Posted by Catherine Caldwell. The trendy new and convenient company, Uber Technologies Inc., is currently enduring a legal battle for its illegal classification of freelancers. Uber was founded in 2009, as an application that acts as an electronic link from individuals who have cars to individuals who needs rides. The company has received a reputation …
Author Archives: blogbusinesslaw
US v. Newman – Insider Trading
Posted by Nikolina Stojkovic. Insider trading just got a little easier, if you can use the right defense. Based on the case United States v. Newman, insider trading charges were dropped based on what was considered wrong jury instruction and failure to show sufficient evidence for conviction. The case was tried in a New York district …
Update on Madoff’s Ponzi Scheme Victims
Posted by Kosta Arvanitis. In an article written by Sophia Pearson and Elizabeth Amon, they update us on the on-going recovery of funds for Bernie Madoff’s Ponzi Scheme victims. Being the biggest one to date, it has been a grueling process in recovering the billions of dollars lost tied to the scheme. In this specific case, …
Forensic Accountants Are Increasingly Becoming Part of the Legal Team
Posted by David Cadorett. The forensic accounting field is rapidly growing and is a well-desired skill set for many different companies and firms. One set of firms is law firms that could benefit greatly from having a forensic accountant on staff. Litigation requires a skill set that a forensic accountant possesses such as complex accounting …
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Whole Foods Sued For Misleading Sugar Claims Website
Posted by Yasmine Miller. Around the time of July, 2015 Whole Foods was being sued for misleading sugar claims. Shoppers of Whole Foods were angry when discovering that the evaporated cane juice is actually sugar. The company has built their popular reputation on only selling foods that are supposed to be healthier than the foods …
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Dance Moms Star Abby Lee Miller Indicted on Fraud Charges After Allegedly Hiding Thousands from Bankruptcy Court
Posted by Daniella Bucci. Abby Lee Miller, owner of Abby Lee Dance Company and known for her loud mouth on the Lifetime reality show, Dance Moms, has been indicted on bankruptcy fraud charges. Miller hid more than $755,000 of earned income from Dance-Moms-related shows, dance sessions and merchandise sales between 2012 and 2013 in secret …
Real Housewives of New Jersey’ Stars Joe and Teresa Giudice Sentenced to Prison
Posted by Daniella Bucci. The Real Housewives of NJ stars and Montville residents Joe and Teresa Giudice were each sentenced in Newark federal court to 41 months and 15 months in prison, respectively. The couple pleaded guilty in March to conspiracy to commit mail and wire fraud and three types of bankruptcy fraud. The conspiracy …
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Drug Companies Merge – Ethical Issues
Posted by Robert Santos. It seems that multiple companies are beginning to merge in an attempt for one company to make a larger profit and the other company to remain alive. Some companies tend to merge in order to both strengthen their profits and publicity. In this specific case, these companies merged in order to create …
GM’s New and Old Liabilities
Posted by Deane Franco. In a recent article posted in the Wall Street Journal, I read about General Motors being charged with punitive damages due to a defective part causing multiple deaths. General motors had been in the process of recalling millions of vehicles, when a defective ignition switch caused 100 or so deaths. The …
Volkswagen’s “Defeat Device”
Posted by Abigail Anaemeje. Yet, another automobile scandal! In September, the Environmental Protection Agency found that Volkswagen sold 482,000 cars in the U.S. that contained a “defeat device.” This type of software was used in diesel engines, “that could detect when they were being tested, changing the performance accordingly to improve results.” The result of this …