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Second Time’s No Charm: Delaware Court Rejects Elon Musk’s Tesla Incentive Package Despite Shareholder Ratification

Tesla, Inc. (“Tesla”) and Elon Musk suffered another setback in their continuing efforts to overcome a legal challenge to a 2018 performance-based stock option grant (the “Grant”) that, at today’s stock price, would be worth over $100 billion to Musk. Brian Cromer takes a look at the case in this Stites & Harbison Client Alert.

by Brian A. Cromer and James E. Myers December 12, 2024
Client Alerts

New Trademark Fees at the PTO Starting January 18, 2025

The United States Patent and Trademark Office (the “PTO”) will update its trademark fee schedule effective January 18, 2025. Alex MacKay takes at look at the changes in this Stites & Harbison Client Alert.

by Alexandra MacKay December 12, 2024
Client Alerts

Kentucky Tax Incentives for Qualified Data Centers

As Kentucky prepares for the 2025 legislative session, Stites & Harbison will be watching to see whether the General Assembly expands data center tax incentives beyond House Bill 8 (“HB 8”) which was passed by the Kentucky General Assembly in 2024. Among other provisions, HB 8 creates sales and use tax exemptions on data center equipment for eligible entities engaged in providing qualified data center infrastructure.

by Cassidy R. Rosenthal and Holly A. Couch December 06, 2024
Client Alerts

Future of the Corporate Transparency Act is Uncertain

With the January 1, 2025, deadline for beneficial ownership information filings pursuant to the Corporate Transparency Act (the “CTA”) for entities formed prior to 2024 rapidly approaching, Judge Amos L. Mazzant III of the US District Court for the Eastern District of Texas preliminarily enjoined the enforcement of the CTA and its related regulations nationwide. Alison Zeitlin takes a look at what is happening in this Stites & Harbison Client Alert.

by Alison M. Zeitlin , Edward H. Burrell III, William M. Joseph (Bill), Rachel Owsley , and Walter S. Robertson December 05, 2024
Client Alerts

IP Rights That Go Bump in the Night: Horror Inc. v. Miller

It’s that time of the year. When the wind begins to chill and the nights grow longer, serving as harbingers for the inevitable truth, spooky season is upon us. As you and your neighbors begin to adorn your homes with your favorite ghouls and goblins in celebration of All Hallows’ Eve, I’d like to remind you of another reason to celebrate. For the second consecutive year, the Governor of Kentucky, Andy Beshear, has proclaimed October as Intellectual Property (IP) month in our commonwealth. In honor of this proclamation, I will share a story of IP rights that go bump in the night—the story surrounding the Second Circuit case, Horror Inc. v. Miller, 15 F.4th 232 (2d Cir. 2021). IP attorney Donovan Gibbs takes a look at the case in this Stites & Harbison Client Alert.

by Donovan D. Gibbs II October 23, 2024