On May 20, 2019, in Mission Product Holdings, Inc. v. Tempnology, LLC, 587 U.S. ___ (2019), the Supreme Court resolved an area of ongoing concern for parties to trademark licenses. The court addressed a circuit split on whether a trademark licensee may continue to use a trademark for the term of the license, after the license has been rejected in bankruptcy. In Mission, the debtor-licensor rejected a trademark license agreement and sought to terminate the licensee’s right to use the debtor’s trademark. This decision has important ramifications to parties to trademark licenses.
Steve Ma is a special bankruptcy counsel in the Business Solutions, Governance, Restructuring & Bankruptcy Group, resident in the Los Angeles office. Steve’s practice focuses on the representation of debtors, creditors, statutory and ad hoc committees, and equity holders in chapter 11 cases and out-of-court restructurings.
Steve also has experience in assignments for the benefit of creditors, and general corporate and finance transactions in a variety of transaction structures.