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 …
Author Archives: blogbusinesslaw
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 …
Continue reading “Morgan Stanely to Face Insider Trading Crisis”
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 …
Continue reading “Toshiba Files Lawsuit Against Former Executives”
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 …
Continue reading “Judge Dismisses Apple Stores’ Employee Bag Search Case”
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 …
Continue reading “Supreme Court Says Texas Can Reject Confederate Flag License Plate”
Wal-Mart and Class Action Lawsuit
Posted by Elizabeth Wang. Wal-Mart settled a class action lawsuit in California. Wal-Mart’s ex-employees filed lawsuit claiming wage law violations; they did not have the 30–minute lunch break, which is required for employees for working of at least six hours in the state. The plaintiffs collected $57M in compensatory damages and $115M in punitive damages, according …
NY Attorney General Stops DraftKings and FanDuel
Posted by Steven Doolittle. Daily fantasy sports are a huge part of the culture in the United States. DraftKings and FanDuel are two of the largest providers of daily fantasy sports and the New York State attorney general on Tuesday ordered those two fantasy sports companies to stop accepting bets from New York residents, due to …
Continue reading “NY Attorney General Stops DraftKings and FanDuel”
Meet Shannon Liss-Riordan
Posted by Mary Bonatakis. With a number of lawsuits against Uber and other applications that beckon workers at the touch of an app, Miss Shannon Liss-Riordan has become one of the most important figures in Silicon Valley. Ms.Liss-Riordan is the Boston lawyer who is putting Uber on trial. The Uber case will come down to whether …
Trump – Tax and Law
Posted by Philip Lacki. Trump’s tax plan will make it simpler to pay the government. After graduation, I plan on moving to Atlanta, GA and work for Delta Air Lines. Why am I getting into my future? Well because, U.S. companies pay the highest corporate taxes in the world, and as an aviation geek and …
Wells Fargo Scandal
Posted by Frankie Panicucci. Wells Fargo is a corporate bank with very high and unrealistic sales targets. To meet these unrealistic sales targets Wells Fargo employees were secretly opening millions of unauthorized bank and credit card accounts for customers without their knowledge. These unauthorized accounts that were created racked up fees and allowed Wells Fargo to …