Posts Tagged: class action suit

Who is watching the watchers?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the FTC, Vizio used 11 million televisions to spy on its customers. The television maker agreed to pay $2.2 million to settle a case with the FTC and the New Jersey attorney general’s office after the agencies accused it of secretly collecting — and selling — data about its customers’ locations, demographics and… Read more »

Hatchanimals? What’s the damage?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Managerial Accounting, Uncategorized, Video Updates.

Hatchimals was dubbed the hottest toy of 2016. So, what are they and why are they in the news? Questions: 1. What does the class action lawsuit allege? 2. Where was the lawsuit filed? 3. What do you think your damages would be for this type of suit? Please speculate and discuss. Source: Shen, L…. Read more »

A crummy $56?????

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting.

Drivers who worked for the “taxi” service known as Lyft, (in California) during the past four years, would have been entitled to an estimated $126 million in expense reimbursements had they been employees rather than independent contractors. Questions: 1. How much would Lyft drivers have recouped under a standard rate for mileage reimbursement set by… Read more »

The Never-Ending Foreclosure Crisis: Robo Signer Redux

Posted by & filed under Accounting Principles, All Articles, Auditing, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

Fannie is trying to recoup the difference between what the borrowers owed on the mortgages when they were foreclosed and the amount Fannie received when it resold the properties. In Florida, these deficiency judgments can be pursued for 20 years, and borrowers must also pay a compounded annual interest rate of 4.5 percent. Several legal… Read more »

Should After-Work Screenings be Part of the Payroll?

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

The nation’s retailers are paying close attention to the hotly contested issue before the Supreme Court this week. On Wednesday, the justices will determine whether security checks and the related waiting time should be part of an employee’s regular, compensable workday. Questions: 1. As part of the opposition of compensation for antitheft checks, retailers’ groups… Read more »

Double Jeopardy Foreclosures – BEWARE!

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

Foreclosure has been a terrible tragedy for many Americans during this economic downturn. The only ray of light for some is that once a foreclosure is settled, there is some relief from no longer being in debt. However, Heritage Pacific Financial of Plano Texas company has been one company that continues to victimize people with… Read more »