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A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals).
The list is organized by office. The criminal statute(s) under which the conviction(s) were obtained are noted, as are the names of notable investigations, scandals, or litigation, if applicable. The year of conviction is included (if the official was convicted multiple times due to retrials, only the year of the first conviction is included).
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McDonald's under fire for hot coffee You've probably rolled your eyes at the infamous case of a woman suing McDonald's for almost $3 million in 1992 because the hot coffee she spilled was too hot ...
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Not all accounting scandals are caused by those at the top. In fact, in 2015, 33% of all business bankruptcies were caused by employee theft. [16] Often middle managers and employees are pressured to or willingly alter financial statements due to their debts or the possibility of personal benefit over that of the company, respectively.
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Legal claims against the pharmaceutical industry have varied widely over the past two decades, including Medicare and Medicaid fraud, off-label promotion, and inadequate manufacturing practices. [ 3 ] [ 4 ] With respect to off-label promotion, specifically, a federal court recognized off-label promotion as a violation of the False Claims Act ...