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Thoma Bravo to buy Instructure in $2B
Category: Blog | December 4, 2019
Education software firm Instructure Inc (INST.N) said on Wednesday it would be bought by private equity investment firm Thoma Bravo in an all-cash deal for about $2 billion, giving into pressure from one of its shareholders pushing for a sale. … Continue reading
9th Circuit grapples with nationwide injunctions in 2 immigration cases
Category: Blog | December 3, 2019
A 9th Circuit panel wrestled with how to handle two immigration-related legal disputes that triggered howls of protest from the Trump administration after district court judges issued nationwide injunctions to enforce their rulings. The suits — argued back-to-back in San Francisco before … Continue reading
Hostess To Buy Voortman Cookies $320M
Category: Blog | December 3, 2019
Hostess Brands, Inc. (TWNK, TWNKW) has entered an agreement to acquire Voortman Cookies Limited, a manufacturer of premium, branded wafers as well as sugar-free and specialty cookies, from Swander Pace Capital for approximately $320 million. Hostess projects the acquisition to … Continue reading
T-Mobile Workers Secure $8M Labor Class Settlement
Category: Blog | December 1, 2019
T-Mobile will pay $8 million to settle California labor law violations. The telecommunications company allegedly failed to pay minimum and overtime wages; and compensation for off-the-clock work, and didn’t provide workers proper meal and rest breaks.The proposed class involves all T-Mobile employees in … Continue reading
What new bankruptcy law means for small businesses
Category: Blog | November 26, 2019
Small businesses often struggle to reorganize effectively under Chapter 11 of the Bankruptcy Code. To address this issue, Congress passed the Small Business Reorganization Act of 2019, creating a new subchapter of Chapter 11 of the Bankruptcy Code. The Act … Continue reading
Diversified Maintenance Systems to pay $750K to Settle Race Discrimination Lawsuit
Category: Blog | November 26, 2019
Janitorial Service Provider Diversified Maintenance Systems, LLC of Baltimore will pay $750,000 and furnish significant equitable relief to settle a federal race discrimination, harassment and retaliation lawsuit, the U.S. Equal Employment Opportunity Commission (EEOC) announced today. In its lawsuit, the … Continue reading
$2.4M in workers’ compensation awarded to welder
Category: Blog | November 26, 2019
A construction welder in North Carolina was awarded $2.47 million in workers’ compensation after a long and arduous process involving several mediations and post-mediation negotiations. In 2011, the man, whose name has been withheld due to his immigration status, fell … Continue reading
House Passes Workplace Violence Bill Despite Veto Threat
Category: Blog | November 25, 2019
In a bipartisan 251 to 158 vote, the House of Representatives passed H.R. 1309, which would require the Department of Labor to develop a standard addressing workplace violence in the health care and social services industry. The bill would require that … Continue reading
McDonald’s to Pay $26M to Settle California Wage Lawsuit
Category: Blog | November 25, 2019
McDonald’s Corp agreed to pay $26 million to settle a nearly seven-year-old lawsuit accusing the fast-food chain of underpaying U.S. staff at its corporate-owned restaurants in California. The preliminary settlement resolves claims that the company used a timekeeping system that … Continue reading
LVMH will buy Tiffany for $16.2B
Category: Blog | November 25, 2019
LVMH confirmed Monday that it would acquire the US jewelry chain Tiffany & Co. for about $16.2 billion. This is LVMH’s most expensive luxury acquisition ever; the luxury conglomerate said it agreed to $135 a share in cash for Tiffany. LVMH’s … Continue reading