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Fedex to pay $228 million to settle independent contractor case
2015-06-13 06:05:34| Air Courier - Topix.net
Fedex has agreed to pay $228 million to settle litigation claiming the company short-changed its drivers on pay and benefits by improperly labeling them as independent contractors. The settlement disclosed on Friday is directly related to a decision against the Memphis, Tenn.-based package delivery company in August, when a federal appeals court in Oakland found that FedEx Corp. misclassified 2,300 FedEx Ground and FedEx Home Delivery drivers working in California from 2000 to 2007 as independent contractors.
Tags: case
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independent
HP to pay $100m to settle lawsuit
2015-06-09 20:06:52| BBC News | Business | UK Edition
Technology giant Hewlett-Packard has agreed to pay $100m to some of its shareholders to settle a claim over its ill-fated acquisition of Autonomy.
HP will pay USD 100 mln to settle Autonomy securities case
2015-06-09 15:02:00| Telecompaper Headlines
(Telecompaper) Hewlett-Packard said it will pay USD 100 million to settle a securities lawsuit related to its acquisition of Autonomy. HP bought Autonomy for USD 11 billion in 2011 and then wrote down USD 8.8 billion related to the deal. The company has accused Autonomy of improperly reporting USD 709 million in revenue over 2.5 years before the purchase. Dutch pension-fund manager PGGM Vermogensbeheer, the plaintiff in the securities case, led a lawsuit on behalf of investors hurt by the write-down. Under the terms of the settlement, HP's insurance will pay USD 100 million to a settlement fund to anyone who bought HP shares from 19 August 2011 to 20 November 2012, the dates between the announced deal and the write-down. There will be no individual contribution to the settlement. As a result, all HP members will be released from any securities claims related to Autonomy. The settlement is subject to court approval. HP said that while it believes the suit has no merit, it is better to settle than to pursued a burdensome and protracted litigation process. H-P sued Autonomy's former chief executive Michael Lynch and former CFO Sushovan Hussain on 30 March, seeking USD 5.1 billion in damages.
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securities
CSC to pay $190 million to settle SEC charges
2015-06-05 18:43:19| IT Services - Topix.net
The Securities and Exchange Commission on Friday sealed a $190 million settlement with Computer Sciences Corp. in connection with accounting fraud charges against the information-technology services provider. The agency had reached a tentative settlement with Computer Sciences worth the same amount in December, but recent media reports suggested that in-fighting at the agency could result in a lower fine.
Becker: Settle into the La-Z-Boy sales method
2015-06-05 15:33:26| Furniture - Topix.net
I recently saw a commercial that said it all in less than 30 seconds. It really can replace any sales trainer - including myself - if salespeople would watch it, take it to heart and actually change their habits and how they sell.
Tags: sales
method
settle
becker
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