X

business news

WeWork’s Chapter 11 Bankruptcy Filing Signals Dramatic Corporate Turnaround

In a significant development in the world of corporate real estate, WeWork, the once-mighty office-sharing company, has officially filed for…

AT&T Lawyer Reminds Us Why People Hate J.D.’s

Summary: An AT&T customer emailed the CEO with some ideas for better service. AT&T responded...with a letter from its attorney. According…

American Apparel Files for Chapter 11 Bankruptcy

Summary: American Apparel hopes to restructure its debts within a six month period so it may continue operations. The New…

GM’s Actions Allegedly Cause Death of 174 People

Summary: Due to intentional omissions of safety concerns, GM may be liable for the deaths of 174 individuals. According to…

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…

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…

Whirlpool Files Malpractice Claim against Lawyer

Summary: Whirlpool has alleged that, due to bad advice from an attorney, it now faces significant fines and penalties. A…

Judge Rules in Favor of Amazon in Patent Case

Summary: A federal judge has ruled that patents that Amazon challenged cannot stand because they seek to patent ideas. U.S.…

JP Morgan Settles Mortgage Securities Case for $388 Million

Summary: As a result of allegations made against it for wrongs committed during the 2008 financial crisis, JPMorgan must pay…

Wal-Mart Faces First Class Action for Equal Employment Benefits

Summary: In the wake of the recent Supreme Court decision on same-sex marriages, a suit has been filed against Wal-Mart…

U.S. Law Firm Maintains It Acted Properly in NAMA Dispute

Summary: Brown Rudnick, a U.S. law firm, has argued that it acted properly throughout a major NAMA transaction in 2014.…

AT&T Fined $100 Million for Misleading Consumers

Summary: AT&T must pay $100 million for misleading its customers about their data plans. AT&T will face a hefty $100…