Posted by Michael de Andrade. Volkswagen, one of the European auto giants, admitted to “installing defeat device software in 11 million cars.” These “defeat device software” lets carmakers to change performance settings of the engines before a pollution test. These software would not only switch the performance settings of an engine but also detect when “they …
Author Archives: blogbusinesslaw
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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Tax Fraud – Tax Services
Posted by Magdalena Jasionowska. Precision and honestly are fundamental when it comes to accounting. Any error can have some consequences, but it is important to remember that fraud is a serious crime. Here is a brief summary of the most recent tax fraud cases. Christopher Haynes, a franchise owner of Liberty Tax Service has been …
New Contract for Costco
Posted by Rafaela Andrade. Costco wholesale store is now using new Visa credit cards and no longer American Express after fifteen years. Under a new contract, Citigroup, Inc. will now be the issuer for their credit cards along with Visa, Inc. Early this year, Costco reported that their earnings were not met and the stock price …
New York Investment Banker Convicted of Embezzlement
Posted by Aliyah Ponton. A former executive, Andrew Caspersen, at a New York investment bank admitted swindling investors of more than $38 Million. As a result, he was sentenced to four years in prison. During court he told the U.S. District Judge, Jed Rakoff, “I chose gambling over everything.” The Judge cited his gambling as …
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McDonald’s’ Lawsuit
Posted by Nick Farkas. A McDonald’s’ franchise in California has repeatedly gotten into legal trouble throughout the past few years because they were not paying and recording the overtime of their employees correctly. The Smith family owns the franchise and have around 800 employees working for them. They initially settled the claims for $700,000 but …
Florida Death Penalty
Posted by James Awad. Florida’s death penalty law has been slightly changed after their Supreme Court ruled that there needs to be unanimous support from the jury to sentence someone to death. This means that in Florida you now need ten or more jury member’s consent to use the death penalty. The issue had been …
Gambling Addiction Leads to Embezzlement
Posted by Anas Khalil. A former executive at a New York investment bank who admitted defrauding investors of more than $38 million was sentenced to four years in prison by a judge who cited his gambling addiction as reason for leniency. Caspersen is a gambler and an alcoholic who put his family members and friends …
Naked Juice is Not as ‘Naked’ as it Claims
Posted by Navjoat Aulakh. PepsiCo’s famous ‘healthy’ beverage line, Naked Juice, is being stripped down and exposed for it’s misleading marketing tactics. The line of beverages features images of various fruits and vegetables, and claims to be ‘all natural’. The CSPI (Center for Science in the Public Interest) has argued that “a single 15.2-ounce container …
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2016 – Page 2 of 13 – Blog Business Law – a resource for business law students
Posted by Kieran Tonero. Throughout the last four years many scammers have taken advantage of homeowners and business owners who lost properties during Superstorm Sandy. State officials have reported that scams that relate to Superstorm Sandy total $20 million. Many residents in Ocean County have been affected by Sandy-related fraud. The Ocean County Prosecutor’s Office …
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