Many turn to IT support in the event our laptops, home computers, or other devices appear to be having technical difficulties. Recently, however, two individuals were indicted for running what could be one of the largest tech-support scams ever recorded.
The average business loses 5% of its yearly income to fraud according to an Association of Certified Fraud Examiners Global Fraud Study. Increasingly, business fraud takes the form of a Ponzi scheme. Investors and businesses alike need to understand what a Ponzi scheme looks like to avoid falling victim. To confuse things, investments-gone-bad are increasingly being called Ponzi schemes by people who should know better. Failing to recognize the difference can prevent an investor from pursuing the best remedy to recover their investment losses.
The doctrine of sovereign immunity deprives federal and state courts of jurisdiction over suits against governments and their agencies unless the government waives immunity. The Eleventh Amendment enshrines sovereign immunity in our Constitution: “The Judicial power of the United States shall not be construed to extend to any suit in law or equity, commenced or prosecuted against one of the United States by Citizens of another State.” In other words, the Constitution divests federal courts of jurisdiction over suits against states or their agencies.
Trade secret protection is often a central concern in litigation. This is particularly true for non-parties asked to disclose information they consider confidential, critical business information. The scope of discovery is broad, with the rules of discovery generally allowing the discovery of any information reasonably calculated to lead to the discovery of relevant, admissible evidence. However, the rules of discovery also allow parties and non-parties to seek protection of privileged and other confidential information, such as trade secrets. This was the case for a non-party medical provider, AD Hospital East, LLC, in Austen Lackey v. Austin Dement and CRST Expedited, Inc., Case Number SA-17-cv-00514, in the U.S. District Court for the Western District of Texas, San Antonio Division.
Few would have predicted that a company’s inability to complete a Texas to California rail line in the late 1880’s would result in the creation of one of the oil and gas industry’s most valuable assets. The Texas Pacific Land Trust (TPL) was established in 1888 following the Texas and Pacific Railway Company’s failure and subsequent bankruptcy. The railway’s over 3.5 million acres of land were deeded into the TPL as part of the bankruptcy. The TPL sold much of this land over time, but its remaining 900,000 acres are mostly situated in the Permian Basin — one of the most oil rich basins in the country.
American Airlines employs over 31,000 mechanics to keep its planes in the air, but its four-year-long contract dispute with its mechanics’ unions may soon change that. The problem started in 2013 when American Airlines merged with U.S. Airways. At the time, each airline had a contract with a different union. Mechanics at American Airlines had a contract with the Transport Workers Union (TWU) and U.S. Airways mechanics had a contract with the International Association of Machinists and Aerospace Workers (IAM). American Airlines has unsuccessfully tried to renegotiate a collective bargaining agreement with the two unions since 2015.
Nearly every Texan knows the jovial beaver that appears on big red signs across the state. Buc-ee’s, the beloved gas station chain, is a favorite among Texans for clean bathrooms, numerous food and snack options, and unique finds inside its stores. People in Alabama were excited when Texas-based Buc-ee’s opened up earlier this year on I-10 near Robertsdale, but the store is now facing a federal court pricing lawsuit due to an antitrust law in Alabama.