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Ozy Media Founder Carlos Watson Convicted of Fraud in New York Trial
1 year ago•Source: CNBC
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5.95 min•1 year ago
Court Blocks Grant Program for Black Women Entrepreneurs
A U.S. federal appeals court has suspended the Fearless Fund's grant program for Black women business owners, ruling it discriminatory. The case, brought by the American Alliance for Equal Rights, claims the program violates the 1866 Civil Rights Act. The decision is part of a broader conservative effort against corporate diversity programs. Fearless Fund's CEO called the ruling devastating, while legal counsel is evaluating options to continue the fight. The case is closely watched as a bellwether for the future of diversity initiatives in business.
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"Tesla Faces Backlash Over Musk's $56 Billion Pay Package"
Originally Published 1 year ago — by Reuters
Tesla shareholders are set to vote on June 13 to ratify Elon Musk's $56 billion pay package, previously voided by a Delaware judge, and to potentially move the company's legal home to Texas. The outcome could lead to further legal challenges, with significant implications depending on whether Tesla remains a Delaware corporation or becomes a Texas corporation.
SK Group Chair Ordered to Pay $1 Billion in Record Divorce Settlement
Originally Published 1 year ago — by BBC.com
South Korean tycoon Chey Tae-won has been ordered to pay his ex-wife Roh So-young $1 billion in the country's largest ever divorce settlement. The Seoul High Court ruled that Roh was entitled to a portion of Chey's company shares, overturning a lower court's decision. Chey's lawyers plan to appeal the ruling.
Tech Firm Settles with DOJ Over 'Whites Only' Job Ad
Originally Published 1 year ago — by The Hill
Virginia-based tech company Arthur Grand Technologies Inc. has settled with the DOJ, agreeing to pay $7,500 in fines and $31,000 to 31 complainants after posting a discriminatory job listing requesting "whites only" applicants. The company, which denied approving the posting, will also be monitored for compliance with anti-discrimination laws and required to train employees on the Immigration and Nationality Act.
Virginia Tech Firm Fined for 'Whites Only' Job Ad
Originally Published 1 year ago — by The Washington Post
Arthur Grand Technologies, a Virginia-based tech firm, has been fined over $38,000 by the Justice Department for posting a discriminatory job advertisement seeking only White U.S. citizens. The company claims the ad was unauthorized and posted by a disgruntled employee. The firm will also provide workplace training on federal discrimination laws and revise its employment policies.
Tech Firm Fined for Racist 'Whites Only' Job Posting
Originally Published 1 year ago — by NPR
Virginia-based IT staffing firm Arthur Grand Technologies Inc. has settled with the U.S. Department of Labor and the Justice Department over a discriminatory job posting that specified "whites only" and "only US born" candidates. The company will pay a $7,500 civil penalty and $31,000 to 31 complainants, and will be monitored for compliance with anti-discrimination laws. Arthur Grand denies any wrongdoing, attributing the posting to a rogue employee.
"Va. Tech Company Fined for 'Whites Only' Job Ad"
Originally Published 1 year ago — by WTOP
Arthur Grand Technologies Inc., a tech company in Virginia, has been fined by the Department of Justice for posting a discriminatory job advertisement seeking only "white" candidates. The company must pay a civil penalty, train its personnel on legal requirements, revise its employment policies, and compensate those who filed complaints.
DOJ Sues to Break Up Live Nation-Ticketmaster Monopoly
Originally Published 1 year ago — by ABC News
The Justice Department and 30 state attorneys general have filed a major antitrust lawsuit seeking to break up Live Nation Entertainment, the owner of Ticketmaster, over alleged monopolistic practices in the concert ticket sales industry. The lawsuit claims that Live Nation's dominance has led to higher prices and fewer choices for consumers, artists, and venues. Live Nation denies the allegations, arguing that the lawsuit misattributes the causes of high ticket prices and service fees. The lawsuit follows a two-year investigation and is part of broader antitrust efforts by the Biden administration.
DOJ Sues to Break Up Live Nation and Ticketmaster Monopoly
Originally Published 1 year ago — by NPR
The Department of Justice and 30 state attorneys general have filed a federal antitrust lawsuit against Live Nation Entertainment and its subsidiary Ticketmaster, alleging they have created a monopoly on live event ticket prices in the U.S. The suit claims Live Nation's dominance in the market has led to inflated ticket prices and restricted competition. If successful, the lawsuit could significantly alter the live event industry and ticket pricing. Live Nation disputes the claims, arguing that factors like production costs and artist popularity are responsible for high ticket prices.
DOJ Sues to Break Up Ticketmaster and Live Nation Monopoly
Originally Published 1 year ago — by CNN
The US government and 30 states have filed a groundbreaking antitrust lawsuit against Live Nation, the parent company of Ticketmaster, alleging monopolistic practices that harm concertgoers, artists, and smaller promoters. The lawsuit seeks to break up the company, which controls a significant portion of the live events and ticketing market. The case follows widespread criticism of Ticketmaster's fees and service issues, highlighted by the 2022 Taylor Swift ticketing fiasco. Live Nation denies the allegations, calling them baseless.
DOJ Sues to Break Up Ticketmaster-Live Nation Monopoly
Originally Published 1 year ago — by The Associated Press
The U.S. Justice Department, along with 30 state and district attorneys general, has filed an antitrust lawsuit against Ticketmaster and its parent company Live Nation, accusing them of monopolizing the live events industry, driving up ticket prices, and stifling competition. The lawsuit seeks to dismantle the monopoly, which has faced criticism from artists and fans for high fees and limited competition. Live Nation denies the allegations, arguing that the lawsuit misrepresents the economics of the live entertainment industry.