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 …
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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 …
Posted by Kyle Gatyas. The US vendor of Chinese flooring products, Lumber Liquidators, has been facing an array of lawsuits ranging from allegations of stock price affectations to defective products. More recently, the company not only failed to meet California’s CARB-2 safety standards, but plaintiffs have also claimed exceeding levels of formaldehyde in their products. On March …
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Posted by Taylor Gonzales. Uber and Lyft have become new technological businesses that have gotten a lot of attention for offering taxi service straight from your phone. An app is required that allows an account to be made, linked to a credit card, where you are able to request a taxi to a certain location …
Posted by Kyle Gatyas. On April 16, 2015, Counsel to the City of Trenton announced that “the Trenton Paid Sick Leave ordinance would only apply to businesses located in the city itself.” (Bond). They stated that they will not apply to businesses outside the borders of Trenton. This new paid leave ordinance came in effect on …
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Posted by Sukayna Khalifeh. Spoofing became illegal in 2010 when an amendment stating that “bidding or offering with the intent to cancel the bid or offer before execution” was added to the Commodity Exchange Act. Navinder Singh Sarao was criminally charged for this so-called spoofing, because he was allegedly driving down the price of stocks of …
Posted by Jellyn Anne Echon. In a business, it’s important to be ethical and that includes treating your co-workers/employees with respect. Unfortunately, McDonalds failed to see that. The Virginia-based franchise of McDonalds was sued by 10 former employees for allegedly violating their civil rights. The article states that, “In a lawsuit filed in federal court, the …
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Posted by Mihran Naltchayan. Watching the news earlier, I heard a report that the juvenile ages among the states in the United States are all different. I always thought that any person eighteen or younger is considered a juvenile. That is a false assumption on my part. In New York, Connecticut, and North Carolina, a juvenile …
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