Posts Tagged: legal

WeWork – Not a Surprising Demise To Some Analysts!

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to CNN.com, WeWork, the beleaguered coworking space company, has filed for bankruptcy, marking a stunning downfall for what was once the world’s most valuable startup. Questions: 1. Around its peak, what was the company’s stock valued at? 2. WeWork plans to stay open and operational as it does what? 3. According to the article,… Read more »

Judge Vacates Conviction for Bribery Fraud Regarding Lucrative Rights To View Soccer Tournaments

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, Hernán López, a former Fox employee, and an Argentine sports marketing company had been convicted of participating in a bribery scheme to secure rights to widely viewed soccer tournaments. Now an acquittal. Questions: Meko, H. and K. Bensinger. (2023). Judge Vacates Convictions in Bribery Case Over Soccer Broadcast Deals…. Read more »

Nikola Fraud Update

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

Trevor Milton convicted of securities fraud after 6-year successful stock market run. His company and concept car was all a lie! Questions: Why do, as the article says, “corporate executives tend to portray activist short sellers as vigilantes?”  Related to the first question, what has Nathan Anderson’s firm done in the past several years? Why… Read more »

Google and New Mexico

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

According to the New York Times, a federal lawsuit against Google for violation of child online privacy was dismissed. Questions: Why was the lawsuit dismissed? What Act did New Mexico fail to prove violation by Google? What was the issue that brought the case to course? Source:https://youtu.be/vFC6sjVVst0 Wakabayashi, D. (2020). New Mexico’s privacy lawsuit against… Read more »

Drowning in Arbitration

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According to the New York Times, as companies face a flood of claims, they are employing new strategies to thwart the very process that they have upheld as the optimal way to resolve disputes. Questions: Why are some companies trying to short-circuit the process? How are some companies trying to short-circuit arbitrations? What is FairShake… Read more »

Want to Buy a State? OMG!

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When Colin Fultz, the grandson of a bootlegger, opened a gourmet distillery in Kentucky last fall, he ran afoul of University of Kentucky basketball. He trademarked his moonshine with the name Kentucky Mist Moonshine and that is when the trouble began. Questions: 1. Do you think anybody should own the rights to the name of… Read more »

Student Loan Forgiveness – To Forgive or not to Forgive, that is the Question!

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It’s been over a month since fifteen former students of Corinthian Colleges said they would not pay a dime of their student loans because the school broke the law. The failing for-profit giant used deceptive marketing and lied to the government about its graduation rates. The Consumer Financial Protection Bureau invited a group of these… Read more »