Back in the early 2000s, a major scandal rocked Time Warner, Inc. The company paid fines connected to a complicated scheme with online advertising deals. The strategy reportedly artificially inflated their revenue, defrauding investors and resulting in a stiff series of penalties from the SEC. The investigation into Time Warner …
Read MoreVolkswagen has had something of a rough go of it over the last few years, though they’ve got no one but themselves to blame. The German automaker came under fire in 2016 due to the company’s apparent fraud committed to fudge emissions testing. The company faced a huge class action …
Read MoreOne of the biggest suits in class action history was a case that named four massive tobacco companies as defendants to cover smoking-related illness medical costs. This suit, which finished in 1998, resulted in one of the largest payouts in class action history. This case was part of a huge …
Read MoreTyco International was a security systems company incorporated in Cork, Ireland, with operations headquartered in Princeton, New Jersey. The company sold fire and burglar alarms, primarily marketing to small businesses and churches. They have since been merged with Johnson Controls, and no longer exist as a separate entity. 2002 Accounting …
Read MoreThe legal system is serious business–most of the time, anyway. Here are some of the wildest, most frivolous, and shocking lawsuits ever filed. In some cases, the plaintiff actually won! That’s Why They Call It a Footlong In 2016, a teenager decided to measure his Subway sandwich to ensure that …
Read MoreIn April of 2010, the Deepwater Horizon drilling rig triggered one of the largest environmental disasters to ever take place began. The BP-owned Macondo Prospect was the site of the incident, which saw an explosion in the Deepwater Horizon initiate a massive oil spill in the Gulf of Mexico. In …
Read MoreIn early 1998, Cendant, a travel and real estate company, lost $14 million in stock prices in a single day. Shares tumbled from $41 per share to almost $12. Stockholders were outraged, and the public was introduced to the biggest corporate scandal of the 1990s. This is the story of …
Read MoreHave you ever gotten one of those notices in the mail about a class action lawsuit, only to find that you’re owed less than a dollar in damages? Many people found out the hard way that class action settlements aren’t all they’re cracked up to be when thousands of people …
Read MoreIn late 2018, Reuters news agency dropped a bombshell report. They revealed that mega-corporation Johnson & Johnson had known for decades that their baby powder products were contaminated with the potentially deadly mineral asbestos, but Johnson & Johnson did not publicly disclose that information. Asbestos is a naturally occurring mineral, …
Read MoreOn March 9, 2009, the ridesharing company Uber took the gig economy by storm when it officially launched in San Francisco, CA. Today, the “modern-day taxi” business has operations in over 785 cities and over 110 million users worldwide. Unfortunately, the company’s 10th year anniversary isn’t much of a celebration, …
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