The June 9 decision hewed closely to the US Court of Appeals for the Third Circuit’s analysis earlier this year in its dismissal of a Johnson & Johnson subsidiary’s bankruptcy on similar grounds.
The two rulings are a pair of major setbacks for solvent companies eyeing bankruptcy to handle mass tort liabilities—a practice that has seen substantial growth in recent years.
Read more at Bloomberg Law
Various companies, including Nike Inc., Campbell Soup Co. and American Apparel, filed briefs backing Jack Daniel’s, saying the appeals court’s interpretation of the law threatened trademark protections that shield the value of iconic brands.
Read more at NBC News
The Securities and Exchange Commission (SEC) showed it isn’t pulling punches by going after the two most prominent names in the business, Binance and Coinbase, slapping them both with lawsuits accusing them of registered securities violations.
Read more at Forbes
There are three bills in a package passed by legislators. HB 4250 says an individual “shall not hold or use a mobile electronic device while operating a motor vehicle.” The wording expands previous regulations that prohibited texting while driving — social media use and other activities were not previously addressed.
Read more at Lansing State Journal
