Image via WikipediaFootage of Bernie on a boat could prove costly to Fox News.
Judge Denny Chin of the U.S. District Court for the Southern District of New York will hear claims of copyright infringement and breach of license agreement in the case of Kenneth Stadt v. Fox News Network, LLC (Case No. 1:2009cv07910) filed this week. Stadt owns the video at issue, which shows convicted scammer Bernard Madoff and his wife frolicking on a yacht (Note: even if you're standing still, if it's aboard a yacht, it's frolicking).
Fox paid Stadt $10,000 on January 8, 2009, for the exclusive rights to air the Madoff footage over a period of 45 days. Fox ponied up another $50,000 to extend its exclusive rights another 45 days, which has since expired. Stadt is suing for $500,000 over Fox's alleged continued use of the purportedly copyrighted video.
Fox News: We infringe, you decide? That's for Judge Chin to decide.