SAN DIEGO. California Civil Code § 3344 entitles you to a minimum of $750 when somebody else knowingly uses your name, picture or likeness to advertise their products or services. On December 16, 2011, U.S. District Judge Lucy Koh refused to dismiss class action, Fraley v. Facebook, where plaintiffs sued Facebook for including…
Read MoreSAN DIEGO. “Business judgment rule” protects corporate directors from liability for good-faith decisions that later turned out sour. This is done to encourage directors to take necessary, reasonable business risks without being paralyzed by constant fear of lawsuits. Even though courts, when issuing rulings on corporate governance, usually lumped directors and…
Read MoreSAN DIEGO. On December 12, 2011, the US Supreme Court granted certiorari in RadLAX Gateway Hotel, LLC v. Amalgamated Bank to resolve the Circuit court split over whether secured creditors are guaranteed the right to credit bid their debt in a sale of their collateral conducted under a “cramdown” plan of Chapter 11…
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