Briefings

The Legal Story Behind John Oliver’s ‘Forgiveness’ of $15 Million of Debt

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Proskauer* It was widely reported that on the June 5 episode of the HBO program, Last Week Tonight, John Oliver forgave nearly $15 million of medical debt. That’s not quite right. This blog explains what really happened and why the forgiveness did not cause the debtors to recognize “cancellation of debt income” (“COD”) for federal income

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Did Chinese Hackers Steel Trade Secrets From US Steel?

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Patterson Belknap Webb & Tyler LLP  The U.S. International Trade Commission (“ITC”) last week launched an investigation into United States Steel Corporation’s (“U.S. Steel”) complaint that Chinese hackers stole trade secret information—including proprietary methods for making lightweight steel—on behalf of Chinese steel producers. In its complaint filed with the ITC last month, U.S. Steel alleged

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New Defend Trade Secrets Act Provides Recourse Against Trade Secret Misappropriation

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Baker & McKenzie – In the U.S. alone, trade secret theft costs innovators an estimated $450 billion per year and constitutes a threat to U.S. security and the U.S. economy. Thanks to increasing employee mobility, data transfer capabilities, and globalization, trade secret loss is a growing threat to innovators worldwide.  U.S. courts have recognized the

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Big Data and How the EU Anti-Trust Authorities Will Treat It

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Skadden, Arps, Slate, Meagher & Flom LLP   On May 10, 2016, the French Competition Authority and German Federal Cartel Office published “Competition Law and Data,” a joint report on big data and its implications for competition law. The paper identifies issues that antitrust authorities should consider when assessing the interplay among big data, market power

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