Business Law

From large corporations to small business, get the latest on lawsuits, bankruptcies, international business, banking, and more.

Jun 7, 2011

Businesses that hired illegal immigrants used to get away with having an unreported workforce that could be paid much less than legal citizens.

May 27, 2011

An Indiana company that owns a portion of a former U.S. Army munitions testing site has been fined $132,000 after it allegedly violated a number of regulations regarding proper asbestos removal procedures.

The Associated Press reports that Ford Lumber & Building Supply Inc.

May 18, 2011

Two Dunkin' Donuts franchise owners in Massachusetts were fined and cited recently for allegedly violating the state's child labor regulations in stores in four towns across the state, the Boston Business Journal reports.

According to the news provider, James Carafotes of Sutton and business partner Dinart Serpa of Beverly own five franchises in the towns of Fiskdale, Sturbridge, Oxford and Southbridge.

The pair and the five locations were reportedly fined a total of $7,700 for multiple child labor law violations, according to the office of Attorney General Martha Coa

May 6, 2011

Two former executives of an Oregon real estate development firm were indicted recently by a federal jury on charges of securities, mail, bank and wire fraud, reports The Associated Press.

Federal prosecutors said recently that 46-year-old Joseph LaCoste and 43-year-old Angele McCoy have both been hit with the charges.

Apr 27, 2011

The Supreme Court recently gave a 5-4 victory to cell phone carriers who include a clause in their contracts that prohibit large class-action lawsuits, CNN reports.

According to the news provider, the ruling put an end to a claim that AT&T was falsely advertising its cell phone as "free," because the plaintiffs were seeking to bring in others for a larger class action suit.

In writing for the majority, Justice Antonin Scalia said that class arbitration cannot be brought against companies whose contracts prohibit it.

"The California law in question