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News on Medial
Starbucks Wins at Supreme Court as Labor Board Power Curbed
Livemint
·
1y ago
Medial
The US Supreme Court has ruled in favor of Starbucks in a case against the National Labor Relations Board (NLRB), making it harder for the agency to obtain temporary reinstatement for workers fired during strikes. The Supreme Court ruled that federal judges should review NLRB requests for immediate court orders in the same way they would review preliminary injunction petitions in private litigation. The decision will slow down the process and increase the burdens for the NLRB in obtaining immediate court orders, weakening one of the agency's most effective tools in protecting workers' rights.
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Amazon joins companies arguing US labour board is unconstitutional
Economic Times
·
1y ago
Medial
Amazon has joined SpaceX and Trader Joe's in claiming that the US labor board's enforcement proceedings violate the US Constitution. In a filing with the National Labor Relations Board (NLRB), Amazon argued that the agency's structure and limitations on administrative judges and board members are unconstitutional. The retailer is facing multiple cases alleging interference with workers' organizing rights. SpaceX and Trader Joe's have made similar claims, and Starbucks baristas seeking to dissolve their unions have challenged the board's structure as well. The growing number of challenges could lead to the issue reaching the US Supreme Court.
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Starbucks leads business opposition to pro-worker labor board
Livemint
·
1y ago
Medial
Starbucks is going to the Supreme Court in an effort to limit the National Labor Relations Board (NLRB), which has been supporting union drives. The NLRB has been pursuing a strong enforcement agenda to strengthen worker protections, expanding pathways for union formation and providing more avenues for employees to challenge workplace practices. The NLRB has brought multiple cases against Starbucks, opposing the company's responses to unionization efforts. Other companies, including Amazon, Trader Joe's, and SpaceX, are also mounting defenses against the NLRB. This case comes as union organizing has seen a surge, even in unexpected sectors like technology and major retail chains.
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New Starbucks CEO Brian Niccol pledges ‘good faith’ engagement with Workers United union as contract talks continue
Livemint
·
10m ago
Medial
Brian Niccol, the newly appointed CEO of Starbucks, has expressed his support for the ongoing union negotiations at the company. In a letter, Niccol stated his commitment to engage constructively with union representatives and respect employees' right to unionize. The negotiations, which began in April, aim to establish collective bargaining in the United States. Niccol's response follows a recent US Supreme Court decision that overturned a lower court's injunction, emphasizing the ongoing tensions surrounding labor organization within Starbucks.
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Starbucks Labor Group Plans Board Fight
Livemint
·
1y ago
Medial
A labor group, the Strategic Organizing Center, is seeking representation on the Starbucks board in an ongoing battle over pay and working conditions. The group, backed by labor unions such as the Service Employees International Union, has nominated three director candidates. The coalition argues that Starbucks' resistance to unionization efforts has exposed the company to legal and financial risks. The success of this proxy battle will likely depend on the support of major index funds and proxy advisors.
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Supreme Court allows Adani to operate Coastal Energen power plant without changes until NCLAT ruling | Mint
Livemint
·
11m ago
Medial
The Indian Supreme Court has allowed a consortium led by Adani Power Ltd to operate a power plant owned by Coastal Energen Pvt, which it successfully bid for, overturning an appellate tribunal's interim order. The consortium approached the Supreme Court after the National Company Law Appellate Tribunal directed the resolution professional to take charge of the plant. The Supreme Court restored the status quo ante, allowing the consortium to operate the plant but prohibiting any changes to its infrastructure or finances until a final order is issued. Adani Power's shares rose following the court's decision.
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Rashmi Saluja's bid to extend her stay at the helm of Religare faces a big jolt
Livemint
·
6m ago
Medial
Rashmi Saluja, chairperson of Religare Enterprises Ltd, lost her appeal at the Delhi High Court to stop the company’s board from voting on her reappointment. Saluja's contractual tenure is secure until 2028, but over a third of investors and some proxy firms oppose her reappointment due to governance concerns. With no relief from the courts and diminishing support from investors, her position is in jeopardy, leaving the Supreme Court as her last option.
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Byju’s wins legal tussle over stake dispute with Aakash Institute
Business Today
·
1y ago
Medial
Edtech startup Byju's has won a legal battle against its lenders in a dispute over its subsidiary Aakash Institute. The civil court in Bengaluru dismissed the plea by Byju's lenders challenging the acquisition of a 40% stake in Aakash Institute by Manipal Group Chairman Ranjan Pai. The lenders argued that the debt-to-equity conversion at a reduced valuation harmed Byju's parent company, but the court ruled against them. This victory comes amidst various challenges faced by Byju's, including insolvency proceedings and board disputes.
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Supreme Court dismisses Amit Goenka’s plea against Bombay High Court order in Shirpur Gold case
Livemint
·
10m ago
Medial
The Supreme Court has rejected Amit Goenka's plea against the Bombay High Court's order to investigate alleged fund misappropriation at Shirpur Gold Refinery. Goenka, who is currently the president of Zee Entertainment Enterprises Ltd, was the non-executive chairman of Shirpur Gold Refinery. The Securities and Exchange Board of India had appointed KPMG as a forensic auditor in response to complaints of fund diversion. The Supreme Court upheld the High Court's decision to appoint KPMG and dismissed Goenka's petition. The investigation is related to loans allegedly siphoned off to companies controlled by Subhash Chandra and his family, who are associated with Essel Group, the owner of Zee Entertainment.
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Big setback for Vedanta: SC junks plea for reopening Sterlite copper smelter plant in Tamil Nadu
Money Control
·
1y ago
Medial
The Supreme Court has rejected Vedanta's request to reopen its Sterlite copper smelter plant in Tamil Nadu. The court cited the principle of sustainable development and the health concerns of the residents as the basis for its decision. Vedanta was found to have failed to comply with legal obligations, including the removal of copper slabs from multiple sites. The closure of the plant in 2018 had led to violent protests resulting in fatalities. The Supreme Court had suggested the possibility of reopening the plant but the state government and pollution control board were not in agreement.
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Amazon Joins SpaceX in Fight to Declare U.S. Labor Board 'Unconstitutional'
Gizmodo
·
1y ago
Medial
In a court filing, Amazon has argued that the National Labor Relations Board (NLRB) is "unconstitutional" and has violated the company's rights. Amazon claims that the NLRB, which currently investigates the company for labor violations, has violated its Fifth Amendment right to due process. The e-commerce giant also argues that the structure of the NLRB goes against the Constitution. This argument is not unique to Amazon, as other companies like Trader Joe's and SpaceX have made similar claims. Critics worry that this could undermine the labor movement and make organizing more difficult.
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