March 21, 1990 |
BAT Industries PLC, the British conglomerate fighting a takeover bid from Sir James Goldsmith's Hoylake Investments Ltd., today reported a 38% jump in profits during 1989. The results were helped by record earnings from the group's tobacco interests and a near doubling of profits at its financial services division. BAT said last year's net income totaled $2.07 billion, compared with $1.5 billion in 1988. The latest results included a $197-million one-time gain from restructurings.
CALIFORNIA | LOCAL
January 2, 2001
* Richard H. Savage, chairman of the board for Amwest Insurance Group Inc., has become chairman emeritus. Charles L. Schultz, a director of the company since 1995 and formerly senior vice president and chief financial officer of Farmers Insurance Group Inc., has been elected chairman of the board and interim chief executive. Chief Executive and President John E. Savage has become vice chairman of the board.
May 4, 2005 |
A federal judge has told Farmers Insurance Group Inc., the third-largest U.S. home and auto insurer, to pay $52.5 million to claims adjusters who say they were denied overtime pay. U.S. District Judge Robert E. Jones in Portland, Ore., ruled Monday that Farmers, a unit of Zurich Financial Services of Zurich, Switzerland, must pay damages averaging about $50,000 to each of the 1,039 adjusters in seven states, said N. Robert Stoll, a lawyer for the adjusters.
July 19, 2005 |
A Los Angeles County Superior Court jury has ordered Farmers Insurance Group Inc. to pay $9.9 million to two women for failing to defend them when a neighbor was injured by a garage door at their condominium complex. Retirees Linda Williams, now 65, and B.J. Walker, 80, who share a Los Angeles condo, were sued by neighbor Juanita Wasson after she fell in front of their garage in 2001 and suffered a broken hip.
May 6, 2005 |
Countrywide Financial Corp. has agreed to a $30-million settlement of a lawsuit alleging that the home loan giant failed to pay overtime to 400 employees at its Southern California call centers. The deal, tentatively approved last month by Los Angeles County Superior Court Judge Victor Person, is the latest multimillion-dollar payout in a wave of white-collar compensation suits in California, where laws governing overtime pay are tougher than in other states.
CALIFORNIA | LOCAL
May 11, 2005 |
A Thousand Oaks hospital has agreed to pay $4.75 million to settle a class action lawsuit accusing it of miscalculating overtime and not compensating hourly workers for missed rest periods and lunch breaks. The settlement by Los Robles Hospital & Medical Center will result in payments ranging from $100 to more than $25,000 to 1,116 current and former employees who worked there from October 1999 through July 2004.