Poor Heather Bresch. She just can’t seem to escape the public’s continued outrage over her decision as Mylan’s Big Pharma CEO to increase the price of the life-saving EpiPen in order to line her already custom couture pockets. On Wednesday, September 21, the House Committee on Oversight and Government Reform called Ms. Bresch to testify
After a Senate hearing held Tuesday, September 20, 2016, regarding the illegal creation of millions’ of fraudulent accounts by corporate giant Wells Fargo, it has been reported two of the bank’s former employees have filed a class action lawsuit in California in which they are seeking more than $2.6 billion in damages for employees who
The industrial paradigm is built on the attempt to get something for (almost) nothing. Of course, it’s not the first system to take a stab at accomplishing this feat, it’s merely one more step along the path of refining the process. Around the time that we decided to work full time at this “growing our
Most online retailers, including Amazon and eBay, force both buyers to agree to arbitration in lieu of filing a lawsuit against them. Arbitration is an alternate dispute resolution process where a third party arbitrator will review the allegations and make a decision on resolving the issue. The arbitrator’s decision, much like a judge in a
A story I heard on NPR recently highlighted the income potential of retail arbitrage. Fred Ruckel and his wife Natasha make a particularly effective cat toy, and Fred and sold it in his Amazon shop for US$40. Eventually he discovered that scalpers were flipping the toys on eBay for $20 more. It gets worse: when
Wells Fargo bank, one of the largest in the nation, has found itself in hot water after the corporate giant’s unrealistically aggressive sales and incentive structure wound up seeing employees opening thousands of sham accounts and credit cards in unsuspecting clients’ names, later resulting in a $185 million civil settlement. In addition to other illegal
General Motors, GM, has asked for a one year delay in Takata airbag recalls related to GM vehicles so that a research firm, Obital ATK, can complete a study of the airbags. The research is aimed at determining the service life of the inflators, and is scheduled for completion in August 2017. GM claims that
German prosecutors and the U.S. Department of Justice, DOJ, have Robert Bosch GmbH under investigation in the Volkswagen emission scandal. In July 2016, the district judge preliminarily approved a settlement in a class action lawsuit that was filed against Volkswagen. If final approval is received, the company will compensate those that purchased or leased a
For every public sexual harassment lawsuit covered by the media, there are countless others that never see the light of day. While it may appear a victory for Gretchen Carlson, who received a $20 million settlement from Fox News in response to her complaint against the network regarding the alleged sexual harassment she endured from
When the revelation of a long-buried conspiracy by the sugar industry to blame fat for sugar-related health problems came to light last week, many heads nodded knowingly. There have been whispers for years about the topsy-turvy health advice handed down by the mainstream media and health establishment, recommending low-fat diets for people who wanted to live