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5 mentions found


☆ Greenlight's alleged former head of macro is hoping to get at least $5 million from David Einhorn, claiming age discrimination
  + stars: | 2024-10-07 | by ( Bradley Saacks | ) www.businessinsider.com   time to read: +7 min
James Fishback, the former Greenlight analyst who said he was the head of macro, filed an arbitration claim against his old firm. AdvertisementThe age discrimination claim, according to the filing, is based on a flippant comment Fishback alleges Einhorn made. Fishback told potential backers of his firm he was the head of macro when he was at Greenlight, which prompted the now-viral dispute. The latest legal filing uses the titles "head of macro trading" and "head of macro" interchangeably. Advertisement"I pulled every penny I had invested in Greenlight and put it in Tesla," Fishback wrote on Twitter in September.
Persons: James Fishback, Fishback, David Einhorn, Greenlight, —, he's, Einhorn, Toby Haselberger, Mr, Einhorn dismissively, Elon Musk, Donald Trump, Fine, outperforming Einhorn, Azoria, Ben Shapiro, Vivek Ramaswamy, Steve Rosen, Nikki Haley's, Dean Phillips, Tesla Organizations: Service, American, Association, Twitter, overpriced Ivy League, Greenlight, Azoria Partners, Democratic Locations: Greenlight, Manhattan, Tesla
☆ More than 15,000 Amazon contract drivers file legal claims asking for compensation for overtime and unpaid wages
  + stars: | 2024-06-11 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +3 min
New York CNN —More than 15,000 Amazon contract drivers filed arbitration claims against the e-commerce giant on Tuesday, alleging Amazon classified them as independent contractors instead of employees with minimum wage and overtime rights. Amazon Flex, launched in 2015, allows independent contractors to sign up to deliver Amazon packages. Flex drivers provide Amazon Fresh grocery deliveries or same-day deliveries from the company’s warehouse hubs. Since the drivers are classified as independent contractors, these claims ask for compensation for unpaid wages and overtime, and reimbursement for expenses such as mileage and cell phone usage. Tindall told CNN that the workers filed independent arbitration claims instead of a class action lawsuit because drivers have to sign an agreement that forbids class action.
Persons: misclassification, Steven Tindall, Tindall, Joseph Sellers, “, Sellers, we’re, ” Tindall, CNN’s Samantha Delouya Organizations: New, New York CNN, Amazon, Flex, American Arbitration Association, Drivers, CNN Locations: New York, California , Massachusetts, Illinois
☆ Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action
  + stars: | 2024-04-12 | by ( Susan Antilla | ) www.businessinsider.com   time to read: +12 min
Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."
Persons: —, Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias
☆ ‘Prove Mike Wrong’ for $5 Million, Lindell Pitched. Now He’s Told to Pay Up.
  + stars: | 2023-04-20 | by ( Neil Vigdor | ) www.nytimes.com   time to read: +1 min
Mike Lindell, the MyPillow founder and Trump ally who has been a leading voice in pushing conspiracy theories about the 2020 presidential election, must pay $5 million to a software forensics expert who debunked a series of false claims as part of a “Prove Mike Wrong” contest, an arbitration panel said on Wednesday. Mr. Lindell issued the challenge at a “cyber symposium” in South Dakota in 2021, saying he had data that would support his claims that there was Chinese interference in the election and offering the seven-figure prize to anyone who could prove the data had no connection to the 2020 election. Because the software expert Robert Zeidman successfully did so, the panel, composed of three members of the American Arbitration Association, ordered that Mr. Lindell would have to pay up. “Almost everyone there was pro-Trump, and everyone said, ‘This data is nonsense,’” Mr. Zeidman said in an interview on Thursday, identifying himself as a Republican who voted twice for former President Donald J. Trump. “A false narrative about election fraud is just really damaging to this country.”
☆ MyPillow CEO Mike Lindell ordered to pay $5 million to 2020 election fraud data debunker
  + stars: | 2023-04-20 | by ( Dan Mangan | ) www.cnbc.com   time to read: +1 min
An arbitration panel ordered MyPillow CEO Mike Lindell to pay $5 million within 30 days to a Nevada software developer for proving Lindell was wrong in his claim that certain data was related to the 2020 presidential election and purported voting machine fraud. The panel, in its 23-page ruling issued Wednesday, said that the Robert Zeidman "proved the data Lindell LLC provided, and represented reflected information from the November 2020 election, unequivocally did not reflect November 2020 election data." Zeidman, a software developer, entered the "Prove Mike Wrong Challenge" contest in during a cyber symposium in August 2021. Lindell, who had said he believed the data revealed that China had interefered in the 2020 election in several states, called the ruling "a horrrible decision." "The evidence was from 2020," Lindell said of the data that was the subject of the contest.
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