Posted by Wasif Rahman. Voters in Washington, who have taken on a role to guarantee paid sick leave to those working in the state recently, brought the Paid Sick Leave Act into play. The new law calls for employers to give workers an hour of paid sick leave for every 40 hours that they have …
Author Archives: blogbusinesslaw
Accountant Admits Stealing $3 Million from Grain Shipper
Posted by Emanuel Sanfilippo. On Monday the 28th, Diane Backis, a corporate accountant in New York, admitted to stealing at least $3.1 million from Cargill Inc., an agricultural business giant. In doing so, Backis caused $25 million in losses to Cargill’s grain shipping operations at the Port of Albany according to the Associated Press. Diane Backis …
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The Ethical Battle of the Music Industry
Posted by Matthew Rachek. One of the biggest issues that industries of all kinds deal with constantly is being able to filter out counterfeits from their marketplace. Counterfeits and other forms of knock-offs are not good for the market because they drive profits away from those that deserve the reward and often times fund criminal …
Girl Sues Parents for College
Posted by Deena Khalil. There are two sides of every story. According to Kelly Wallace who works for CNN, “It’s a case of she said versus they said.” Rachael Cunnings, a young girl from New Jersey, accused her parents of throwing her out of their house when she turned eighteen. They refused to pay for …
CNBC Archives – Blog Business Law – a resource for business law students
Posted by Shaiban Almarri. Wilmington Trust Corp. has agreed to pay $60 million to the government after facing charges relating to the bailout program of the federal bank. This agreement incorporates a civil forfeiture of $16 million and $44 million that the bank had paid to the Securities and Exchange Commission in an earlier but similar …
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Apple Owes $2 Million for Not Giving Workers Meal Breaks
Posted by Kesha Patel. In 2012, four employees of tech giant Apple filed a lawsuit against their employer in San Diego. Apple allegedly failed to give their employees proper meal and rest breaks in addition to not paying them in a timely manner. In 2013, the case became a class action lawsuit that included about 21,000 employees who had …
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Ex-U.s. Tax Court Judge, Husband Indicted in Tax Evasion Case
Posted by Carlos R. Rodriguez. The article “Ex-U.S. Tax Court Judge, Husband Indicted in Tax Case” written by The Associated Press mainly discusses the topic of how a former U.S. Tax Court Judge, Diane Kroupa and her husband, Robert Fackler have been charged with conspiracy to defraud the United States, tax evasion, making and subscribing …
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USDA Rule May Make It Difficult For Farmers
Posted by Charles Bond. My article is about the people who feed millions of Americans, farmers. Specifically, a ruling the USDA first tried to implement, but then decided to rescind. This ruling would have offered more protection for farmers who raise cows, pigs, and chickens for the largest meat producers in the United States. The …
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Why Being a Lawyer In Our Present Economy Isn’t a Bad Idea
Posted by Patrick Osadebe Do you think the lawyers in America get paid as much as they deserve? How much do you think a lawyer makes in a year? According to a survey conducted in 2014 by the Association of Law Placement, the highest starting salary of one of the largest firm in the US with …
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Ex-U.s. Tax Court Judge, Husband Indicted in Tax Evasion Case
Posted by Carlos R. Rodriguez. The article “Ex-U.S. Tax Court Judge, Husband Indicted in Tax Case” written by The Associated Press mainly discusses the topic of how a former U.S. Tax Court Judge, Diane Kroupa and her husband, Robert Fackler have been charged with conspiracy to defraud the United States, tax evasion, making and subscribing …
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