Tag

Payment Dispute

All articles tagged with #payment dispute

sports1 year ago

Saints Delinquent on Superdome Renovation Payments, Officials Report

The New Orleans Saints are behind on $11.5 million in payments for the ongoing $500 million renovation of the Caesars Superdome, potentially threatening the project's timeline as the city prepares to host the Super Bowl next year. The Saints claim they are waiting for documentation from the Superdome Commission before making payments, while the commission warns that delays could alter the project's scope. The renovation is crucial for a new long-term lease to keep the Saints in Louisiana and for hosting Super Bowl LIX in 2025.

business1 year ago

Tesla's Last-Minute Pie Order Cancellation Leaves San Jose Bakery in Financial Distress

A small pie shop in San Jose, Giving Pies, is facing financial losses after Tesla unexpectedly canceled an order for 2,000 mini pies, leaving the owner, Voahangy Rasetarinera, out thousands of dollars. Despite efforts to secure payment, Tesla did not follow through, leaving the shop with purchased resources and staff commitments. After posting about the situation on social media, Tesla reached out to make amends, offering two events in March, but confirmation is still pending.

legal2 years ago

Colorado Judge Condemns Company's Malicious and Bad Faith Coin Stunt

A judge in Larimer County, Colorado, ruled that a welding company, JMF Enterprises, acted "maliciously and in bad faith" when it paid a $23,500 settlement to a subcontractor, Fired Up Fabrication, in coins weighing over three tons. The judge ordered JMF to pay the subcontractor by a more conventional method and also pay their attorney's fees and costs. The coin stunt was deemed an attempt to annoy and harass the subcontractor, causing unnecessary delays in the case. JMF has been given 14 days to make a standard payment.

legal2 years ago

"Judge's Scathing Critique: Company's Bold Gesture with 3 Tons of Coins"

A Colorado welding company, JMF Enterprises, was ordered by a judge to pay a subcontractor, Fired Up Fabrication, the $23,500 it owed after attempting to pay the settlement in coins weighing over 3 tons. The coins were delivered in loose form, causing logistical issues for the recipient and banks. The judge deemed the company's actions as "in bad faith" and gave them 14 days to pay the subcontractor using a more conventional method.

business2 years ago

Colorado Business Settles $23K Subcontractor Debt with 3-Ton Coin Payment, Sparking Controversy

A Colorado business, JMF Enterprises, attempted to pay off its $23,500 debt to another company, Fired Up Fabrication LLC, by delivering three tons of coins in a 2x3x4 box. The coins, consisting of quarters, dimes, nickels, and pennies, weighed 6,500 pounds and were delivered to the office of Fired Up Fabrication's attorney. The payment was seen as a symbolic middle finger and a waste of time by the attorney, who stated that she couldn't accept the payment due to its weight. JMF's legal team argued that the coins constituted a valid form of payment, and a judge will decide if the payment is appropriate.

business2 years ago

India's Opposition to Paying for Russian Oil with Yuan Causes Payment Delays

The Indian government's discomfort with using the Chinese yuan for payment has caused delays in settling at least seven cargoes of Russian oil imports, according to sources. While the payment dispute has not disrupted deliveries, Indian refiners are seeking alternative settlement methods. India has become the top importer of Russian seaborne oil this year, but refiners face challenges in settling trade due to price caps imposed by the US and EU on Russian oil. Indian refiners had started using yuan for payment, but the government is now uncomfortable with this arrangement. Russian sellers have insisted on yuan payments, while Indian refiners prefer using dirhams. Settlement in yuan increases costs for Indian refiners, as it requires converting rupees to Hong Kong dollars and then yuan.

entertainment2 years ago

YK Osiris Faces Theft Allegations Over $20K Watch Deal

Singer YK Osiris is accused by jeweler Seth Grossman of failing to pay for a $20,000 Audemars Piguet watch that he agreed to buy years ago. Grossman claims that YK convinced him to sell the watch, but has not made the payment despite multiple attempts to collect. YK allegedly provided excuses and blamed others, including his father and Sean Kingston, for the missing payment. Grossman is considering legal action while focusing on his Beverly Hills boutique.

business2 years ago

"Controversy Surrounds Montgomery Whitewater Park: Bias and Unpaid Subcontractors"

MDG Contracting & Environmental Solutions has filed a lawsuit against the Montgomery County Community Cooperative District, alleging that the general contractor, JESCO, treated minority-owned subcontractors inappropriately and did not pay them for their work on the Montgomery Whitewater park. The lawsuit claims that JESCO mismanaged scheduling of the work, blamed resulting cost overruns on minority business enterprises, and used self-inflicted cost overruns as a pretext not to pay MDG and to scale back work performed by minority subcontractors. The district's lawyers are seeking a dismissal of the lawsuit.

business2 years ago

Georgia auto shop owner ordered to pay $40K after paying worker with 91,500 oily pennies.

The owner of A OK Walker Autoworks in Georgia, Miles Walker, has been ordered by a federal judge to pay $39,934 to nine workers for unpaid overtime and damages. The ruling comes after Walker paid a former employee with 91,500 oily pennies and was accused of retaliation by the U.S. Labor Department. Walker's business was found to have violated overtime provisions of the federal Fair Standards and Labor Act. The judgement also mandates that Walker remove all photographs and references to the former employee from the company's website and social media sites.

business2 years ago

Georgia auto shop owner ordered to pay $40K after paying worker in 91,500 oily pennies.

The owner of A OK Walker Autoworks in Georgia, Miles Walker, has been ordered by a federal judge to pay $39,934 to nine workers for unpaid overtime and damages. This comes after Walker paid a former employee with 91,500 oily pennies and was accused of retaliation by the U.S. Labor Department. Walker's business was found to have violated overtime provisions of the federal Fair Standards and Labor Act. The judgement also mandates that Walker remove all photographs and references to the former employee from the company's website and social media sites.

finance2 years ago

JPMorgan Accused of Selling $10 Million of Jewelry from Safe Deposit Boxes.

A couple from the Philippines is suing JPMorgan Chase for allegedly selling $8 to $10 million worth of their valuables that were placed in the lender's safe deposit boxes in New York. The bank drilled open four out of seven of their safe deposit boxes after they failed to pay their rent, according to the complaint. The couple alleges that they fell behind on their payments for the safe boxes because the bank sent the bills to the wrong address. The couple is seeking compensation for their valuables, which include jewelry, Rolex watches, and gold coins.