On Wednesday, November 9, 2016, Navinder Sarao pled guilty to spoofing and wire fraud before Judge Virginia Kendall in the Northern District of Illinois. After unsuccessfully fighting his extradition from the UK, Sarao became the second person found liable for violating Dodd-Frank’s anti-spoofing statute after Michael Coscia was convicted last year.
As large financial institutions partner with Fintech start-ups to test blockchain technology, it is no surprise that governments are also experimenting with blockchain to see any potential savings in transaction costs when clearing and settling payments. Recently, the national governments of Canada and the United Kingdom tested the technology. The Central Bank of Canada conducted a trial in conjunction with the New York based start-up R3 CEV, whereby … Read More
Igor Oystacher, the now-infamous trader nicknamed “the Russian,” and his proprietary trading firm, 3Red Trading, informed the Northern District of Illinois on October 19, 2016, that the parties agreed to settle with the CFTC on the agency’s spoofing allegations. The settlement announcement came after Oystacher and 3Red failed to convince the court to dismiss the case in September 2016. Yet, … Read More
Effective Jan. 14, 2017, the U.S. Patent and Trademark Office (USPTO) will be revising its fee schedule. The upcoming changes are set forth in full in this final rule and summarized in this USPTO publication. Most fees will increase, as the USPTO attempts to “align fees with full costs.” At the same time, the changes aim to make electronic filing … Read More
This article discusses how original dance choreography can be protected from imitation, so that choreographers can protect and profit from their creativity and hard work. Prior to the Copyright Act of 1976 (the “Act”), a choreographer’s right to his or her work was uncertain. Since the enactment of the Act, “choreographic works” have been expressly included among the categories of … Read More
When we’re sitting on the couch at home watching TV, it’s easy to forget how much effort and resources went into creating that content. In most circumstances, film production entails a significant investment on the part of the filmmakers and their financiers. These funds, in turn, create jobs and generate revenue. Many state governments have realized the impact that film … Read More
The previous post of this segment explained possible avenues for extracting monetary value from creative content. Ted Reilly also gave his take on why he views creative content as an emerging alternative asset class.
Part 3 of our Art and the Art of Raising Money series focused on certain factors of production and distribution that correlate with a film’s financial success. All three of our panelists agreed that the best strategy involves investing in a promising production team. The remaining portion of the event was opened up to the audience for questions, and it … Read More
In the previous post, we delved into the checklist that many investors use when deciding whether or not to invest in a given film. The accompanying event footage featured each panelist’s thoughts about the factors that attract them to certain projects.
In the first post of this series, we introduced the program Art and the Art of Raising Money: Funding Film, which Ziliak Law cosponsored in June. The first post focused on equity versus non-equity funding sources for films.
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