Addressing International Legal and Ethical Issues Simulation Summary July 9,2012 Law 421 David Tiffany What legal issues are similar in the 3 cases? The similarity of legal issues involved in the three cases presented in my opinion would be negligence and establishing legal and ethical liabilities for international transactions across the globe. In the simulation Cadmex is looking to acquire exclusive global market rights to the anti-diabetic agent ProPrez which was established in Candore. The Ionia case is a mixture of criminal conduct as well as negligence, the Jamaican ship falsified the Oil Record Books (ORB) in foreign ports which caused an ethical dilemma(oil pollution). The third case refers to Pfizer’s 1996 case that took place in Northern Nigeria during an epidemic of bacterial meningitis.
Since it would be beneficial to companies to get approval from the Federal Drug Administration (FDA), companies will conduct research studies on the effects of these other conditions. “Occasionally, research specialists may be asked by sponsors to participate in unethical behavior.” (Cooper & Schindler, 2011). The legal case against Neurontin exposed the unethical behavior that Pfizer and Parke-Davis partook in. Some of which are discussed in, “Business Research Methods”, written by Cooper and Schindler. * Changing data or creating false data to meet a desired objective.
This is a pivotal part in terms of maintain the functioning of society and to ensure that people don’t go around breaking laws wherever and whenever they want. The criminal justice system is therefore a central part of society and without is society would quickly deteriorate into chaos. There are however a number of issues in the criminal justice system. Some of these issues include false convictions and bias within the courtroom. The tutorial discussion this week was essentially discussing how the system operates and some of the flaws within the system such as false convictions which come about through human error or in extreme cases racial bias (Alberto F. Alesina, Eliana La Ferrara, 2011).
Next instead of promoting from within, they searched for new blood and hired former Barney’s CEO Allen Questrom. Penney went on to sell one it’s direct marketing unit to raise capital to reduce debt. They restructured the company to focus on its struggling department stores, cutting employees and closing down many stores. By September 29, 2003, the culmination of CalPERS active investment in Penney, JC Penney seemed to right the ship and was able to streamline operations to be more efficient and profitable. Chronology of Events 2/22/00: CalPERS identifies 10 underperforming companies that will serve as their primary focus for corporate governance activism for the 2000 proxy season.
Martha Stewart owned shares of a company Called ImClone SystemIncorporated, which was founded in 1984, it is a biopharmaceutical companycommitted to advancing oncology care by developing a portfolio of targetedbiologic treatments designed to address the medical needs of patients with avariety of cancers. In 2001 ImClone received notification that a newprescription drug, in which the company poured extensive money intoresearch and development, would not receive approval by the Food and DrugAdministration. The CEO of ImClone, Sam Waskal, in an effort to avoidfinancial losses to his shares of ImClone, made a call to his stock broker todump his shares of the company stock. The broker, who also served as abroker for Martha Stewart, notified Stewart that the CEO was liquidating the company stock and that it would be in her financial interest to follow suit byselling off her own shares of the company, which totaled almost 4,000shares. The Securities and Exchange Commission noticed an unusual coincidencebetween the selling of mass amounts of shares by the CEO of ImClone andMartha Stewart and began an investigation to determine if Martha Stewartwas guilty of insider trading.Insider trading is defined by the SEC as “Illegal insider trading refersgenerally to buying or selling a security, in breach of a fiduciary duty or otherrelationship of trust and confidence, while in possession of material,nonpublic information about the security.
Thoughts and Perspectives on Merchants of Doubt In their book entitled Merchants of Doubt, authors Naomi Oreskes and Erik Conway highlight numerous parallels and uncover many untold truths pertaining to highly controversial topics such as climate change, ozone depletion, and tobacco smoking. Oreskes and Conway provide evidence and correlations that a loosely knit group of scientists, those funded behind the scenes through private corporations or political affiliation challenges the scientific consensus on many controversial contemporary issues. The theme of the book is essentially the idea of doubt and confusion used as a tool employed by industries and private corporations in attempt to keep controversy on contemporary issues alive. By doing so, any further action pertaining to the deregulation and or regulation of a specific issue is delayed, resulting in little to no change. One of the more interesting topics that caught my attention especially is the topic of the tobacco industry.
I am curious to know why the insurance companies started this trend on restrictive billing practices or how come the contracts were not clearly understood by each Payee. I was shocked to see how recent this article was. With updated national licensing requirements for PTAs, in a perfect world, these insurance companies should have been educated and informed on the PTA role before encountering these billing issues. PT being not only a focus on reactive but preventative medicine, I would hope that principal or prevention would be engrained in this profession; shouldn’t the role of the PTA been clearly defined
The restructuring plan makes sense because Avon’s management demonstrates that it accepts the mistake of its healthcare diversification strategy, and now it concentrates back on the core business initiating a transformation from the direct sales model towards beauty business. On the back of cosmetics industry recovery and Avon’s strong position in this sector, this commitment sends a positive message and in our opinion is indeed a much more justifiable strategic choice. 2. What was Avon’s condition in mid-1988 and why was Avon reducing its dividends? In the mid-1988 Avon was divesting from its healthcare business with significant losses and needed to reserve money for the restructuring costs.
The term internal market become common within the NHS this was where the hospital authorities ceased to run the hospitals but purchased care from their own or other health authorities this applied to GP's also which could purchase care for their patients. The New Labour as it was deemed came to power in 1997 where Tony Blair declared that the internal market will be abolished, in a further speech he rapidly changed his tune, he thought it best to strengthen the internal market to what he saw as modernisation. Labour created NHS Direct though it is quite a success and not very well published, patients who really need to see a doctor out of hours, results in numerous calls just to speak to a
Possessing the authority to remove or grant someone their freedom in the courtroom is a huge responsibility, therefore the ramifications of jury decisions being based on stereotypic preconceptions is tremendous for society, possibly destroying the reputation of the legal system as one that is impartial and fair. References: Lilienfeld, S. Lynn, S. Namy, L. Woolf, N. Jamieson, G. Haslam, N. Slaughter, V. (2012). Psychology: From inquiry to understanding. Pearson Australia. 579.