...Insider Trading in the Gallop Inc Case Facts 1) Gallop Inc. predicted third quarter earnings of 45cents per share. 2) A likely material litigation of $10m was made against Gallop Inc concerning personal injury on a 9years old boy who was allegedly injured while using Gallop Inc. most popular product. 3) A press release was to be made. But before it was released, the VP Marketing, a director and an outside counsel sold their Gallop shares at the prevailing market price. 4) A copy of the soon to be publicly disclosed press release on this claim fell into the hands of the Collin, who runs the copy machines for Gallop. 5) He contacted his broker, Brown and told her about the press release and told her to sell his shares of Gallop stock. 6) Brown, contacted his client, Calloway and suggested that she sell her Gallop stock. No reason was offered as to why the shares should be sold. 7) After the press release was made public, Gallop shares fell by about $5. Issue Of the people who made pre-announcement trades, who is liable for carrying out insider trading and on what basis are they liable. Opinion In this case, these are the people who were involved and their relationship to Gallop as at the time the pre-announcement trade was made. VP Marketing Officers have a fiduciary obligation of loyalty and care to the corporate shareholders. VP is an insider Director Directors have a fiduciary obligation of loyalty and care to the corporate shareholders. Director is an insider ...
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...Retrospective Healthcare Policy Analysis: Oregon’s Death with Dignity Act Professional Policy Analyst from the Normative Policy Analyses Approach Retrospective Healthcare Policy Analysis: Oregon’s Death with Dignity Act Oregon’s Death with Dignity Act was the legislated response to a highly controversial health policy debate regarding patients’ rights – specifically whether or not a patient has the right to die if they choose to do so (Altmann & Collins, 2007). While euthanasia and physician assisted suicide are not new topics, they did receive an increase in public and media attention during the early 1990s. Most notably Dr. Jack Kevorkian, who defied the law and assisted in 130 patient suicides, Dr. Kevorkian’s actions brought about increased media coverage on the topic of physician assisted suicide, which is a contributing factor as to why the Oregon’s Death with Dignity Act was conceived in the first place (Werth JR & Wineberg, 2005). On the one side of the spectrum were advocates of physician assisted suicide who maintained that it was an infringement on patients’ rights to deny them aid in dying, and inhumane to make people suffer when diagnosed with a terminal illness (Merino, 2012). On the other side were critics who concluded that physician assisted suicide was a breach of medical ethics, and morally unacceptable because it devalued human life. Furthermore, these critics found that assisted suicide was not valid because there were alternative solutions, such...
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...organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Management Services, c/o Richard Ivey School of Business, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2009, Ivey Management Services Version: 2009-01-29 INTRODUCTION Along with advancements in science and technology, the practice of law has made advancements in the types of evidence considered to be relevant. Since the 1970s, statistical analysis has become an important part of courtroom discussions.1 Often, statistical evidence alone can provide sufficient grounds for the sentencing of a suspect. An understanding of statistical science is thus crucial for an analysis of many courtroom decisions. In this note, the use of data in court, data collection biases, requirements for evidence, and fallacious arguments will be discussed. There will also be a brief discussion of some past court cases in which statistics played an important role. ANALYZING DATA Statisticians may be called to analyze data in a number of ways and to present such findings in the courtroom. To begin data analysis, it is important to have an understanding of conditional probability and statistical independence. This allows for the use of Bayes’ Theorem...
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...(roughly 190 drinks a day for 100 years), the company also allowed customers to purchase points for 10 cents each. The man did the math and discovered that the cost of the 7 million points needed for the jet was $700,000. He then put together a business plan, raised the $700,000 from friends and family, and submitted 15 points, the check, and an official order form along with a demand for the Harrier jet. The company wrote back, stating that the Harrier jet in the commercial was simply used to created humorous and entertaining advertisement. They apologized for any misunderstanding or confusion people may have experienced and enclosed some free product coupons. The free coupons did not satisfy the man, who then took the soft drink company to court. Finally, a federal judge for the Southern District of New York held that the company was only joking when it implied in its ad that it was giving away fighter jets. The judge noted...
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... * Kristen Gillibrand. 5. List the name(s) of the U.S. Representative(s) for your Congressional District in your state, or the state of your choice. 1 Bishop, Timothy 2 King, Pete 3 Israel, Steve 4 McCarthy, Carolyn 5 Meeks, Gregory W. 6 Meng, Grace 7 Velázquez, Nydia M. 8 Jeffries, Hakeem 9 Clarke, Yvette D. 10 Nadler, Jerrold 11 Grimm, Michael 12 Maloney, Carolyn 13 Rangel, Charles B. 14 Crowley, Joseph 15 Serrano, José E. 16 Engel, Eliot 17 Lowey, Nita 18 Maloney, Sean Patrick 19 Gibson, Chris 20 Tonko, Paul D. 21 Owens, Bill 22 Hanna, Richard 23 Reed, Tom 24 Maffei, Daniel 25 Slaughter, Louise 26 Higgins, Brian 27 Collins, Chris 6. List the names of the current Justices of the U.S. Supreme Court. 1. John G. Roberts, Jr., Chief Justice of the United States. 2. Antonin Scalia, Associate Justice. 3. Antonin Scalia, Associate...
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...creating a binding contract in as soon as the offer is accepted. The nature of offer differs if it’s an invitation for treat or a unilateral contract. However, in Rahman’s case it is an invitation to treat rather than normal offer and acceptance. The chair was exhibited in antique exhibition and it is very much expected to get many offers for that chair as it’s an invitation for offers. The second principal acceptance, whereby acceptance occurs when an offeree agrees to be mutually bound to the contracts conditions by giving considerations or something in value to close the deal. When a valid acceptance takes place a binding contract is created. Referring to this case, Rahman did offer a deposit of Rm500.00 to Kenny Yu but the offer was refused by Kenny, whereby at this point of time there was no binding contract between Rahman and Kenny Yu. The third principle is consideration and it is one of the most important principles among the four major elements. Consideration must be sufficient but no adequate; consideration must involve some kind of value in order to meet the agreement between both parties, not just oral agreement but in exchange of value. Even if there is offer and acceptance orally, if there is exchange of values no matter how much the amount is, the contract will still be legally binding and the court will still consider the exchange. In Rahman’s situation there is oral agreement there was no exchange of any value even though Rahman...
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...Ethics and Corporate Responsibility in the Workplace and the World The first category of stakeholders in this case are the executives and managers. Their consideration is that the business strongly relies on partners helping them in the provision of the best value products to their customers. Retailers become increasingly dependent on strong managerial relationships in providing the best quality products within their customers’ optimal price points. The second category of stakeholders are the Medicare, Medicaid, and VA patients. These are the main cutomers of PharmaCARE. They are mainly interested in quality customer service as well as top-range products to address their needs (Jennings, 2010). For this reason, they are attracted to PharmaCARE as it continues to prove nbeaten in its advertisements. Further, the workers form the third grouping of the stakeholders. These category form’s PharmaCARE’s human resource and are very instrumental in the production and daily running of the organization. Their major interest is improved working conditions which, currently, PharmaCARE has shown no concern over. There is a high rate of absenteesm due to frequent sicknesses whichtally down to the break down of the ventilation system. The compounding pharmacies who are also categorized as PharmaCARE’s competitors are the other group. Under this, ethical responsibility to all their customers as well as giving back to the community through charitable donations and...
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...CONTRACTS PROJECT A CASE ANALYSIS ON Stilk v Myrick 16 December 1809 (1809) 2 Campbell 317 170 E.R. 1168 BY ROHAN GOSWAMI NATIONAL LAW UNIVERSITY, ODISHA ROLL NUMBER: 042 SEMESTER: SECOND SEMESTER COURSE: B.A. L.L.B Email: 12BA042@nluo.ac.in FEBRUARY 2013 This case analysis forms a part of the internal assignment and was assigned by the subject Professor Mr Rangin Pallav Tripathy. Issues that would be dealt with in the following case analysis: * The Law as it stood before the Case, * Properly structured facts of the Case, * Issues before the Court, * Issues which were determine by the Court, * Identifying such issues if any, which the Court did not determine, * Properly stating the Decision of the Court, * The reasons as identified by the Court for its Decision, * Your analysis of whether the issues were framed properly or not, * Your analysis as to the correctness of the reasoning of the Court and * Your Opinion on the impact of the decision on the Law in general. The Law as it stood before the Case Pre-existing Duty Rule: This case was decided on the basis of Principle of CONSIDERATION under the existing Law of Contracts and the law was same before the ruling of this case. When a seaman is bound by his contract of service to serve for a particular voyage, a promise to increase his wages, unless there is increased duty or hazard, does not bind the promisor.2 It is otherwise, however, if the promise...
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...such an atrocious crime, yet to deny the existence of it would be a logical fallacy. Compassion and justice are companions, not choices (1); therefore, we are compelled to analyze and gather information. By doing so, we are not being callous ourselves; instead, we are trying to devise constructive strategies to bring about impartiality and justice. Of the many debates surrounding the crime of rape, many more arise regarding false accusations. In regard to the rape scandals surrounding business leaders in recent years, most notably Dominique Strauss Kahn, this paper aims to address the issue of false rape accusations. More often than not, false rape allegations are portrayed by media outlets as unfounded rape, which is usually not the case. Unfounded rapes represent the circumstances which undermine efforts to arrest or to convict the perpetrator. False rape allegations, however, solely refer to the deliberate reporting of an unsolicited sexual transgression, when none has taken place. For the sake of specificity and precision, this paper will only cover the later. Presently, there are many vocal adversaries of false rape allegations. Some consider false rape accusations a pretext for police inaction. Others virtually deny or downplay the existence of false rape as they believe the...
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...under the common law test. Enforceability thus hinges on the court finding the geographic scope of the non-compete reasonable. The 150 mile radius here extends beyond the 100 miles typically enforced by courts, but given the circumstances, the court will likely find that the geographic scope is reasonable. FACTS Emily Jackson started her casserole business, “Betty Crockette”after learning how to bake from her friend, Clara Locks. Betty Crockette initially serviced the LoHi neighborhood in Denver but demand for her product grew. Despite the success, the workload was overwhelming, and Jackson realized she lacked Jackson’s talent and experience as a...
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...Authority blocks of flats. In general residents accepted occupancy of these flats on the understanding that it would be short term, but found out to their detriment that it was far from a stopgap. For many of the residents it took over ten years to be rehoused, some took as long as sixteen years. This complex was situated in the heart of Dundrum in what was seen to be an affluent area, yet the housing conditions of this complex were abysmal, clearly shown in the survey carried out. “The overall health of residents is being seriously compromised due to the inadequate Dickens style methods of heating the buildings in conjunction with the poorly fitting windows, damp issues, rain water pipe leakage into top floor apartment divisions and in one case where harmful fumes are escaping in...
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...Nick vs John This case involves an analysis of sufficiency of consideration regarding the performance of an existing contractual duty. There is no dispute with regard to the initial contract between the two parties; the key issue here is whether John can claim the bonus of $1000 from Nick. Provided the consideration has ‘something of value in the eye of the law’ to support the bargain, the courts will not concern themselves with its adequacy and the relative values exchanged. Therefore, it can be argued that if a party does, or promises to do something, which he is already bound to do, he then provides no consideration for the promise. In Stilk v Myrick, two sailors deserted during a voyage, the master promising to apportion the deserters’ wages amongst the remaining sailors if they would sail the ship home safely. The courts held that the claim for additional wages must fail since no consideration had been provided in performing the existing contractual obligation which was to get the ship home. On this basis, it can be argued that John has performed no more than his contractual duty and Consequently;, he has no sufficient consideration for the bonus money. However, a more recent “refinement and limitation” to the rule in Stilk made In Williams v Roffey Bro & Nicholls(Contractors) Ltd , has fundamentally altered our perception of the doctrine of consideration. In this case, the defendant was a firm of builders contracted to refurbish blocks of flats, the carpentry...
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...Classroom Case Demonstration “Something’s Fishy at Jones Company – from Investigation to Confession.” Designed for the classroom or a seminar, an intrepid seasoned internal audit manager and an inexperienced but willing staff auditor investigate suspicious financial activity at Jones Company. Their discoveries reveal their hunch was right, and they are able to stop the fraud. This case can be used in a classroom or seminar setting to: ● Discuss the Fraud Triangle and the importance of symptoms ● Discuss accounting symptoms of fraud ● Perform financial statement analyses to determine if fraud is suspected ● Identify and test a fraud hypothesis ● Analyze an interview ● Analyze an interrogation ● Draw conclusions and prepare fraud reports The case requirements include: 1. Perform horizontal and vertical analyses of the financial statements. 2. Describe other financial statement analyses that the auditor could have performed. 3. Describe a public records search. 4. Analyze this case using the fraud triangle. 5. What is the fraud hypothesis in this case? Session Topics This case includes teaching notes (provided on the conference website) and a video (30 minutes) depicting a suspect interview and a separate interrogation. The video highlights verbal and non-verbal cues to look for when interviewing and a non-confrontational approach to interrogation. During this session we will view the video and discuss how the case might be used in the classroom or seminar. Copies of the video will...
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...Business Law Contract and negligence Done by: Name.............................................................................. College Id....................................................................... TABLE OF CONTENTS Question 1.1................................................................................page 3 Question 1.2................................................................................Page 3 Question 1.3.................................................................................Page 4 Question 2.1.................................................................................Page 4-5 Question 2.2.....................................................................................Page 5 Question 2.3......................................................................................Page 5 Question 3.1.......................................................................................Page 6 Question 3.2......................................................................................Page 6-7 Question 3.3........................................................................................Page 7 Question 4.2.........................................................................................Page 7-8 Question 4.3.....................................................
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...immediate effect was to legalize same-sex marriage across the land, its long-term impact could extend far beyond this context. To see this point, consider how much more narrowly the opinion could have been written. It could have invoked the equal protection and due process guarantees without specifying a formal level of review, and then observed that none of the state justifications survived even a deferential form of scrutiny. The Court had adopted this strategy in prior gay rights cases.4 Instead, the Court issued a sweeping statement that could be compared to Loving v. Virginia,5 the 1967 case that invalidated bans on in––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Chief Justice Earl Warren Professor of Constitutional Law, New York University School of Law. I gratefully acknowledge receiving financial support from the Filomen D’Agostino and Max E. Greenberg Research Fund. I thank Perri Ravon and Annmarie Zell for their research assistance and Professor Reva Siegel for her comments. 1 135 S. Ct. 2584 (2015). 2 The case presented two questions: (1) “Does the Fourteenth Amendment require a state to license marriage between two people of the same sex?” and (2) “Does the Fourteenth Amendment require a...
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