United States: What we read this week [February 25, 2022]
To print this article, all you need to do is be registered or log in to Mondaq.com.
Companies are facing rising costs as supply chain issues continue to disrupt the economy, according to Reuters. Businesses have struggled to keep up with demand for consumer goods, which has soared during the pandemic. Costs include rising raw material prices due to the shutdown of factory production and backlogs of ships waiting to unload cargo at US ports. In addition, employers must also consider wage increases to attract and retain talent to ensure goods are produced and delivered as quickly as possible, as labor shortages further exacerbate the supply chain crisis. supply. [Reuters; Feb. 25,
Yahoo Finance reports that the Federal Reserve suggested raising interest rates in its semi-annual report to Congress, which was released on Friday. Citing a “strong” US labor market, the Fed plans to raise rates at its March 15 meeting to counter high inflation. The Fed report also noted that the drop in interest rates to near zero at the start of the pandemic contributed to higher prices for riskier securities. [Yahoo
Finance; Feb. 25, 2022]
According to Law360, Disney is once again battling a copyright infringement lawsuit from writer Jeffrey Scott, who claims the entertainment company stole his idea for a ‘Muppet Babies’ spin-off during from his 2018 reboot of the popular 1980s children’s show. Scott previously sued Disney in October 2020, alleging that Disney, which acquired Marvel Productions, breached its production agreement with the creator of Marvel and Muppets , Jim Henson, by not paying him royalties and fees while employing his ideas for the reboot. The federal district judge in that case dismissed the suit, ruling that Scott lacked standing because the debts were an asset of his bankruptcy. The Chapter 7 trustee in Scott’s bankruptcy case revived the copyright infringement lawsuit, filing a lawsuit on behalf of the bankruptcy estate in California federal court last Friday. [Law360; Feb. 22,
Visit us at mayerbrown.com
Mayer Brown is a global provider of legal services comprised of law firms that are separate entities (the “Mayer Brown Firms”). The Mayer Brown firms are: Mayer Brown LLP and Mayer Brown Europe – Brussels LLP, two limited liability companies established in Illinois in the United States; Mayer Brown International LLP, a limited company incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales under number OC 303359); Mayer Brown, a SELAS based in France; Mayer Brown JSM, a partnership of Hong Kong and its associated entities in Asia; and Tauil & Checker Advogados, a Brazilian legal partnership with which Mayer Brown is associated. “Mayer Brown” and the Mayer Brown logo are registered trademarks of Mayer Brown law firms in their respective jurisdictions.
© Copyright 2020. Mayer Brown Practices. All rights reserved.
This article by Mayer Brown provides information and commentary on interesting legal issues and developments. The foregoing is not a complete treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action regarding the matters discussed here.
POPULAR ARTICLES ON: Insolvency/Bankruptcy/Restructuring from the United States