Like Jason’s appearance at the end of Friday the 13th, the Second Circuit’s recent decision in Horror Inc. v. Miller, No. 18-3123-cv, 2021 U.S. App. LEXIS 29479 (2d Cir. Sept. 30, 2021) invokes new life into the Copyright Act’s termination provision. 17 U.S.C.S. §203. Although the statute became effective on Jan. 1, 1978, the prospective nature of its terms meant that it did not have practical applicability until relatively recently. Under certain conditions, §203 of the Copyright Act provides that the author of a work “other than a work made for hire” may terminate the grant of a transfer or license under any copyright executed on or afte…
Felicello Law PC is pleased to announce the settlement of an action brought by client Beaufort Capital Partners, LLC (Beaufort) against Franjose Yglesias. Mr. Yglesias is the President of Santo Mining Corp., which does business as Santo Blockchain Labs Corp. (OTC:SANP). Santo focuses on the development of blockchain smart digital contracts. The settlement resolves claims by Beaufort based on loans to Yglesias which were secured by preferred stock in Santo. Beaufort was represented by Felicello Law partner Michael James Maloney.
Felicello Law is a New York City-based boutique that handles complex business matters and disputes inv…
New York, New York, and Orange County, California
August 11, 2021
Felicello Law PC defeated a motion for summary judgment filed by Xcel Brands, Inc. (NASDAQ:XELB) in a long-running dispute over $1.2 million owed to its client Texmont Design Limited (Texmont). Texmont, a Hong Kong-based garment manufacturer, had initiated the litigation based on its allegations that it had agreed to produce garments bearing the ‘H Halston’ and ‘H by Halston’ labels in reliance on an agreement by Xcel to make good on all payments owed for the production of the garments. Texmont alleges that Xcel received over $1.5 million in revenue derived from sales of the…
