Fannie and Freddie buy mortgage loans from banks‚ package them into securities and sell them to investors. The idea is to free up banks to make more loans. If a loan defaults‚ Fannie and Freddie guarantee payments to the investors. According to the lawsuit‚ Fannie and Freddie don’t review the loans before they purchase them. Instead‚ they rely on banks’ statements that the loans meet certain qualifications. As a result‚ “the hustle” began. Employees were getting bonuses for the houses they sold instead
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private problems to court more readily than the people of any other country. I do not agree with the article‚ Corp Reform-Not Tort Reform. Indeed Tort Reform is essential. The impact of tort claims is gargantuan‚ in retrospect to other types of lawsuits.
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they may be more willing to settle” (Schorsch‚ 2012‚ p. 1). Phases: There are a few steps one must take to file a civil lawsuit. Complaint:
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supermarkets‚ convenience store‚ local delicatessens‚ gas stations and other outlets selling reheatable food. In May 2001‚ a class action lawsuit was filed against the world’s largest fast-food chain McDonald’s‚ in Seattle‚ US. The lawsuit alleged that the company had‚ for over a decade‚ duped vegetarian customers into eating French fries that contained beef extracts. The lawsuit followed a spate of media reports detailing how the French fries served at McDonald’s were falsely promoted as being ’100%
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The same-sax marriage was a disputed topic that everyone would like to speak‚ but no any political will or popular sentiment for it until recently. In the case United States v. Windsor‚ the United States Supreme Court declared that same-sex couples are recognized by federal law and can receive federal benefits which the estate would have qualified for a marital exemption‚ and no taxes would have been imposed. Edith Windsor‚ who married to Thea Clara Spyer in Canada in 2007‚ after she lost her spouse
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1. Describe the company and the product safety issue that led to the lawsuit The name of this case in this report is the Liebeck v. McDonald’s. Restaurants and the court in which the lawsuit was filed was The Second Judicial District Court in Bernalillo County‚ New Mexico. The lawsuit was filed with the original complaint was filed on March 21‚ 1993‚ and the plaintiff only sued P.T.S.‚ Inc.‚ a New Mexico corporation and the local franchise operator. “McDonald’s coffee spill" tort case became a
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1998‚ alleging sex discrimination. A formal charge was filed three months later. Ledbetter then took early retirement in November. She claimed she was given poor evaluations and denied raises other workers had been given‚ all because of her sex. Her lawsuit alleges her starting salary was in line with men performing similar work‚ but dropped in comparison over the years to the 15 other area managers‚ all of who were men. Her pay was 15 to 40 percent less than her fellow managers. Both the EEOC and
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the people that ruined their lives‚ so they filed a lawsuit. Jan Schlichtmann‚ a personal injury lawyer‚ was asked to be the lead attorney on the case. He first went in looking for a settlement. He commented on how the point of civil court is to settle. “They settle. Out of the 780‚000‚ only 12‚000 or 1 1/2 percent ever reach a verdict. The whole idea of lawsuits is to settle‚ to compel the other side to settle.”[1] When corporations have a lawsuit filed against them‚ they don’t make that big of a
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Florida A&M University School of Business and Industry The Ethical and Legal Issues of Product Liability Courtney Jordan April 18‚ 2015 BUL 5323: Legal Issues and Environment Introduction Product liability refers to a manufacturer or seller being held liable for placing a defective product into the hands of a consumer. Responsibility for a product defect that causes injury lies with all sellers of the product who are in the distribution chain. This includes the manufacturer of component parts
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in technological development. Another consequence of these allegations is the endless streams of lawsuits that would ultimately compromise the gains made by the most popular brands. Samsung says it will ensure the decision expected from the California courts is not the last one from the initial suit. This is a vivid indication that the companies may compromise their operations so as to win the lawsuits. Further‚ the multiple legal assaults
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