Posted by Keith DeYoung. On Thursday, March 23rd, The Justice Department ended its antitrust lawsuit against AT&T’s DIRECTV with a settlement. In early November 2016, The Justice Department filed the lawsuit, after they claimed DIRECTV was in talks with three of its rivals, then AT&T, Charter Communications, and Cox Communications. These communications allegedly contained confidential information …
Author Archives: blogbusinesslaw
How Do I Declare Bankruptcy?
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 …
Sembcorp Marine Finance Director Sentenced to Prison
Posted by Yuanda Xu. On Oct. 30, 2014, Sembcorp Marine’s finance director Wee Sing Guan was sentenced to 39 months in prison for falsifying the accounts of the group’s Jurong Shipyard, Sembcorp’s wholly owned unit. The company lost “hundreds of millions of dollars’ worth of marked-to-market losses that Wee had incurred on foreign exchange and options trades …
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Justice Department Archives – Blog Business Law – a resource for business law students
Posted by Brianna McCoy. In the very end of August of this year, 2018, a court ruling involving the FCPA could potentially limit the government’s power to go after foreign companies and individuals in bribery cases. This type of court situation is dealt within the U.S. appeals court. The appeals court supported a ruling that …
FIFA–Russia and Qatar May Be Stripped of Hosting World Cups
FIFA’s Audit and Compliance Committee head, Domenico Scala, said if evidence shows Russia and Qatar bought votes to have the World Cup hosted in their country, ‘the awards could be invalidated.’” This comes on the heels of U.S. federal indictments charging FIFA officials with racketeering, conspiracy, and corruption. Russia and Qatar are not the subject of those …
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Lucent Technologies and the FCPA
Posted by Yuanda Xu. In 2003, Lucent Technologies decided to fire the CEO, COO, Financial Executive and marketing manager in China. Lucent did this because company in China bribed the Chinese officials to get more benefits. As expected, Lucent fired these four people, and paid $2.5 million to settle charges. The company paid a $1 …
Antitrust Lawsuit Against AT&T
Posted by Keith DeYoung. On Thursday, March 23rd, The Justice Department ended its antitrust lawsuit against AT&T’s DIRECTV with a settlement. In early November 2016, The Justice Department filed the lawsuit, after they claimed DIRECTV was in talks with three of its rivals, then AT&T, Charter Communications, and Cox Communications. These communications allegedly contained confidential information …
AT&T Hit with $100 Million Fine Over Unlimited Data Plans
Posted by Randy Gomez. In Business Law class, I learned about business ethics and how an entity should behave as a good citizen. In this article that I found online, it explains how the Federal Communications Commission fined AT&T 100 million dollars for slowing down data speeds to some customers. According to the FCC, AT&T violated …
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FIFA–Russia and Qatar May Be Stripped of Hosting World Cups
FIFA’s Audit and Compliance Committee head, Domenico Scala, said if evidence shows Russia and Qatar bought votes to have the World Cup hosted in their country, ‘the awards could be invalidated.’” This comes on the heels of U.S. federal indictments charging FIFA officials with racketeering, conspiracy, and corruption. Russia and Qatar are not the subject of those …
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Lawsuit Against Monsanto – Weed Killer
Posted by Marina Tesoriero. On March 14, federal courts unsealed documents that question the safety of Monsanto’s lead product, Roundup weed killer. Monsanto’s products, including Roundup, are used everywhere, from commercial farms, to the seeds in your backyard. Previous research has found this product and other similar products to be reasonably safe to use. That …