HISTORY OF WHISTLEBLOWER (DOUGLAS DURAND) Douglas Durand is the paragon of a corporate whistleblower. Shortly after stepping in as vice president of sales at TAP Pharmaceutical Products in early 1995, he began to suspect the company was conspiring with doctors to overcharge the federal government’s Medicare program by tens of millions of dollars. But instead of trying to fix the problem, he spent seven months gathering evidence of supposed fraud. Then he quit in 1996 and filed a secret lawsuit against TAP. One motive which is if he could prove the company was dirty; he would share a nice lump of any money TAP paid back to the feds.
Her doctors confirmed that these medical problems resulted in her being totally disable. Broadspire's (third party company) physicians that represented Eaton reviewed Ms. Evans 2003 records and concluded that she was no longer fully disabled. Ms. Evans was also administered an Evaluation, which concluded that she was capable of performing daily house hold duties, as well as her job in light category of work in an 8 hour period. Later that year, Ms. Evans was sent a benefits cancellation letter from the Broadspire Company. The district court decided in Ms. Evans favors even though both sides had present strong arguments to support their cases.
Bank Of America’s acquisition of Merrill Lynch Along with the fire sale of Bear Stearns and the bankruptcy of Lehman Brothers, the rescue of Merrill lynch confirmed the worst fears about the financial crisis. After a weekend of whirlwind deal-making, Merrill Lynch had sold their troubled brokerage firm to the Bank of America Corporation, dodging the financial sinkhole that was swallowing Lehman Brothers. As per some current and former Bofa executives and employees, the merger was really messy. On Saturday, September 13, Ken Lewis (Bofa CEO) and John Thain(Merrill CEO) met to discuss a strategic relationship. Thain proposed a 10% percent minority investment in Merrill, but Lewis wanted complete acquisition.
November 13, 2011 TAX FILE MEMORANDUM FROM Annon SUBJECT MegaCorp, Inc. and Business Expense Today I spoke with our client, Peaceful MegaCorp, Inc. regarding their recent audit notice from the IRS. They want to know if the IRS is correct when they told MegaCorp, Inc. that they couldn't characterize the $5 million payment to Ideas, Inc. as necessary business expense. Instead, they need to characterize it as a capital expenditure, so they won't be able to deduct this payment. FACTS MegaCorp, Inc. purchased a company called Little, Inc. including all their assets and liabilities. Prior to the purchase, Little was involved in a patent infringement with Ideas, Inc. MegaCorp, Inc. agreed to pay $5 million in damages, and deduct it as necessary business expense.
The purpose of the loan was to buy personal property. The loans were off-the –books. Ebbers persuaded WorldCom’s board of directors to provide him corporate loans and guarantees in excess of $400 million to cover his margin calls. The board hoped that the loans would turn aside the need for Ebbers to sell substantial amounts of his WorldCom stock, as his doing so would put further downward pressure in the stock's price. However, this strategy ultimately failed and Ebbers was ousted as CEO in April 2002.
On June 12, 1974 Mrs. Mitchell applied for unemployment compensation benefits and she was denied by the deputy of the Unemployment Security Commission on July 24 1974. Due to this Mrs. Mitchell was left disqualified for seven weeks of unemployment benefits. The actions of Mrs. Mitchell were considered as being defiant because of the name calling, not having the proper attire, and other evidence of conduct that had been done purposefully. Mrs. Mitchell then applied for an appeal, where she received a reinstatement of benefits on August 28 1974. On September 13 1974 appealed the decision of the Appeal Tribunal to the whole Commission pursuant to s 59-9-6(E), N.M.S.A..1953.
The agreement also stated that the divorced couple would each of whom be responsible 50% of the debt. However, Mary Stine did not sign the agreement. Stewart sold the home leaving only $6,801.21 in net proceeds toward the $50,000 debt. Mary Stine sued William Stewart for breach of contract when Stewart failed to make payments like stated in the agreement. The trial court awarded Mary Stine $28,410 in damages because she was an intended third-party beneficiary.
CalPERS vs. JC Penney Overview CalPERS investment program began on February 22, 2000 when they included JC Penney on their annual Focus List. CalPERS further exclaimed that due to declining sales and a deteriorating customer base they had lost confidence in Penney’s management. Subsequent to the release of their focus list JC Penney made numerous strategic decisions to revitalize and boost the value of the company. Penney forced their current CEO James Oesterreicher to retire. Next instead of promoting from within, they searched for new blood and hired former Barney’s CEO Allen Questrom.
Sylvia Vega Smith, a mother of four children, worked as a wholesaler for BNC and was making commission money hand over fist; $16,000 per month. Sylvia states that some of the underwriters demanded that they receive brides to make the wholesalers loans go through. The bribes ranged from $1,000 to $2,500 for the first ten loans to the next twenty. When Sylvia’s underwriter wanted a bribe, or spinoff, from Sylvia she refused. Upon refusing her files stated missing and the $16,000 commission she was making began to drop, her boss told her if she was not going to fall in line then he “was going to make an example of her to the others” (Hellriegel & Slocum) According to the lawsuit, Coleen e-mailed the Regional Vice President of Operations to tell them that the male wholesaler had tried to bribe
Wynn Resorts then issued Okada a $1.9 billion promissory note for his holdings, effectively booting him from the company. That’s $870 million less than the $2.77 billion stock market value of Universal’s Wynn shares. Okada told Bloomberg that he wasn’t aware that Wynn Resorts had in 2002 amended its articles of incorporation to enable it to declare shareholders “unsuitable” and redeem their shares at a price determined by the company. “They gave the board the report without letting me review it,” Okada says. “Even criminals would be asked to sign off on the findings to ensure there are no mistakes.” In a statement, Universal called the forced sale “outrageous” and vowed to “take all legal actions necessary.” Okada says the redemption was in part a response to Universal moving to enter the casino business in the Philippines on its own and for a lawsuit Okada filed against Wynn Resorts in January.