Posted by Christopher Saker. NASI raised more than $120 million from roughly 2,000 investors with the promise of guaranteed returns of 20% for each automated teller machine (ATM) an investor purportedly purchased and leased back to the company. Each investor signed a contract memorializing their investment which included the serial number and location of each …
Author Archives: blogbusinesslaw
Seton Hall University Archives
Posted by Surya Makkar. Over the past few years, Tesla has emerged as a frontrunner when it comes to electric vehicle technology. Their technology packed, self-driving, vehicles have come with their fair share of problems however. Not only has Tesla faced legal obstacles when it comes to their various technologies they use in their products, …
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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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 …
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Arrest Warrants vs. Search Warrants
Criminal law is certainly an important part of the study of business law, and Fourth Amendment questions always seem to come up in class. Students are very interested in learning about when the police can search a person’s car, office or home, or when and where can they arrest someone. Generally, police need a warrant …
Cristiano Ronaldo, Jose Mourinho Caught up in Spain Tax Scandal
Posted by Faris Alzahrani. On June 20th Christiano Ronaldo was accused by the government prosecutor for evading tax four times amounting to $16.5 million. Ronaldo was investigated and was expected to appear before Pozuelo de Alarcon court No. 1 on July 31. His summoning accorded with the same prosecutor who indicted Mourinho for evading tax …
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CEO Archives
Posted by Joseph Papandrea. Chipotle is a company that has had a rough year due to people getting sick from eating at the popular fast-food chain. Steve Ells and Monty Moran, two executives who share the job as CEO, were affected when people started getting sick. Just before that outbreak, the company’s stock reached an all-time high. …
FBI Archives
Posted by Samar Baeshen. The Fourth Amendment to the U.S. Constitution reads” The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place …
New Jersey Archives
Posted by Mihran Naltchayan. On January 16, 2012 around 1:30am, there was a burglary at a jewelry store named “Taline’s Jewelry” in Edgewater, NJ. Burglary is the breaking and entering into a building with the intent to commit a felony therein. The jewelry store was arranged with a front display space, and the store next door …
Forced Arbitration
Posted by Da’Naysia Aarons. In an article called “Forced Arbitration,” Gordon Gibb, describes how citizens in the United States are taken advantage of by popular rich companies, such as, Time Warner Cable, T-Mobile, Wells Fargo and several others. Many consumers who buy products from these companies do not realize that they are facing forced arbitration. Companies …