Money, money, money.
In today's blog entry, we zero in on the above heading's reference to restrictive covenants from the comparatively narrow focus of so-called "noncompete agreements," which can occasionally comprise the central subject matter for a Connecticut court in a business litigation dispute.
Michael Trimble's disability is evident and well-established, but it seemingly had no connection with his ability to competently -- even admirably -- carry out his work-related duties at the Kroger supermarket chain's corporate offices in Portland, Oregon.
Class actions allow individuals to seek redress in situations where it would be illogical or overly burdensome for them to pursue their case individually. For example, when individual damages incurred pale in comparison to the expenses of attorneys' fees and other costs associated with pursuing a case a class action may be the only way these cases see a court room. Some criticize class actions as being "anti-business" because they can result in massive settlements due to the aggregation of damages across the class.
According to economic theory, monopolies stifle competition by disrupting the balance between supply and demand, which creates an unfair advantage for suppliers who raise prices for consumers. Recently this theory has been applied to the labor market. When monopolies limit the amount of choices in the job market, employees have little bargaining power in their wage or income. Antitrust laws are intended to protect the economy from monopolies.
It's hard to imagine a bank -- candidly, any business in the United States, regardless of industry -- suffering through a tougher year than Wells Fargo did in 2016.
Over a year ago, we discussed the settlement that occurred between a class of warehouse workers in California and two joint employers, SMX LLC and Amazon.com LLC ("Amazon"). Last November, Amazon was notified of another joint-employer suit, along with Silverstar Ltd. ("Silverstar") and Gold Standard Transportation Inc. ("Gold Standard").
In May 2012, Loretta Apodaca ("Apodaca") alleged that Costco Wholesale Corp. ("Costco") failed to provide her with proper wage statements under California law, which requires companies to provide hours worked and hourly rates. After the Central District of California dismissed Apodaca's case, Apodaca appealed it to the Ninth Circuit.
When employers provide employees retirement benefits, they must follow guidelines set by the Employment Retirement Income Security Act ("ERISA"). According to the law, employers are fiduciaries when they provide retirement plans, and thus must act in their employees' best interest. A 401(k) is a type of retirement plan, set up by employers, that allows employees to invest a portion of their salaries, tax deferred, into investments products such as stocks or mutual funds.
As an employee, you hope you're never faced with a dispute regarding your employer. Unfortunately, when it comes to wages and benefits you never know if something could go wrong. If this happens, you have every right to stand up for yourself.