The U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit in U.S. District Court in Northern Illinois on Wednesday, April 1st against Kraft foods and snack spinoff, Mondelez International, accusing the companies of price manipulation of the wheat market. The CFTC alleges that Kraft executives and a leading procurement director exchanged several emails outlining a
President Obama vetoed a bill on Tuesday, March 31st that would have blocked changes in the National Labor Relations Board (NLRB) process for organizing and calling for union elections starting April 14th. The 11th-hour bill, which passed along partisan lines, is a response to the NLRB’s December decision to streamline how information is passed from
The WPLA is broad in its provisions for recovery with some specific limitations. In general, an individual recovering under the WPLA can recover whatever damages they suffered. The Supreme Court discussed damages under the WPLA in Washington stating, “such damages include “any damages recognized by the courts of this state”. Wash. Water Power Co. v.
Definition of “Defect” It is clear that the Washington Product Liability Act (WPLA) protects people from defective products, but what exactly is a defective product? The WPLA avoids the term “defect.” Instead, the statute imposes liability for harm proximately caused by a product that is “not reasonably safe” in its construction, its design, or its
A recent Wall Street Journal report highlights a dramatic increase in personal communication requirements between bank directors, and the Federal Reserve as well as the Office of the Comptroller of Currency (OCC). Shifting away from ‘light-touch’ oversight, these regulators have changed their approach, meeting with boards of directors of the banks it supervises as often
The fallout from one of the messiest mergers in American history appears to have entered its final stage on Monday, March 30th, when Sprint agreed to pay investors $131 million in a settlement dating back to the beleaguered 2005 Nextel acquisition. Lauded at the time as the creation of a telecom dynasty, technological incompatibility led
On Friday March 27th, while physical and digital cavalries amassed in opposition to Indiana Governor Mike Pence’s Thursday signing of the state’s Religious Freedom Restoration Act (RFRA), the Arkansas state Senate voted 24-7 in favor of its state’s own version of the bill. HB 1228, a bill declaring that “a state action shall not substantially
In the wake of the global auto industry facing an enormous amount of recalls and legal actions, the National Highway Transportation Safety Administration (NHTSA) has endured a sizeable amount of scrutiny in recent years. Some, including myself, have raised questions regarding lax testing standards, and allegations of cronyism between the agency and automakers. Given the
Indiana became the 11th state last week to sign a controversial ‘Right to Try’ bill into law, allowing some desperately ill patients easier access to non FDA-approved experimental medications. The cause has been popularized in recent years due to the critically-acclaimed film, “Dallas Buyers Club,” which was about smuggling unapproved medications in order to help
On March 27th, Georgia Governor Nathan Deal committed to signing into law the “Haley’s Hope” bill legalizing a certain form of cannabis called CBD. This strain of marijuana is different from the typical THC-laden plant that is predominantly used medically and recreationally. While non-intoxicating, CBD strains have been shown to dramatically reduce epileptic seizures in