Ethics and Legal Environment of Business Essay

I agree with court’s decision to dismiss Ms. Marder’s grievance against Paramount. Ms. Marder made a contract with Paramount and sold away the rights to her story. The contract between Ms.Marder and Paramount was legal and binding; the courts could not favor her. Paramount became the legal own of Ms. Marder’s story at the time of its purchase; the price they paid for her story, although quite small, was the amount she had agreed to.

1. Give an example of a case that would fall under diversity jurisdiction. Explain all of the key elements of such a case.

3. For a crime to be committed, the prosecutor must be able to prove a criminal intent and an overt act to carry out that intent. Jack and Mary agreed to rob a series of banks. Prior to beginning their bank robbery spree, they were arrested and charged with criminal conspiracy. What act did Jack and Mary do that justifies a finding that they committed the crime? Explain.

corporate entity may be disregarded in those situations where the corporate form is being used to perpetrate injustice, defeat public convenience, or justify wrongful or inequitable conduct. '"

1. What impact does the Canadian Charter of Rights and Freedoms have on rights and freedoms not mentioned specifically in the Charter? Could these "other rights and freedoms" be curtailed or extinguished by governments? Answer: The Charter recognizes the existence of other rights and permits them to continue except where they conflict with Charter rights and freedoms. Rights outside the Charter do not have Charter protection, and may be abolished or encroached upon by governments. 2. What is the difference between a "right" and a "privilege"? Answer: A right is an act that may be done with impunity and with the support and recognition of the state. The state recognizes a right as something which neither it nor others may

In this situation, there was an incident where the three board of directors have had a personal interest in company and they themselves agreed to buy shares of stock of Green Med because they believed that Cheap Pharma cannot afford to buy the share of stock

Shareholders will continue their claim that there was a failure to exercise due care, using director-by-director rather than a collective analysis of the situation. Shareholders also state that the compensation committee did not properly inform themselves of the material facts so forth being grossly negligent in approving NFT provisions of OEA. Shareholders disputed that Eisner alone wasn’t enough to authorize termination on Ovitz. Secondly, Ovitz could have been terminated with a cause, and third, the business judgment rule did not protect Disney’s NFT

Ruling: The directors did not serve the interests of the shareholders by failing to fully analyze the nature of the deal.

Around the time of the housing crisis in the US, Hollate Manufacturing underwent a series of major changes at key managerial positions. The former CFO, Jack Brennahan, became the new CEO. Brennahan helped conduct the search for a new CFO to fill his spot, and they eventually decided on William Blackburt. Blackburt was hired mostly due to his prior success at growing a manufacturer through acquisitions. Despite the recent economic downturn, Hollate had success with their first acquisition and IPO and were looking to continue to grow the company through further acquisitions. When Blackburt was hired, he negotiated aggressively for his compensation package to include significant bonus opportunities based on higher revenue growth. Shortly prior to Blackburt being hired, Hollate’s board also underwent some changes. Mike Soltany was the Audit Committee Chair. The two other members of the board were recruited by and were acquaintances of Brennahan’s. Eventually this board would become even closer with one another and with other members of management at the firm. Once operations got underway with Blackburt as the new CFO, he was an aggressive supporter of Hollate making further acquisitions. This strategy seemed to work for the company and things seemed to be looking up. The positive environment at Hollate and the personal relationships that formed among top managers led to a strong sense of trust among top management. Eventually, this sense of trust paired with the focus on meeting

If the advisors along with Raider the friend of Blacks would have disclosed the intentions of the decisions to the BOD and the advisors could have provided the reports for the transactions which Black had credited in his own favor this would have helped to prevent the fraud and the demolish of the company values.

Facts: In 1977, Berlinair Inc. was created. Klinicki, (P), was a vice-president and a director, and Lundgren (D) was the corporation’s president and a director, each with a 33% share. The other 33% was held by a company owned by Lundgren, with the remaining 1% held by the company attorney. Each man owned 33 percent of the company stock. Punitive damages were awarded against D for $750,000. D moved to dismiss the punitive damages. Dismissal was granted and appealed.

He and one of the beneficiaries told the other beneficiaries that the best way to realize the value of the shares would be to make a takeover bid. In the end, Mr Boardman made such a bid, successfully, in his personal capacity. However, this became an event giving rise to non-consensual property rights, a wrong, because he only gained the opportunity to do this and the information necessary while purportedly (or actually) acting in the capacity of adviser to the trustees. Mr Boardman did not act dishonestly in the sense that he deliberately set out to deceive the beneficiaries.

Dr Dawes was a director of GML and obtained confidential information by reason of his position as a director. Dawes made improper use of that information by basing his decision to purchase shares on the information, in order to obtain an advantage for himself, in which he and his wife beneficially held MMM shares and sell on high

Business Ethics has been difficult for me. I have not had any background in business and so learning the vocabulary was definitely a challenge. The course as a whole has many different parts. The lecture and notes as well as the case readings. The case readings tied all of the vocabulary together and helped me to put the information we have learned into a real life scenario. Overall, Business Ethics has been a great way for me to learn about different companies. I also believe this course helped me to look behind the scenes at the layers of business, and overall the course gave me a better knowledge and understanding of business as a whole.

The legal issue to the case is whether the board of director have the right under the Delaware and German law to make a decision on the above mentioned concerns, without the consent of the