Posted by Cody Wimmer. Recently AstraZeneca made a statement warning Britain that pharmaceutical companies may be moving out and away from Britain due to their low-funding and exit of the European Union. In Britain, funding for clinical drugs goes through the National Institute for Health and Care Excellence (Nice), “which is based on how cost-effective …
Author Archives: blogbusinesslaw
Phone Makers Could Cut Off Drivers. So Why Don’t They?
Posted by Katherine Harris. This article brings up the question whether or not a company has liability in how or when the customer uses their product. In this case, Ashley Kubiak was driving her Dodge Ram truck, as she checked her iPhone for text messages. Kubiak then crashed her truck into another vehicle killing two people …
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Gun Manufacturers and Products Liability
Posted by Melani Filosa. The Consumer Product Safety Commission, a regulatory committee created by the Consumer Product Safety Act enacted in 1972, regulates all consumer products in order to protect the buyer. They promote safety by issuing recalls, developing standards, and requiring warning labels. Because this committee regulates consumer products, they first needed to define …
McDonald’s’ Franchise Suit Over Failure to Pay Overtime
Posted by Michaela Jerkowski. In recent events, McDonald’s Restaurants settled a labor lawsuit pending from 2014, and was ordered in federal court to pay $3.75 million dollars to about 800 employees in California. The lawsuit states that Smith Family LP, who franchised five restaurants in California, “violated California law by failing to pay overtime, keep …
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Ex-Executive at NY Bank Gets 4 years in Prison in $38M Fraud
Posted by Johanna Ortiz. An ex-executive Andrew Caspersen at New York investment bank was declared guilty to securities and wire fraud. He admitted defrauding investors of more than $38 million, and the judge gave him four years in prison because the defendant’s attorney asked him for leniency for gambling addiction. Caspersen was a good worker. He …
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Super Storm Sandy and Fraud
Posted by Gregory Scavelli. Super storm Sandy had a devastating impact on the North-Eastern portion of the United States, areas like Long Island, New Jersey and Connecticut got trashed because of the regions un-preparedness in cases of the storm. To bring in a personal connection, the area that I am from on Long Island got it …
Tesla’s Hardship’s in It’s Rise to Autonomy
Posted by Timothy O’Shea. Tesla Motors, an automotive company in the Automotive Energy Storage industry, “who’s mission is to accelerate the world’s transition to sustainable energy.”(tesla.com) It “was founded in 2003 by a group of engineers in Silicon Valley who wanted to prove that electric cars could be better than gasoline-powered cars”(tesla.com). As of now, …
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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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