IKEA Recalls 27 Million Dressers for Causing Deaths

IKEA, the popular low-cost furniture manufacturer, recalled 27 million “Malm” dressers.   Three children were recently killed as a result of the defect in design. The company was on notice of the tendency of the furniture to be top-heavy, but did nothing to address the issue until the death of a 22-month-old child earlier this …

Credit Suisse Pays $2.6B for Its Part in Aiding Citizens Evade Taxes. But Did the U.S. Justice Department Go Far Enough?

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 …

Montclair State University Archives – Blog Business Law – a resource for business law students

Posted Layla Alzahrani. Embezzlement is money stolen by an unethical person. According to the article, 40 percent of small businesses in the United States will be targeted for average loss of $ 140,000,00.00, but embezzlement is only reported two percent of the time. Most of the embezzlers are trusted and long-term employees or family friends, or …

Conflicts with New Technology in Law: Ellis Vs. CN

Posted by Kirsten T. Rewekant. A somewhat recent case, Ellis Vs. Cartoon Network, Inc. shows how old statutes can be in conflict with the new and always updating technology. Ellis uses the Cartoon Network app on his android device to watch popular television shows that Cartoon Network airs. This is a free service, which you …

Abier Mustafa Archives – Blog Business Law – a resource for business law students

Posted by Abier Mustafa. Stryker Corp., a device maker company, recalled its Rejuvenate and ABG II hip implant devices in July 2012 after warning surgeons they could harm tissue around the hip and cause other health problems to its patients. Patients have complained of severe pain, unusual swelling and excessive metal debris in their blood, blaming …

Fake IRS Agent Scam Targets Public–Identity Theft Tax Fraud is Rampant

Posted by Shanice Cooper. In an article by Forbes Magazine entitled, Fake IRS Agent Scam Targets Public, Even Feds, while Identity Theft Tax Fraud is Rampant, Robert Wood outlines the seemingly growing issue of identity theft. This particular article takes a close look at how horrible identity thieves are especially during the inevitable tax season. Identity …

Supreme Court Archives – Blog Business Law – a resource for business law students

Posted by Ashley Hellmers. The New York Times published an article reporting that the Supreme Court has decided to hear Samsung’s appeal over how must be compensated for the replication of Apple’s designs.  Samsung violated Apple’s design patents for the iPhone in the creation of their S7 smartphones. Design patents are created to protect how a …

General Motors May Face Punitive Damages Over Ignition Switches “Ignition (Remix)”

Posted by Sheyenne Hurt-Lewis. General Motors created millions of vehicles with defective ignition switches. This defect is linked to more than 100 deaths and 200 reported injuries. Many lawsuits have arisen from these defective switches which makes General Motors likely to face a large sum of punitive damages which, “could amount to millions, if not billions of …

Used Cars and Recall Safeguards: Putting Drivers at Risk

Posted by Patrick Cleaver. Every law is made to help the public, to protect the safety of the driver, and deliver a reliable car. The car industry knows they make mistakes and are responsible for fixing the damages for free when such mistakes occur and cars get recalled. However, does a used owner know that …