Posted by Connie Huang. HSBC is a bank with locations in Europe. Two branches raided on or about February 18, 2015 by Swiss authorities are located in Geneva. They raided the banks, because the banks are accused of money laundering. Money laundering is “a financial transaction scheme that aims to conceal the identity, source, and …
Continue reading “March 2015 – Blog Business Law – a resource for business law students”
Posted by Orintia Daniels. Bankrupt: “(of a person or organization) declared in law unable to pay outstanding debts.” According to dictionary.com, this adjective simply means that a particular person or organization is in debt and owes money to another organization or person. I have came across an article called “How do I declare Bankruptcy?” which explains …
Continue reading “June 2015 – Blog Business Law – a resource for business law students”
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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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 …
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 …
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Under new FDA rules, movie theaters, chain restaurants, and supermarkets with 20 or more locations will have to provide calorie counts on the foods they sell. The stores have until November 2015 to comply and provide calorie information on their menus. Amusement parks, vending machines, bakeries, coffee shops, and convenience stores must also comply with …
Continue reading “November 2014 – Blog Business Law – a resource for business law students”
Posted by Adam Kutarnia. People have been betting on sports for centuries, however, the multi-billion dollar industry is illegal in almost all parts of the United States except for four states – Nevada, Delaware, Oregon and Montana. Last summer, 29 men were arrested in New Jersey for running a sports betting ring that grossed approximately to …
Continue reading “April 2015 – Blog Business Law – a resource for business law students”
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 …
Posted by Mike Bocchino. Tom Brady has been accused of knowing about his team deflating footballs in the 2015 AFC championship game against the Indianapolis Colts. The footballs’ air pressure had been significantly reduced to a point where other players could tell the difference. The NFL commissioner, Roger Goodell, investigated and suspended Brady for knowing about …
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Donald Trump’s tax plan will make it more simple to pay the government. There are four tax rates under the plan: 25%, 20%, 10% and 0%, eliminating most deductions. The death tax will be eliminated. According to the website, “The Trump plan eliminates the income tax for over 73 million households. 42 million households that …
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