Questions from Business Law

Q: The U.S. Forest Service (USFS) proposed a

The U.S. Forest Service (USFS) proposed a travel management plan (TMP) for the Beartooth Ranger District in the Pryor and Absaroka Mountains in the Custer National Forest of southern Montana. The TMP...

Q: Innovative Marketing, Inc. (IMI), sold “scareware”—

Innovative Marketing, Inc. (IMI), sold “scareware”—computer security software. IMI’s Internet ads redirected consumers to sites where they were told that a scan of their computers had detected dangero...

Q: ICG Hazard, LLC, operates the Thunder Ridge surface coal mine

ICG Hazard, LLC, operates the Thunder Ridge surface coal mine in Leslie County, Kentucky, under a National Pollutant Discharge Elimination System permit issued by the Kentucky Division of Water (KDOW)...

Q: Larkin, Inc., retains Howard Perkins to manage its books and

Larkin, Inc., retains Howard Perkins to manage its books and prepare its financial statements. Perkins, a certified public accountant, lives in Indiana and practices there. After twenty years, Perkins...

Q: The accounting firm of Goldman, Walters, Johnson & Co.

The accounting firm of Goldman, Walters, Johnson & Co. prepared financial statements for Lucy’s Fashions, Inc. After reviewing the financial statements, Happydays State Bank agreed to loan Lucy’s Fash...

Q: John Sheridan owned a Marathon gas station franchise. He sued Marathon

John Sheridan owned a Marathon gas station franchise. He sued Marathon Petroleum Co. under Section 1 of the Sherman Act and Section 3 of the Clayton Act, charging it with illegally tying the processin...

Q: A West Virginia bank ran its asset value from $100 million

A West Virginia bank ran its asset value from $100 million to $1 billion over seven years by aggressively marketing subprime loans. The Office of the Comptroller of the Currency, a federal regulator,...

Q: Soon after Teresa DeYoung’s husband died, her mother-in-

Soon after Teresa DeYoung’s husband died, her mother-in-law also died, leaving an inheritance of more than $400,000 for DeYoung’s children. DeYoung hired John Ruggerio, an attorney, to ensure that her...

Q: Jeffery Guerrero hired James McDonald, a certified public accountant, to

Jeffery Guerrero hired James McDonald, a certified public accountant, to represent him and his business in an appeal to the Internal Revenue Service. The appeal concerned audits that showed Guerrero o...

Q: In 2006, twenty- seven parties became limited partners in two

In 2006, twenty- seven parties became limited partners in two hedge funds that had invested with Bernard Madoff and his investment firm. The partners’ investment adviser gave them various investment i...