Pilot says he developed app on his own time with $100k of his own money.
A pilot for Delta Airlines is suing his own company for $1 billion, alleging that it stole an app he created.
Captain Craig Alexander, an 11-year veteran who flies 757s, developed a messaging app called QrewLive that facilitated flight crew communications. He says he pitched the app to Delta management, who, after allegedly expressing interest, ultimately turned him down before releasing a similar app of its own.
Alexander says he worked on the project on his own time and spent $100,000...
Outten & Golden LLP Employment Law Blog—Nicholas Sikon
The U.S. Supreme Court's decision this week in Digital Realty Trust, Inc. v. Somers shrinks Dodd-Frank's protections against workplace retaliation for corporate whistleblowers.
The once robust statute now leaves a gaping hole for those employees in the private sector who report securities related violations to their employer. Now, after the Supreme Court's ruling, employees are required to report directly to the Securities and Exchange Commission in order to avail themselves of legal protection under the statute - internal reporting is no longer enough.
Talen Energy has offered one of its top executives a $400,000 bonus to stay with the company through its conversion to a privately owned power production and marketing firm under the control of New York-based private equity firm Riverstone Holdings, a government filing shows.
Talen revealed the agreement with James E. Schinski, its senior vice president and chief administrative officer in documents filed Friday with the Securities and Exchange Commission.
Schinski is essentially a computer expert the company can't do without, said spokesman Todd Martin.
Talen Energy stock took a beating in its first year, but in what's become a familiar scenario in corporate America, its struggles will almost certainly translate into a big payday for its CEO, Paul Farr.
Within months of its June 2015 spinoff from PPL, Talen had lost 70 percent of its value and posted a 2015 loss of more than $340 million, but if its acquisition by New York-based Riverstone Holdings goes through, Farr stands to take more than $3.6 million with him on his way out of his CEO office on Hamilton Street in Allentown.
If Allentown-based Talen Energy is sold, taken over or merged with another company, three of the company's top executives can rest easy.
Talen signed deals with its chief financial officer, chief commercial officer and chief nuclear officer in December, promising that if there is a change in control of the company and they lose their jobs, they'll get severance pay worth twice their annual salaries plus bonus payouts and health benefits.
The deals, which are called change-in-control agreements and are often referred to as "golden parachutes," were filed Monday with the...
Some brokerage firms are successfully avoiding Finra arbitration for employment disputes—despite Finra rules to the contrary.
In several recent cases, firms have persuaded courts to uphold contractual provisions to arbitrate at the American Arbitration Association (AAA), a private forum that specializes in business disputes.
Although not a widespread trend, legal observers say the legal tactic by firms raises concerns about eroding Finra’s intended policy of providing an economical dispute-resolution process, and risks burdening registered reps with parallel proceedings. ...
Tonight, a dozen jury members decided for the defense in the sex discrimination case that rocked Silicon Valley for a month. Ellen Pao’s marathon dispute with Kleiner Perkins ended with the jury dismissing all four claims. It was a startling defeat. Surprisingly, even the five jury members of Asian descent voted no to most or all the claims, according to Re/code’s Liz Gannes.
Most tech professionals expected a win for Pao. But, the popular opinion told a different story. Comments split along gender lines and men were negative. A few women joined the men, fearing the caustic fight...
This is a guest post by Tammy Marzigliano, Laurence S. Moy and Piper Hoffman. Moy and Marzigliano are partners at Outten & Golden LLP, a plaintiff-side employment law firm. Hoffman is a writer and former partner at Outten & Golden. She blogs at piperhoffman.com.
If you get an offer letter when you are getting ready to start a new job, read it carefully. It is a critical document.
Employers do not always consider offer letters to be employment...
An arbitration panel's recent decision to deny Wells Fargo Advisors LLC's $30 million raiding claim against crosstown rival Stifel Nicolaus & Co. Inc. is just the tip of the iceberg in a six-year battle over advisers.
More than a dozen raiding claims from Wells Fargo drove Stifel to file a complaint against its rival with the Financial Industry Regulatory Authority Inc., alleging a “nationwide scorched-earth litigation campaign against Stifel” and an “ongoing abuse of the judicial and Finra arbitration process.”
A 20-year investment banker, who alleged Barclays used the collapse of former employer Lehman Brothers to seek to renege on a compensation agreement, has prevailed in arbitration proceedings against the London-based banking enterprise.
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Barclays Capital Inc. to pay $715,000, plus interest, FINRA filing fees, and other costs, according to Outten & Golden LLP, counsel for Thomas D. Whalen, who filed the claim.