On Aug. 25, the operator of a New Jersey car dealership and a Motor Vehicle Commission technician pleaded guilty to their involvement in a fraudulent scheme. The 42-year-old dealership operator, and his 30-year-old codefendant, a former employee of the Freehold Motor Vehicle Agency, were found guilty of using fraudulent car titles and damaged vehicles from Super Storm Sandy to take advantage of unsuspecting customers. Charges are pending against others at the dealership as well.
New Jersey investors may have heard that Hewlett-Packard Co was victorious in a securities fraud lawsuit. The plaintiffs were led by Retail Wholesale & Department Store Union Local 338 Retirement Fund. None of the parties involved in the trial offered any comments on the dismissal of the case. The plaintiffs claimed that HP committed securities fraud by misleading its shareholders about the company's commitment to ethics while a chief executive was allegedly involved in a sexual harassment case.
New Jersey businesses may be interested in the story of one company who has settled a potentially-lengthy litigation over a data security breach. The dispute has gone away, but one of the parties wishes that the issue went to trial.
Many Americans love football. Football on Sundays, football on Mondays, football on Thursdays. Professional, college, high school. Most fans, however, probably are not thinking about the owners of professional teams and whether they conduct business ethically.
Contractors and landscaping companies can face legal action if their work is faulty or causes damage to a customer's home. An example of the legal action homeowners or businesses can take against landscapers can be seen in a recent lawsuit filed by Gloria Gaynor, the famous singer known for her hit song, "I Will Survive."
When two businesses negotiate and agree to a contract, many parts of their businesses depend on the contract moving forward as planned. Employees, suppliers and consumers can all be affected when a contract dispute arises. When a term of a contract is not carried out by one party then a breach of contract has occurred. In these situations, the company that has been damaged by the breach may be eligible for damages.
Most people would agree that there are no guarantees when it comes to finding your soul mate. When we describe someone as unlucky in love, there's an understanding that the search for a romantic partner involves just that: luck. So when a dating service offers to help you find the person of your dreams for a fee, what should the expectation be?
If you're a collector of antiques or memorabilia, you place a high value on authenticity. When you fall in love with a piece that an auction house is offering, you trust that the source has been vetted and the item is exactly what the auctioneer proclaims it to be.
The CEO of a now-collapsed brokerage firm could face criminal charges as well as civil commercial litigation if investigators prove he knew customer funds might be included in a $200 million transfer of funds to an account in the U.K.
It's become a fairly common workplace ritual: A group of co-workers routinely chip in a few dollars to play the lottery, hoping to increase their jackpot chances with the understanding that they'll divide any winnings evenly across the board. At least that's supposed to be the understanding. What would you do if one of your co-workers decided to collect without telling anyone else?