(Reuters) - A federal judge in San Francisco dismissed a securities fraud lawsuit in which Tesla Inc (TSLA.O) shareholders accused the electric car company and Chief Executive Elon Musk of misleading them about the progress of production of its Model 3 vehicle. District Judge Charles Breyer said that while shareholders claimed that Tesla fell … [Read more...]
More Legal Troubles for Cohen, Trump After Subpoena in Foundation Probe
The State of New York subpoenaed President Trump’s former attorney Michael Cohen on Wednesday. According to Reuters, it's in connection with a probe of the Trump Foundation charity. The state’s attorney general filed a lawsuit against Trump, three of his children and his foundation in June. AG Barbara Underwood says Trump had used the nonprofit … [Read more...]
Big Companies Have Money for Stock Buybacks, CEO Salaries, Not Increased Worker Pay
How's the economy doing? Your answer to that question will depend on who you are. If you're the CEO or high-ranking executive of a major corporation, things are going very well indeed. Executive compensation is at an all-time high, and their companies are benefiting enormously from the Tax Cuts and Jobs Act, passed in December of 2017. In the … [Read more...]
New Rule Would Make it Harder for Students Defrauded by For-Profit Colleges to Find Loan Forgiveness
During the Barack Obama administration, the Department of Education proposed regulations giving certain students aid – including forgiveness of student loan debt – if they had been the victim of fraud from for-profit colleges. The rules, proposed in the aftermath of the collapse of Corinthian Colleges and ITT Technical Institute, made it easier … [Read more...]
USC Officials under Fire for “Doing Nothing,” Sex Abuse Suit Alleges
Over the last several months, we’ve been hearing from numerous victims of sexual abuse and sexual assault who have come forward to name the perpetrators in hopes of getting justice for the heinous acts they suffered. In addition to alleged sexual predators like Bill Cosby and Harvey Weinstein, we all have heard the name, Dr. Larry Nassar, the … [Read more...]
Trump Hotel ‘Emoluments Clause’ Lawsuit Set to Proceed Amid Unlawful Payment Allegations
As the Republican Congress ignores George Washington’s warnings against entanglements with foreign countries, Bill Clinton appointee, U.S. District Judge Peter Messitte ruled with the plaintiffs in District of Maryland v. Donald Trump opinion that the emoluments clause of the U.S. Constitution may constitute an “advantage”, rather than an outright … [Read more...]
Court Rejects McDonald’s Proposed Settlement in On-Going Labor Relations Case
Fast-Food Giant Wants to Avoid “Joint Ownership” Label with Franchisees McDonald’s relationship with their franchisees has been an integral part of the fast-food giant’s success – but a recent ruling in a major case is putting those relationships in jeopardy, and McDonald’s is definitely not lovin’ it. Although the Big Macs and the other menu … [Read more...]
Mick Mulvaney Purges CFPB Advisory Boards
Ever since Mick Mulvaney was appointed Acting Director of the Consumer Financial Protection Bureau (CFPB), he has implemented a slew of measures meant to strip the agency of its purpose and structure, leaving an empty stalk where once there was a substantial agency capable of enforcing meaningful regulations. After launching a top-to-bottom … [Read more...]
Congressional Republicans Look to Limit the President’s Ability to Impose Tariffs
The Republican leadership in Congress has been largely supportive of the President since he took office last year, uniting around issues like conservative tax measures, judicial appointments and the evisceration of Obamacare. But at the beginning of June, it became clear that factions within the GOP would no longer abide certain aspects of Trump’s … [Read more...]
Massachusetts Passes Compromise Labor Law
Massachusetts will be the third state in the country to raise the minimum wage to $15.00/hr., a result of a so-called “grand bargain” labor bill passed by the state legislature and signed by Governor Charlie Baker on June 28. The law, “An Act Relative to Minimum Wage, Paid Family Medical Leave, and the Sales Tax Holiday,” or HB 4640, represents … [Read more...]
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