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Pryor Cashman partner James Sammataro, co-chair of the Media + Entertainment Group, said: Daily Business ReviewOn the outlook for an increase in intellectual property litigation in the Miami area.
In “Population Growth, Music Boom Make Florida a Hotbed for IP Litigation,” James examines the impact of economic factors and the local Latin music scene on litigation.
As the economy flattens out, litigation is also generally expected to increase, said Pryor Cashman, a partner at New York-based Pryor Cashman with offices in Miami and Los Angeles, who represented Chris Brown in the recent Florida lawsuit. The availability of third-party litigation funding has also had an impact.
“If the economy is struggling, it looks like companies are looking for other ways to generate revenue,” said Miami-based San Mataro. It could be a good way to bet on the potential for earnings you wouldn’t otherwise see.”
That rise was seen in the 2008 financial crisis, Sammataro said. But that trend hasn’t started to pick up yet, he says.
Sammataro said these cases are still on the rise in Florida, either because population growth has led to more lawsuits in general, or because Latin music has increased the importance of Miami. The high payout for the settlement of the lawsuit also doesn’t hurt to get more attention.
But Miami has yet to reach the pinnacle of the entertainment industry, and neither does it for intellectual property litigation.Sammataro believes South Florida is not yet competing with California, New York, or even Nashville or Atlanta. .
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