Friday, January 14, 2011

"Reading between the lines of the announcement, the settlement appears to be a near-complete win for the AP and its lawyers at Kirkland & Ellis."

More on the AP-Fairey settlement, from the Alison Frankel of The American Lawyer: "Under the terms of the deal, Fairey has agreed not to use another AP photo without obtaining a license, and to share rights with the AP going forward to merchandise bearing the Hope image. Fairey also agreed to 'additional financial terms that will remain confidential.'"

Apparently, what remains of the case are the AP's claims against a clothing company that licensed the image from Fairey. Those claims are set to go to trial in March.