Posted by Deane Franco. While reading the Wall Street Journal, I found an article that deals with insider trading and why certain charges were being dropped. A year ago, SAC agreed to plead guilty to securities fraud and wire fraud and pay a $1.8 billion penalty and take responsibility for the actions of their employees, including …
Monthly Archives: February 2017
Customers’ Privacy
Posted by Michael Habib. Many people today always hear about the search warrant and are police required to have probable cause to search a suspect’s cell phone. Recently, a case was heard in the Supreme Court regarding a robbery and police accessing information from the cell phone carriers that lead to Mr. Quartavious Davis’s arrest in …
Fantasy Football
Posted by Michael Habib. A growing and popular phenomenon in the U.S. is fantasy football. A person reported by The New York Times won $350,000 on FanDuel in a contest. There are two companies that dominate the fantasy football market: FanDuel and DraftKings. “The two companies together enjoy 95% market share of the daily-fantasy industry, …
A Mass Release of Over 6,000 Federal Inmates: Is This the Right Decision?
Posted by Ashley O’Connell. Relating to the topic of criminal law, I found an article published on November 11, 2015 from FoxNews.com called, “‘The biggest sham’: Sheriffs fume at mass release of 6,000 federal inmates.” Numerous sheriffs, policeman, and local community attendees shared their concern in regards to their safety and their thoughts on the …
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Why the SEC Lost Its Big Case Against Mark Cuban
Posted by Justin Gandhi. Cuban was originally accused of ditching a stock in 2004 called Mamma.com, a metasearch Internet company. He was accused of ditching this stock due to obtaining an inside tip on an upcoming offer that would have diluted his shares. The SEC didn’t have much evidence on its side and claimed that …
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GM to Face Punitive Damages
Posted by Connor Lynch. An article from The Wall Street Journal titled, “General Motors May Face Punitive Damages Over Ignition Switches” is a perfect example of short-run profit maximization versus long-run profit maximization. As of November 9, General Motors can face punitive damages in several lawsuits regarding defective ignition switches in millions of vehicles. Although those …
Morgan Stanely to Face Insider Trading Crisis
Posted by Justin Gandhi. In current news, a Russian billionaire investor has decided to confront Morgan Stanely in court, due to insider trading practices. Insider trading is the illegal practice of trading on the stock exchange to one’s own advantage through having access to confidential information. This is illegal and unethical. The Russian billionaire claims …
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Toshiba Files Lawsuit Against Former Executives
Posted by Connor Lynch. An article from The Wall Street Journal titled, “Toshiba Shares Fall After Loss, Lawsuits” involves an accounting scandal within the Toshiba Corporation. On Monday, Toshiba Corp. shares fell 7.5% after the company shocked the public with their poor financial results. Because of the decrease in share price, the Toshiba Corporation is …
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Judge Dismisses Apple Stores’ Employee Bag Search Case
Posted by Elizabeth Wang. Did you know that all the Apple employees had to show their bag(s) to store security while entering and exiting to and from their stores? Even on their breaks, they have to go through security screening. Former employees, Amanda Frlekin and Dean Pelle, initiated a class action lawsuit against Apple. It included 12,000 …
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Supreme Court Says Texas Can Reject Confederate Flag License Plate
Posted by Justin Gandhi. This case is about allowing the citizens of Texas to use license plates on their vehicles that contained use of the Confederate Flag. This was an issue of free speech and freedom of expression in the First Amendment. The State of Texas wanted to reject the use of the Confederate flag …
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