Last week, premium
exercise equipment manufacturer Cybex International agreed to pay $19.5m to a Cheektowaga woman, who was injured by a piece of Cybex equipment when she improperly used a leg machine to stretch her shoulder in October 2004. The settlement was reduced from the $66m originally awarded in the case, considered by many to be a record in Western New York personal injury cases. Weiterlesen
Cybex Reaches $19.5m Settlement in Product Liability Case
Veröffentlicht unter Allgemein, Klage
Verschlagwortet mit bankruptcy, Cybex International, Lawsuit, Most Ridiculous Lawsuits USA, New York, Nietzer&Häusler, Settlement in Product Liability Case, Wirtschaftskanzlei Heilbronn Franken
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Warning! Delicious, Spreadable Chocolate Is Not Health Food!
Parents, be forewarned: there’s a terrible danger out there. Delicious, sweet, spreadable chocolate is available for purchase in your supermarkets, but it’s NOT healthy for your kids! Who would have thought?!? But ignorance is bliss — very bliss — and in the case of Uninformed Moms vs. Nutella, it was worth $3.5 million in a class action lawsuit settlement. Weiterlesen
Veröffentlicht unter Klage
Verschlagwortet mit California, Lawsuit, Nietzer&Häusler, No Health Food, Nutella, punitive damages, suit against Ferrero USA, US amerikanisches Recht, US legal system, Wirtschaftskanzlei Heilbronn Franken
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Most ridiculous Lawsuits: Lawsuit filed for girl injured by foul ball at Braves game
The father o
f a girl who suffered brain injuries from a foul ball at an Atlanta Braves game is suing the team, saying it failed to provide proper protection to keep the accident from occurring.
Related: The girl, who was 6 at the time, and her parents were sitting behind the visitor’s dugout at Turner Field during an Aug. 30, 2010, game against the New York Mets when she was struck in the head by a foul ball „hit at an incredible rate of speed,“ the lawsuit said. Weiterlesen
Veröffentlicht unter Klage
Verschlagwortet mit Atlanta, Fulton County State Court, Lasuit filed for girl injured by foul ball at Braves game, Most Ridiculous Lawsuits USA
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Penn State, the Freeh Report and Implications for the FCPA Compliance Practitioner
The Freeh Report was released last week. It detailed a series of actions and inactions taken by officials at Penn State University (Penn State) which allowed Jerry Sandusky to continue his abuse of young boys from at least 1998 up until the time he was arrested. This incident is the worst scandal involving the American higher education system… Weiterlesen
Veröffentlicht unter Compliance USA
Verschlagwortet mit Board of Directors, Compliance programs, Deprartment of Justice, Ethical Leadership, FCPA, Foreign Corrupt Practices Act, German American Law, Hotline, Investigations, Nietzer&Häusler, Tone at the Top, Wirtschaftskanzlei Heilbronn Franken
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The New York Family Office
Veröffentlicht unter Allgemein
Verschlagwortet mit amerikanisches Unternehmensrecht, The New York Family Office, US-Unternehmensrecht
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FCPA: Amendment to the Foreign Corrupt Practices Act – Another Perspective
Proposals for and against amending the Foreign Corrupt Practices Act, the US Federal law against government bribery in international business, have been percolating for the past 18 months. US Chamber of Commerce took a lead role, sponsoring a paper titled “Restoring Balance” in October 2010, advocating the position that substantial amendments to the FCPA are required to promote international business by US companies. Weiterlesen
Veröffentlicht unter Allgemein, Compliance USA
Verschlagwortet mit Amendments, Bribery, Chamber of commerce, Compliance programs, Department of Justice, Deutsch-Amerikanischer Wirtschaftsanwalt, Foreign Corrupt Practices Act, Nietzer&Häusler, Wirtschaftskanzlei Heilbronn Franken
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FCPA: This is not a compliance failure. It’s an ethical failure
In the movie “Margin Call” the character played by Jeremy Irons says that there are three ways to lead in business: (1) Be the smartest; (2) Be there first; (3) Cheat. I thought about this trichotomy when reading several articles about the fine of $450 MM agreed to by the British bank Barclays on June 27, 2012 to settle allegations that it tried to manipulate certain benchmarks for rates, most particularly the London Interbank Offered Rates or LIBOR. Weiterlesen
Veröffentlicht unter Allgemein, Compliance USA
Verschlagwortet mit amerikanisches Unternehmensrecht, Compliance, Culture, Ethical Leadership, Ethics, Financial Times, Foreign Corrupt Practices Act, New York Times, Nietzer&Häusler, Wirtschaftskanzlei Heilbronn Franken
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US-Annual Survey of Judicial Developments Pertaining to Mergers and Acquisitions
Nietzer & Häusler ist Mitglied der American Bar Association / Mergers and Acquisitions Committee und stellt den Lesern des US Blogs den Jahresbericht (ersetllt von der Annual Survey Working Group of the M&A Jurisprudence Subcommittee, Mergers and Acquisitions Committee, ABA Section of Business Law) hier zur Verfügung: Annual Survey 2011 re Mergers & Acquisitions. Ihre Aufmerksamkeit wollen wir auf # 7 (Meaning of „Best Efforts“ und # 8 (Breach of Good Faith Negotiation Covenant“) lenken, sehr lesenswert.
Veröffentlicht unter Allgemein
Verschlagwortet mit ABA, American Bar Association, Mergers and Acquisitions, US Recht, US-Anwalt, US-Gerichtsverfahren, US-Gesetze, US-Gesetzgebung, US-Rechtsanwalt, US-Unternehmensrecht, USA
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FCPA: Integrating Your Compliance Risk: Where the Rubber Meets the Road
In listening to companies discuss compliance in the areas of anti-corruption under the Foreign Corrupt Practices Act (FCPA), anti-money laundering (AML) or export control, one of the things that has consistently struck me is how siloed each of these groups invariably is within their company.
Veröffentlicht unter Allgemein, Compliance USA
Verschlagwortet mit Assessments, Best Practices, Compliance programs, FCPA, German American Law, Harvard Business Review, HBR, Nietzer&Häusler, Risk Assessment, Wirtschaftskanzlei Heilbronn Franken
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Zuständigkeit U.S.-amerikanischer Gerichte bei internationalen Rechtsstreitigkeiten, Klageabwehr
Deutsche Unternehmen stehen der U.S.-amerikanischen Zivilgerichtsbarkeit oftmals skeptisch gegenüber. Viele verbinden mit Prozessen in den USA Verfahrensweisen, die dem deutschen Zivilprozessrecht „fremd“ sind – wie z.B. zulässige Ausforschungsbeweisanträge („Fishing expeditions“), medienträchtige Sammelklagen („Class Actions“) oder Geschworenengerichte („Jury Trials“) – und fürchten hohe Kosten bei Verfahrensführung und Verurteilung. Dies führt dazu, dass Weiterlesen
Veröffentlicht unter Allgemein
Verschlagwortet mit amerikanisches Unternehmensrecht, anwalt amerikanischen Recht, Nietzer&Häusler, US Recht, US-Gerichtsverfahren, US-Klageabwehr, US-Zivilprozessrecht, Wirtschaftskanzlei Heilbronn Franken
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