Posts Tagged: litigation

Lions Hunting Zebras! Oh MY!

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According to the New York Times, Wells Fargo would like to close the chapter on the sham account scandal, saying it has changed its policies, replaced its chief executive and refunded $2.6 million to customers. However, lawmakers and regulators say they will not let it go that quickly. Questions: 1. Who were the customers that… Read more »

Cell Phone Worries

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According to the Washington Post, Samsung is suspending production of its Galaxy Note 7 replacement phones after more reports of fires in South Korea and the United States. Questions: 1. According to the article, what major U.S. carriers are suspending sales or exchanges of the troubled device? 2. How many fires have been reported so… Read more »

Is this Fair?

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Since 2014, a Michigan law has limited Tesla Motors’ capacity to sell in the state, after the Republican-led legislature implemented a statute that banned the company’s only method of selling its cars to consumers. Questions: 1. What are the four states that Tesla has been shut out of? 2. Where did Tesla win its most… Read more »

Mylan Settles with the Government

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According to the New York Times, Mylan, the maker of the allergy treatment EpiPen, said Friday that it had reached a $465 million settlement with the Justice Department and other government agencies over questions on whether the company had overcharged Medicaid for the treatment by improperly classifying it as a generic drug. Questions: 1. What… Read more »

$12 per hour Employees fight back!

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Two former Wells Fargo & Co employees have filed a class action in California seeking $2.6 billion or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired. Questions: 1. Over what period of employment will the class action lawsuit cover? 2…. Read more »

Deutsche Bank Shares Drop

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Deutsche Bank’s shares hit a record low, but Germany’s largest lender said there is no reason to get the German government’s help in settling claims of $14 billion with the U.S. Justice Department (DoJ). Questions: 1. What is the record low price of shares of Deutsche Bank? 2. What is a summary of the lender’s… Read more »

Solidarity Forever!

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Reversing a landmark ruling from the George W. Bush era, the National Labor Relations Board ruled today that graduate students who work as teaching and research assistants at private universities have the right to form labor unions. Questions: 1. Where did the original case take place? 2. What universities are excluded from the ruling and… Read more »

Here’s the money. Do you want it?

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According to this article, Ireland doesn’t want Apple’s billions. Instead, the Irish government is appealing Europe’s tax ruling, a move that is exposing a rift in a country still feeling the aftershocks from years of harsh cutbacks. Questions: 1. What is your opinion of the politically motivated defense? 2. Would you consider Ireland to be… Read more »

You Got Caught! Unauthorized!

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According to The Guardian, Wells Fargo will pay $185m in a settlement over illegal sales practices that included the opening of unauthorized duplicate accounts and credit cards by employees in order to meet sales quotas. Questions: 1. What does the settlement include? 2. Over what period did this take place? 3. Which agency took action… Read more »

Not a good defense when your conversations are being recorded!

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A Manhattan federal jury rejected claims by a former high-flying Wall Street executive that he was in the dark about his dad’s illegal trading of several health care mergers the banker son was privy to. Questions: 1. What is the maximum sentence that Sean Stewart faces? What is the likely sentence? 2. What amount of… Read more »