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Property Tax Insights
Apparently No Evidence is Enough Evidence for the Cook County Assessor
The Assessor proposed a 2019 market value of approximately $1,744,000 for a property. The party purchased the property for approximately $1,150,000 at the end of 2018 in an arm's length, brokered transaction. The evidence tendered in support of the appeal included the following documents:
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IP BLAWG
Loose Lips Sink Trade Secret Defense
Beverly A. Berneman
8/20/19Acacia Communications got tired of paying a license fee to Viasat, Inc. for trade secret protected technology. So Acacia supposedly created replacement technology. The problem? Acacia used Viasat’s trade secrets.
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Benefits Bulletin
Should 401(k) Fiduciaries Offer In-Plan Annuities?
Legislative concerns about 401(k) participants who are financially unprepared for retirement has resulted in a number of specific provisions intended to encourage participants to save more. Those provisions include tax credits for small businesses that include automatic enrollment provisions in their 401(k) plans, expanded availability of multiple employer plans, 401(k) eligibility for tenured part-time employees, postponed start date for required minimum distributions from age 70½ to 72, and penalty free participant withdraws of up to $5,000.00 upon the birth or adoption of a child.
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IP BLAWG
Dental Supplier Gets a Judicial Root Canal
Beverly A. Berneman
8/13/19If you needed a crown or root canal lately, your dentist may have used a fancy wand to scan and send a picture of your mouth to the dental lab. Chances are that the scanner was the Itero Element scanner, a computer scanning system that is manufactured by Align Technologies. The Itero scanner requires a disposable sleeve for the wand. One of Align’s competitors, Strauss Diamond Technologies, began selling a competing sleeve, called “MagicSleeve”. In its advertisements, Strauss used Align’s trademarks in hashtags, product descriptions and product images.
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IP BLAWG
Purple, I Mean, Orange Rain
Beverly A. Berneman
8/6/19In 1981 the well-known photographer, Lynn Goldsmith, took a series of photographs of the pop star, Prince. In 1987, Vanity Fair magazine commissioned Andy Warhol to create illustrations from the Goldsmith photos for their article titled “Purple Fame”. Goldsmith sued the Warhol Foundation, the owner of the works, for copyright infringement.
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