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Judge Rules that Dole CEO Must Repay Shareholders
Judge Rules that Dole CEO Must Repay Shareholders
Passengers Get Lousy Drink Voucher Whereas Lawyers Get Millions
Passengers Get Lousy Drink Voucher Whereas Lawyers Get Millions
Jared Fogle to Plead Guilty to Possession of Child Pornography
Jared Fogle to Plead Guilty to Possession of Child Pornography
Settlement Reached With Some Banks for Forex Manipulation
Settlement Reached With Some Banks for Forex Manipulation
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Judge Rules that Dole CEO Must Repay Shareholders

Judge Rules that Dole CEO Must Repay Shareholders Summary: After downplaying Dole’s financial situation to drive down stock prices, CEO David Murdock was able to purchase the entire company and turn it back to a private company at the cost of the shareholders. Dole Food Co Chief Executive…>read more

No Comment View Count: 40 August 27, 2015

Passengers Get Lousy Drink Voucher Whereas Lawyers Get Millions

Passengers Get Lousy Drink Voucher Whereas Lawyers Get Millions Summary: An appeals court ruled that the settlement in a class action against Southwest Airlines was fair despite the passengers only getting a drink voucher. In what world is it fair that the passengers, except two, involved in a class…>read more

1 Comment View Count: 233 August 26, 2015

Jared Fogle to Plead Guilty to Possession of Child Pornography

Jared Fogle to Plead Guilty to Possession of Child Pornography Summary: Months after his home was searched by investigators, Jared Fogle was charged with possession of child pornography, which he is expected to plead guilty to. Jared Fogle, the once famous Subway spokesman, appears to have been lying when he…>read more

No Comment View Count: 716 August 19, 2015

Settlement Reached With Some Banks for Forex Manipulation

Settlement Reached With Some Banks for Forex Manipulation Summary: Settlements are being reached between investors and some of the major banks involved in the foreign exchange market manipulation. A $2 billion settlement has been reached between investors and nine major banks. The investors took their claim to a…>read more

No Comment View Count: 402 August 15, 2015

Google Creates New Holding Company Alphabet

Google Creates New Holding Company Alphabet Summary: Google is set to keep growing, creating a new company that will help them do that by organizing and clearly showing their ventures. Google Inc. created a new company called Alphabet Inc. The holding company will allow Google to…>read more

No Comment View Count: 457 August 11, 2015

Columbia House Music Club Calls It Quits

Columbia House Music Club Calls It Quits Summary: The mail-order music club Columbia House is closing down after their parent company filed for Chapter 11 bankruptcy earlier this week. The sign of the times is clear; music has turned digital. With $1.4 billion in sales at one…>read more

No Comment View Count: 213 August 11, 2015

Deutsche Bank Changing General Counsel

Deutsche Bank Changing General Counsel Summary: Deutsche Bank, in the midst of their largest legal bills, will have two new general counsels by the beginning of next year. Add Deutsche Bank to the list of banks with a change in general counsel. Richard Walker has…>read more

No Comment View Count: 176 August 11, 2015

Warren Buffett Purchases Aerospace Firm for $37 Billion

Warren Buffett Purchases Aerospace Firm for $37 Billion Summary: Berkshire Hathaway will acquire Precision Castparts for $37.2 billion. According to USA Today, Warren Buffett’s company, Berkshire Hathaway, has agreed to acquire Precision Castparts, an aerospace supplier, for $37.2 billion, including the assumption of debt. Berkshire will pay $235…>read more

No Comment View Count: 211 August 10, 2015

ATM Fee Case Revived Against Visa, MasterCard

ATM Fee Case Revived Against Visa, MasterCard Summary: A case that was previously dismissed against Visa and MasterCard has been revived. The complaint alleges that the companies conspired to keep ATM fees high. On Tuesday, a federal appeals court in Washington revived antitrust cases that alleges Visa…>read more

No Comment View Count: 578 August 5, 2015

Security Interest Error Leaves JPMorgan Chase Vulnerable to Class-Action

Security Interest Error Leaves JPMorgan Chase Vulnerable to Class-Action Summary: Members of the term loan given to General Motors by JPMorgan Chase Bank are suing for gross negligence and breach of contract after an error was discovered in the original documents. A lawsuit has been filed against JPMorgan Chase…>read more

No Comment View Count: 424 August 4, 2015

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