Friday, May 18, 2012

Facebook Fever

Mark Zuckerberg rang the NASDAQ's opening bell this morning, marking Facebook's debut as a public company.  This transition could keep many a lawyer employed--think of SEC compliance alone.

Facebook's imprint on the law has taken many forms.  According to news reports, yesterday Senators Schumer and Casey unveiled legislation seeking to punish tax dodgers, inspired by cofounder Eduardo Saverin's recent move to Singapore, where there is no capital gains tax (see commentary on Business Insider).  Facebook has been sued by Yahoo for patent infringement, and it has figured prominently in divorce and defamation cases.  And, of course, we cannot forget the Winklevoss twins, who claim Zuckerberg stole their idea.  After settlement of their first suit, the twins unsuccessfully tried again (see commentary on Bloomberg).

Interested in learning more about Facebook and the law?  See John Browning's The Lawyer's Guide to Social Networking: Understanding Social Media's Impact on the Law, available at the Moritz Law Library.  Browning addresses many areas of law, including service of process, family law, criminal law, and personal injury law.