Two Solutia Inc. employees have objected to the chemical company's disclosure statement on behalf of the members of the Solutia employee retirement plan, saying that it doesn't adequately explain the ramifications of the employees' claim.
Network Appliance Inc. shareholders have voluntarily dismissed their derivative suit against the technology company's top officers after an internal investigation found no evidence of stock option backdating.
General Motors Investment Management Co. and State Street Bank & Trust Co. defended their 401(k) management Monday when they asked a federal court to dismiss a class action lawsuit a Delphi Corp. employee filed against them for allegedly reckless investing.
The multidistrict class action suit against Allegheny Energy Inc. finally shut down on Monday, after Judge James K. Bredar flipped the switch on all pension and securities litigation over the power company's thorny purchase Global Energy Markets in 2001.
The U.S. Senate rejected a bill on Thursday that would have made it easier to unionize workers and allowed for more punitive sanctions against employers.
The U.S. Equal Employment Opportunity Commission has accused Merrill Lynch & Co. of discriminating against a worker and eventually firing him because he is a Muslim Iranian.
Take-Two Interactive Software Inc. wants a federal judge to toss shareholders' securities fraud claims stemming from the software publisher's accounting for stock options grants and its alleged failure to disclose information about pornographic material hidden inside its video game “Grand Theft Auto: San Andreas.”
The National Football League has been put on the spot to defend the way it treats its retired, disabled football players, as a Congressional committee listened to tales of suffering from former players who claim to have sacrificed everything for the game but been given little in return.
New York private bus companies are fighing a lawsuit filed by the city's Transportation Workers Union, in which the labor group is asking a judge to stope their dispute over whether to merge two pension plans from going to arbitration.
A U.S. magistrate judge has given Nortel Networks Corp. more time to defend its position against an employee retirement investment plan lawsuit stemming from an alleged accounting fraud scandal at the company.
Four officers of Family Dollar Stores Inc. have agreed to forgo more than 200,000 stock options as part of a settlement in several shareholder lawsuits brought over the discount retailer's alleged improper stock option backdating.
A former employee of Ernst & Young is seeking more time for discovery in his putative class action against the Big Four accounting firm, which is accused of failing to pay overtime wages under California law.
The Equal Employment Opportunity Commission took to the federal court system Friday to try to compel subpoenaed information from Oshkosh Truck Corp., which is under the agency's investigation for alleged gender discrimination.
Domestic service employees who work for companies that provide at-home companionship work are not eligible for overtime pay under the Fair Labor Standards Act, a circuit court has ruled, echoing a recent Supreme Court order.
A 57-year old ex-vice president at Deutsche Bank Securities Inc. is fighting the bank's attempt to cite filing deadlines to slow his age-discrimination lawsuit.
A district court judge has partly dismissed a labor union's lawsuit against bankrupt Brazilian airline Varig SA, but refused to toss the company's claims that Brazilian reorganization law absolves it of obligations to pay employees severance, as their contract requires.
A new bill introduced by House Democrats to reverse a U.S. Supreme Court decision limiting pay discrimination claims is scheduled to be reviewed by a congressional committee this week.
An appeals court has ruled in a case involving mining and construction company Kiewit Pacific Corp. that California union employees who are mandated by their employers to travel from gathering sites to their job locations must be compensated for their travel time unless their contracts say otherwise.
Sales consultants with Qwest Communications International Inc. are suing the telecommunications company for unpaid overtime, claiming they were forced to work off the clock to complete specified sales and call quotas.
The last four ex-employees of a Texas meat processing plant have been sentenced to jail for using false identification to get their job and stay in the United States, in a case that has netted 53 undocumented workers at the company.