Bank of America Settles Consumer Fraud Charges

Bank of America (“BofA”) recently settled with the U.S. Consumer Financial Protection Bureau and Office of the Comptroller of the Currency for deceptive credit-card practices.  BofA is ordered to pay $727 million in refunds to customers and $45 million in penalties. The allegations were BofA induced customers to purchase certain add-ons, such as identity-theft protection, …

DNA Archives – Blog Business Law – a resource for business law students

Posted by Luke Iorio. It was deemed the trial of the century–a trial with so many twist and turns it has sparked books to be written about it as well as a TV mini series. It is the O.J. trial, and there was a recent discovery that could finally provide all the answers. The one …

Toshiba’s Accounting Scandal

Posted by Bridget Uribe. During the summer of 2015, one of the world’s most known Japanese companies broke headlines as a top accounting scandal. Investigators found the company was overstating operating profits by at least 151.8 billion yen ($1.2 billion in U.S. dollars) between the years of 2008 and 2014. Their accounting problems primarily began …

Apple’s Dilemma

Posted by Joseph Papandrea. All different opinions are being thrown around in this case between Apple and the Federal Government. Syed Farook’s phone is what the Federal Government wants to access, due to his previous activity. Farrook killed 14 people during the San Bernardino attack. His relations to ISIS is why the government wants to access …

Eminent Domain

Research project posted by Rafael Gabrieli. Eminent Domain Part I: Eminent domain is the power to take private property for public use by a state or national government. There would be just compensation for the private property seized, however, many problems arise from this act. The way that eminent domain works is that it is backed …

Dewey & LeBoeuf’s Fraud

Posted by Bridget Uribe. During the month of March of 2014, the Securities and Exchange Commission (SEC) charged three executives: Chairman Steven Davis, Executive Director Stephen DiCarmine, and Chief Financial Officer Joel Sanders of Dewey & LeBoeuf, the international law firm, with facilitating a $150 million fraudulent bond offerings. The SEC alleged that the three …

Uber’s New Drivers Agreement Could Undermine Judge’s Ruling In Class Action Lawsuit

Posted by Stephen D’Angelo. Friday morning, two days after the judge presiding the Uber class action lawsuit decided that drivers attempting to arbitrate can be included in the law suit, Uber sent drivers a new agreement. The document undermined the judge’s ruling by revising the arbitration clause. Liss-Riordan and her team are filing an emergency motion …