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Business Legal

All articles tagged with #business legal

business-legal1 year ago•3 min saved

Labor Dept Sues Hyundai Over Illegal Child Labor in Alabama

The U.S. Department of Labor has sued Hyundai to prevent the use of illegal child labor in its Alabama supply chain, specifically targeting the automaker and its supplier, SMART Alabama, for employing a 13-year-old in hazardous conditions. The lawsuit marks a significant move by the Biden administration to hold major companies accountable for child labor violations, amid a surge in such cases across the U.S. due to labor shortages and increased immigration.

via The Washington Post|

#alabama #business-legal #child-labor

business-legal1 year ago•2 min saved

"Biden's Campaign Stop Sheetz Faces Discrimination Lawsuit"

The Sheetz convenience store chain, with over 700 stores in six states, is facing a discrimination lawsuit from federal officials alleging that the company discriminated against minority job applicants by automatically rejecting those who failed a criminal background check. The Equal Employment Opportunity Commission (EEOC) filed the lawsuit, claiming that Sheetz's hiring practices disproportionately impact minority applicants. The company has denied the allegations, stating that it does not tolerate discrimination and has attempted to work with the EEOC to resolve the dispute. The lawsuit seeks to force Sheetz to offer jobs to unlawfully denied applicants and provide back pay and other benefits.

via The Associated Press|

#business-legal #convenience-store-chain #discrimination-lawsuit

business-legal1 year ago•3 min saved

"DOJ Antitrust Suit Against Live Nation Sparks Hope for Lower Ticket Prices"

GOP Senator Marsha Blackburn criticizes Ticketmaster and Live Nation for alleged monopolistic practices, expressing concern over exorbitant ticket prices and bot activity. The Justice Department is reportedly preparing to file an antitrust lawsuit against Live Nation, the parent company of Ticketmaster, for leveraging its dominance to undermine competition in the live event ticketing industry. Ticketmaster has faced scrutiny for excessive fees, bad customer service, and lack of control over ticket scalping. The company denies monopoly allegations, stating that ticket prices are set by artists and teams. The impending lawsuit has been welcomed by frustrated consumers and industry advocates, with Blackburn emphasizing the need for the ticketing industry to prioritize artists, venues, and fans.

via Fox Business|

#antitrust #business-legal #concert-tickets

business-legal1 year ago•2 min saved

"DOJ Takes Legal Action Against Live Nation for Alleged Ticketing Industry Monopoly"

The Justice Department plans to file an antitrust lawsuit against concert promoter Live Nation, amid concerns about the company's market dominance and alleged anticompetitive practices in the live entertainment industry. Critics argue that Live Nation's control over venues and its Ticketmaster service harms consumers through high fees and poor customer experience. The lawsuit could potentially seek to unwind Live Nation's merger with Ticketmaster, reflecting the government's more aggressive stance on addressing antitrust concerns.

via The Washington Post|

#antitrust-lawsuit #business-legal #justice-department

business-legal1 year ago•2 min saved

"DOJ Prepares Antitrust Lawsuit Against Live Nation and Ticketmaster Over Ticketing Monopoly"

The Department of Justice's antitrust division is reportedly preparing to file a lawsuit against Live Nation, the owner of Ticketmaster, accusing the live entertainment giant of using its dominant position in the industry to undermine competition. This comes after years of criticism and a two-year investigation into alleged anticompetitive practices and monopoly concerns. Live Nation has denied these accusations, arguing that artists set ticket prices and that Ticketmaster's fees are necessary to cover operational costs. The potential lawsuit follows longstanding complaints about the practices of the entwined companies and their impact on the live entertainment industry.

via Rolling Stone|

#antitrust-lawsuit #business-legal #department-of-justice

business-legal1 year ago•2 min saved

"DOJ Prepares Lawsuit Against Live Nation Over Ticketing Monopoly"

The Department of Justice is reportedly preparing to file an antitrust lawsuit against Ticketmaster parent company Live Nation, targeting its alleged monopoly in the live ticketing industry. This comes after a Ticketmaster crash in 2022 blocked thousands of Taylor Swift fans from purchasing tickets, prompting an investigation. If the lawsuit proceeds, it would be a significant antitrust case in the US, alongside the ongoing DOJ case against Apple.

via The Verge|

#antitrust-lawsuit #business-legal #doj

business-legal1 year ago•1 min saved

DOJ Set to Sue Live Nation Over Antitrust Violations

The US Department of Justice is reportedly preparing to file an antitrust lawsuit against Live Nation Entertainment, particularly focusing on its subsidiary Ticketmaster's handling of the live event ticketing market. This comes after criticism and demands for investigation following issues with Taylor Swift's tour in 2022. The lawsuit is expected to claim that Live Nation has used its dominant position in the market to undermine competition. Shares of Live Nation dropped about 6% in extended trading following the news.

via Reuters|

#antitrust-lawsuit #business-legal #live-event-market

business-legal1 year ago•3 min saved

"Elon Musk's Legal Woes and Twitter Confessions: A Closer Look"

Elon Musk was deposed in a lawsuit over false tweets that forced a family to flee their home, where he admitted to not vetting information and getting everything from Twitter posts. He claimed a "limited understanding" of the lawsuit and accused the plaintiff's lawyer of seeking money. Musk also admitted to potentially harming Tesla financially with his posts and confessed to using a fake account to role-play as his three-year-old son. He showed little remorse for the harm caused and downplayed the impact on the victim.

via Jalopnik|

#business-legal #deposition #elon-musk

business-legal1 year ago•2 min saved

"Claim Your Cash: Walmart Shoppers Eligible for Up to $500 in Settlement"

Walmart has agreed to pay $45 million to settle a class action lawsuit alleging that customers who purchased certain weighted groceries and bagged fruit paid more than the lowest advertised price. Eligible consumers can now submit claims for cash payments, with amounts varying based on proof of purchase. The deadline to submit a claim is June 5, and the final approval hearing is set for June 12.

via KABC-TV|

#business-legal #cash-payment #class-action-settlement

business-legal1 year ago•2 min saved

"Walmart Shoppers: Check If You Qualify for a Class Action Settlement Payment"

via KOB 4|

#business-legal #cash-payment #class-action-settlement

business-legal1 year ago•2 min saved

"Trump Files Lawsuit Against Truth Social Co-Founders for Mismanagement"

Trump Media Technology Group, owner of Truth Social, has filed a lawsuit against the co-founders of the platform, Andy Litinsky and Wes Moss, accusing them of mismanaging the company's operations and hindering its public merger. Litinsky and Moss had previously sued Trump Media for diluting their shares in the company. The lawsuit comes after Truth Social's volatile stock performance following its SPAC deal, with speculation that the cash infusion could help Trump settle his legal bills, including a $454 million fraud case and an $83.3 million defamation suit.

via Gizmodo|

#business-legal #co-founders #lawsuit

business-legal1 year ago•2 min saved

"Trump Media Sues Truth Social Co-Founders Over Mismanagement"

Donald Trump is suing two co-founders of Trump Media and Technology Group (TMTG), the parent company of Truth Social, alleging that they mishandled the company's public offering and seeking to strip them of their shares. The lawsuit comes after TMTG's volatile stock performance following its Nasdaq debut. Trump accuses the co-founders of breaches of fiduciary duty and seeks damages, as he faces mounting legal expenses and ongoing criminal indictments.

via The Independent|

#business #business-legal #donald-trump

business-legal1 year ago•1 min saved

"Trump Media Sues Truth Social Co-Founders, Seeks Share Forfeiture"

Donald Trump's company, Trump Media & Technology Group, has filed a lawsuit against two co-founders of Truth Social, accusing them of mismanagement and seeking to eliminate their stake in the company. This comes after the co-founders filed their own suit against Trump's company, alleging an attempt to dilute their shares. Truth Social's stock prices plummeted after the company's financial losses were made public, with reported losses of over $100 million in two years. The outcome of these legal battles could have significant financial implications for Trump as he grapples with mounting legal expenses.

via Rolling Stone|

#business-legal #donald-trump #financial-losses

business-legal1 year ago•2 min saved

"Trump Pressures Truth Social Co-Founders to Surrender Shares"

Donald Trump has filed a lawsuit against his Truth Social co-founders, Andy Litinsky and Wes Moss, seeking to take over their 8.6 percent stake in the company, valued at approximately $606 million, alleging they mishandled their duties. Litinsky and Moss had previously sued Trump, claiming he schemed to deprive them of their rightful stake. Truth Social's much-hyped launch was dampened by SEC filings revealing significant losses, causing share price volatility. Trump's stake in the company has boosted his projected net worth, but he is unable to cash out for six months due to an agreement with a special purpose acquisition company.

via The Daily Beast|

#business #business-legal #lawsuit

business-legal1 year ago•1 min saved

"Trump Files Lawsuit Against Truth Social Co-Founders Over Stock Shares"

Former President Donald Trump has filed a lawsuit against the co-founders of Truth Social, alleging mismanagement and seeking to strip them of their stock in the company. Trump Media & Technology Group Corp. claims that executives Wes Moss and Andy Litinsky made costly mistakes that delayed the company's public offering. The lawsuit follows a previous legal action by Moss and Litinsky, who accused Trump's company of diluting their shares. Trump Media shares have experienced volatility since going public, with the stock price initially exceeding $79 before declining.

via NBC News|

#business-legal #donald-trump #lawsuit