McDonald’s Franchise Operator To Pay 500K In Wage Theft Settlement With New York

McDonald’s Franchise Operator To Pay 500K In Wage Theft Settlement With New York

In an agreement with the New York state Attorney General’s office, the owner of several McDonald’s locations in Manhattan will pay $500,000 to settle allegations that his company shortchanged 1,600 current and former employees at the fast food chain. [More]

Chase Stops Charging $120 Annual Fee For Balance Transfer Customers

Chase Stops Charging $120 Annual Fee For Balance Transfer Customers

We wrote in January about a new $10 per month fee that Chase was arbitrarily imposing on customers who had transferred balances to their Chase cards. Well after having a little chat with New York Attorney General Andrew Cuomo, Chase announced that they’ll stop charging this ridiculous fee and they’ll be refunding customers’ previous payments.

Merrill Lynch CEO: "Nothing Happened In The World Or The Economy" That Would Justify Suspending Bonuses

Merrill Lynch CEO: "Nothing Happened In The World Or The Economy" That Would Justify Suspending Bonuses

You know how Merrill Lynch recently lost $15 billion? Remember how we’re in a unbelievably huge global financial crisis that threatens to unravel the fabric of our economy? John Thain says that’s no reason not to pay billions of dollars in bonuses.

NY AG: Before Losing $15 Billion, Merrill Lynch Quietly Made 696 Employees Millionaires

NY AG: Before Losing $15 Billion, Merrill Lynch Quietly Made 696 Employees Millionaires

New York Attorney General Andrew Cuomo wrote a letter yesterday to Rep. Barney Frank (D-Mass.), head of the House Financial Services Committee, (which is currently holding hearings Washington on how banks are spending bailout funds.) In the letter, Cuomo expresses concern that Merrill Lynch moved up their bonus schedule so that they could make sure that taxpayers would get the bill.

Aetna Underpaid Students, Settles For $5 Million

Aetna Underpaid Students, Settles For $5 Million

If you’re a student and think Aetna underpaid the reimbursement for your out-of-network care, you may have some money coming to you. The insurer has settled for $5 million plus interest and penalties.