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Sports & Betting
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May 10, 2024
CFTC Floats Ban On Election Betting Contracts
A divided U.S. Commodity Futures Trading Commission approved a proposed rule Friday that would ban trading on the outcome of elections, further solidifying its contested position that such activities constitute illegal "gaming" and threaten to thrust the agency into the role of an "election cop."
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May 09, 2024
Ex-Minor Leaguer Settles With SEC Over Del Taco Deal Tip Off
A former minor league baseball player has agreed to pay more than $58,000 to resolve U.S. Securities and Exchange Commission insider trading allegations involving burger chain Jack in the Box's $575 million acquisition of its fellow chain Del Taco.
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May 09, 2024
Judge 'Tempted' To Transfer MLB Scouts' Colo. Age Bias Suit
A Colorado federal judge said Thursday he was "somewhat tempted" to transfer an age discrimination lawsuit brought by former MLB scouts if he ultimately decides the court doesn't have jurisdiction over out-of-state teams, despite believing they may have a "fairly strong" argument that he can oversee the case against the league itself.
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May 09, 2024
Northwestern Sees 3 More Ex-Footballers File Hazing Suits
Three more former Northwestern football players have slapped the university with lawsuits over hazing they allegedly experienced while playing on the university's team.
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May 09, 2024
Bally Sports Parent Seeks OK For Renewed DirecTV Deal
The parent company of sports network operator Bally Sports has asked a Texas bankruptcy judge to approve renewed multiyear contracts with DirecTV, saying the revenue from the deal is a "critical component" of its post-Chapter 11 business plan.
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May 09, 2024
NFL Player-Turned-Atty Can't Appeal After Contempt Deal
An appeal of a contempt-of-court order by NFL-player-turned-lawyer Walter Bernard is moot because the underlying dispute over unpaid rent has been settled and Bernard has been released from jail, the Pennsylvania Superior Court has ruled.
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May 09, 2024
Texas Judge Slashes Nike Atty Fee Request In Trademark Suit
A Texas federal judge was not convinced Nike's attorneys and staff spent more than 750 hours to defend a trademark infringement suit brought by a digital creator, awarding them $25,000 instead of the $570,000 in attorney fees the company requested.
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May 09, 2024
Ex-Celtic 'Big Baby' Gets 40 Mos. In Health Fraud Case
Former Boston Celtics forward Glen "Big Baby" Davis was sentenced to 40 months in prison Thursday after being convicted for his role in a scheme to submit fraudulent invoices to an NBA healthcare plan.
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May 09, 2024
Brightstar Capital Scores Slot Machine Supplier In $1.1B Deal
Gaming supplier PlayAGS Inc., guided by Cooley LLP, on Thursday announced that it has agreed to be acquired by Kirkland & Ellis LLP-advised Brightstar Capital Partners in a $1.1 billion take-private transaction.
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May 09, 2024
Sports Direct Seeks To Revive Newcastle Injunction Bid
Sports Direct urged an appeals court on Thursday to grant it an injunction to force Newcastle United to stock its store with replica kits of the Premier League football club, arguing that the antitrust tribunal was wrong to refuse its request.
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May 08, 2024
Texas Univ. Says Rules, Not Sex Bias, Behind Coach Firing
The University of Texas Rio Grande Valley pushed back Wednesday against a former assistant tennis coach who accused the school of firing her because of her sexual orientation, arguing that she was dismissed for violating its policy while traveling for a tournament.
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May 08, 2024
6 States Sue Feds Over New Title IX Gender Identity Rule
Six state attorneys general have filed suit in Missouri federal court challenging the Biden administration's new interpretation of Title IX that expands LGBTQ+ rights, alleging it is an attempt to recast the law and make it about gender identity.
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May 08, 2024
Gambling Cos. Can't Knock Out 4 Location Software Patents
DraftKings and several other gambling companies have failed to persuade the Patent Trial and Appeal Board to invalidate a quartet of patents covering location software that were issued to a patent lawyer who has sued at least 10 major betting brands.
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May 08, 2024
Madison Square Garden Escapes Federal Suit Over Facial ID
A proposed class action challenging Madison Square Garden's use of facial recognition to ban attorneys from its properties was dismissed Wednesday, with a New York federal judge ruling that contracting with the third-party provider of the software did not break the law.
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May 08, 2024
Ohtani's Ex-Interpreter To Plead Guilty In Betting Scam
The former interpreter for Shohei Ohtani agreed to plead guilty to criminal charges Wednesday in connection with a scheme to steal nearly $17 million from the Los Angeles Dodgers star to pay off debts he amassed through an illegal gambling operation.
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May 08, 2024
Simpson Thacher-Led Silver Lake Lands $20.5B For 7th Fund
Technology-focused private equity shop Silver Lake, advised by Simpson Thacher & Bartlett LLP, announced Wednesday the closing of its seventh flagship fund after securing $20.5 billion from investors, beating out the amount raised in its predecessor fund by about half a billion dollars.
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May 07, 2024
Magic Johnson's Name Used As Bait For Investors, Jury Hears
A California man falsely told investors as the COVID-19 pandemic raged in March 2020 that he had a cure and that NBA legend Earvin "Magic" Johnson was on his company's board, a federal prosecutor told a Los Angeles federal jury Tuesday during opening statements in the man's wire fraud trial.
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May 07, 2024
Insurer Cites Discovery Law In Info Bid For Accident Claim
A Canadian government-backed insurer is urging an Arizona court to force the state's Department of Transportation to provide documents or testimony in an arbitration stemming from an ex-professional soccer player's claim for damages after he was injured in a hit-and-run accident in Scottsdale in 2016.
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May 07, 2024
NBA's Dominique Wilkins Sues AmeriHealth Partners Over NIL
NBA slam-dunk legend Dominique Wilkins and his management team are suing AmeriHealth Partners LLC in Atlanta federal court for allegedly using his name, image and likeness without his permission to market pharmaceutical products nationwide in 74,000 drug stores.
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May 07, 2024
Gronk, Others To Pay $2.4M In Voyager Crypto Promoter Suit
Retired football star Rob Gronkowski, NBA player Victor Oladipo and NASCAR driver Landon Cassill have agreed to collectively pay $2.4 million to settle allegations they helped promote failed cryptocurrency exchange Voyager Digital Holdings Inc.
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May 07, 2024
Everton Investors Bemoan Soccer Team Sale Amid Fraud Suit
The Everton FC Shareholders Association wants to slam the brakes on the "farce" sale of its Premier League soccer team to private equity firm 777 Partners LLC, arguing they are not qualified owners, a demand that comes as the firm faces allegations of fraud.
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May 07, 2024
Ex-LSU Director Denied New Trial Bid In Bias Suit
A former associate athletic director cannot revive her suit claiming that Louisiana State University fired her after she reported sex- and race-based discrimination and harassment, a Louisiana federal judge ruled Tuesday, finding that the former director failed to show that her termination was caused by her reporting of the discrimination.
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May 07, 2024
Policy Dispute Should Be Heard In Wash., Colo. Judge Says
A Colorado federal court has tossed an insurer's suit seeking a declaration that it doesn't owe $4 million in coverage to a climbing equipment manufacturer and its primary insurer, finding that a related case in Washington state court provides a better opportunity to resolve the parties' dispute.
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May 07, 2024
Lender Shanks Bid To Halt Ga. Golf Course Auctions
A Georgia federal judge on Tuesday denied successive efforts from a lender to wrest control of the assets of an Atlanta-area golf club owner, whom attorneys for the lender describe as a "serial fraudster" likely to abscond with his assets while still owing millions on a 2023 loan.
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May 07, 2024
7th Circ. Ruling Imperils Anonymity In NCAA, Netflix Cases
Anonymous plaintiffs suing the NCAA and Netflix in separate cases in Indiana federal court must explain why they should be allowed to keep their identities hidden following a recent Seventh Circuit ruling that established "a stringent standard" relating to anonymity, a magistrate judge has ruled.
Expert Analysis
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Prepping Your Business Ahead Of Affirmative Action Ruling
The U.S. Supreme Court's upcoming ruling on whether race should play a role in college admissions could potentially end affirmative action, and companies will need a considered approach to these circumstances that protects their brand power and future profits, and be prepared to answer tough questions, say Nadine Blackburn at United Minds and Eric Blankenbaker at Weber Shandwick.
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Tackling Judge-Shopping Concerns While Honoring Localism
As the debate continues over judge-shopping and case assignments in federal court, policymakers should look to a hybrid model that preserves the benefits of localism for those cases that warrant it, while preventing the appearance of judge-shopping for cases of a more national or widespread character, says Joshua Sohn at the U.S. Department of Justice.
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State NIL Laws Aim To Shield Colleges That Defy NCAA
The recent passage of name, image and likeness laws in several states, permitting universities to insert themselves into student-athletes' NIL deals despite prohibitions from the National Collegiate Athletic Association, reveals a pattern of greater protections for universities against potential NCAA enforcement action, say Christina Stylianou and Gregg Clifton at Lewis Brisbois.
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SEC Actions Show Tough Crypto Stance So Far This Year
Through the first half of 2023, the U.S. Securities and Exchange Commission has reiterated innovative arguments and heftier penalties within the cryptocurrency enforcement landscape, emphasizing its position that crypto assets are securities and thus under its jurisdiction, say attorneys at Willkie.
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Perspectives
How Attorneys Can Help Combat Anti-Asian Hate
Amid an exponential increase in violence against Asian American and Pacific Islander communities, unique obstacles stand in the way of accountability and justice — but lawyers can effect powerful change by raising awareness, offering legal representation, advocating for victims’ rights and more, say attorneys at Gibson Dunn.
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Opinion
Congress Needs To Enact A Federal Anti-SLAPP Statute
Although many states have passed statutes meant to prevent individuals or entities from filing strategic lawsuits against public participation, other states have not, so it's time for Congress to enact a federal statute to ensure that free speech and petitioning rights are uniformly protected nationwide in federal court, say attorneys at Skadden.
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Some Client Speculations On AI And The Law Firm Biz Model
Generative artificial intelligence technologies will put pressure on the business of law as it is structured currently, but clients may end up with more price certainty for legal services, and lawyers may spend more time being lawyers, says Jonathan Cole at Melody Capital.
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A Lawyer's Guide To Approaching Digital Assets In Discovery
The booming growth of cryptocurrency and non-fungible tokens has made digital assets relevant in many legal disputes but also poses several challenges for discovery, so lawyers must garner an understanding of the technology behind these assets, the way they function, and how they're held, says Brett Sager at Ehrenstein Sager.
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Opinion
High Court's Ethics Statement Places Justices Above The Law
The U.S. Supreme Court justices' disappointing statement on the court's ethics principles and practices reveals that not only are they satisfied with a status quo in which they are bound by fewer ethics rules than other federal judges, but also that they've twisted the few rules that do apply to them, says David Janovsky at the Project on Government Oversight.
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Opinion
Time For Law Schools To Rethink Unsung Role Of Adjuncts
As law schools prepare for the fall 2023 semester, administrators should reevaluate the role of the underappreciated, indispensable adjunct, and consider 16 concrete actions to improve the adjuncts' teaching experience, overall happiness and feeling of belonging, say T. Markus Funk at Perkins Coie, Andrew Boutros at Dechert and Eugene Volokh at UCLA.
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Tips For In-House Legal Leaders In A Challenging Economy
Amid today's economic and geopolitical uncertainty, in-house legal teams are running lean and facing increased scrutiny and unique issues, but can step up and find innovative ways to manage outcomes and capitalize on good business opportunities, says Tim Parilla at LinkSquares.
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Beware Patchwork Of State NIL Laws For Student-Athletes
With each U.S. state at a different stage of engaging with name, image and likeness laws for collegiate and high school student-athletes, the NIL world is as much a minefield for attorneys as it is for the players themselves — and counsel must remain on red alert for any and all legislative changes, say Lauren Bernstein and Dan Lust at Moritt Hock.
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What Associates Need To Know Before Switching Law Firms
Excerpt from Practical Guidance
The days of staying at the same firm for the duration of one's career are mostly a thing of the past as lateral moves by lawyers are commonplace, but there are several obstacles that associates should consider before making a move, say attorneys at HWG.
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Considerations For Assumption Of Risk In NY Sports Suits
The New York Court of Appeals' recent opinion in two cases on the assumption of risk doctrine in sports activities demonstrates that the doctrine serves as a complete bar to recovery in limited circumstances, despite the enactment of Civil Practice Law and Rules Article 14-A, say Frank Izzo and Joseph Pidel at Rivkin Radler.
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A Case For Sharing Mediation Statements With Counterparties
In light of a potential growing mediation trend of only submitting statements to the mediator, litigants should think critically about the pros and cons of exchanging statements with opposing parties as it could boost the chances of reaching a settlement, says Arthur Eidelhoch at Eidelhoch Mediation.