Tag Archives: bankruptcy

Financial Daily Dose 1.8.2020 | Top Story: Speaker Company Sonos Sues Google for Patent Infringement

BY: Michael D. Reif | January 8, 2020

Home speaker maker Sonos has sued Google, accusing the company of “infringing on five of its patents, including technology that lets wireless speakers connect and synchronize with one another.” Sonos had originally partnered with Google in 2013 on a music service that would work easily with Sonos’ speakers (back when Google was merely “an internet … Continue reading

Financial Daily Dose 11.22.2019 | Top Story: WeWork Cuts Nearly 20% of Global Workforce

BY: Michael D. Reif | November 22, 2019

The first cuts from WeWork hit this week, and they’ll take the form of 2,400 employees around the world—some 20% of the struggling company’s workforce – NYTimes and WSJ and MarketWatch and CNBC Chinese officials have invited American negotiators to participate in a new round of in-person talks “as both sides are struggling to strike … Continue reading

Financial Daily Dose 10.1.2019 | Top Story: Credit Suisse COO Resigns in Wake of Corporate Spying Scandal

BY: Michael D. Reif | October 1, 2019

Top Tidjane Thiam ally Pierre-Olivier Bouee, Credit Suisse’s COO, has resigned in the wake of an internal probe finding that he “ordered the surveillance of the bank’s former wealth-management chief, Iqbal Khan, without discussing it with Mr. Thiam or other senior bank officials.” Khan left Credit Suisse to join rival UBS Group today – WSJ … Continue reading

Financial Daily Dose 9.18.2019 | Top Story: Fed Carries Out Rare Market Operation to Steady Rates

BY: Michael D. Reif | September 18, 2019

The Federal Reserve took the rare step yesterday of stepping “into financial markets . . . to keep interest rates from rising above its target, the first time the central bank has had to carry out this type of ‘market operation’ since the global financial crisis.” The NY Fed carried out the maneuver—though not without … Continue reading

Financial Daily Dose 9.12.2019 | Top Story: Purdue Pharma Reaches Tentative Comprehensive Opioid Crisis Settlement

BY: Michael D. Reif | September 12, 2019

After weeks of rumors, Purdue Pharma and its owners, the Sackler family, have tentatively reached a “wide-ranging settlement with thousands of municipal governments, states and tribes nationwide that are suing the pharmaceutical industry for the devastation resulting from the opioid epidemic.” Deal specifics are far from final, but under the current outline, Purdue would file … Continue reading

Financial Daily Dose 7.2.2019 | Top Story: OPEC Nations Cut Production into 2020

BY: Michael D. Reif | July 2, 2019

OPEC nations met yesterday and agreed to continue their production cutting goals into 2020 in an effort to, according to the experts, “prop[] up prices while demand for oil is weakening” – NYTimes and Bloomberg Beverage giant AB InBev is launching a massive Hong Kong-based IPO for its Asia Pacific beer unit that’s expected to … Continue reading

SCOTUS Sides with Trademark Licensees in Circuit Split over Contract Rejection

BY: Michael Kolcun | May 22, 2019

The Supreme Court has ruled that trademark owners cannot use bankruptcy law to reject an existing contract and thereby rescind a licensee’s right to continue using their marks. Mission Product Holdings v. Tempnology, LLC involved Tempnology’s licensing of its “Coolcare” trademarks to Mission, a sports company specializing in the manufacture of athletic apparel designed to … Continue reading