The Securities and Exchange Commission (SEC) has been making headlines recently by enforcing U.S. securities laws surrounding crypto assets. The SEC has also taken an extremely aggressive stance regarding high-profile celebrities and professional athletes who have promoted crypto assets, sending a strong message that any violations of these laws will be met with significant consequences.
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Molli and Max to Premiere at SXSW
My son Michael’s first feature film MOLLI AND MAX IN THE FUTURE will premiere at SXSW 2023. Molli and Max in The Future is a sci-fi romantic comedy about a man and woman whose orbits repeatedly collide over the course of 12 years, 4 planets, 3 dimensions and one space-cult.A grounded romantic comedy set in an absurd world, “Molli and Max”
TRUMP SUES WOODWARD FOR PUBLICATION OF AUDIOTAPES
Donald Trump has filed suit against journalist Bob Woodward claiming that Woodward improperly publishing audio tapes of their interviews. The interviews were conducted with the understanding that that Woodward was authoring a book which was published in September 2021 with the title Rage. Woodward later decided to separately publish the audio tapes of his interviews with Trump.Trump alleges that the
COPYRIGHT OFFICE BEGINS NEW SYSTEM OF ELECTRONIC RECORDING
The Copyright Office has announced its new system of electronic recording. Under the Copyright Act, the U.S. Copyright Office accepts certain types of documents for filing and indexing into the Office’s public records. There are three primary types of documents that may be submitted for recordation: transfers of copyright ownership, other documents pertaining to a copyright, and notices of termination.
Investment Firms Are Courting YouTube Creators
Investment companies looking for the next big revenue stream have taken notice of the second-most popular social media platform in the world, namely YouTube. Jellysmack, a company that works with YouTube creators to help them expand onto new platforms, is reaching out to the owners of the most popular YouTube channels with offers to license their older content. Jellysmack’s new
INVESTORS SUE CELEBRITY ENDORSERS OF CRYPTO PLATFORM
Investors have filed a class action lawsuit seeking $11 billion in damages against Crypto platform FTX’s founder Sam Bankman-Fried and various celebrity endorsers who promoted the platform, including Shaquille O’Neal, Larry David, Tom Brady, and Stephen Curry. FTX filed for bankruptcy on Nov. 11.The lawsuit alleges that the failed FTX Platform was based upon false representations and deceptive conduct to
IP Rights to Blockchain and Digital Assets
NFT lawsuits involving content creators, celebrity endorsers, content distributors, businesses, and startups are becoming more frequent as the debate about who owns the underlying asset’s copyright and who has the authority to create an NFT becomes more contentious, and as digital assets grow in popularity and desirability. On one side of the argument, those who purchase…
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FILM EXECUTIVE SENTENCED TO 6 YEARS IN JAIL FOR DEFRAUDING INVESTMENT FUND
William Sadleir was sentenced to six years in prison for his participation in two fraudulent schemes relating to investments made by a New York-based investment fund (the “Fund”) in indie film distributor Aviron Pictures, LLC and its affiliated entities. Sadleir pled guilty to two counts of wire fraud, one relating to each of the schemes. Sadleir was the chair and chief
PRODUCER GETS 21 YEARS IN JAIL FOR FRAUD
U.S. District Judge Raag Singhal in South Florida sentenced Jason Van Eman, a 44-year-old movie producer from Oklahoma to 262 months in prison for his part in a financing scheme that defrauded investors out of more than $60 million. The defendant was also ordered to pay $9 million in restitution. After a six-week jury trial, a federal jury found Van Eman, doing business
How to Structure NFT Agreements
The recent lawsuit filed in Los Angeles County Superior Court by G2 Esports against NFT developer Bondly should serve as a warning to IP content owners and creators considering working with an NFT developer/sales agent. To avoid major disagreements and fully protect themselves, IP content owners/creators need a lawyer with experience in documenting and negotiating NFT development, marketing and sale