• August 23, 2006

    Appeals Court Rules Taxes On Anguish Unconstitutional

    A federal appeals court ruled Tuesday that taxing compensation received for emotional distress is unconstitutional, reversing a district court’s decision and redrawing the guidelines for taxing personal injury awards.

  • August 24, 2006

    Dow Ex-Worker Nabbed For Alleged Trade Secret Theft

    After months of escaping the law, a former employee of agrochemical giant Dow Chemical Co. has been arrested in Seattle on charges that he stole company trade secrets in order to market them to Chinese businesses.

  • August 22, 2006

    Immigration Bill Would Cost Billions, CBO Says

    Implementing the Senate’s immigration bill would cost the United States government about $126 billion over the next 10 years, according to a report issued Friday by the Congressional Budget Office.

  • August 22, 2006

    Minnesota Schools Shell Out $1M In Age Bias Suit

    A Minnesota school district has agreed to fork over $1.1 million to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission that alleges the district’s early retirement program discriminated against older employees.

  • August 22, 2006

    Boeing Faces Class Action Over Retiree Benefits

    A class action lawsuit filed against the Boeing Company on Monday alleges that one of the company’s divisions, Boeing Rotocraft, violated a collective bargaining agreement relating to lifetime retiree health care benefits.

  • August 23, 2006

    Convention Center, Employees Settle Discrimination Suit

    A district court has signed off on a settlement between the New York Convention Center Operating Corp. (NYCCOC) and a class of current and former African-American and Hispanic employees who brought an action claiming the rampant racial discrimination at the convention center created a “hostile” work environment.

  • August 22, 2006

    Employees Bid For Second Look In IBM Pension Case

    Less than a month after a federal appeals court ruled that International Business Machine Corp.'s cash-balance pension plan does not discriminate against older workers, the plaintiffs in the closely watched case are asking the court to reconsider its earlier decision.

  • August 21, 2006

    Insurance Company Scores Win In ERISA Suit

    Two insurance salesmen have lost a class action appeal against their employer, AXA Network LLC, that alleged the life insurance brokerage deliberately cheated them out of benefits by altering how insurance salesmen are classified as full-time employees.

  • August 18, 2006

    Delta’s Bid To Toss Pensions Comes Under Fire

    Weeks after Delta Air Lines asked a federal bankruptcy court for approval to terminate its pilots’ pension plans, a group of retired pilots is lashing out against the bid, saying the embattled carrier is trying to avoid its obligation to shell out settlement proceeds.

  • August 17, 2006

    California High Court Narrows Unfair Competition Standing

    A recent ruling by the California Supreme Court may clarify the scope of legislation passed to curb potential abuses of California’s Unfair Competition Law.

  • August 17, 2006

    Options Backdating Scandal Comes To Cablevision

    Cablevision Systems Corp. is facing both federal investigations and at least one lawsuit related to stock options backdating, the company said Wednesday in a filing with the U.S. Securities and Exchange Commission.

  • August 17, 2006

    President Bush Signs Pension Reform Bill

    U.S. President George W. Bush signed into law a pension reform bill on Thursday that is designed to close loopholes in the pension system, and particularly offers relief for employees at bankrupt Northwest Airlines Corp. and Delta Air Lines Inc.

  • August 15, 2006

    Ex-Comverse Chief Considered A Fugitive

    Facing criminal charges stemming from an investigation into options backdating, former Comverse Technology CEO Jacob “Kobi” Alexander has fled the country, and is now considered a fugitive by the U.S. government.

  • August 15, 2006

    Penthouse Founder’s Suit Remanded To State Court

    A case brought by the founder of Penthouse magazine against his former company alleging that it stripped him of millions and conspired to defraud him after it went bankrupt has been remanded to state court.

  • August 15, 2006

    Suit Challenges Witness Systems’ Options Timing

    A lawsuit seeking class action status has dragged Witness Systems Inc. deeper into the mud over its alleged options backdating practices, claiming the company deceived investors over the timing of its stock options grants and submitted misleading information to the U.S. Securities and Exchange Commission.

  • August 15, 2006

    Tech Cos. Battle Over Trade Secrets To The Bitter End

    A long-running, bitter battle over allegedly stolen trade secrets between two technology companies has ended, with only one of the companies remaining in business.

  • August 14, 2006

    Federal Circuit Remands Army Discrimination Case

    The U.S. Court of Appeals for the Federal Circuit has overturned and vacated a U.S. Merit Systems Protection Board decision over awarding back pay to a former welder for the U.S. Department of the Army.

  • August 14, 2006

    Dana’s Incentive Plan Draws Fire From Creditors

    Creditors of Dana Corp. said Monday that the auto parts supplier’s executive bonus plan could create a “windfall” for six top executives if they are able to direct the company to slash workers’ retirement benefits.

  • August 14, 2006

    $75M Life Insurance Deal Zapped After Bankruptcy

    Conseco Inc., a once-highflying financial services company, prevailed Friday in its fight to avoid paying millions of dollars to cash out an unusual life insurance agreement for the former executive accused of driving the firm into the ground.

  • August 11, 2006

    Ex-Coke Secretary Wants Separate Trial

    A former secretary for Coca-Cola Co. who was charged with stealing trade secrets and trying to sell them to rival PepsiCo Inc. along with two other defendants has requested she be tried separately.