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An employee in the New York office of Fried, Frank, Harris, Shriver & Jacobson LLP has been indicted for stealing more than $376,000 worth of copy machine toner over approximately two years. The employee accomplished this by ordering excess toner from two vendors and effectively setting up a side business through which he sold the toner. …
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Permanent link to this article: https://betweenthenumbers.net/2013/01/employee-theft-of-office-supplies-can-really-add-up/
A New York judge has denied class certification in a lawsuit filed against Beam Global Spirits & Wine Inc., maker of the Skinnygirl Margarita. The accusation in the proposed class action suit is that the Skinnygirl Margarita is falsely advertised as being “all natural”. In order to qualify as a class, certain criteria must be …
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Permanent link to this article: https://betweenthenumbers.net/2013/01/court-finds-that-this-man-is-not-your-typical-skinnygirl/
Attorneys in a recent case related to injuries stemming from a car accident are blaming the reduced damage award on the plaintiff’s Twitter activity. In the case of Daniels vs. Atlanta Refrigeration, Ms. Daniels sought over $1 million, including about $800,000 for pain and suffering and $300,000 in diminished earning capacity and medical expenses related to a …
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Permanent link to this article: https://betweenthenumbers.net/2013/01/twitter-activity-believed-to-have-negatively-impacted-damage-award/
An actress’ age is often a well guarded secret. Whether it is also covered under privacy laws is the subject of current litigation between Huong Hoang (aka Junie Hoang for acting purposes) and IMDb, the Internet Movie Database used by many in Hollywood to view an industry player’s profile, resume, photos and filmography. In Ms. …
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Permanent link to this article: https://betweenthenumbers.net/2013/01/actress-claims-lost-profits-damages-from-imdb-revealing-her-true-age/
Sports Illustrated provides a surprising statistic: “By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress; within five years of retirement, an estimated 60 percent of former NBA players are broke.” There are many contributing factors that quickly spring to mind …
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Permanent link to this article: https://betweenthenumbers.net/2012/12/maintaining-wealth-eludes-most-professional-athletes/
HP is going to take an $8.8 billion write-down related to its $11.1 billion acquisition of British company Autonomy Corporation PLC in October 2011. HP asserts that much of the write down (approximately $5 billion) is required because of accounting irregularities, allegedly fraud, contained in the financials statements relied upon in association with the purchase. Among …
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Permanent link to this article: https://betweenthenumbers.net/2012/11/hp-claims-5-billion-of-overpayment-was-due-to-fraudulent-financial-reporting/
He strikes again. The IRS whistleblower known only as “Mr. ABC” has claimed his third payout for assistance in bringing down tax cheats. Mr. ABC has been critical of the government’s ability to identify and investigate sophisticated tax shelters. Whether motivated by a sense of justice or the pursuit of yet another seven figure reward, …
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Permanent link to this article: https://betweenthenumbers.net/2012/11/is-irs-whistleblower-the-new-caped-crusader/
There has been a lot of press (some of which is discussed in a prior post) about various government agency employees taking extreme liberties with their government issued credit cards. Back in July 2011, the Senate approved a reform measure for additional controls and stricter penalties that is finally set by signature by President Obama. …
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Permanent link to this article: https://betweenthenumbers.net/2012/09/government-crackdown-is-a-reminder-for-businesses-to-examine-credit-card-policies/
Despite prior criticism that the IRS hasn’t been properly paying under it’s whistleblower reward program (discussed here), it recently awarded a record amount of $104 million to Bradley Birkenfeld. The reward derived from information he provided leading to the 2009 agreement by UBS to pay $780 million in fines, penalties, interest and restitution related to allegations that …
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Permanent link to this article: https://betweenthenumbers.net/2012/09/whistleblower-emerges-from-jail-and-collects-over-100-million-reward/
Historically, the right to broadcast the Olympic Games has not been a stand alone money maker for the network that acquired it. When NBC announced that the Olympic Games would be at “about breakeven”, some thought this trend had been broken. It hasn’t. Reportedly NBC paid about $1.2 billion for the U.S. rights to broadcast …
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Permanent link to this article: https://betweenthenumbers.net/2012/08/olympic-games-still-a-loss-leader/
