By Melinda Garcia | Published August 9, 2016 | Posted in Business, Product Liability Lawsuits, Risk Management | Tagged Tags: Business, Product Liability Lawsuits, Risk Management | Leave a comment
Risk Management: Protect Yourself from Product Liability Lawsuits
In 1998, Dow Corning was sued for $4.2 billion by 170,000 customers claiming that their silicone breast implants ruptured, causing bodily harm, scleroderma, or death. Because of the outstanding number of cases against the company, Dow Corning settled for $3.2 billion (CNN Money). In December of 1998, Owens Corning Corp. had approximately 176,000 product liability Read More
Read MoreBenefits of Forming a Business Partnership in California
Starting a business is a new and exciting adventure, but it is also one that requires asking a lot of important questions and making a lot of important, often irrevocable decisions. One of those decisions is which form your business should take. When forming a small business in California, you have six business entity Read More
Read MoreEmployers Brush Up on Employee’s Rights in Case of a Buyout
As the economic outlook becomes more stable in the U.S., more and more corporate mergers are taking place, with 2015 seeing a record high of $5 trillion in deals (Harvard Law School Forum On Corporate Governance and Financial Regulation). 2016 is anticipated to surpass deals made in 2015, which can mean great news for the Read More
Read MoreIndependent Contractor or Employee?
Many companies hire independent contractors to do any number of tasks, from running weekly payroll to providing copywriting services. Typically, independent contractors are a lot cheaper to hire than full-time employees, as employers are not required to offer independent contractors benefits, they are not restricted to offering a set amount of hours, they do not Read More
Read MoreWrongful Termination in California
California is an “at will” state, meaning that employers have the right to hire and fire individuals at will, without any real reason or explanation (so long as the reason was not illegal, such as race, gender, etc.). If you have been fired from your job in California, the best thing you can do is Read More
Read MoreHow to Peacefully Break up With Your Business Partner in California
Much like when individuals enter into a marriage, when two individuals enter into a business partnership, they do so with starry-eyes and visions of success. What they do not foresee is all the hard work that goes into maintaining a working relationship, all of the disagreements that come with two strong-willed people making such large Read More
Read MoreThe Business Judgment Rule and Liability
The business judgment rule is an important aspect of business, and an essential instrument in a high-level executive’s toolbox. Corporate directors are required to make important business decisions on a daily basis, and need some kind of assurance that if a decision results in a loss of company value, they will not be held personally Read More
Read MoreDo My Employees Qualify for Overtime Exemptions in California?
You may be wondering if your employees are exempt from overtime. Few employees meet the qualifications for these exemptions, but they do exist. Here, we will cover the overtime exemptions in California to help you decide if your employees are covered. With employment law, it is better to be safe than sorry, and if you Read More
Read MoreUnfair Competition in the Golden State
Movies often portray business leaders in a less than favorable light, showing dastardly businessmen and women engaging in less than honorable behavior toward partners, customers, and rivals under the auspices of “it’s not personal, it’s business.” In reality, however, the business world often involves projects that involve complex transactions and may actually blend personal and Read More
Read MoreA Fair Wage: Overtime Violations Can Prove Costly
Recent news stories about the recycling industry reported that it can be rife with wage and hour violations. Whether it is the nature of the work done by employees, or the relative newcomer status of the industry, employers of all types and sizes must treat their employees fairly. This means that they must pay workers Read More
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