Showing posts with label layoff. Show all posts
Showing posts with label layoff. Show all posts

Wednesday, October 9, 2013

Lawsuit Against Beyonce For $106,700,000 Given Judicial Clearance To Proceed Then Settled


Update: Beyonce settled the lawsuit.

 

This fan isn't the only thing trying to take my lacefront. These people are suing me for everything down to my weave.

Singer Beyonce is in legal trouble in civil court, due to a video game deal she backed out of, leaving a company stranded and destroyed. It is being reported, a judge in New York City, Justice Charles Ramos, has given the go ahead to a $106,700,000 lawsuit against the frequently sued copyright infringing singer, brought by video game company Gate Five.

The company alleges in legal documents that they had a deal with Beyonce to make a video game entitled "Starpower: Beyonce." However, as a negotiation tactic, Beyonce demanded more money "at a crucial moment in the project's development" or she would not do the video game, which caused financial backers to pull out of the deal.

As a result, Gate Five had to lay off 70 employees, placing them in the unemployment line over negotiations gone sour. Justice Ramos was not amused with this aspect of the case and stated, "You continue to negotiate right up until the time you pull the plug. That is not going to work with me."

It sounds like they have a legitimate grievance with her. It would have been cheaper and smarter had Beyonce utilized conscience in the amount she later requested and actually done the video game on the initially agreed upon terms, as a jury can levy a massive financial judgment against her over this case, which could financially wipe her out.

It is also very bad PR that 70 people lost their jobs because of Beyonce's negotiation tactics in holding out for more money, outside of what was previously agreed upon. That will not sit well with a jury or the public. Once again, it would have been better had she just done the video game under the original terms, but the damage is done.

Not to mention, due to Beyonce's legal standing, a copyright infringement lawsuit would have emanated from the video game, which could be apart of the reason she backed out. Beyonce has been repeatedly sued by many around the country over copyright infringement, RICO racketeering violations, fraud and theft. What a costly mess.

STORY SOURCE

Starpower: Beyonce game lawsuit to go to court, rules judge

May 11, 2012 | By Mike Rose - A Manhattan judge has ruled that a lawsuit filed against pop star Beyonce Knowles last year by game developer Gate Five can go to court, given that Knowles did not give the company enough notice before backing out of a deal.

Gate Five formed a $20 million joint venture with Knowles' Beyonce Inc. in 2010 to develop a game titled Starpower: Beyonce. However, the developer alleges Knowles demanded more favorable compensation terms "at a crucial moment in the project's development," driving away the game's financing before pulling out of the project in breach of the original agreement.

Justice Charles Ramos has now told Knowles that she should not have so abruptly pulled out of the deal, reports the New York Post. "You continue to negotiate right up until the time you pull the plug. That is not going to work with me," he said.

Gate Five was forced to lay off 70 employees as a result of Knowles pulling out of the deal, alleges the company. The company is now seeking to recover $6.7 million in direct investment in the project, as well as over $100 million in potential profits from the title.

Knowles' lawyers say that the singer was well within her rights to pull out of the deal due to the fact that Gate Five allegedly didn't have financing in place for the title.

Friday, April 6, 2012

U.S. Economy Adds Fewer Jobs Than Expected In A Significant Slowdown

March 2012 Jobs Report Not Good

Barack Obama

The U.S. economy added 120,000 jobs last month, falling short of the projected 205,000 that was expected. The economy has slowed once again and in a very noticeable manner. This is another indicator there has been no financial recovery and changes are needed to get the nation back on solid footing. A record high number of Americans are no longer in the work force, which is not a good milestone to hit in any regard.

STORY SOURCE

US Adds 120,000 Jobs; Unemployment Falls to 8.2%

Economy Adds 120,000 - 205,000 Was Expected

Wednesday, January 18, 2012

Obama Administration Gets Bonuses While Teachers, Police Officers And Firefighters Get Laid Off

President Barack Obama and Vice President Joe Biden

Yesterday, a librarian told me of lay offs that hit the library. People that lost their jobs yesterday, after years of service, because of government cuts. I did not like this, as libraries are great and instrumental in kids and adults expanding their education. Days ago, I saw stories of police officers and firefighters losing their jobs in layoffs as well. Yet, just last week, I read of Obama Administration officials and Congress receiving raises and bonuses totaling millions in taxpayer money.

The government is mismanaging taxpayer money and funds are not reaching the people that need it most to keep the country financially afloat. Wasteful, useless government initiatives that gave billions in taxpayer money to green initiatives and other strange start ups, only for them to fail, while jobs vital to the economy, such as those of teachers, police officers and firefighters are written off in layoffs.

It is infuriating. What exactly is the government doing, because it makes no sense to people with common sense. Furthermore, if the government had not given billions in taxpayer money to green initiatives and agreed to tax increases on America's wealthiest people three years ago when the Judiciary Report suggested both items, there would be enough money to protect the aforementioned vital jobs. Now the government is resorting to laying off teachers, police and firefighters, which is unthinkable.

STORY SOURCE

Bankrupt Solyndra seeking to pay bonuses - Court’s OK sought for ‘incentive plan’

Wednesday, January 11, 2012 - Now seems an unlikely time for handing out bonuses at bankrupt Solyndra LLC, but that’s the plan of company attorneys intending to dole out up to a half-million dollars to persuade key employees to stay put. Nearly two dozen Solyndra employees could receive bonuses ranging from $10,000 to $50,000 each under a proposal filed by Solyndra’s attorneys in U.S. Bankruptcy Court in Delaware.

http://washingtontimes.com

Vermont delegation rewarded staffers with $236,830 in bonuses

Jan. 16, 2012 | - Vermont Sen. Patrick Leahy, left, gave 29 of his personal office staffers bonuses ranging from $1,500 to $5,000 last year, totaling $138,830. Sen. Bernie Sanders, right, gave $2,000 bonuses to 32 people on his personal staff, totaling $64,000. WASHINGTON — As demands for fiscal austerity dominated debate in Washington, Vermont’s three congressional lawmakers gave their staffers a combined $236,830 in bonuses last year. Many other congressional lawmakers also rewarded staffers with year-end bonuses, and the Vermont lawmakers found other ways to save. Each will return a significant amount of unspent office money — about 10 percent of their budgets — to the federal government.

http://www.burlingtonfreepress.com

Taxpayers fund more than $200,000 in bonuses for congressional staffers of the VT delegation

Posted at 3:30 pm on January 16, 2012 - Why not a membership to the jelly-of-the-month club? After all, that’s “the gift that keeps on giving!” But, no, nothing so affordable for the members of the staffs of three Vermont congressmen:

http://hotair.com

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Artificial Growth - Part 2

Artificial Growth

Friday, August 12, 2011

The U.S. Postal Service Wants To Layoff 120,000 People


The U.S. Postal Service wants to layoff up to 120,000 people, having racked up $8 billion dollars in losses for the year. This news is regrettable, as the economy cannot afford to shed anymore jobs. The agency is suffering from a number of issues, from rising gas prices to overpayment in the real estate market, in an effort to accommodate moves by employees.

As the Judiciary Report mentioned previously, the internet and emailing have taken away a lot of the Post Office's business (Postal Mail Revenue Declines) . The U.S. Postal Service has been a symbol of America for many years and one that means something to many people, who will not be happy at the news. If the agency had a very business oriented, shrewd corporate CEO, things could turn around to some degree. They need to get inventive, if they are to save the Postal Service.