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Siemens Greek bribery scandal, involving cases of bribery on behalf of Siemens towards the Greek Government; Société Générale, derivatives trading scandal causing multibillion-euro losses; Southwest Airlines, violations of safety regulations; SunTrust Banks, "claims of shoddy mortgage lending, servicing and foreclosure practices." [37]
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An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
The company has been criticized for its alleged use of patents as a competitive hindrance; its "1-Click patent" [2] may be the best-known example. Amazon's use of the 1-click patent against competitor Barnes & Noble's website led the Free Software Foundation to announce a boycott of Amazon in December 1999, [3] which ended in September 2002. [4]
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Two notable cases were Ward v Tesco Stores Ltd, which set a precedent in so-called 'trip and slip' injury claims against retailers, and Tesco Supermarkets Ltd v Nattrass, which reached the House of Lords and became a leading case regarding the corporate liability of businesses for failures of their store managers (in a case of misleading ...
Unfair business practices (also Unfair Commercial Practices) describes a set of practices by businesses which are considered unfair, and which may be unlawful. It includes practices which are covered by other areas of law, such as fraud , misrepresentation , and oppressive or unconscionable contract terms.
Reputational damage can result from an adverse or potentially criminal event, regardless of whether the company is directly responsible for said event (as was the case of the Chicago Tylenol murders in 1982). [3] Extreme cases may lead to large financial losses [4] or bankruptcy, as per the case of Arthur Andersen. [5]