Posted by Briana Encarnacion. The articles by CBS News, USA Today, and Time Magazine below all discuss a case between a woman named Cynthia Robinson and R.J. Reynolds Tobacco Co., a cigarette making company. Ms. Robinson had filed suit against R.J. Reynolds on behalf of her husband, Michael Johnson, Sr., who passed away in 1996 due …
Author Archives: blogbusinesslaw
Customers’ Privacy
Posted by Michael Habib. Many people today always hear about the search warrant and are police required to have probable cause to search a suspect’s cell phone. Recently, a case was heard in the Supreme Court regarding a robbery and police accessing information from the cell phone carriers that lead to Mr. Quartavious Davis’s arrest in …
Get Out of Unethical Trading Free Card
Posted by Deane Franco. While reading the Wall Street Journal, I found an article that deals with insider trading and why certain charges were being dropped. A year ago, SAC agreed to plead guilty to securities fraud and wire fraud and pay a $1.8 billion penalty and take responsibility for the actions of their employees, including …
Fantasy Football
Posted by Michael Habib. A growing and popular phenomenon in the U.S. is fantasy football. A person reported by The New York Times won $350,000 on FanDuel in a contest. There are two companies that dominate the fantasy football market: FanDuel and DraftKings. “The two companies together enjoy 95% market share of the daily-fantasy industry, …
A Mass Release of Over 6,000 Federal Inmates: Is This the Right Decision?
Posted by Ashley O’Connell. Relating to the topic of criminal law, I found an article published on November 11, 2015 from FoxNews.com called, “‘The biggest sham’: Sheriffs fume at mass release of 6,000 federal inmates.” Numerous sheriffs, policeman, and local community attendees shared their concern in regards to their safety and their thoughts on the …
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Toshiba Files Lawsuit Against Former Executives
Posted by Connor Lynch. An article from The Wall Street Journal titled, “Toshiba Shares Fall After Loss, Lawsuits” involves an accounting scandal within the Toshiba Corporation. On Monday, Toshiba Corp. shares fell 7.5% after the company shocked the public with their poor financial results. Because of the decrease in share price, the Toshiba Corporation is …
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Wal-Mart and Class Action Lawsuit
Posted by Elizabeth Wang. Wal-Mart settled a class action lawsuit in California. Wal-Mart’s ex-employees filed lawsuit claiming wage law violations; they did not have the 30–minute lunch break, which is required for employees for working of at least six hours in the state. The plaintiffs collected $57M in compensatory damages and $115M in punitive damages, according …
NY Attorney General Stops DraftKings and FanDuel
Posted by Steven Doolittle. Daily fantasy sports are a huge part of the culture in the United States. DraftKings and FanDuel are two of the largest providers of daily fantasy sports and the New York State attorney general on Tuesday ordered those two fantasy sports companies to stop accepting bets from New York residents, due to …
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Why the SEC Lost Its Big Case Against Mark Cuban
Posted by Justin Gandhi. Cuban was originally accused of ditching a stock in 2004 called Mamma.com, a metasearch Internet company. He was accused of ditching this stock due to obtaining an inside tip on an upcoming offer that would have diluted his shares. The SEC didn’t have much evidence on its side and claimed that …
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GM to Face Punitive Damages
Posted by Connor Lynch. An article from The Wall Street Journal titled, “General Motors May Face Punitive Damages Over Ignition Switches” is a perfect example of short-run profit maximization versus long-run profit maximization. As of November 9, General Motors can face punitive damages in several lawsuits regarding defective ignition switches in millions of vehicles. Although those …