Occidental Petroleum’s acquisition of Anadarko Petroleum was huge news in the oil and gas industry. The $38 billion sale was a two-year ordeal that pitted Occidental against energy giant Chevron in a bidding war. While many applauded Occidental for the acquisition, others weren’t so sure. Billionaire investor Carl Icahn has filed a lawsuit seeking access to Occidental’s books and records relating to the Anadarko acquisition. Icahn alleges the acquisition “raises very real questions about competence” due to the hefty price tag.
Kawhi Leonard is a powerhouse on the basketball court. As an NBA champion and MVP, his name earns him lucrative endorsement deals. One such deal is turning sour, as reported in a new lawsuit filed in the U.S. District Court for the Southern District of California. Leonard alleges Nike is infringing upon the copyright of his logo. The case is Leonard v. Nike, Inc. 3:2019cv01035.
Sporting events are big business for teams and their hometowns. This is the case for Tucson, Arizona, which is not only the home to the Arizona Bowl, but also the center of a lawsuit between the Arizona Bowl owners and the Arizona Sports and Entertainment Commission (ASEC).
The U.S. Securities and Exchange Commission (SEC) is floating a new proposal that proponents hope will encourage more Initial Public Offerings (IPOs) by reducing auditing requirements for smaller public companies. However, experts have pointed out the proposal creates a new grey area that leaves questions for regulators and for small businesses too.
The State of Texas is known for many things, like BBQ and live music, that bring visitors to the state. But one federal district’s reputation is sending Apple and other large companies running away. The Eastern District of Texas has become the home of “patent trolls” — individuals or companies that buy up patents and then search for companies that may be infringing on them. These patent trolls and their favored venues have been a huge and costly nuisance not only to Apple, but companies like Microsoft, Skype, and Cisco.
The oil and gas industry is often considered the backbone of the Texas economy. As a state rich in resources, the fluctuations of the oil and gas industry are felt deeply, and an optimistic industry outlook is always welcome. Upswings in the oil and gas industry, however, are frequently accompanied by upswings in related litigation.
Texans have enjoyed the Hays Street Bridge in San Antonio, Texas for decades. Originally constructed in 1881 for pedestrians and cyclists and moved to its current location in 1910, the bridge is a piece of San Antonio history. Because of this, many were surprised when the city sold the land the bridge is located on to a local brewery in 2012. The sale launched a seven-year legal battle that remains ongoing. The case is Hays Street Bridge Restoration Group v. City of San Antonio.
Tesla and SpaceX founder Elon Musk does not shy away from publicity. The entrepreneur has been on the cover of magazines and in front of cameras for years, but his recent posts on the social media site Twitter led the U.S. Securities and Exchange Commission (SEC) to take action. While Musk and the SEC have reached a settlement concerning their dispute, the episode provides a valuable lesson for business owners.
Trade secret litigation is different than other types of intellectual property litigation in that the U.S. Patent and Trademark Office does not protect trade secrets. Advances in technology are causing an increase in data and modeling use as trade secrets. This is particularly true in the energy industry, as companies develop new ways to find, extract, and process natural resources. With the rise of trade secrets litigation, some parties are trying to use their Fifth Amendment rights to prevent certain information from coming to light, which is complicating trade secret issues.