Martin Scorsese movie Raging Bull and an ancient doctrine of equity will make a joint appearance later this month at the U.S. Supreme Court. On January 21, 2014, the Court will hear arguments in Petrella v. Metro:Goldwyn:Mayer, Inc.1 The case involves copyright infringement claims about the movie, and about the extent to which those claims are barred by the doctrine of laches. Laches is a defense that was developed by courts of equity, and it is typically raised in cases where a plaintiff has delayed
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Takata’s Faulty Airbags Still Exact Toll as Recalls Lag Suggestions; 1: I believe that in order to lower the toll of faulty airbags, the drivers should beware of how they are driving. Drivers should be more focused on their safety then answering phone calls and texts. During an inspection, when the driver is informed that their airbag is defaulted they should order a new air bag and during the waiting time frame try to use a different transportation, and if there is no other source of transportation
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exists. In section b, as a group the holders of the equity investment at risk lack any one of the following three characteristics of a controlling financial interest: 1. The direct or indirect ability through voting rights or similar rights to make decisions about a legal entity's activities that have a significant effect on the success of the legal entity. The investors do not have that ability through voting rights or similar rights if no owners hold voting rights or similar rights. 2. The obligation
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Effects of allowance Efficiency considerations While the scheme is efficient in that it does encourage access to tertiary education through breaking barriers concerned with cost of tertiary education, there are some efficiency considerations concerned to the provision of student allowances which need to be addressed. Due to the fact that once the student earns over $195.78, the student allowance payment is abated at one dollar per dollar earned acts as a disincentive for the student to partake
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Unit 6 Specific Performance Elizabeth A. Combs LS 311: Business Law I-01 Kaplan University Professor Toni Starcher February 14, 2012 Unit 6 Specific Performance “The equitable remedy of Specific Performance calls for the performance of the act promised in the contract. This remedy is often attractive to a nonbreaching party because it provides the exact bargain promised in the contract,” (Miller & Jentz, 2008). With this being said, we can now take a look at our assignment scenarios
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Wolsey was The ignored illegal practice of enclosure, which involved the fencing-off of common land for sheep rearing, was a profitable method of agriculture that Wolsey clamped down on with an iron fist during his 'rule'. In 1517, aware of the impacts of enclosure on rural depopulation and poverty Wolsey began his assault on the illegal and immoral practice, with the beginning of a national inquiry. As part of the inquiry, many were brought to court and ordered to rebuild buildings and restore
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Case 15-2 Burying the Hatchet Mighty Mufflers Corp. (MMC) manufactures exhaust systems that automakers use in the production of new vehicles. Competition in this market has waned in recent years. Many competitors exited the business in the economic downturn and few have returned because of the capital-intensive nature of the manufacturing process. In 20X1, the Department of Justice (DOJ) launched an investigation involving MMC and two additional auto parts suppliers, alleging anticompetitive
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S. raise their long-term debt ratios by 2 to 3 percentage points. This finding is consistent with the idea that, although the reduction in information asymmetry associated with SOX could prompt managers to increase equity financing, debt is still safer and less costly than equity in the SOX era. Further analysis shows that the increase in debt occurs in the two quarters prior to SOX, suggesting that firms anticipate a higher cost of debt after SOX and acquire debt while it is relatively cheap
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he was always conscious for good ideas, which he could transform into businesses. This chance was given when | |he installed some high-speed communication lines for an office where two mar-keting companies had their headquarters. When the | |owners of the two companies were argu-ing about any new ideas, they came up with a “search engine” for the internet. Addante
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Consolidation of Variable Interest Entities A Roadmap to Applying the Variable Interest Entities Consolidation Model March 2010 FASB material, copyright © by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, is reproduced with permission. This publication is provided as an information service by the Accounting Standards and Communications Group of Deloitte & Touche LLP. It does not address all possible fact patterns and the guidance is subject to change
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