The Federal Reserve has a lot of power over the economy. It is obligated to promote maximum employment and guard against inflation. In the near term, long-term interest rates, which presently are very low, could rise after the Fed raises its benchmark rate. Rates have been hovering near zero since 2008. Yellen is cautious, however, …
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According to the latest ruling by Second Circuit, the NSA’s collection of massive amounts of phone records violated the US Patriot Act. Although they never reached the constitutional question, the court said that Congress never gave the agency the authority. But Senate Intelligence Committee Chairman Richard Burr, a North Carolina Republican, believes the court had …
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Posted by Nadia Haddad. “Intellectual Property law works, until it is stretched.” According to a New York Times article, the problem with intellectual property law is that lawyers try to push the idea of I.P. too far in other areas, like software development, because they believe more the better. The article states that a software …
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Posted by Stephanie Simms. In this article, Ruby Tuesday is facing a civil rights lawsuit for discriminating against male job candidates. The government is suing on behalf of, Andrew Herrera, who worked at an Oregon Ruby Tuesday, and Joshua Bell, who worked at a Ruby Tuesday in Republic, Missouri. They were only allowed to work there …
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A New Jersey appellate court recently ruled in James v. Ruiz that testifying experts cannot bolster their opinions by piggybacking or “bootstrapping” the written conclusions of other experts who are not testifying in court. The Sixth Amendment of the U.S. Constitution protects the right of the accused to confront witnesses against him, thereby excluding hearsay from a case. Hearsay …
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A Raleigh police officer sued Starbucks in 2012 for burns he sustained when the lid of his coffee cup popped off. According to the officer, when the lid came off, the cup collapsed and burned him. The stress activated his Crohn’s disease, and as a result, he lost part of his intestine. He claims damages of …
Continue reading “Another Hot Coffee Case – This Time . . . Starbucks”
Posted by Sukayna Khalifeh. According to the New York Times (Peter J. Henning), there are no real findings of liability for violations from the cases arising from the 2008 financial crisis. Henning wrote about two cases in particular that were recently resolved but the top managers in the companies were not held liable. One of them …
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Posted by Lauren Mudrick. In April 2015, the Entertainment and Sports Performing Network (ESPN) filed a lawsuit in New York Supreme Court against the telecommunications company, Verizon, for breaching a contract. Disney, who owns ESPN, claimed that Verizon made a unilateral decision, with little to no discussion with cable networks, when it released a new cable …
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Posted by Kate Robinson. Jordan Belfort, an infamous stockbroker, known for making millions in the 1990s, plead guilty to securities fraud and money laundering in 1999. In 2003, he was sentenced to four years in prison, but only served 22 months and owed a personal fine of $110 million. Today, Mr. Belfort’s story is known as …
Continue reading “The Story Behind “The Wolf of Wall Street””
Posted by Daniel Lamas. In October 2013, Shaneen Allen was arrested for carrying a registered gun across the New Jersey border. Allen, who is a Pennsylvania native, was going on a routine visit to New Jersey when she was pulled over. As she opened her glove compartment, the officer noticed the concealed weapon. Allen was questioned …
