Engineering company ABB and its benefits manager overcharged workers to join its retirement plan, according to a proposed class action lawsuit.
Thousands of retired pilots of bankrupt airline Delta have been awarded $820 million, in a settlement being hailed as the new standard of fairness for retirees.
Comair Inc. pilots and the bankrupt airline reached an interim agreement on Thursday, giving the parties until February 2 to reach an agreement on the pilots’ contracts.
A special committee that included former Vice President Al Gore has cleared Apple Computer Inc. CEO Steve Jobs of any wrongdoing related to the computer giant’s handling of stock option grants, but said he did play a role in recommending grants.
Insurance giant American International Group Inc. has filed suit against a former vice president in its accounting policy office, claiming she breached her contract by disseminating confidential information after her termination and has refused to return computers and a BlackBerry belonging to the company.
A unit of Applera Corp. has filed a lawsuit against DNA-sequencing machine rival Solexa Inc., alleging that its former chief patent counsel wrongfully took patents that belonged to it and assigned them to Solexa.
In another setback for the beleaguered plaintiffs firm Milberg Weiss & Bershad LLP, a judge ruled that the company should not act as lead counsel in a class-action against Ford Motor Company's retirement plan.
Employment litigation in federal courts continued to decline in 2006, depressed by a continued slump in federal discrimination lawsuits, court dockets show.
Just a few months after passing a new set of rules governing compensation disclosure, the U.S. Securities and Exchange Commission has tightened the requirements for reporting executive stock options.
The number of wage and hour class actions and worker retaliation claims will continue to swell in 2007, as employers struggle to cope with recently adopted electronic discovery rules and protect their intellectual property through nondisclosure and noncompete agreements, experts say.
What began as an investigation into compensation practices at Silicon Valley chip makers has escalated into the biggest story of 2006, and the ripple effect of the options backdating scandal shows no signs of tapering off in 2007.
2007 promises to be an eventful year for 401(k) plans. With new types of class action lawsuits against plan sponsors and managers appearing, experts expect Congress and regulatory bodies to examine how 401(k) plans and other retirement products are managed and who stands to profit most.
In bankruptcy courts, district courts and appellate courts, cases are pending that have the potential to have a dramatic impact on labor and employment law.
Bankrupt Mesaba Aviation Inc. and three of its labor unions each issued objections Tuesday to a recent request made by Mesaba’s unsecured creditors for the bankruptcy court to take a second look at a court order approving deals between the airline and the unions.
The U.S. Securities and Exchange Commission has settled an investigation into bankrupt snack cake maker Interstate Bakeries Corp. over the way it sets its workers compensation reserves.
A putative class action lawsuit has been filed against six Detroit-area hospital systems, accusing them of conspiring to keep down wages of registered nurses, who claim to have been underpaid by hundreds of millions of dollars as a result.
Employers will be confronted with new challenges in 2007, as the 110th Congress is expected to consider legislation that could expand workers’ rights, raise the federal minimum wage and empower labor unions.
Federal grand juries in Utah and Iowa indicted almost 40 illegal aliens this week in the latest fallout from the six raids federal authorities carried out earlier this month at facilities owned by one of the nation’s largest meat processing companies.
After a seven-month investigation into allegations of options backdating, telecommunications equipment provider Juniper Inc. has revised its earnings statements to the tune of $900 million.
A federal bankruptcy judge has approved Delta Air Lines Inc.’s recent agreement with the Pension Benefit Guaranty Corp. to ditch its pilots’ pension plans, an integral part of the beleaguered airline’s recently filed plan to emerge from Chapter 11 protection.