Oct 5 2010

Schwarzenegger’s Plan to Furlough Workers Upheld By California High Court

The California Supreme Court handed Gov. Arnold Schwarzenegger a victory Monday, upholding his decision to order more than 200,000 state employees to take unpaid days off to help deal with an enormous budget deficit. The unanimous decision shoots down more than 30 lawsuits filed by unions and others challenging the unpaid furloughs, The Los Angeles [...]


Sep 8 2010

Creditors Want Award Against Goldman Upheld

The legal sparring between Goldman Sachs and the unsecured creditors of the Bayou Group escalated late Wednesday, when the creditors asked a federal court to uphold a big award against the firm and remove seal that has been placed on the case. In June, Goldman was ordered to pay $20.6 million, the largest arbitration award [...]