Writing for Law360, John Loughnane Outlines Lessons for Lenders and IP Licensees from Sixth Circuit RulingPrint PDF
John G. Loughnane, a partner in the Business Department, wrote an article evaluating the United States Court of Appeals for the Sixth Circuit’s recent decision in Cyber Solutions International LLC v. Pro Marketing Sales Inc. In the article, “6th Circ. Case Offers Lessons For Lenders And IP Licensees”, John analyzed the facts of the case and how the rulings offer important lessons for both lenders and licensees. He points out that risk-taking, essential to entrepreneurial efforts, should be done with eyes wide open. The ultimate decision of the court, enforcing the collateral rights of a secured creditor over a competing ownership claim of a licensee, reflects the bargain of the parties as set forth in their respective agreements with the company.
To read the article, click here.