Articles Tagged with “business litigation”

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The state of California is being sued by the California Chamber of Commerce stemming from the state’s plan to auction off carbon allowances. That auction marks a crucial part of the state’s intention to reduce greenhouse gas pollution in its jurisdiction. The Chamber of Commerce initiated its business litigation in state court, alleging that the auction would constitute an unconstitutional fee or inappropriate tax.

The state, on the other hand, issued a statement indicating that it had no intention to call off its planned auction. Some industry insiders believe that putting off the state’s first auction could spell further trouble for an already weak market as far as carbon futures go. The rates for 2013 carbon allowances have already fallen substantially just since the start of August because of various issues such as rule changes, legal threats and political opposition.
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General Motors seems to be doing well for itself as far as recent business litigation goes. The well-known automaker recently won a lawsuit brought against it by the foreign university which owns the publicity rights for the late scientific genius Albert Einstein. California readers may be familiar with the business litigation suit, which dealt with GM’s use of Einstein’s image in an ad published in People magazine back in 2009.

GM’s use of the famous scientist’s image was vindicated by a U.S. District Court judge, who ruled that Einstein numbers among those ultimate public figures that should be freely available for the public to use in personal expression. The judge said that this should be the case even when the personal expression runs in the form of “tasteless” advertisements. According to him, Einstein embodies genius, and his image has been imprinted upon the cultural heritage of our country.
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Business litigation can often seem relatively complicated compared to lawsuits filed between average citizens. A recent group of business litigation cases revolving around famed social media network Facebook could be considered even more complex than most. A slew of lawsuits have been filed in various states, including California, in the wake of the network’s less-than-stellar stock market debut. Before any of those cases can play out, however, a panel made up of several federal judges is considering whether it should consolidate the cases together and, if so, where they will be tried.

These lawsuits arose after investors decided to sue over the fact that Facebook’s public offering debut seemed to be shadowed by a series of technical troubles. There were also accusations that company insiders leaked unflattering tidbits about the company’s actual financial prospects to certain favored investors. Since the day of its public debut, the price for shares of Facebook stock has plummeted as much as 50 percent from its initial $38 value.
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