August 15, 2013 |
Gov. Jerry Brown, his investigative panel and a San Francisco Superior Court judge appear to be of one mind: A renewed strike against the Bay Area Rapid Transit District would jeopardize and harm the public's health, safety and welfare. Thus, the court ordered a 60-day injunction against a strike, as provided for by California labor law, until midnight Oct. 10. In most public transit labor disputes, unless binding arbitration is substituted for the injunction, state intervention is unlikely to solve the deeper problems and may only put off an eventual work stoppage.
July 11, 2013 |
It appears as though the Kings got something of a bargain with goalie Jonathan Quick's contract last summer. Quick, the playoff MVP in the Kings' run to the Stanley Cup in 2012, signed a 10-year extension worth $58 million, meaning his cap hit will be $5.8 million for the 2013-14 season. On Wednesday, the Stanley Cup finalist Boston Bruins announced that they had signed their free-agent goalie Tuukka Rask to an eight-year contract worth $56 million. Rask recorded three shutouts in the Bruins' playoff run and 19 wins in 36 games during the regular season.
May 23, 2013 |
PARIS -- Christine Lagarde, the head of the International Monetary Fund, was questioned by a judge Thursday over her role in a $366-million payout to a businessman supporter of former French President Nicolas Sarkozy. Lagarde appeared in a Paris court to answer questions over her decision in 2007, when she was France's finance minister, to refer a long-running legal dispute between the state and businessman Bernard Tapie to arbitration, which led to the massive out-of-court settlement.
March 26, 2013 |
NEW YORK - The legal fallout from Facebook Inc.'s botched initial public offering last year isn't over, although regulators approved the $62-million plan by Nasdaq OMX Group Inc. to repay brokerages that lost money in the debacle. The U.S. Securities and Exchange Commission's approval Monday does not stop the government or other parties from taking further legal action against Nasdaq for losses suffered in the Facebook IPO fiasco in May. Swiss banking giant UBS, for one, tallied its losses at $357 million and wants more money back than the settlement could offer.
March 26, 2013 |
PHOENIX - In a story that ran in the Tuesday edition of The Times , I wrote about how the service time Yasiel Puig accrues this season could determine when he becomes a free agent. If he spends 20 or more days in the minor leagues, the Dodgers will be able to hold onto their prized Cuban outfielder for an extra year, because an extended stay in the minors makes him eligible for free agency after the 2019 season rather than the 2018 season. Less of an issue, but an issue nonetheless, is a clause in Puig's contract that allows him to opt out of the seven-year, $42-million deal if he accrues enough service time.
CALIFORNIA | LOCAL
March 18, 2013 |
Fiona Henlon still relives the shock of the letter that arrived three years ago. Citing a breakdown in its payroll system, Los Angeles County health officials explained that they had mistakenly paid the registered nurse an extra $6,200 over a two-year period. And the government was demanding the money back. Henlon, 45, said she hadn't realized that she'd received the added money because she has no set schedule and her paychecks fluctuate. "It is unfair," she said. "They made an error, and we are going to suffer for it. " Henlon is one of roughly 600 relief nurses used to fill county hospital staffing gaps who officials now say must repay a total of $1.8 million.