Cyber Attacks on Corporations – The “New War”

Hacking into computer systems is nothing new, and government and businesses alike have always been aware that they must be one step ahead of computer criminals. But the attack on Sony Pictures Entertainment was more than that. It was a shot across the bow in what appears to be a potentially rampant future form of warfare. As …

Batmobile Protected by Copyright

The Ninth Circuit affirmed a ruling against Gotham Garage, a maker of replica automobiles from movies and television shows. Gotham Garage sells a “Batmobile,” which looks like the original. DC Comics claims it owns a copyright in the Batmobile and the design is protected intellectual property. The Ninth Circuit ruled the Batmobile’s appearance and other distinct attributes make …

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 …

Forensic Accounting in Auditing – Benford’s Law

Posted by Daniel Perez. In “Accountants Increasingly Use Data Analysis to Catch Fraud,” Jo Craven McGinty highlights the rise in the use of mathematical and forensic procedures in the today’s audit industry. Americans are burdened with an estimated $300 billion a year due to employee fraud in the workplace. In the aftermath of large-scale fraud …

Martin Shkreli Arrested on Fraud Charges

Posted by Katie Kim. On Thursday, Martin Shkreli, a 32 year-old pharmaceutical executive, was arrested by the federal authorities on securities and wire-fraud charges stemming from an alleged Ponzi scheme he ran as a hedge-fund manager. What the young executive was doing was taking out loans from investors to start a new pharmaceutical company and using …

Trump May Replace Janet Yellen

In a Fortune interview, Republican front-runner, Donald Trump, indicated he may replace Fed chief, Janet Yellen, although it appears he likes it when interest rates are low. Speaking from a business standpoint, he would be correct. On the other hand, he acknowledges that low rates are not good for savings accounts, “The problem with low interest …

Forensic Accounting in Auditing – Benford’s Law

Posted by Daniel Perez. In “Accountants Increasingly Use Data Analysis to Catch Fraud,” Jo Craven McGinty highlights the rise in the use of mathematical and forensic procedures in the today’s audit industry. Americans are burdened with an estimated $300 billion a year due to employee fraud in the workplace. In the aftermath of large-scale fraud …

New Yorkers Archives – Blog Business Law – a resource for business law students

Posted by Stephen D’Angelo. Just six hours after New York Attorney General placed a temporary injunction, which would stop sites like Fanduel and DraftKings from doing business in New York, an appellate court saved them by issuing an emergency temporary stay that will allow New Yorkers to continue to use Fanduel and Draft Kings until …