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Docket Digest - April 7th, 2021

Docket Digest - April 7th, 2021
Good Afternoon,
This week’s Digest includes three legal-related stories #InTheNews.
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Without further ado… All rise.

#InTheNews - LA Chargers Sale Dispute
The NFL Team, “Los Angeles Chargers” are currently facing a dispute wherein the sister of Dean Spanos (Chairman of the team), wants the Spanos Family Trust to sell their ownership rights of the Chargers. Dean Spanos is the co-trustee of the Spanos Family Trust that owns 15% of the team and controls 36% of the group. His sister wants to sell their ownership rights to the NFL team as the alleged financial burden of the NFL team is proving to irrecoverable. The co-trustee Dean Spanos is not acting in the best interest of the Trust by not selling off their loss-making share of the NFL Team. Meanwhile, in his reply to his sister’s filing, Dean Spanos has argued that their share in Chargers carries much sentimental value for the Spanos family. They have owned 15% of the team since the 1980s, and that he hopes to turn the ownership profitable in upcoming years. Dean Spanos is also ready to buy his sister’s share in Chargers to prevent the sale of their share in Chargers. However, “hope” is not enough to save a trust. The trustee’s primary goal should be to fulfill their fiduciary duty towards the beneficiaries. An emotional attachment to the NFL Team that the co-trustees are trying to save does not help the co-trustee, Dean, fulfill his fiduciary duty towards the Trust’s beneficiaries. Therefore, Dean’s sister’s case seems to be based on a fundamental principle of the law of trusts.
#InTheNews - U.S. Postal Service v. Nike
The tables have turned for Nike, a company known for filing lawsuits in its aggressive defense of their Intellectual Property rights. The USPS has filed a lawsuit against Nike for designing USPS’ themed Air Force 1 shoes. USPS states that it will take concrete steps to protect its IP. According to USPS, it shall not sit silently while Nike uses its name and brand to sell expensive shoes without a prior licensing agreement. USPS says that a licensing agreement with Nike can result in royalties, which can be a source of income for USPS for years to come. It can also increase the fondness of consumers towards the USPS Brand. USPS has also accused Nike of being a hypocrite, as it is an aggressive defender of its IP rights while not respecting USPS’s IP rights. For example: Nike’s lawsuit against Lil Nas X’s Satan-themed Nike shoes.
#InTheNews - Ice Cube v. Robinhood
Ice Cube has filed a lawsuit against Robinhood for allegedly using his photo and likeness without his permission in Robinhood’s blogpost to promote its services. Ice Cube says that he would not want his name or image to be associated with Robinhood. He refers to Robinhood as a company looting ordinary people’s money by advertising “get rich quick” stocks to them. Ice Cube’s lawsuit’s claim is based on an absence of an endorsement deal and the likelihood of defamation. However, the premise of Ice Cube’s case seems weak. Ice Cube’s lawsuit is based on Robinhood using the line “Correct yourself, before you wreck yourself,” without a prior endorsement deal with Ice Cube. So his claim rests on proving consumers connecting the link between Ice cube’s famous song with the statement. In defense of Robinhood, the term “correct” in the statement mentioned above refers to the market corrections in tech stocks. Further, Ice Cube has never used the word “Correct Yourself” in his song “Check Yo Self.“
Thank you for reading!
Credits For Today’s Digest:
Various Content - curated by Alexander M. Baron
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