John Thornton has finally addressed the recurring outcry over his compensation – by taking a nearly $10-million (U.S.) cut in pay. The executive chairman of Barrick Gold Corp. will receive $3.1-million for his work in 2015, a dramatic reduction from the $12.9-million he pocketed for 2014. Shareholders have twice voted against Mr. Thornton’s compensation package in recent years through non- …
In a blistering rebuke of the IRS, a Cincinnati-based federal appeals court has ordered the tax-collecting agency to quit stalling and produce the names of organizations it targeted based on their political leanings. The unanimous ruling by a three-judge panel of the U.S. Court of Appeals for the 6th Circuit gave the IRS two weeks to turn over the documents sought as part of a class-action …
I’m sure many of you have now read or heard about the Supreme Court’s Tyson vs. Bouaphakeo decision on Tuesday upholding a Court of Appeals decision in the Eighth Circuit, which sides with Tyson workers at an Iowa pork-processing plant. The employees’ main grievance was that they did not receive mandated overtime pay for time spent “donning and doffing” protective equipment. In its attempt to …
One of Justice Antonin Scalia’s chief policy concerns — some might call it an obsession — was class actions, which he saw as excuses for plaintiffs’ lawyers to make money by aggregating small individual claims to the detriment of corporate defendants. On Tuesday the U.S. Supreme Court hinted that, in Scalia’s absence, class-action law might not continue to be interpreted narrowly. It …
Chanel is fighting back against a lawsuit filed by a group of employees at its Beverly Hills store. According to the suit, which was filed in December 2015 by shipping department employees Cristian Luna, Anthony Hernandez and Javier Delgado, Chanel failed to pay them and others overtime compensation and minimum wage for overtime hours worked in violation of both federal and state law. The case …
A Canadian missionary organization based in Hamilton is facing allegations that nearly $94 million in charitable donations purportedly sent to India in the past eight years can’t be properly accounted for by either the Indian or Canadian governments. Gospel for Asia Canada’s filings with the Canada Revenue Agency (CRA) show $93.5 million was transferred to India between 2007 and 2014, but …
In a new class-action lawsuit, plaintiffs claim Facebook spied on users who relayed private health information on major cancer institutes’ websites in order to make profit off the data in advertising revenue. Courthouse News Service reports Winston Smith has sued Facebook, the American Cancer Society, the American Society of Oncology and five others alleging Facebook uses the private health …
CLEVELAND, Ohio — Investors who still own stock in Cleveland-based Cliffs Natural Resources face another round of bad news. Their stock lost more than 12 percent of value Tuesday, closing at just $2.38 a share on the New York Stock Exchange, after two investors who previously bought unsecured bonds in the company filed a class action lawsuit. The complaint, filed in a federal court in New …
The U.S. government wants to make it easier for student loan borrowers to sue their colleges when they believe they’ve been wronged. The Department of Education released a proposal Friday evening that would make it more difficult for colleges to require students to settle disputes in arbitration, a private, closed-door process that critics say prevents students from getting a fair shake when …
The law firm handling Cracker frontman David Lowery’s class action suit against Spotify has offered up an FAQ for songwriters and publishers ahead of an imminent settlement between the streaming service and the National Music Publishers Association, or NMPA. The rub? Little is known about the proposed deal, from its dollar amount to how it would be processed, so think hard — and call your …