College athletes (and potentially their high school counterparts) will soon be able to be paid for the use of their names, images, and likenesses (NILs). The laws and/or NCAA bylaws that will govern NIL deals have not been finalized, but college athletes will almost certainly be able to begin monetizing their NILs later this year.
As Citigroup Inc. attempts to recover $504 million it accidentally sent to asset managers for Revlon Inc., a 30-year-old legal precedent is making it difficult to get the half billion-dollar decision overturned. Last summer, instead of making an interest payment as administrative agent on the Revlon loan, Citibank paid the full outstanding $900 million out
Kennyhertz Perry is excited to welcome attorney Dan Saathoff to the firm. Dan’s practice focuses on retail, restaurants, and real estate. He represents a variety of clients in both business and litigation matters. An accomplished transactional attorney, Dan routinely represents his clients through the negotiation of critical business agreements, including commercial leases, vendor contracts, and
With the impact Covid-19 had on the past year, Missouri Lawyers Media is proud to honor the chairpersons, managing partners, and other law firm executives who demonstrated extraordinary vision, innovation, and leadership despite the limitations. Those honored in the legal community have stood tall and continued to find ways to protect employees and clients while
Kennyhertz Perry is excited to welcome Kelly Bieri as the new Firm Manager. Prior to joining the firm, Kelly was a partner at Shook, Hardy, and Bacon, where she practiced law for 15 years. Her practice primarily focused on pharmaceutical and medical device product liability, general tort, and reinsurance and insurance coverage litigation. In her
Out of 125 litigation attorneys in Kansas City, Expertise selected Kennyhertz Perry as Top 20 for 2021. The goal of Expertise is to connect people with the best local experts using their selection criteria in the categories of availability, qualifications, reputation, experience, and professionalism. Kennyhertz Perry is proud to be honored for the third time
Without looking it up, most people might guess that the Federal Motor Carrier Safety regulations (“FMCSRs”) apply only to companies operating 18 wheelers and large passenger buses. Those guesses would be wrong. The FMCSRs apply to all businesses with at least one “commercial motor vehicle” (“CMV”) under its operation. Though there are multiple definitions of
In addition to a new round of state-level college athlete name, image, and likeness (NIL) bills that are currently being introduced, a new federal NIL bill co-authored by Senator Chris Murphy and Representative Lori Trahan was introduced last week. Unlike the other federal and state bills that have either been passed or introduced, the new
Operation CBDeceit now aims to crack down on CBD operators’ misinformation and mislabeling on products. This long-running concern, claiming that the drug treats medical conditions, is what the U.S. Federal Trade Commission (FTC) is attempting to rein in. In 2017, Penn University found that nearly 70% of extracts sold online were mislabeled and concluded the
In December of 2020, Coinbase announced it had filed preliminary private paperwork with the Securities and Exchange Commission to go public. Within days of this announcement, derivatives exchange FTX created a synthetic Pre-IPO futures contract that went as high as $317. At its peak, the exchange’s implied market cap hit a valuation of over $75
Kennyhertz Perry attorney Mit Winter was recently featured in an article by The Gazette discussing the NCAA’s proposed bylaw changes that would allow NCAA Division I college athletes to be paid for the use of their names, images, and likenesses (NIL). The NIL bylaws are currently scheduled to be voted on next week. If the
Last week, Citibank wrapped up its six-day trial after one of the biggest banking errors in recent memory. The error occurred when Citibank accidentally wired a payment of $900 million from its own pocket. Some recipients returned the funds, but Citibank had to sue for the remaining 500 million or so. The judge in the
