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New Lawyers for MTV in Dispute with Pearlman
The tangled bankruptcy mess created by former boy band impresario Lou Pearlman, currently in prison after admitting he ran a $300 million Ponzi scheme, has left a trail of out-of-pocket investors looking to recoup their losses.
In August 2008 the trustee in Pearlman's ongoing Chapter 11 case, Soneet Kapila of Miami, sued MTV Networks in U.S. bankruptcy court in Orlando over the music channel's role in a joint venture with Pearlman's television production company, Trans Continental, to create the popular TV series Making the Band.
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Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
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Bankruptcy Sales: Finding a Diamond In the Rough
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With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.