Month: August 2017

Google Acquires Fitbit in a Massive $2.1 Billion Deal

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Mergers and acquisitions are common business occurrences involving the consolidation of companies or assets through various types of financial transactions. Mergers, acquisitions, consolidations, tender offers, and more can all dramatically change the face of a well-known business. In fact, Google recently acquired Fitbit in its largest acquisition to date for about $2.1 billion. This comes as the search engine giant aims to grow its presence in the smartwatch and fitness technology industries.


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Florida Real Estate Fraudster is Sentenced for $1.3 Billion Ponzi Scheme

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Fraud is, unfortunately, something that affects many businesses and individuals on a fairly regular basis. One type of fraud that has become more prevalent over the years is the Ponzi scheme. The most well-known example in recent memory is the 2008 arrest of Bernie Madoff for operating one of the largest private Ponzi schemes in history, estimated at $64.8 billion.


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Employee Alleges Breach of Fiduciary Duty Over Security Breach

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When a breach of fiduciary duty occurs, it can be devastating for those involved. This is because fiduciary and beneficiary relationships require a great amount of trust in order to be successful. Recently, an Estee Lauder employee filed a lawsuit against the company after the security of her 401(k) account was breached occurred. The employee accused the business of breaching its fiduciary duty to her after they failed to report the security breach.


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Two Texas Counties Allege Mishandling of Hurricane Harvey Claims

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For many Houstonians, Hurricane Harvey proved to be a storm like no other. Over 27 trillion gallons of rain washed over our city, resulting in 50 inches of rainfall. The rainfall was so heavy, in fact, the National Weather Service had to update the colors used to showcase the severity of the rainfall on its weather charts to properly account for it. As to be expected after a storm like Harvey, many insurance claims for property damage were subsequently filed with insurance companies. Unfortunately, however, many Texans believe both insurance proceeds and local and federal funds designated to help pay these claims were mishandled, some even suggesting an investigation should take place.


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$2.1 Billion in Gene Testing Fraud Billed to US Medicare Program

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Today, we are fortunate to have access to many different testing options that screen for various diseases and infections we otherwise may not know about. Genetic testing in particular is utilized to identify changes within the DNA sequence or chromosome structure and measures the results of these changes. For several unsuspecting seniors, however, recommended genetic testing was found unnecessary after a massive fraud scam against the U.S. Medicare program was revealed.


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Dell Technologies Will Pay $7 Million to Settle Discrimination Lawsuit

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Cases of workplace discrimination seem to appear in the news nearly every week. Unfortunately, this trend is nothing new, as a study from the Equal Employment Opportunity Commission (EEOC) shows the agency received 1,889,631 discrimination complaints from 1997 to 2018. In 2017, a majority of these complaints were based on retaliation, race, disability, or sex. […]


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$10 Million Lawsuit Against Abandoned Texas Theme Park Veiled in Controversy

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For many, the idea of their hometown or city having a localized theme park to go to with family and friends seems simple enough. However, this has been a topic of contention for many Houstonians, since the beloved AstroWorld closed its gates for good in 2005 and was eventually demolished to make room for additional […]


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What Ignoring Workplace Harassment Can Mean For the Future of Your Business

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Workplace harassment has remained top of mind for many businesses since the #MeToo and #TimesUp movements brought several major issues to light in recent years. Unfortunately, however, many companies still struggle to tackle workplace harassment head-on, as they don’t think it could happen to them or happen in their office. In fact, more than 7,500 […]


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