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Earnings Release: Here's Why Analysts Cut Their Morphic Holding, Inc. (NASDAQ:MORF) Price Target To US$29.67

It's been a pretty great week for Morphic Holding, Inc. (NASDAQ:MORF) shareholders, with its shares surging 16% to...





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Upgrade: Analysts Just Made A Captivating Increase To Their Meritage Homes Corporation (NYSE:MTH) Forecasts

Shareholders in Meritage Homes Corporation (NYSE:MTH) may be thrilled to learn that the analysts have just delivered a...





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Did Argo Gold Inc. (CSE:ARQ) Insiders Buy Up More Shares?

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...





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The Independent Director of Northwest Bancshares, Inc. (NASDAQ:NWBI), Timothy Hunter, Just Bought 34% More Shares

Potential Northwest Bancshares, Inc. (NASDAQ:NWBI) shareholders may wish to note that the Independent Director...





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Does NextEra Energy, Inc.'s (NYSE:NEE) Recent Track Record Look Strong?

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more...





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Shaw (SJR) Up 0.8% Since Last Earnings Report: Can It Continue?

Shaw (SJR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.





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Ranking World Series champs since 2000: 10-6




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Ranking World Series champs since 2000: 5-1




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Miletello v. R M R Mechanical, Inc.

(United States Fifth Circuit) - Held that a deceased man's ex-wife was entitled to a specified portion of his 401(k) retirement account balance. Affirmed a summary judgment ruling, in a dispute between his ex-wife and his widow.




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Freedom from Religion Foundation, Inc. v. Rodgers

(United States Ninth Circuit) - In a 42 U.S.C. Section 1983 dispute involving the standing of a tax exempt claimant to intervene in a challenge to an unrelated action on the constitutionality of claimed exemptions, IRC sections 107 and 265(a)(6), judgment of the district court denying intervention is affirmed in part and vacated in part because motion to intervene as a matter of right is thwarted by the presumption of adequate representation, where the district court erred in apply an incorrect rule on the issue of permissive intervention.




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Congregational Rabbinical College of Tartikov, Inc. v. Town of Ramapo

(Court of Appeals of New York) - In a dispute arising from the revocation of plaintiff's religious tax exempt status, RPTL section 420-a (1)(a), judgment of the appellate division reversing revocation is affirmed, because defendant-township failed to prove its burden that the subject property is now subject to taxation where the sole use of the property has been the operation of a summer camp with a religious curriculum.




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Kennedy v. St. Joseph's Ministries, Inc.

(United States Fourth Circuit) - In an interlocutory appeal from a judgment of the district court denying defendant's motion for summary judgment in a Title VII complaint alleging religious discrimination, judgment is reversed where the plain language of 42 U.S.C. section 2000e-1(a) bars plaintiff's claims.




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Behrmann v. National Heritage Foundation, Inc.

(United States Fourth Circuit) - District Court affirmance of bankruptcy court order confirming Chapter 11 reorganization plan of nonprofit public charity is vacated and case remanded where: 1) bankruptcy court did not make specific factual findings explaining why it approved and included certain release, injunction, and exculpation provisions applicable to nondebtors; and 2) appeal was not equitably moot.




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Regional Economic Community Action Program, Inc. v. Enlarged City School District of Middletown

(Court of Appeals of New York) - In a tax-exempt charitable organization's action against a school district seeking to recoup erroneously paid taxes, summary judgment in favor of the school district is affirmed, where: 1) the school district was entitled to rely on the one-year statute of limitations in Education Law section 3813(2-b) rather than the general six-year period for contract actions; and 2) the taxpayer's cause of action for money had and received accrued when it paid the taxes, which was more than one year before it filed suit.




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Ocean Pines Ass'n, Inc. v. Comm'r of Internal Revenue

(United States Fourth Circuit) - On petition for a redetermination of federal income tax deficiencies brought by a 501(c)(4) nonprofit homeowners association, the Tax Court's ruling against the association is affirmed, where the net income derived by the association from its parking lots and beach club benefitted the private interests of the association members rather than the general public, and therefore was not "substantially related" to the association's purpose of promoting social welfare, but rather was taxable as "unrelated business taxable income" under IRC sections 511-513.



  • Property Law & Real Estate
  • Tax Law
  • Tax-exempt Organizations

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Minorty Television Project, Inc. v. Federal Communications Comm'n

(United States Ninth Circuit) - In a challenge to federal statutory restrictions on certain types of advertising by public broadcast TV stations, the district court's grant of summary judgment to the FCC is: 1) affirmed in part, where 47 U.S.C. section 399b(a)(1), restricting paid advertisements for goods and services on behalf of for-profit corporations, was not an unconstitutional speech restriction under the intermediate scrutiny standard; 2) reversed in part, where sections 399b(a)(2) and (3), restricting public-issue advertisements and political advertisements, were unconstitutional speech restrictions under intermediate scrutiny, as there was no evidence of harm to a substantial governmental interest.




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Soc'y of the Holy Transfiguration Monastery, Inc. v. Archibishop Gregory of Denver

(United States First Circuit) - In a dispute between two monasteries for copyright infringement of a religious text, district court's judgment in favor of the plaintiff is affirmed, as the plaintiff has established both elements of an infringement claim of actual copying and actionable copying, and all of the defenses set forth by the defendant are without merit.




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In the Matter of State of Merry-Go-Round Playhouse, Inc. v. Assessor of City of Auburn

(Court of Appeals of New York) - In this case, petitioner, a not-for-profit theater corporation, filed applications for real property tax exemptions with respondent assessor and was denied. Petitioner then commenced this RPTL article 7 proceeding for review of its tax assessments. Order of the Appellate Division granting the petition is affirmed, where: 1) the statute does not elevate one exempt purpose over another, and under the circumstances, the use of property to provide staff housing is reasonable incidental to petitioner's primary purpose of encouraging appreciation of the arts through theater; and 2) petitioner has demonstrated that it is entitled to an RPTL 420-a tax exemption.



  • Property Law & Real Estate
  • Tax Law
  • Tax-exempt Organizations

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In the Matter of State of Maetreum of Cybele, Magna Mater, Inc. v. McCoy

(Court of Appeals of New York) - In this case, petitioner, a not-for-profit religious corporation that owns real property, commenced proceedings pursuant to CPLR article 78 and RPTL article 7 after respondent Board of Assessment and Review for the Town of Catskill refused petitioner's applications for tax-exempt status pursuant to RPTL 420-a. The Appellate Division's grant of the petitions is affirmed, where petitioner adequately established its entitled to the RPTL 420-a exemption, as the proof at trial established that petitioner "exclusively" utilized the property in furtherance of its religious and charitable purposes.



  • Property Law & Real Estate
  • Tax Law
  • Tax-exempt Organizations

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J.W. v. Watchtower Bible and Tract Society of New York, Inc.

(California Court of Appeal) - Affirmed a $4 million default judgment against the Jehovah's Witness religious organization, in a lawsuit brought on behalf of a child who allegedly was sexually molested by a congregation elder. The default judgment was a sanction for the religious organization's refusal to produce certain documents in discovery.




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St. Joan Antida High School Inc. v. Milwaukee Public School District

(United States Seventh Circuit) - Revived a parochial school's claim that its students were being denied state‐funded bus transportation equivalent to public-school students, contrary to Wisconsin law and the Equal Protection Clause. Reversed summary judgment in relevant part and remanded.




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Brown v. Pacifica Foundation, Inc.

(California Court of Appeal) - Held that a board member of a nonprofit corporation was not entitled to a preliminary injunction barring her from being removed from the board. Reversed a preliminary injunction, in this case involving a nonprofit that operates public radio stations.




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Cohen v. Kabbalah Centre International Inc.

(California Court of Appeal) - Held that a woman who made a sizeable donation to a San Diego spiritual group had no right to obtain her money back. Affirmed a summary adjudication in relevant part, rejecting her fraud and other claims.



  • Tax-exempt Organizations
  • Injury & Tort Law

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Friedman v. Live Nation Merchandise, Inc.

(United States Ninth Circuit) - In a copyright action, arising from defendant's infringement of plaintiff's photos of the hip hop group Run-DMC for use on t-shirts and a calendar, the district court's grant of summary judgment to defendant Live Nation Merchandise is reversed where: 1) there is a triable issue of fact as to whether defendant's infringement was willful; and 2) plaintiff could prevail upon a showing that defendant knew that copyright management information had been removed from the photos.




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McRO, Inc. v. Bandai Namco Games Am. Inc.

(United States Federal Circuit) - In an infringement action involving patents that relate to automating part of a preexisting 3-D animation method, the District Court's grant of judgment on the pleadings under Fed. R. Civ. P. 12(c) that the asserted claims of the patent are invalid, is reversed where the ordered combination of claimed steps, using unconventional rules that relate sub-sequences of phonemes, timings, and morph weight sets, is not directed to an abstract idea and is therefore patent-eligible subject matter under 35 U.S.C. section 101.




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EMI Christian Music Grp., Inc. et al. v. MP3tunes, LLC

(United States Second Circuit) - In a copyright infringement action brought by record companies and music publishers against internet music services that allowed users to search for free music, dealing with the requirement of the Digital Millennium Copyright Act (DMCA) safe harbor that an internet service provider adopt and reasonably implement a policy to terminate repeat infringers, under 17 U.S.C. section 512, the District Court's grant of partial summary judgment in favor of defendants and decision overturning a jury verdict in favor of plaintiffs is: 1) vacated as to partial summary judgment to the defendants based on the conclusion that defendant qualified for safe harbor protection under the DMCA because the District Court applied too narrow a definition of 'repeat infringer'; 2) reversed as to judgment as a matter of law to the defendants on claims that defendant permitted infringement of plaintiffs' copyrights in pre‐2007 MP3s and Beatles songs because there was sufficient evidence to allow a reasonable jury to conclude that defendant had red‐flag knowledge of, or was willfully blind to, infringing activity involving those categories of protected material; 3) remanded for further proceedings related to claims arising out of the District Court’s grant of partial summary judgment; and 4) affirmed in all other respects.




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EMI Christian Music Grp., Inc. et al. v. MP3tunes, LLC

(United States Second Circuit) - In an amended opinion involving a copyright infringement action brought by record companies and music publishers against internet music services that allowed users to search for free music, dealing with the requirement of the Digital Millennium Copyright Act (DMCA) safe harbor that an internet service provider adopt and reasonably implement a policy to terminate repeat infringers, under 17 U.S.C. section 512, the District Court's grant of partial summary judgment in favor of defendants and decision overturning a jury verdict in favor of plaintiffs is: 1) vacated as to partial summary judgment to the defendants based on the conclusion that defendant qualified for safe harbor protection under the DMCA because the District Court applied too narrow a definition of 'repeat infringer'; 2) reversed as to judgment as a matter of law to the defendants on claims that defendant permitted infringement of plaintiffs' copyrights in pre‐2007 MP3s and Beatles songs because there was sufficient evidence to allow a reasonable jury to conclude that defendant had red‐flag knowledge of, or was willfully blind to, infringing activity involving those categories of protected material; 3) remanded for further proceedings related to claims arising out of the District Court’s grant of partial summary judgment; and 4) affirmed in all other respects.




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Flo & Eddie, Inc. v. Sirius XM Radio, Inc.

(United States Second Circuit) - In a copyright infringement suit brought by the company that owns the recordings of the Turtles, a well-known rock band with a string of hits in the 1960s, on behalf of itself and a class of owners of pre-1972 recordings against largest radio and internet-radio broadcaster in the U.S., the district court's denial of defendant's motions for summary judgment and reconsideration is reversed where, in response to questions certified to the New York Court of Appeals, New York common law does not recognize a right of public performance for creators of pre-1972 sound recordings.




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Douglas Jordan--Benel v. Universal City Studios, Inc.

(United States Ninth Circuit) - In the appeal of a breach of contract and copyright infringement case involving the movie 'The Purge,' the district court's denial of defendant's anti-SLAPP motion to strike a state law claim for breach of implied-in-fact contract, is affirmed where the breach of contract claim did not arise from an act in furtherance of the right of free speech since the claim was based on defendants' failure to pay for the plaintiff's idea, not the creation, production, distribution, or content of the films.




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ABS Entertainment, Inc. v. CBS Corp.

(United States Ninth Circuit) - Reinstated claims for violation of California law copyrights possessed in certain musical performance sound recordings. The plaintiff copyright holders argued that their decision to remaster their pre-1972 analog sound recordings onto digital formats did not bring the remastered sound recordings exclusively under the ambit of federal law. Agreeing with the plaintiffs that their state law copyright claims were not preempted, the Ninth Circuit reversed the entry of summary judgment for the defendant radio broadcasters.




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Ronnie Van Zant, Inc. v. Cleopatra Records, Inc.

(United States Second Circuit) - Vacated an injunction that prevented a movie producer from releasing a film about the rock band Lynyrd Skynyrd. Held that a consent order settling a 1988 lawsuit concerning band members' rights to make films about the band did not support the issuance of an injunction here.




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ABS Entertainment Inc. v. CBS Corp.

(United States Ninth Circuit) - In an amended opinion, reinstated musical recording owners' claims that radio broadcasters violated their state law copyrights in pre-1972 analog sound recordings that were later remastered onto digital formats. Reversed the entry of summary judgment for the broadcasters and also reversed the striking of the plaintiffs' class certification motion.




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National Association of African American-Owned Media v. Charter Communications, Inc.

(United States Ninth Circuit) - Held that an African American-owned operator of television networks sufficiently pleaded a claim that a cable television operator refused to enter into a carriage contract based on racial bias, in violation of 42 U.S.C. section 1981. Also, the section 1981 claim was not barred by the First Amendment. On interlocutory appeal, affirmed denial of a motion to dismiss.




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Capitol Records, LLC v. ReDigi Inc.

(United States Second Circuit) - Affirmed a finding of copyright infringement, in a lawsuit that involved copyrighted music recordings resold through an internet platform. The suit was brought by several record companies.




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Guthrie Healthcare Systems v. ContextMedia, Inc.

(United States Second Circuit) - In a trademark suit brought by a provider of healthcare services against a provider of digital health-related content, the District Court's injunction which prohibited defendant from using its marks within plaintiff’s geographic service area, but placed no restriction on defendant's use of its marks on the Internet or outside plaintiff's service area, is affirmed but remanded for expansion of the injunction's scope, where the current limitations placed on defendant were based on an incorrect standard and fail to give plaintiff and the public adequate protection from likely confusion.




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Oakville Hills Cellar, Inc. v. Georgallis Holdings, LLC

(United States Federal Circuit) - In a vineyard-plaintiff's appeal of a decision of the United States Patent and Trademark Office (PTO) Trademark Trial and Appeal Board dismissing its opposition to an application filed by defendant to register a MAYARI mark for use on wine, the Board's decision is affirmed where substantial evidence supports the Board's finding that plaintiff's registered mark MAYA and defendant's applied-for mark MAYARI are sufficiently dissimilar.




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Cross Commerce Media, Inc. v. Collective, Inc.

(United States Second Circuit) - In a trademark infringement dispute between software companies over several trademarks containing the word 'collective,' the District Court's granted summary judgment to Cross Commerce Media on virtually all points in dispute and awarded attorney's fees under the Lanham Act are reversed in part where: 1) the unregistered mark 'collective' is suggestive, not descriptive; 2) there is a genuine dispute of material fact as to whether CI used the unregistered mark 'collective' in commerce before CCM introduced its allegedly infringing marks; 3) the district court prematurely granted summary judgment as to CI's counterclaim for infringement of the registered marks, an action that neither party requested and the district court did not explain; and 4) there is a genuine dispute of material fact as to whether CI abandoned its registered marks 'Collective Network' and 'Collective Video.' Award of attorney fees is vacated.




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In Re: Jobdiva, Inc.

(United States Federal Circuit) - In a trademark case to determine whether appellant used its marks in connection with personnel placement and recruitment services, or whether the Trademark Trial and Appeal Board correctly held that it failed to do so because it used its marks on software offerings, without more, the Board's decision is vacated where proper question is whether appellant, through its software, performed personnel placement and recruitment services and whether consumers would associate appellants registered marks with personnel placement and recruitment services, regardless of whether the steps of the service were performed by software.




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Covertech Fabricating Inc v. TVM Building Products Inc.

(United States Third Circuit) - In a trademark dispute in which no written contract designates ownership, involving the paradigm through which common law ownership of an unregistered trademark is determined when the initial sale of goods bearing the mark is between a manufacturer and its exclusive distributor, the district court's judgment is: 1) affirmed on alternative grounds as to ownership, where the court failed to recognize and apply the rebuttable presumption of manufacturer ownership that pertains where priority of ownership is not otherwise established; 2) affirmed as to fraud and acquiescence; and 3) vacated and remanded on damages under the Lanham Act, where the court incorrectly relied on gross sales unadjusted to reflect sales of infringing products to calculate damages.




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Elliot v. Google, Inc.

(United States Ninth Circuit) - In an action under the Lanham Act, seeking cancellation of the GOOGLE trademark on the ground that it is generic, the district court's summary judgment in favor of defendant Google is affirmed where: 1) a claim of genericness or 'genericide,' where the public appropriates a trademark and uses it as a generic name for particular types of goods or services irrespective of its source, must be made with regard to a particular type of good or service; 2) the district court thus correctly focused on internet search engines rather than the 'act' of searching the internet; and 3) the verb use of the word 'google' to mean 'search the internet,' as opposed to adjective use, did not automatically constitute generic use.




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Marketquest Group, Inc. v. BIC Corp.

(United States Ninth Circuit) - Reversing the district court's summary judgment to the defendants in a trademark infringement suit, finding that genuine issues of material fact existed regarding whether defendant's use of 'all-in-one' was protected by the fair use defense and that the district court erred in applying fair use analysis after determining that plaintiff presented no evidence of likely confusion.




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Stone Creek, Inc. v. Omnia Italian Design, Inc.

(United States Ninth Circuit) - Affirming that a 1999 amendment to trademark statutes did not eliminate the plaintiff's requirement that they establish wilfulness to justify the award of defendant's profits in a trademark infringement case, but reversing the holding that the defendant's mark was not likely to cause confusion and remanding for inquiry into intent.




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Parks LLC v. Tyson Foods, Inc.

(United States Third Circuit) - Affirming a summary judgment to the defendant Tyson Foods in a dispute involving their use of the word 'Parks' in reference to hotdogs where the plaintiff once held trademark on this word's use to sell hotdogs until it failed to renew the trademark in the early 2000's.




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Twentieth Century Fox Television v. Empire Distribution, Inc.

(United States Ninth Circuit) - Affirming the district court's summary judgment in favor of Fox, holding that their use of the name 'Empire' was protected by the First Amendment and therefore was outside of the reach of the Lanham Act and their use of the word as a show title did not infringe on a record label's trademark rights.




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Eat Right Foods Ltd. v. Whole Foods Market, Inc.

(United States Ninth Circuit) - Vacating the district court's grant of summary judgment to the defendant, Whole Foods, in a trademark infringement case, affirming the denial of plaintiff's motion for summary judgment, and remanding a case in which disputed material facts relating to the affirmative defenses of laches and acquiescence hadn't been resolved in the case of a company that used to sell EatRight cookies to Whole Foods, who later began marketing food products under the mark EatRight America.




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Moldex-Metric, Inc. v. McKeon Products, Inc.

(United States Ninth Circuit) - Reversing the district court's summary judgment in favor of the defendant in a suit for trademark infringement relating to foam earplugs in a specific bright green color used by the plaintiffs in their earplugs because the district court's conclusion that the green color mark was functional and therefore not protectable as trade dress was in error. The existence or nonexistence of alternative designs is probative of functionality or nonfunctionality and a genuine issue of fact regarding whether the color was functional remained.




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Pinkette Clothing, Inc. v. Cosmetic Warriors LTD

(United States Ninth Circuit) - Judgment affirmed in favor of plaintiff regarding a trademark infringement matter. The court held that because of the delay of the defendant in challenging plaintiff's trademark, the doctrine of laches could be used as a defense. Further, the district court did not abuse its discretion in declining to apply the doctrine of unclean hands or the inevitable confusion doctrine against plaintiff.




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Gordon v. Drape Creative, Inc.

(United States Ninth Circuit) - Held that greeting-card companies were not entitled to summary judgment against a trademark infringement suit. The companies insisted that they did not violate the Lanham Act by producing greeting cards that contained phrases similar to one trademarked by a comedy writer who had posted a popular YouTube video known for its catchphrase Honey Badger Don't Care. However, the Ninth Circuit found genuine issues of material fact, and thus reversed and remanded for further proceedings on the comedy writer's claims.




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Zheng CAI v. Diamond Hong, Inc.

(United States Federal Circuit) - Affirmed the decision of the U.S. Patent and Trademark Office’s decision cancelling registration of plaintiff’s trademark for a green tea product due to the likelihood of confusion with defendant’s registered mark.




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Plixer International, Inc. v. Scrutinizer GMBH

(United States First Circuit) - Held that the exercise of specific personal jurisdiction over a German company in a trademark infringement action did not violate due process. The German company, which operated an English-language website, argued that it lacked the requisite minimum contacts with the United States. Disagreeing, the First Circuit affirmed the district court's ruling that the exercise of personal jurisdiction was constitutional.