Business Ethics Case Study Example | Topics and Well Written Essays - 1250 words

Business Ethics - Case Study ExampleAs with virtu eachy ethical decisions, there is likely no one solid answer, but I have through my best below to provide some possible courses of pull through that the judge in this aspect could consider. distrust 1 In this situation, Mr. Groetsch has done nothing wrong. As such, he is under no obligation to throw overboard other people to handle his personal fight against Securities America. He is convinced that he has been financially change as a result of this showcase, and he is perfectly able to work through arbitration on his own, with a judge, to come a fair resolution. Let us remember that arbitration was set up as a way to settle disputes between two parties who simply cannot come to an agreement on any minded(p) problem. The judge in this situation should only concern himself with the specific arbitration case that Mr. Groetsch has dutifully bought before him, regardless of any potential impact on cases that might be pending before other courts at a future date. This is a decision that go away likely study on the judge, knowing that many more clients may lose out on a fancy in the future that is rightfully due them. In the end, however, the judge is ethically responsible for the arbitration hear in this case and should let it proceed without delay. Question 2 This case is particularly troublesome because of the pure number of clients that were adversely impacted as a result of the fraudulent acts partaken by Securities America. Due to this grotesque situation, no one person should receive the benefit of arbitration at this time until the outcomes of the class action suits ar settled. The actions of one fraudulent company has negatively impacted the lives of many people, so the judge should ethically do everything in his power to make sure all alleged victims have an equally fortune at a fair judgment. The judge should go ahead and table the arbitration earreach and let the cases in Montana and Massa chusetts to proceed. This bequeath allow the money that is currently available to be give out to victims to remain in a frozen, yet liquid account to be distributed once the case is completed. Once settled, the judge should then allow the arbitration to proceed until finished. The reasoning behind this lies in open numbers. Should one person benefit greatly from arbitration, draining a limited pool of funds that will be available, while the masses are left to scrounge what is left over? In this case, that would not be a beneficial course for anyone involved, except Mr. Groetsch. It needs to be pointed out that he had the survival to join the class action suit, yet for whatever reason, decided not to. As such, he has given up his claim to that hearing. His actions, however, do nothing to mitigate the fact that class action suits are filed to take aim the playing the field. That is what the judge should do in this case level the playing field so all victims will eventually be co mpensated in a fair and equitable manner. Question 3 The judge in this case can also act as an advisor. In the legal system, settle are put in place to protect those that appear before them. In this particular situation, it appears that the interests of Mr. Groetsch will be best served if he were to drop his arbitration claim and fold his interests into the class action suits that are pending. This becomes particularly helpful advice if the judge has already determined that he is going to table the arbitration hearing until the current cases in Montana and Massachusetts are resolved. If this were to happen, there would simply be little to no money left to pay Mr. Groetsch in any event. While the estimated 10 cents to the dollar is not a happy outcome for this client, it will certainly be better than