Samsung Struggles to Remain Ethically and Legally Just

Posted by Joe Casey. In the business world the line to remain ethical and make profit is thin. In the recent months Samsung has toed the line with the ethical standards of business due to their latest smartphone repeatedly catching fire all throughout the world. Samsung acting as swiftly as possible called for a quick …

Federal Reserve Bank Archives – Blog Business Law – a resource for business law students

Posted by Yacheng Xu. Federal Reserve Bank of New York President William Dudley “warned that investing in privately issued digital money such as bitcoin could end in big financial losses for those involved.” He opined, “There is a bit of a, I would say, speculative mania around cryptocurrencies in terms of their valuations, which I …

Tom Brady’s Suspension

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 …

HSBC Offices Raided Over Money Laundering Allegations

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 …

Legal Skirmishes Erupt Over Voting Rules as Election Day Nears

Posted by Zachary Lucanie. Historically, presidential elections have brought Americans to their feet as they stand behind their candidate to hold the highest position in American politics. Given that the president is elected once every four years it is important to many Americans that the office is held by the candidate that will solve the …

Workers Union Alleged Lack of Oversight Leads to Lawsuit for Violating the Railway Labor Act

Posted by Avinash Sookdeo. On February 15th, Southwest Airlines Co. filed a lawsuit against Aircraft Mechanics Fraternal Association (AMFA), and several of its officers, including Bret Oestreich, its National Director, in a Texas federal court. AMFA represents about 2,400 of Southwest’s mechanics and others in related fields. The lawsuit claims that AMFA allegedly helped to …

Tesla Can Sell Directly to Consumers in NJ

It is now legal for Tesla and other manufacturers of zero-emission cars to sell directly to customers in New Jersey. Tesla’s business model includes selling its battery-driven cars from its boutique stores. One of them is located in Short Hills Mall, Short Hills, NJ. Customers are free to learn about the vehicles through interactive displays …

Reverse Mergers

Posted by Kevin Pereira. This past Thursday, the F.B.I. arrested Benjamin Wey at his home located in Manhattan. He was charged for “securities fraud, wire fraud, conspiracy and money laundering in an eight-count indictment unsealed in a federal court in Manhattan.” In addition, Mr. Wey had already been arrested for sexual harassment a couple months prior …