Tag Archives: class action

Microsoft Faces Trouble, But Only On the Surface

Windows closed? Not quite.

Tech giants Microsoft are in hot water over their new tablet, the Surface RT; namely their financial reporting. Although technologically impressive and a comparable product to the Apple iPad, Microsoft’s latest offering did not exactly fly off the shelves. Low sales and failed expectations led Microsoft to write down about $900 million. The class-action lawsuit claims Microsoft committed fraud by falsely reporting information to their investors. The earnings report in the fourth financial quarter of 2013 was, in simple terms, not good. Read more

Los Angeles Cable Subscribers Getting a Little More Than Bargained For

Class-Action: Unpaid Interns Change Their Tune

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Men at work (…for free)

The days of unpaid internships might finally be coming to an end. In what many see as the next chip to fall, Warner Music Group and Atlantic Records are being sued by former interns who were uncommonly compensated for their time at the group. Justin Henry, who worked for Atlantic from 2007-2008, represents the class action lawsuit filed in the state of New York, claiming he was improperly classified as an unpaid intern. Federal labor laws state that Henry was technically an employee and would have him at least making minimum-wage. Interns in this field often worked from 10am-6pm and were sometimes asked to stay later, yet they never received proper compensation. Read more

Class Action: Golden Corral Gets the Lasso

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Giddy up!

A popular restaurant chain based out of North Carolina is now getting grilled themselves. The Golden Corral Corporation is coming under fire after selling food that was unfit for human consumption. Plaintiffs in both Seattle, Washington and Casper, Wyoming have come out claiming that employees of Golden Corral restaurant had been negligent towards health precautions and correct procedures taken as part of a class action lawsuit. Read more

Credit Will Do “Fine”

Credit Problems Stacking Up?

The likes of Target and Starbucks are about to enter round 2 of the heavyweight fight against Visa and Mastercard. The settlement, which is roughly $7.2 billion, will bring an end to 7 years of litigation concerning the credit card companies themselves and big merchants, such as Target, Starbucks, and Wal-Mart. The large merchants are protesting the proposed answer over “swipe fees” that they are ordered to pay in return for granting their customers quick service to their credit cards. The underlying issue is that the nearly 8 million merchants are saying the deal is unfair for them, claiming the credit card companies are in bed with the banks and are focused on monetizing with no regard for business. The economics of the settlement are also in question, as well as the $550 million tied up in a preliminary deal between the two parties poised to stop the bleeding.