NFTs
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Morning Docket
Morning Docket: 04.24.23
* Law schools defiantly bucked U.S. News and World Report. Now they face the inevitable consequences of their own actions. [NY Times]
* Elon Musk’s management of Twitter just keeps getting worse. [Bloomberg Law News]
* NFT insider trading case begins. [Reuters]
* Bed Bath & Beyond files for bankruptcy amid sagging Beyond sales. [Law360]
* Associate latering down 66 percent. [American Lawyer]
* Fox’s Dominion settlement likely to only cost the company about three-fourths of the total. So they’ve got that going for them! [Huffington Post]
* Cop who killed Breonna Taylor has a new law enforcement job because in many offices that behavior is a feature not a bug. [Forbes]
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Biglaw, Fashion
A Bag Worth Fighting For: The MetaBirkin NFT Trademark Dispute
Above the Law's new fashion law columnist examines the Hermès-Rothschild case. - Sponsored
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Government
The IRS Is Seeking Public Comment On Whether They Should Tax NFTs Like Works Of Art
It is unclear why the IRS is making this announcement.
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Intellectual Property
NFT IP Risks Get Real In MetaBirkins Case
In short, Rothschild has no problem painting Hermes as a hypocritical trademark bully, so obsessive about protecting its bottom line that the company was willing to make an example of someone making an artistic statement using an iconic luxury item as a reference point. -
Courts
Making Sense Of The Hermès v. Rothschild Metabirkins Verdict
We asked experts for an explainer even the Web3-illiterate will understand. -
Small Law Firms
The Metaverse: What Is It? How Does It Affect Law Firms?
A new set of legal issues and advertising opportunities. -
Finance
With Trump’s NFT Trading Cards Grift, The Hypercommercialization Of Christmas Is Complete
People are waiting to pass these NFTs off to even bigger suckers at a huge profit on the secondary market. -
Tax Law
Criminal Prosecutions Of Cryptocurrency And NFT Scammers Could Increase So That Victims Can Take Advantage Of Enhanced Tax Benefits
Even if there is no indictment, crypto and NFT fraud victims can still take a theft loss if they invested the money with the intent of making a profit. - Sponsored
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Technology
Biglaw Firm Offers NFTs To Lawyers Completing Its Metaverse Course In Experiment To Shove As Many Buzzwords In A Title
Herbert Smith Freehills is going all in on emerging tech. -
Finance, Technology
What Do You Need To Know When It Comes To NFTs And The Law?
As NFTs become more popular, it's important to understand the legal issues surrounding them. -
Finance
5 Surprising Insights From The US Treasury Department’s Study Of The Global Art NFT Trade
The study doesn’t shy away from acknowledging the darker sides of the market. -
Finance
The Government Makes The First Arrests On NFT Scams
We will likely see a lot more of these arrests and prosecutions in the future. -
Intellectual Property
Caveat ENFTor
But let’s be clear, just because someone buys an NFT, that almost always also means that they don’t own the underlying copyrighted work that their hash points to on the internet.
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Morning Docket
Morning Docket: 03.18.22
* In memoriam: A son remembers a legal giant. [The Pulse]
* Gagging the 1st: 11th Circuit considers the constitutionality of a law that imposes heightened penalties on a class of protesters. [CBS 12]
* The police are called on Yale students who protested a Federalist Society lecturer. What happened to fighting speech with speech? [New York Post]
* Texas is locking up folks without filing charges or giving them lawyers. No way this is legal. [The Texas Tribune]
* Turns out Pepe does not go to the moon: 500k lawsuit follows after an NFT buyers faces the power of ctrl + v. [Notebook Check]
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Intellectual Property
Robots Rising: Should Machines Be Granted Copyrights?
Thus far, the Copyright Office has found no reason to depart from the long-standing approach of awarding copyright registrations only to humans. -
Sponsored Content, Technology
Key Emerging Legal Trends In The Digital Assets Space
Learn about the three key areas regarding emerging legal issues in the digital assets space that legal professionals should be monitoring in the year ahead. -
Finance, Intellectual Property
NFTs And Copyright: What You See Is Not What You Get
An NFT is more like a digital certificate of authenticity that proves that one owns a 'special' copy of a work of art. The purchaser is only buying a slab of code. -
Morning Docket
Morning Docket: 02.16.22
* “Wait, are we the bad guys?” The moral ambiguity of Law & Order may be indicative of our legal zeitgeist. Or something, I just write jokes. [NYT]
* One man’s consideration of financial need is another man’s price fixing. While Yale won’t like being the cause for litigation, I have a funny feeling they know a few good lawyers. [Yale Daily News]
* Tired of venture capitalist bros being the only ones insufferably discussing NFTs? Learn the legal angles now and wow your soon-to-be ex-friends! Here’s a primer. [Legalscoops]
* Prison industrial complex to human rights breach pipeline? New Jersey’s Institute for Social Justice says denying the formerly incarcerated the right to vote is a human rights violation. [Insider NJ]
* Share with them a penny for the ferryman: Houston law firm does a little democracy assistance by fronting voters’ transportation costs. [NBC DFW]
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Finance, Intellectual Property
Nike Attacks StockX In An NFT Lawsuit For Trademark Infringement And Dilution
Nike notes that the new frontier of NFTs has 'swiftly become a virtual playground for infringers to usurp the goodwill of some of the most famous trademarks in the world.' -
Intellectual Property
Hermès Lawsuit Concerning NFT-Based Infringement Should Be In The Bag
The case should cause brands to not sit around and wait for this type of infringement to occur.