Wilt Toikka Kraft LLP

WTK & Associates LLP

IP and Bankruptcy: A Legal Balancing Act

Understanding how intellectual property (IP) and bankruptcy law interact is more crucial than ever. Whether you’re a debtor under Chapter 11 or a company holding vital IP licenses, how those rights are treated in bankruptcy...

Employee or Contractor? The $9.3M Lesson for Healthcare Staffing

Key Takeaways The Fourth Circuit Court of Appeals provided a detailed analysis of independent contractor classification using the McFeeley “economic realities” test. Simply consulting with legal counsel is insufficient to establish a good-faith defense. Employers...

NFTs Aren’t a Joke — They’re Trademarkable Assets

Ninth Circuit Recognizes NFTs as “Goods” Under Lanham Act but Reverses Trademark Ruling in Yuga Labs Case On July 23, 2025, the U.S. Court of Appeals for the Ninth Circuit ruled that non-fungible tokens (NFTs)...

DOJ Releases Memo on Legal Limits of DEI Initiatives

Released: July 30, 2025 The U.S. Department of Justice (DOJ) has issued updated guidance on how diversity, equity, and inclusion (DEI) initiatives may intersect with federal anti-discrimination laws—particularly for organizations that receive federal funding. The...

Business and Legal Perspectives on the 2025 AI Action Plan

As of July 23, 2025, the White House has officially designated artificial intelligence not only a strategic priority, but a sweeping industrial, informational, and cultural revolution—one the United States fully intends to lead. The newly...

Trump’s ‘AI Action Plan’ Earns Praise from U.S. Department of Labor

U.S. Secretary of Labor Lori Chavez-DeRemer and Deputy Secretary of Labor Keith Sonderling today expressed strong support for President Trump’s newly unveiled national strategy on artificial intelligence, titled “Winning the Race: America’s AI Action Plan.”...

Training AI on Human Work: The Legal Gray Zones of Fair Use

As generative AI technology continues to evolve, legal disputes over the use of copyrighted material to train AI models are intensifying. In the early wave of lawsuits, courts have taken differing positions on whether fair...

Analyzing the ‘No Tax on Overtime’ Rule and Its Issues

Signed into law on July 4, 2025, the One Big Beautiful Bill Act includes a major change for many hourly workers: the new “No Tax on Overtime” rule. Starting in 2025, eligible employees may benefit...

Justices to Weigh ISP Accountability for Users’ Copyright Infringement

The Supreme Court of the United States has agreed to hear a case that could significantly impact the legal responsibilities of internet service providers (ISPs) in the context of copyright law. In Cox Communications, Inc...

Supreme Court Backs Trump Effort to Reduce Federal Government Jobs

On July 8, 2025, the Supreme Court of the United States granted the Trump administration’s request to stay a lower court ruling that had blocked President Donald Trump’s plan to downsize and restructure the federal...
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