A trademark battle is brewing between two major sporting goods companies over one of the most popular names in the NFL. Nike, which will soon become the official supplier of licensed NFL apparel, is suing Adidas' Reebok International for using quarterback Tim Tebow's name on its New York Jets-related clothing.
As Facebook prepares its initial public offering in the stock market later this spring, it's facing a steady stream of lawsuits from old friends, collaborators and others claiming to have an interest in the social networking site. This type of commercial litigation is fairly common before a company files an IPO. The question is whether the lawsuits are legitimate.
A possible $29.1 billion merger that would create the largest pharmacy-benefits manager in the U.S. could be delayed if five states opposing it decide to go forward with a lawsuit.
It's become a fairly common workplace ritual: A group of co-workers routinely chip in a few dollars to play the lottery, hoping to increase their jackpot chances with the understanding that they'll divide any winnings evenly across the board. At least that's supposed to be the understanding. What would you do if one of your co-workers decided to collect without telling anyone else?
The up-and-coming social networking site Pinterest has announced a new initiative to protect intellectual property from copyright infringement. The service, which is essentially a virtual bulletin board, allows members to post links, pictures and other information on a personalized page. This format has raised concerns about copyright protection because the site may encourage unauthorized sharing.
A consumer coalition dedicated to health care reform has filed lawsuits against eight major pharmaceutical companies, claiming their popular coupon programs for brand-name prescription drugs are illegal. The coalition is seeking class-action status in its commercial litigation on behalf of insurance plans that could make up more than 60 percent of the U.S. healthcare market.
A survey of attitudes toward intellectual property recently conducted by Columbia University in New York found that an astonishing 70 percent of all respondents in the 18- to 29-year-old age group admitted to having downloaded, copied or purchased movies, television shows or music in violation of copyright laws. The percentage of all adults who engaged in such activities is 46 percent, or almost half, but among young people, it is the overwhelming majority.
Most small businesses rely heavily on their banks for growth and sustenance. Loans provide a business with capital to start or expand, and to help them manage the money they already have. If a bank changes the terms of its contract with a business, it can put the company in serious jeopardy.