Employment

  • November 21, 2006

    Cheesecake Execs Agree To "Clawbacks"

    Joining the so-called “clawback” trend, current and former executives at restaurant chain operator Cheesecake Factory Inc. have decided to return $1 million in pay generated from improperly dated stock options.

  • November 21, 2006

    Fired Trader Seeks C$100M From Bank of Nova Scotia

    The former head of trading at Canada’s Scotia Capital, a subsidiary of the Bank of Nova Scotia, has sued his ex-employer for C$100 million in lost wages and damages.

  • November 21, 2006

    New Cyberonics Chairman Probed For Backdating

    Scandal-ridden former congressman Tony Coelho entered the spotlight again on Tuesday when a Securities and Exchange Commission investigation revealed he received a large discount on medical device maker Cyberonics Inc.’s stock option plan three years before he joined the company’s board.

  • November 21, 2006

    Law Firm Profile: Orrick, Herrington & Sutcliffe LLP

    Orrick, Herrington & Sutcliffe LLP’s employment law group isn’t large in size compared to the firm as a whole, but what it lacks in numbers, it easily makes up for in success and ambition.

  • November 21, 2006

    Paul Hastings Opens Office, Snags Jones Day Partners

    Paul, Hastings, Janofsky & Walker LLP will open the doors to its new Chicago office next week, with the former co-chair of Jones Day’s business restructuring and reorganization practice and one of Jones Day’s employment partners on board.

  • November 20, 2006

    Brokers May Testify In State Agency Bribery Trial

    Two brokers accused of bribing an Ohio Bureau of Workers' Compensation official may be called to testify at their criminal trial in the coming days.

  • November 20, 2006

    Eighth Circuit Upholds $3.4M Sex Discrimination Suit

    The Eighth Circuit Court of Appeals has affirmed on all but one issue a lower court’s $3.4 million jury verdict that found that Dial Corp., an international canned meat producer, had routinely and intentionally discriminated against women.

  • November 20, 2006

    Delphi, Unions Get More Time To Find Common Ground

    Bankrupt auto parts maker Delphi Corp. and the labor unions that represent its workers will get more time to reach an agreement that would save Delphi from having to void its collective bargaining agreements.

  • November 20, 2006

    Kmart Wins Whistleblower Suit

    A federal judge in Michigan has granted summary judgment to Kmart Holding Corp. in a case brought by a former employee alleging his termination violated the whistleblower provision of the Sarbanes-Oxley Act.

  • November 21, 2006

    Celanese Triggers Trade Secrets Suit With Saudi Rival

    Alleging widespread theft of trade secrets through an aggressive employee-recruitment campaign, U.S. chemical firm Celanese Corp. has filed a federal lawsuit against a top Middle Eastern rival, Saudi International Petrochemical Co.

  • November 20, 2006

    Law Firm Profile: Epstein, Becker & Green

    Over half of the entire general practice law firm of Epstein, Becker & Green P.C. is devoted to labor and employment law, an identity that few, if any, other large firms can claim.

  • November 20, 2006

    Western Digital Discloses Options Backdating Suits

    Western Digital Corp. disclosed in a filing Monday with the U.S. Securities and Exchange Commission that it faces a number of shareholder lawsuits brought in the wake of its disclosure of stock option backdating.

  • November 17, 2006

    CBS, Writers Guild Engage In War Of Words

    CBS Corp. has said it will pay back wages to a group of television news writers who previously demonstrated against stalled contract talks and recent layoffs.

  • November 17, 2006

    SEC, FCC Investigate HP Over Spying Scandal

    Embattled Hewlett-Packard Co. has come under scrutiny by the U.S. Securities and Exchange Commission and the Federal Communications Commission for its board spying scandal.

  • November 17, 2006

    30 Firefighters Sue Ohio City Over Flawed Exams

    More than two dozen firefighters have sued the city of Akron, Ohio, claiming that exams to evaluate candidates for promotion to the rank of captain or lieutenant disparately affect certain applicants based on their race and age.

  • November 17, 2006

    CA Sues Ex-CEO To Recover Attorneys' Fees

    CA Inc. has brought suit against former chief executive Sanjay Kumar in an attempt to recover the $14.9 million the software maker paid out for the embattled executive’s legal defense.

  • November 17, 2006

    Pharmaceutical Giants Face Wage And Hour Claims

    A pair of law firms has launched an attack on the pharmaceutical industry, claiming that sales representatives are not exempt from laws requiring overtime pay and are therefore not being compensated fairly.

  • November 16, 2006

    Nvidia Falls Prey To Shareholder Action Over Options

    Already under scrutiny from federal regulators, Nvidia Corp. has been hit with a shareholder derivative complaint stemming from the ongoing probe into the video card maker’s stock options-granting practices.

  • November 16, 2006

    U.S. Chamber Of Commerce Opposes Federal Wage Hike

    The U.S. Chamber of Commerce announced Wednesday that it will oppose an increase in the federal minimum wage, an issue expected to be addressed by the Democratic Congress once it convenes in January.

  • November 16, 2006

    Skilling and Government Reach Pact On Pension Suit

    Former Enron Corp. executive Jeffrey K. Skilling has agreed to pay $85 million to settle allegations that he mismanaged the company’s pension and benefit plans.