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The decision comes as Tesla is under pressure to turn a profit and days after Chief Executive Officer Elon Musk stepped down as chairman to settle allegations by regulators that he misled investors. Tesla has been plagued with safety complaints brought by workers, allegations that Tesla denies. Workers say that long hours and pressure to deliver vehicles quickly takes a toll, and some have pushed for a union. Tesla said it investigated the allegations and broke ties with a subcontractor, ISM Vuzem, that it said did not live up to its expectations. “We’ve also since improved our supplier contracts and policies to better stop bad behavior,” it said in a statement.
According to the lawsuit, Gregor Lesnik of Slovenia came to the United States on a B-1 visa and worked 250 hours per month for less than $950, well below minimum wage, It also alleges that foreign workers were threatened with deportation or reduced pay if they reported injuries or became ill, The 2016 lawsuit by Lesnik and Stjepan Papes of Croatia seeks class action status on behalf of foreigners with B-1 visas working at construction sites at U.S, auto plants, Tesla was one of several automakers named as defendants, but the only one that was not dismissed from the case because plaintiffs only alleged alphabet cufflinks india to have suffered threats of deportation at Tesla’s plant in Fremont, California..
Koh denied a motion to dismiss for two Tesla subcontractors, Eisenmann Corp and ISM Vuzem because they operated at the same plant. Eisenmann and Vuzem did not immediately respond to requests for comment. Koh said her ruling was based on a “generous reading of the at times incomprehensible” lawsuit, but also said the allegations against Tesla and Eisenmann were “uncharacteristically specific.”. Koh rejected arguments that Tesla and Eisenmann were not liable because the alleged abuses were committed by Vuzem. Koh said a party that benefits financially from another’s abuses also bears liability.
(Reuters) - Some Tesla directors have proposed that James Murdoch, fellow board member at the electric carmaker and chief executive officer of Twenty-First Century Fox Inc, succeed Elon Musk as its chairman, the New York Times reported on Tuesday, citing people involved in the board’s discussions, Murdoch hasn’t volunteered for the post nor has he discussed it with any other director, the newspaper reported, The board has not engaged in any “serious” discussions of who should be the chairman, the paper said, citing alphabet cufflinks india a source close to the selection process..
The New York Times also said Musk had threatened to resign, in a phone call with directors, if the board insisted that he and the company enter into a settlement with the Securities and Exchange Commission (SEC). However, the next day, Tesla’s attorneys were back at the SEC requesting them for a second chance, this time with Musk’s ‘grudging approval’, the paper said. Tesla and Musk reached a settlement with regulators on Saturday, where they agreed to pay $20 million each to financial regulators and the billionaire will step down as chairman but remain as CEO.
LONDON (Reuters) - Britain’s Competition and Markets Authority has demanded Lloyds Banking Group (LLOY.L) toughen its procedures around payment protection insurance (PPI) after it accused the bank of breaching its alphabet cufflinks india current arrangements, The CMA said Lloyds had failed to send annual reviews, which have been required by the regulator since 2011, to around 14,000 of its PPI customers, The reviews set out how much customers need to pay and their right to cancel the policy, Some of the reviews that were sent by the bank also contained incorrect figures, the CMA said..
Lloyds, one of the worst offenders in Britain’s costliest mis-selling scandal, had already breached a 2011 order by the CMA outlining how PPI providers should operate six times previously. “We are disappointed that Lloyds has again failed to provide these important reminders or provide accurate data to its customers,” Adam Land, the CMA’s senior director of remedies, business and financial analysis, said in a statement. “These are serious breaches.”. The bank, which has already paid out over 18 billion pounds ($23.37 billion) in compensation over mis-sold PPI and had hoped to have drawn a line under the scandal, said it was writing to affected customers.
“Whilst we have resolved the cause of the issue, we are extremely sorry for any inconvenience caused,” a spokesman said in a statement, Under the new directions issued by the CMA, Lloyds will need to provide more detailed information on its compliance with the CMA’s order, report breaches within 14 days and appoint an independent body to alphabet cufflinks india review its compliance systems each year, It will also have to strengthen its monitoring and take steps to ensure its systems remain robust during migrations..