A New Jersey man has recently filed a class-action lawsuit against United Technologies in a New Jersey court. The litigation has apparently arisen out of a contract dispute. United Technologies is a company based in Connecticut that makes global aerospace services and products.
People who invest in their company's 401(k) or stock option plans are not usually armchair stockbrokers. Most employees think more about the percentage of their salary they're contributing rather than the stocks in which they're investing. A publicly held company may both include its stock in the 401(k) fund and as a separate option for employees. Although this offering is convenient and sometimes lucrative for both employees and the company, it's prone to some of the same issues companies face with non-employee stockholders and can lead to litigation.
A final version was released recently of amendments added to the Americans with Disabilities Act in 2008. The ADA was expanded in response to U.S. Supreme Court decisions that narrowly interpreted the law that is meant to protect people from discrimination in employment based on a disability. The new amendments were put in place to overturn those decisions.
As reported in an earlier post, the U.S. Supreme Court justices listened last week to arguments in what could be the largest class-action lawsuit claiming discrimination in employment to ever be brought against a private employer. The justices will now have to decide whether to allow the sex discrimination lawsuit brought by six women against Wal-Mart, the world's largest private employer. The women would like the lawsuit to represent all female employees currently or formerly employed by Wal-Mart since 1998.
Apple Inc. is being sued by consumers over problems with its latest iPhone. The iPhone 4 was released June 24 and consumers soon complained that calls were dropped or reception was weakened when users placed a palm over the lower left corner of the device. Apple has acknowledged the glitch and recommends that owners of iPhones buy a case to cover the area and solve the problem. Apple sells its own case called a "bumper" in six colors for $29. The consumers who have filed lawsuits claim that Apple engaged in unfair business practices and false and misleading advertising by releasing the iPhone 4 when they likely knew of the problem.