Business law students study the corporate entity and learn from the beginning that since corporations are legal persons they can be charged with crimes. Corporations cannot be imprisoned, because they have no physical body, but they certainly can face monetary penalties. Such was the recent fate of Credit Suisse. Credit Suisse pled guilty to one …
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Amtrak Crash: The Engineer’s Right to Remain Silent
Posted by Daniel Lamas. Just recently, on May 12 in Philadelphia, an Amtrak train derailed and killed eight people and sent over 200 to the hospital. A question everyone is asking is why the train was going that fast and why it curved. Brandon Bostian, who was the engineer, has agreed to be interviewed and many …
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Tesla Motors Archives – Blog Business Law – a resource for business law students
Posted by Timothy O’Shea. Tesla Motors, an automotive company in the Automotive Energy Storage industry, “who’s mission is to accelerate the world’s transition to sustainable energy.”(tesla.com) It “was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars”(tesla.com). As of now, …
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Marissa Mayer, CEO of Yahoo, Accused of Discrimination Against Men
Posted by Ashley Torres. In July of 2012, Marissa Mayer became both the President and Chief Executive Officer of Yahoo!. During her time within the company, she has found herself involved in many lawsuits, and is yet hit with another. Recently, in the San Jose District, a former media executive known as Scott Ard filed the …
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Understanding the Mind of a White Collar Criminal
Posted by Ola Mohammed Alghasham. The world encounters cases where frauds are committed by white collar criminals. Executives whom fight against fraud are beneficial for the company. Although the board and management make strong efforts in composing fraud preventing policies, there are several behavioral, environmental, and fraud assessment elements which are ignored during the composition …
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SEC Charges Insider Trading Ahead of Merger
The Securities and Exchange Commission charged three software company founders with insider trading and forced them to disgorge $5.8 million in illegal profits, penalties and interest. Insider trading occurs when people in high levels of management trade company securities based on non-public information. Lawson Software’s co-chairman, Herbert Richard Lawson, tipped his brother and a family …
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Hedge Fund Manager Accused of Insider Trading
Posted by Gabriella Campen. Unfortunately, in this day and age being well-known in Wall Street circles also happens to be synonymous with being well known by the SEC. The SEC has recently charged hedge fund manager Leon Cooperman, 73, of insider trading by using his easy access to executives to gather information, which he used to buy …
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Courts Decide Spiderman “Web Blaster” Patent Case
Posted by Bailey Obetz. In this article, Stephen Kimble, inventor of a toy that allowed consumers to shoot web-like material from their palms imitating the power of the superhero Spiderman, sued Marvel in 1997 for patent infringement because it was selling a similar item called the “Web Blaster.” In an agreement between Kimbel and Marvel, …
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Wells Fargo Scandal
Posted by Dylan Beland. One of the most talked about issues in business law news is the Wells Fargo scandal. The story behind this scandal is that the Department of Justice and many attorneys are investigating the possibility that Wells Fargo has millions of fake accounts opened at their banks. The result of the investigation was Wells …
Bad News For The World’s Largest Meatpacker Company
Posted by Cynthia Mihalenko. JBS’s plan to list shares on the New York Stock Exchange are uncertain now due to their legal issues. The company, located in Brazil, is the world’s largest meatpacker. Plans for a global reorganization were in place to try and boost their company’s value. JBS is already in the U.S. market, as …
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