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Showing posts from October, 2019

TAKATA TO PAY $1 BILLION IN PENALTIES

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In recent weeks, Takata has started to deal with the legal ramifications of their airbag recall, the largest automotive recall in U.S. history. Three former executives (Shinichi Tanaka, Hideo Nakajima, and Tsuneo Chikaraishi) at Takata have now been indicted due to the recall, the company has plead guilty to criminal charges, and they will be paying $1 billion dollars in fines and restitution. So where does this $1 billion dollar fine go? Here is the breakdown: $850 million will go to the automakers who have had to recall cars to replace the airbags. $125 million will be used to compensate the victims who were injured due to the airbags. $25 million will be paid to the federal government as a criminal fine. Back in 2015, Takata was known as the second-largest supplier of airbags in the world. Now the company is on the verge of bankruptcy, discussing a sale or merger sometime this year. When this occurs the company will be required to pay the $850 million to automakers ...

October is National Bullying Prevention Month

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October 3, 2016 | Blue Shirt World Day of Bullying Prevention Week of October 10th | Make a New Friend at School Week of October 17th | Stand Up for Others Week of October 24th | Share the Message and STOMP Out Bullying for good! Find out more ways to celebrate online at www.StompOutBullying.org. Each year in October, organizations and individuals speak out against bullying and the cultures and systems that allow it to thrive. As we build awareness and join together, this ongoing problem can be minimized tremendously year over year until it’s finally stopped altogether. With juveniles, bullies are 30% more likely to carry a weapon to school or get injured in a fight compared with non-bullying classmates (pediatric and adolescent medicine – a report by fight crime, invest in kids). The youth who start as bullies are far more likely to fight, steal, vandalize, drink alcohol, smoke, and have poor grades throughout their school years. In fact, one study showed that ...

The Stop Underrides Act

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Last month , Consumer Reports, Commercial Vehicle Safety Alliance, the Truck Safety Coalition, Advocates for Highway and Auto Safety, and the National Safety Council Road to Zero Coalition announced their support for the Stop Underrides Act. The Stop Underrides Act is a bill that would “direct the U.S. Department of Transportation to issue rules requiring strong metal bars on the rear, sides, and front of trailers, semi-trailers, and single-unit trucks.” In the event of a collision, underride guards have been proven to help stop a vehicle from continuing underneath a truck. The metal bar guards will improve the likelihood that a car’s air bags and other protection systems can function to keep the occupant safer while also lessening the chances for windshield-first crashes. David Friedman, VP of Advocacy for Consumer Reports, said the following, “Stronger underride guards on trucks will make these crashes far less severe. The technology is there—what’s been missing is the will t...

Facebook vs. Twitter – Which is Right for my Firm

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In the era of social media, law firms across the globe are learning how to use different social media platforms to market their law firms. But how do you decide which one is right for you? Is it Facebook or is it Twitter? The answer is simple: both. The better question you should be asking is, “HOW do you use Facebook and Twitter differently to market a law firm?” To find out the answer we must first understand who uses each platform. Facebook has 214 million active users in the United States, with a shocking 84% of those users between the ages of 30 and 49. Twitter has 69 million active users in the United States, with 36% of those users between the ages of 18 and 29. In 2017 a whopping 74% of Twitter users said they use the network to receive their news. But Facebook, in contrast, has a higher number of users who depend on it to stay in touch with people in their life. Understanding this data will help you decide how to use Facebook and Twitter differently. Twitter should ...

Being “Social” Can Affect Your Personal Injury Settlement

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Billions of people use social media daily, with some people posting every detail of their life on display for their friends and family. What many don’t realize is, regardless of privacy settings, social content can still be found.It’s important to ensure your personal injury clients are aware that their social media posts can heavily affect their claim… at any time. Opposing counsel and insurance companies will scour social media channels to see if there is anything that can be used to discredit a case during litigation. But after litigation ends, we must remember to advise our client and their family of how their social interactions can hurt their case even after it is over. In almost all of our personal injury cases, there is a detailed confidentiality clause. This not only applies to us, it also applies to our clients. And when it comes to discussing money received from a lawsuit, sometimes it is difficult for our clients not to share online. A recent story in the news ec...

Survey Says

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For the past four months our office has started hosting Lunch & Learns for our team on Fridays. They were created so our team could learn about the ins and outs of every department at Cowen | Rodriguez | Peacock. Whether it is one of our attorneys presenting, or our intake team talking about what they do, we all get together to have lunch and learn more about how every role in our office helps our team be successful. We recently conducted a firm-wide survey to see how everyone felt about the lunches (along with other questions about how our employees feel about our office environment), and the result was outstanding. Every single survey from our team had praise about these events. Staff found them beneficial not only in learning more about the process of cases in our firm and how everyone in our office works together, but also getting to know each of their co-workers a bit more. The team at Cowen | Rodriguez | Peacock truly believes every job in our firm is important and ...