Posted by Keith Cleary. A lawsuit has erupted between Exxon Mobile and the state of New Jersey, particularly two industrial sites in New Jersey, Union and Hudson counties, according to the New York Times (Sullivan). The lawsuit, “which has been filed in 2004 and litigated by four administrations, is a $8.9 billion dollar lawsuit.” (Sullivan). …
Author Archives: blogbusinesslaw
Arben Bajrami Archives – Blog Business Law – a resource for business law students
Posted by Arben Bajrami. Sweatshops, or a workplace with unacceptable working conditions, have remained a problem up until recent years in business and in our economy. Companies such as Nike and Adidas have workers in foreign countries sewing and producing equipment, apparel, and footwear for very little pay. It is said that these sweatshop workers …
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Steve Jobs Archives – Blog Business Law – a resource for business law students
Posted by Ysabel Capitan. The optimal way to study business law is to see how it is applied in the real world by seeing the myriad of legal battles under the field. Of course, in a naturally competitive world of corporate entities, lawsuits are common defense mechanism and tactic for upholding the success and integrity of …
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NJ Settlement with Exxon: Was it Enough?
Posted by Keith Cleary. A lawsuit has erupted between Exxon Mobile and the state of New Jersey, particularly two industrial sites in New Jersey, Union and Hudson counties, according to the New York Times (Sullivan). The lawsuit, “which has been filed in 2004 and litigated by four administrations, is a $8.9 billion dollar lawsuit.” (Sullivan). …
The Summary of “Uber Investor Sues Travis Kalanick for Fraud” Article
Posted by Nora Shelbi. In the article, Isaac (2017), discussed the issue of the Uber investor and claimed that Travis got involved in the material misstatement and fraudulent trading. As per the investors, it has been declared that such fraudulent activity has been done with the intention to get the outside control of the board; …
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No Liability for Yelp – Court rules
Posted by Steven Otto. The San Francisco rating company, Yelp, is not found liable for negative reviews posted on its site. This is because it relies on ratings posted by users, not the company itself. A federal appeals court on Monday, September 12, dismissed a libel lawsuit filed against Yelp by Douglas Kimzey, the owner …
Remembering September 11, 2001 . . .
For all those who died in the terrorists attacks upon our soil: Eternal rest grant unto them, O Lord. And let the perpetual light shine upon them. May the souls of all the faithful departed, through the mercy of God, rest in peace. Amen. Latine: Requiem aeternam dona eis, Domine. Et lux perpetua luceat eis. Fidelium …
Wells Fargo Accused of Predatory Lending in Chicago Area
Posted by Tiffany Zapata. Wells Fargo is the most recent bank to get caught in the act of predatory lending. The bank was accused in court filings of targeting minorities, such as black and Latino borrowers, for more costly home loans in comparison to whites. The acts took place in Cook County, Illinois, with a …
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New Standards in the PCAOB
Posted by Kimberly Culcay. In the article, “What the PCAOB’s new related-party standard means for auditors,” Maria L. Murphy captures the new standard put in place by the Public Company Accounting Oversight Board (PCAOB). The new standard will require auditors to perform specific procedures that are intended to strengthen auditor performance in high-risk areas, such …
Federal Judge Orders 10-Year Sentence for Library Bribes
Posted by Patrick Osadebe. On September 17, 2014, a federal judge sentenced Timothy Cromer, a former Detroit public library official, to 10 years in prison for bribery and conspiracy to commit bribery. He was charged for accepting more than $1.4 million in bribes from contractors of the library. Timothy Cromer, 46, was the chief administrative and …
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