5/7/2015 Just a quick rule of thumb that I tend to go by; when representatives for FIRE industries (Finance, Insurance, and Real Estate), try to tell me that something they are doing is for my benefit, I assume they mean it in the same manner that punching them in the face to keep their sinful
5/6/2015 The for-profit college system, Corinthian Colleges, filed for Chapter 11 Bankruptcy protection in Delaware Federal District Court on Monday, May 4th, amid a year-long financial crisis. Corinthian’s system, including Everest Institute and WyoTech, consisted of over 100 campuses nationwide and about 74,000 students and over 10,000 faculty and staff. The system is facing the
5/6/2015 On Monday, May 4th, Judge Susie Morgan of the Eastern District of Louisiana dismissed a class-action lawsuit filed on behalf of millions of American account-holders whose personal information was compromised during the 2014 EBay data breach. The breach, which occurred in late February or early March of last year, exposed passwords, names, mailing addresses,
Despite recent news that the Justice Department is pursuing criminal charges against Lumber Liquidators, the world’s largest hardwood flooring retailer, over its importation of illegally-sourced Chinese laminate flooring containing extreme levels of formaldehyde, the Environmental Protection Agency (EPA) is facing massive pressure to roll-back its proposed regulation of the substance. Formaldehyde is a common chemical,
The day may come soon in which patent trolls will join their namesakes in the realm of lore and legend, at least if both houses of congress are able to reconcile dual measures into a single piece of legislation. Although the House of Representatives had already passed “The Innovation Act” in 2013 by an overwhelming
5/4/2015 Last week, the U.S. Senate unanimously passed a bill that incentivizes whistleblower complaints within the automotive industry. The bill, modeled off of similar measures for the Internal Revenue Service and the Securities and Exchange Commission (SEC), allows the U.S. Secretary of Transportation to award up to 30 percent of revenue collected in excess of
5/1/2015 Among the controversies surrounding the anticipated Trans-Pacific Partnership (TPP) agreement between the U.S. and 11 other Asian-Pacific countries, the most hotly debated component is the inclusion of the Investor-State Dispute Settlement (ISDS) system. Under ISDS procedures, in case of a disagreement, a multinational corporation and a nation in which that corporation does business can
5/1/2015 The old adage still remains true even if the names have changed. As a business owner, when 60-Minutes comes to your door, it is probably not going to be a good day. Lumber Liquidators is the largest hardwood flooring retailer in the world, with annual revenues of over a billion dollars. Yet, that may
The Tenth Circuit issued an opinion on Tuesday, finding that state law claims asserted against Medtronic, manufacturer of the InFuse bone growth stimulator were preempted by FDA approval of the medical device under the Medical Device Act (“MDA”). Plaintiff in the case alleged that Medtronic representatives promoted an off-label, posterior surgical approach for the device,
General Motors won a massive legal victory to the dismay of many former customers when U.S. Bankruptcy Court Judge, Robert Gerber ruled Wednesday, April 15th that the company can retain its bankruptcy shield protection of $10 billion for claims against it involving the massive ignition-switch recall. The ruling helps General Motors avoid potentially billions of