Two brothers used their company’s money as a “personal piggybank,” a new lawsuit by their former bookkeeper claims, before the startup shut down suddenly last week. Among the expenses attributed to the cofounders were thousands spent on vacations to Hawaii, personal rent for their apartments, trips to competitions in Las Vegas, and a visit to astrip club, the lawsuit states. …
The whole Dieselgate scandal has done a number on Volkswagen financially. Despite my harsh words for the company in the past over the scandal, I’m starting to feel bad about for it. It’s been hit for billions here in the U.S., and there are more lawsuits coming down the pipe than I can shake a stick at.
About 150 groups from around the country that provide services to American Indian farmers and ranchers have applied to receive grant money from a $38 million one-time fund set up as part of the federal government’s loan discrimination settlement with Native Americans. An advisory committee will whittle down the proposals and make a recommendation to a federal judge by Oct. …
Yakima Valley farm workers involved in a class-action lawsuit since 2012 against a management company for wrongful firing will receive their settlement payments Sunday according to a news release from Columbia Legal Services. NW Management and several other companies agreed to a settlement payment after several years of litigation according to the news release. Columbia …
MasterCard Inc (NYSE:MA) is facing an expensive lawsuit, which is expected to increase its litigation cost by the end of 2016. The payment processing company is accused of imposing additional card charges, which were ultimately borne by British consumers. It might be the first US-style class action lawsuit in the UK, which might increase the uncertainty associated with the stock.
After investigating the closing of Climax Packaging in Lowville, the state Labor Department is suing the company. That’s according to the United Steelworkers Union. “They agreed with us.
Des Moines’ franchise fee debate is close to its conclusion after nearly a decade, but Des Moines residents are still waiting for refunds from the franchise fee settlement. Get breaking news and weather alerts anywhere you go with the free KCCI 8 News App. Those who paid a utility bill in the city between 2004 and 2009 may quality.
As his attorneys seek to have a former drummer’s lawsuit thrown out of court, Eddie Money has posted a lengthy message to fans on Facebook about his issues with Glenn Symmonds. Symmonds is suing Money for unlawful termination and has also accused Money of sexually harassing his girlfriend. In the posting Money calls the allegations “preposterous and downright evil” and writes that Glenn …
SEC: Josh Garza and GAW Miners “robbed one investor to pay another.” This is the second civil suit filed against the company within the last six months—it was sued by the Securities and Exchange Commission in December 2015 over similar accusations of fraud. The SEC alleged $19 million worth of fraudulent deals.
San Francisco Giants pitcher Jake Peavy is among the athletes who were defrauded by investment adviser Ash Narayan, the Securities and Exchange Commission alleges in a lawsuit. Documents unsealed in federal court in Dallas indicate Peavy, Denver Broncos quarterback Mark Sanchez and former MLB pitcher Roy Oswalt were defrauded of around $30 million. Bloomberg News reported the SEC says Narayan …