The EpiPen is a necessity for people who are at risk of anaphylaxis, a life-threatening type of allergic reaction. They are a common item in kids’ backpacks and home first-aid kits, and the name has become a generic term that refers to epinephrine auto-injectors. Yet the product itself is only available as a brand-name product that costs hundreds of dollars.
The Department of Justice on behalf of the Internal Revenue Service (IRS) filed a request for a “John Doe” summons in federal court for the individuals who engaged in transactions on Coinbase from 2013-2015. A “John Doe” summons request does not name any individual in particular, but instead identifies a nameless class of people that Coinbase is expected to turnover. The summons currently would include a large portion of the 4.8 million users trading over $5 billion in virtual currencies.
Facebook in Germany is a test case globally on how social media should respond to inappropriate and illegal content. Chancellor Angela Merkel and Justice Minister Heiko Maas are demanding that Facebook monitors the content published in its network and deletes unlawful content within 24 hours.
Dallas, the city with the fastest economic growth out of the nation’s 13 largest cites, is in trouble. It could soon join Detroit as one of the largest American cities to go bankrupt.
The Volkswagen Emissions Scandal arose last year after it was determined that Volkswagen had programmed as many as 11 million diesel cars to cheat on air-quality and emissions tests. The scandal led to a $14.7 billion class action settlement which included a car buyback program for Volkswagen car owners and a payment to the U.S. Environmental Protection Agency for environmental damage that Volkswagen had concealed. Volkswagen suffered about a 40% loss of its market value as a result of the scandal.
It is common knowledge and widely accepted that any activity we conduct on the internet is used to create an online profile of our interests, age, and sex. Our information is being collected through activities such as online shopping, reading the news, and even watching YouTube videos. This information is gathered and stored on our browsers and accessed by advertisers to deliver targeted advertisements.
In a joint press release, the Department of Justice (DOJ) and Federal Trade Commission (FTC) announced an intent to criminally prosecute companies engaged in antitrust violations, such as wage-fixing and no-poaching agreements. In addition, the federal regulators issued new guidance for human resources professionals designed to educate those in hiring positions about the applicability of antitrust laws in the context of employment decisions.
After officially emerging from bankruptcy in February of this year, American Apparel LLC filed for Chapter 11 bankruptcy protection on November 14, 2016 to allow for an “orderly sale of the business.” The bankruptcy filing could offer the company a chance to evaluate competing offers for its assets and business if an auction process occurs.
Last week, U.S Securities and Exchange Commission Chairwoman, Mary Jo White, announced that she will resign at the end of President Barack Obama’s second term. While this comes as no surprise, there is collective worry as to who will be appointed next. If Hilary Clinton had won the presidency, the new SEC chair would likely have followed Mary Jo White’s footsteps and stayed firm on tough regulations and Wall Street enforcement.