Farmers Suing Syngenta

Posted by Melissa Nomani. Farmers across the United States are filing suits against Syngenta. As stated in the article, “The lawsuits allege the biotechnology company’s genetically modified Agrisure Viptera and Duracade seeds contaminated US corn shipments, making them unacceptable for export to China.” China does not allow the importation of GMO products that it has …

IRS Fraud Scam Bilks People For More Than $23 Million

Online fraud is alive and well. About 4,550 people have been scammed by foreigners posing as IRS personnel and telling them they are about to be sued for unpaid taxes. The Treasury Inspector General, J. Russell George indicated they are working on bringing to justice the perpetrators of “‘the largest of its kind’” scam, yet taxpayers …

Bill Bans Imports of Slave-Produced Goods

The President signed into law a bill passed by Congress banning U.S. imports of “fish caught by slaves in Southeast Asia, gold mined by children in Africa, and garments sewn by abused women in Bangladesh.” The law closes a loophole in an 85-year-old tariff law which allowed these products to be sold. Due to high demand …

FTC vs. Wyndham Worldwide Corp.

Posted by Michael Larkin. When one checks into a hotel, one would expect to have their information stored in a company’s database, but one would not expect that database to get compromised. Wyndham Worldwide Corporation was using a property management system that stored customer’s names, addresses, and credit card number. On three separate occasions in …

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 …

Legal Cases Involving Forensic Accountants

Posted by Kimberly Culcay. In the article, “What Types of Legal Cases Require a Forensic Accountant,” Henry Rinder describes what a forensic accountant really is and the need for such a professional. The article discusses that there is a difference between a traditional accountant and a forensic accountant. A forensic accountant combines accounting knowledge and …

Syed Farook Archives – Blog Business Law – a resource for business law students

Posted by Natasha Dizon.  Today, technology is very advanced with data that can be accessed and tampered with and though a simple passcode or a touch of a finger, your phone can be opened. Smartphones are something that everyone has these days. iPhones have iOS 8 and it can be hacked into through “backdoors.” Recently, Syed …

BizEquity Enhances Valuation Process

Posted by Luca Aufiero. In the article, “BizEquity Launches Online Valuation Tool for Accountants,” Daniel Hood discusses how BizEquity, an online business valuation system for businesses to be able to estimate the value of their businesses, launched a new product called Accountant Office. For accountants and advisors, this new business solution of BizEquity successfully improves the …