The committee overseeing BP Corp. North America Inc.'s employee pension and savings plans has filed a lawsuit against Northern Trust Co., alleging the financial services firm engaged in risky securities lending that led to substantial losses.
American International Group Inc. has agreed to freeze millions of dollars in payments to its former top executive and not make any payments of deferred compensation or bonuses to members of its financial products unit, New York's attorney general said Wednesday.
A lawsuit stemming from the 1999 collapse of the Major League Umpires Association was thrown out Friday by the Pennsylvania Superior Court.
The Federal Housing Finance Agency on Monday moved to intervene in any litigation involving Fannie Mae — the government-sponsored enterprise over which the FHFA claimed conservatorship earlier this year.
FedEx Corp. will shell out roughly $14.4 million in reimbursed job-related expenses and interest to current and former drivers of FedEx Ground.
A cadre of current and former employees of Olympus America Inc. has fired off a class action claiming the camera titan systematically denied its field service engineers overtime pay, in violation of the Fair Labor Standards Act.
K&L Gates LLP has reeled in three new partners for its commercial litigation practice who have experience in a wide array of areas, including employment, intellectual property, corporate governance and antitrust.
Defense and aerospace staffing company Butler International Inc. is suing U.S. Logistics Corp. for approximately $50 million, alleging the tactical vehicle specialist stole its employees and induced them to violate the terms of their employment contract.
A wage-and-hour case against Capital One Home Loan LLC is headed to mediation after the plaintiffs — a group comprising several hundred loan consultants, processors and closers — won class certification on federal and state law claims.
The federal agency charged with investigating embezzlement and other criminal actions by union officials reported an 11 percent drop in convictions against union members in fiscal year 2008 compared with fiscal year 2007.
Heller Ehrman LLP's plan for an “orderly dissolution” hit its first major legal snag Monday as three terminated employees filed a putative class action alleging the firm withheld pay and benefits required under the Worker Adjustment and Retraining Notification Act when it fired hundreds of workers in October.
Public school teachers in New York City have lost a preliminary bid to wear political buttons in school, but they will be able to post campaign literature on union bulletin boards and in staff mailboxes, according to a federal court ruling.
Technicians suing Whirlpool Corp. and subsidiary Maytag Corp. on Friday asked for preliminary approval of a $9 million settlement that would end a putative class action accusing the appliance maker of refusing to pay for “off the clock” work.
An appeals court has refused a request by Merck & Co. to reconsider its ruling removing barriers to a securities and Employee Retirement Income Security Act class action against the drugmaker related to disclosures Merck made about its blockbuster pain medication Vioxx.
Federal programs subject to anti-discrimination laws can still give grants to religious groups that make faith-based hiring decisions, a recently disclosed 2007 U.S. Department of Justice memorandum says.
Northwest Airlines Inc. and many of its long-serving pilots will wrestle over the legality of the airline's retirement benefits plan in federal court, now that a judge has certified several classes of pilots challenging the plan on age discrimination grounds because it calls for greater payments to younger, more junior pilots.
The California Supreme Court has agreed to hear a case involving Sacramento County’s efforts to stop unionized county sanitation employees from striking in 2006.
Employers are increasingly turning to Web sites like MySpace and Facebook as cheap and convenient alternatives to applicant background checks, but the online social networks are rife with legal pitfalls for a company that is looking to hire, labor and employment attorneys warn.
The Indiana Supreme Court has found in favor of insurance companies in a dispute over whether U.S. Filter Corp. and Waste Management Holdings Inc. are entitled to indemnification for product liability litigation arising from workers who alleged silica exposure.
Beleaguered insurance giant American International Group Inc. has agreed to cooperate with New York State Attorney General Andrew M. Cuomo's probe of the company's exorbitant expenditures, including “golden parachute” compensation packages and lavish outings, that occurred even as it teetered toward bankruptcy.