

The Fourth Circuit on Tuesday declined to grant a full court rehearing to a student loan provider that wanted to shield court filings from a filmmaker after a panel found he had a First Amendment right to the information.

Order attached | Read full article » | Save to favorites »

PEOPLE

Universal Music Exec Joins Pierson Ferdinand In Los Angeles

By Christine DeRosa

Alison Finley had always loved music, but she didn't know she could be an attorney in the industry until her first year at New York Law School when she walked into a panel on music.

Read full article » | Save to favorites »

EXPERT ANALYSIS

Leveling Up IP Protections For Video Game Icons' Film Debuts

Video game creators venturing into new realms of entertainment that include their iconic characters, such as television and film adaptations, should take specific steps to strengthen their intellectual property rights, say Joshua Weigensberg and Parmida Enkeshafi at Pryor Cashman.

Read full article » | Save to favorites »

The Show Must Go On: Noncompete Uncertainty In Film, TV

The Federal Trade Commission has taken action to ban noncompetes while the entertainment industry is in the midst of a massive shift away from traditional media, so it is important for studio heads and content owners alike to understand the fate of the rule and their options going forward, say Christopher Chatham and Douglas Smith at Manatt.

Read full article » | Save to favorites »

A Refresher On Calculating Political Advertising Costs

With election season well underway, it is important for broadcasters, political candidates, time buyers and others concerned with how the cost of broadcast political advertising is determined to know what the Federal Communications Commission factors into lowest unit calculations, and how the commission has defined "commercial advertisers," says Gregg Skall at Telecommunications Law Professionals.

Read full article » | Save to favorites »

Series

Serving In The National Guard Makes Me A Better Lawyer

My ongoing military experience as a judge advocate general in the National Guard has shaped me as a person and a lawyer, teaching me the importance of embracing confidence, balance and teamwork in both my Army and civilian roles, says Danielle Aymond at Baker Donelson.

Read full article » | Save to favorites »

LEGAL INDUSTRY

Analysis

3 Reasons Why 2nd Menendez Bribery Case Was The Charm

By Carla Baranauckas

Nearly seven years after the government's first bribery case against longtime U.S. Sen. Robert Menendez collapsed in a hung jury, prosecutors avenged that loss Tuesday by sealing a conviction on a new round of corruption charges.

Read full article » | Save to favorites »

Menendez Guilty Of 'Shocking Corruption,' Urged To Resign

By Cara Salvatore, Pete Brush and Carla Baranauckas

A New York federal jury found U.S. Sen. Robert Menendez guilty on Tuesday of taking gold bars, cash and a Mercedes-Benz as bribes from three businessmen, handing a victory to the government on its second try to convict the embattled New Jersey Democrat on corruption charges and prompting calls for his resignation.

Read full article » | Save to favorites »

Trump Special Prosecutor Ruling Could Find Favor On Appeal

By Carolina Bolado

When U.S. District Judge Aileen Cannon dismissed the criminal case against former President Donald Trump in Florida over what she said was an unconstitutional appointment of a special prosecutor, she staked out a position that few other jurists have taken, but that could find support among some appellate judges, experts said.

Read full article » | Save to favorites »

Ex-Trump Counsel Has Advice For GOP On Judicial Noms

By Courtney Bublé

A former Trump White House official who worked on judicial nominations has advised a potential future Republican administration to be aggressive, proactive and not to compromise on circuit court picks.

1 document attached | Read full article » | Save to favorites »

Smirnov Wants David Weiss DQ'd After Trump Docs Ruling

By Hailey Konnath

Former FBI informant Alexander Smirnov said Monday that a Florida federal judge's order disqualifying the special prosecutor in the Donald Trump classified documents case means special counsel David Weiss should also be disqualified from Smirnov's case, according to a motion filed in California federal court.

Motion attached | Read full article » | Save to favorites »

Fed. Circ. OKs Judge Connolly's Fine Against IP Biz Owner

By Andrew Karpan

A precedential ruling from the Federal Circuit on Tuesday found that Delaware's top judge has the right to fine a Texas paralegal who is the sole owner of patent litigation outfit Backertop Licensing LLC $200 a day for refusing to show up in court as part of the judge's investigation into whether Backertop and others hid their connection to big-name intellectual property consulting firm IP Edge.

Opinion attached | Read full article » | Save to favorites »

$4.5M Davis Wright Deal In Ore. Fraud Suit Gets Final OK

By Sydney Price

An Oregon federal judge has fully adopted a magistrate judge's recommendation to sign off on a $4.5 million deal resolving investor claims against law firm Davis Wright Tremaine LLP for its work representing entities involved in an alleged real estate securities fraud scheme, while two banks were dismissed from the case.

3 documents attached | Read full article » | Save to favorites »

Tesla Swaps Cravath Out, WilmerHale In For Antitrust Defense

By Lauren Berg

WilmerHale has taken over from Cravath Swaine & Moore LLP as counsel for Tesla in a proposed class action in California federal court alleging the company runs an unlawful monopoly on parts for its electric vehicles.

3 documents attached | Read full article » | Save to favorites »

ACLU Legal Director Leaving For Expanded Georgetown Role

By Kevin Penton

The American Civil Liberties Union's national legal director plans to step down from a role he has held for eight years, the organization confirmed Tuesday.

Read full article » | Save to favorites »

Groups Slam UC Berkeley's 'Misreading' Of Antisemitism Case

By Jake Maher

Jewish organizations suing the University of California, Berkeley, and its law school for allegedly tolerating an antisemitic culture on campus fought to keep their suit alive this week in the face of a motion to dismiss, maintaining their claims are ripe despite UC Berkeley's "bold misreading" of the case.

Brief attached | Read full article » | Save to favorites »

Promo that reads Law360 Diversity Snapshot Promo that reads 2024 Rising Stars

COMPANIES IN TODAY'S NEWS

ABC Inc.

Alphabet Inc.

Amazon.com Inc.

American Bankers Association

American Civil Liberties Union

Bank Policy Institute

Build-A-Bear Workshop, Inc.

Chevron Corp.

Consumer Bankers Association

Cottrell Inc.

DC Comics Inc.

EchoStar Corp.

Epic Games Inc.

Google LLC

Home Box Office Inc.

Instagram Inc.

LinkedIn Corp.

Match Group LLC

Match.com Inc.

McKinsey & Co. Inc.

Mercedes-Benz USA LLC

Mirati Therapeutics Inc.

National Association of Broadcasters

National Rifle Association of America

Nelnet Inc.

Netflix Inc.

New Civil Liberties Alliance

New York Law School

Nexstar Media Group Inc.

Nintendo Co. Ltd.

Pacific Premier Bancorp Inc.

Pluto TV

Public Broadcasting Service

Public Citizen Inc.

Regents of the University of California

Riot Games Inc.

Riverview Bancorp Inc.

Roku Inc.

Ryan LLC

Screen Actors Guild-American Federation of Television & Radio Artists

Sirius XM Radio Inc.

Solid Biosciences Inc.

SoundExchange Inc.

Space Exploration Technologies Corp.

Starboard Value LP

Tesla Inc.

The Goldman Sachs Group Inc.

U.S. Chamber of Commerce

Universal Music Group NV

World Wrestling Entertainment Inc.

YouTube Inc.

LAW FIRMS IN TODAY'S NEWS

Akin Gump

Alston & Bird

Arnold & Porter

Atheria Law

Atkinson Andelson

Baker Botts

Baker Donelson

Berry Appleman

Best Best & Krieger

Boies Schiller

Bookoff McAndrews

Buchalter APC

Buckley LLP

Cahill Gordon

Carlton Fields

Carstens Allen

Chamberlain Hrdlicka

Cleary Gottlieb

Coburn & Greenbaum

Consumer Litigation Associates

Continental PLLC

Cooley LLP

Cravath Swaine

Crowell & Moring

Cuneo Gilbert

Davis & Wright

Davis Wright Tremaine LLP

Diaz Reus

Eckert Seamans

Ellis George LLP

Esler Stephens

Farella Braun

Finger & Slanina

Finnegan

Fragomen Del Rey

Freed Kanner

Fullerton Beck

Gibbons PC

Gibson Dunn

Gilbert LLP

Glancy Prongay

Greenberg Traurig

Gross Klein

Habba Madaio

Hogan Lovells

Holland & Knight

Honigman LLP

Hueston Hennigan

Hurwitz Sagarin

Irell & Manella

Jones Day

Kasowitz Benson

Keesal Young

Keker Van Nest & Peters

Knobbe Martens

Kudman Trachten

Larkins Vacura

Lewis Rice

Lozano Smith

Manatt Phelps

Manning & Kass

Morrison Foerster

Munger Tolles

Nelson Mullins

Nematzadeh PLLC

Nossaman LLP

Oppenheim & Zebrak

Orrick Herrington

Paternoster Farnell

Paul Hastings

Pearson Warshaw

Perkins Coie

Pierson Ferdinand LLP

Powers Pyles

Pryor Cashman

Riley Safer

Roig Lawyers

Saveri & Saveri

Schneider Wallace

Seed IP

Shullman Fugate

Shutts & Bowen

Squire Patton

Sterne Kessler

Stoll Berne

Summit Law Group

Telecommunications Law Professionals

The Law Firm of Cesar de Castro

The Office of Craig C. Reilly

Thompson Coburn

Tostrud Law Group

Warner Norcross

Waymaker LLP

Weil Gotshal

White & Case

Willkie Farr

WilmerHale

Wilson Sonsini

Withersworldwide

Wong Fleming

Zuber Lawler

GOVERNMENT AGENCIES IN TODAY'S NEWS

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Trade Commission

Internal Revenue Service

U.S. Attorney's Office for the District of Colorado

U.S. Attorney's Office for the Eastern District of New York

U.S. Attorney's Office for the Eastern District of Pennsylvania

U.S. Attorney's Office for the Southern District of New York

U.S. Civilian Board of Contract Appeals

U.S. Copyright Office

U.S. Court of Appeals for the Eighth Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Tenth Circuit

U.S. Department of Justice

U.S. Department of the Treasury

U.S. District Court for the Central District of California

U.S. District Court for the District of Oregon

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court