15 May DID MUSICNET VIOLATE THE ANTITRUST LAWS? WHY?
Together, EMI, SOny BMG Music Entertainment, Universal Music Group
Recording, Inc., and Warner Music Group Corp. producted, licensed, and
distributed 80 percent of the digital music sold in the U.S. The companies formed
MusicNet to sell music to online services to sell the songs at the same price and
subject to the same restrictions. Digitization of music became cheaper, but
MusicNet did not change its prices. Did MusicNet violate the antitrust laws?
Why?
2. William and Maxine Miller were shareholders of Claimsco International, Inc. They
filed a suit against the other shareholders, Michael Harris and Kenneth Hoxie,
and the accountant who worked for all of them John Verchota. The Millers
alleged that Verchota had breached a duty that he owed them. They claimed that
at Harris’s instruction, Verchota had adjusted Claimsco’s books to maximize the
Miller’s financial liabilities, falsely reflect income to them without actually
transferring that income, and unfairly disadvantage them compared to the other
sharholders. Which duty are the Millers referring to? If the allegation can be
proved, did Verchota breach this duty? Explain.
Questions 3 and 4 require at least 250 word count each with citations.
3. There has been widespread debate over governmental regulation of financial
entities. This week, we will discuss the various laws, and the ethical
considerations of those regulations
Please argue that those regulations are ethical and necessary to promote a free
market and cite your response.
4. Discussing the
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Together, EMI, SOny BMG Music Entertainment, Universal Music Group
Recording, Inc., and Warner Music Group Corp. producted, licensed, and
distributed 80 percent of the digital music sold in the U.S. The companies formed
MusicNet to sell music to online services to sell the songs at the same price and
subject to the same restrictions. Digitization of music became cheaper, but
MusicNet did not change its prices. Did MusicNet violate the antitrust laws?
Why?
2. William and Maxine Miller were shareholders of Claimsco International, Inc. They
filed a suit against the other shareholders, Michael Harris and Kenneth Hoxie,
and the accountant who worked for all of them John Verchota. The Millers
alleged that Verchota had breached a duty that he owed them. They claimed that
at Harris’s instruction, Verchota had adjusted Claimsco’s books to maximize the
Miller’s financial liabilities, falsely reflect income to them without actually
transferring that income, and unfairly disadvantage them compared to the other
sharholders. Which duty are the Millers referring to? If the allegation can be
proved, did Verchota breach this duty? Explain.
Questions 3 and 4 require at least 250 word count each with citations.
3. There has been widespread debate over governmental regulation of financial
entities. This week, we will discuss the various laws, and the ethical
considerations of those regulations
Please argue that those regulations are ethical and necessary to promote a free
market and cite your response.
4. Discussing the
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