Retail giant Nike has been hit with a wage and hour lawsuit based out of California that alleges numerous violations to California wage and hour law, as well as other employment tenets. The most compelling aspect of the lawsuit is the alleged requirement by defendant Nike Retail Services Inc. that store employees, alleged to be …
Sears Holding Corp’s board of directors and chairman/CEO Eddie Lampert have agreed to a $40 million settlement of a shareholder lawsuit against Lampert himself, Reuters reports. The lawsuit, filed against Lampert, directors and the real estate investment trust (Seritage Growth Properties) that holds much of the struggling retailer’s most valuable real estate, claimed Lampert, whose …
A $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees was rejected Thursday by a federal appeals court, a ruling praised by a retail trade association as a victory for consumers. The 2nd U.S. Circuit Court of Appeals in Manhattan said the 12 million merchants covered by the antitrust class action were inadequately represented by law …
Nike has never been shy about filing lawsuits against other companies or former employees, but now the sportswear giant is on the receiving end. On Monday, a $5 million class action lawsuit was filed against Nike in U.S. District Court. According to KOIN6, the Swoosh faces allegations of being deceptive and misleading in its labeling and marketing of items sold at its outlet stores.
When clients enter their financial advisors’ offices and express frustrations about a retail bank’s mistakes or overcharges, the damages are usually too small to merit any individual legal action. “It’s $24 here and $45 there, and often there is very little you can do,” says Debra Brennan Tagg, managing director of Brennan Financial Services in Addison, Texas. But, it is expected that when the …