Flight attendants in Northwest Airlines' bankruptcy case voted on and accepted a pay cut deal on Tuesday, finally giving their support to a new collective bargaining agreement that will save the airline $1.4 billion a year.
Technology company Brocade Communications Systems Inc. has dropped Wilson Sonsini Goodrich & Rosati as its defense counsel in a derivative lawsuit over options backdating, following the advice of a judge who raised concerns the firm was tainted by a conflict of interest.
The plaintiffs in an ERISA suit filed against Tyco International have taken issue with a motion by Tyco law firm Cravath Swain & Moore LLP to withdraw from the suit, claiming that the firm's withdrawal would have an adverse effect.
Dura Automotive Systems Inc. has responded to objections to its revised key management incentive plan lodged by the U.S. Trustee in the case and a labor union, accusing the objectors of overlooking the hard fought negotiations that lead to the revised plan.
All American Semiconductor Inc. on Friday asked the court overseeing its Chapter 11 proceedings to allow it to reject certain agreements it had entered into with former employees.
A bankruptcy judge has given the green light to New Century Mortgage Corp.'s key employee incentive plan in a move that will see the bankrupt subprime lender shelling out bonuses to its top officials, despite critics who called the plan excessive.
A dozen U.S. states are considering legislation that aims to crackdown on workplace bullying, but some employment attorneys worry that making office bullying illegal would lead to a wave of frivolous lawsuits.
A New Hampshire man who sued Donald Trump for allegedly discriminating against older contestants who wanted to appear on his reality TV show has dropped his case after settling with the real estate mogul.
A divided Supreme Court ruled Tuesday that Title VII pay discrimination claims are subject to a six-month statute of limitations, potentially saving employers years worth of back pay in discrimination lawsuits.
While most employees are often shocked to find out that dishing about their co-workers and bosses could be enough to get them fired, the recent termination of four town council employees in Hooksett, N.H. for gossiping serves as a cautionary tale of just how few protections employees have when they can’t keep their lips sufficiently zipped.
An appellate court has given the green light to a longstanding whistleblower suit that charges Schering-Plough Corp. with illegally firing a slew of employees in retaliation for their complaints about shady marketing practices.
The first lawsuit over finite reinsurance fraud to go to trial has ended in a victory for the U.S. Securities and Exchange Commission.
The U.S. Securities and Exchange Commission has filed a motion opposing a former Brocade Communications Systems Inc. executive's attempt to quash the subpoenas of Merrill Lynch and Deutsche Bank in his case.
Marcal Paper Mills Inc. is seeking a bankruptcy court’s permission to employ two top executives, including a new president, a bid that has drawn objections from unsecured creditors alleging inadequate disclosure.
A group of witnesses has recommended to a U.S. House of Representatives subcommittee that the workplace safety rules and inspections under the Occupational Safety and Health Act should be extended to all public workers, not just federal government employees.
Two former United Auto Workers officials were sentenced Thursday to probation and home confinement for their alleged extortion of General Motors Corp.
A news release in early May touting Morrison & Foerster LLP’s victory in defending Novellus Systems Inc. from a stock options backdating lawsuit proved weeks too early after a modified complaint with harsher allegations reappeared on Thursday.
A federal judge chastised a Dorsey & Whitney LLP attorney on Wednesday for allegedly violating a protective order that prohibits the use of “attorneys’ eyes only” depositions in other courts.
The U.S. Securities and Exchange Commission is reportedly investigating unusual trading activity involving Dow Chemical Co. related to accusations that two former top executives negotiated an unauthorized takeover of the company.
A federal judge in Manhattan has tossed out an ERISA lawsuit against Aetna Life and Casualty Co. brought by a woman who asked the court for declaratory judgment saying that she was disabled and entitled to long term benefits under a policy issued to her former employer.