Business Law

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

Feb 23, 2011

A Michigan woman has filed a lawsuit against a Florida company that sells rubber energy bracelets, claiming the bracelets did not improve her health, the Palm Beach Post reports.

In the lawsuit, Arjana Xexo claims she paid nearly $40 for two bracelets in hopes that they would help her to improve her balance and overall health. She contends, however, that the bracelets did nothing.

Xexo filed the lawsuit in U.S.

Feb 22, 2011

The Federal Deposit Insurance Corporation (FDIC) has sent warning letters to former executives of the failed Washington Mutual Bank, claiming that they may pursue legal action, the Wall Street Journal reports.

The news source cites a source familiar with the situation who says the FDIC has pondered $1 billion worth of damages associated with the potential lawsuit.

Feb 14, 2011

Casey's General Stores of Ankeny, Iowa, has filed a lawsuit against restaurant chain Subway over its use of the term "footlong" to describe its 12-inch submarine sandwiches, according to the Des Moines Register.

The lawsuit reportedly centers around the question of whether or not the term "footlong" pertains to sandwiches served by Subway or if it is actually an adjective to describe any sandwich of that length, the news source said.

Casey's, which has approximately 1,600 stores throughout the Midwest, is currently unveiling a promotion similar to

Feb 3, 2011

Business owners looking to form a corporation should be aware of the advantages and disadvantages of doing so before they begin the corporation formation process.

The pros of forming a corporation include owner protection from legal liability due to the corporation's status as a separate entity, the ability to attract investors, an established power and management structure with clearly defined roles and the possibility of providing stock and stock options to employees.

The cons related

Jan 24, 2011

An investor in Hewlett-Packard (HP) has sued the tech company over claims that it could have fired a former chief executive officer and withheld his severance package, reports BusinessWeek.

Mark Hurd, the former HP CEO, reportedly resigned last year after he was found to have violated company standards for business conduct in an internal investigation stemming from charges of sexual harassment.

Ernesto Espinoza, the shareholder who filed the lawsuit, claims that Hurd could have been fired for cause because he misused company assets, thus saving investors the $40-50 million he