Musk’s X Corp wins spat with former employees over arbitration fees

Share via:



X Corp cannot be forced to cover the upfront fees of arbitrating a series of legal disputes by former employees who lost their jobs after Elon Musk acquired the social media company, a US appeals court ruled on Tuesday.

A panel of the New York-based 2nd US Circuit Court of Appeals said an arbitration firm must decide if X should pay the fees or the company can split them with the seven former workers who claim X is attempting to derail their cases.

By opting to go through arbitration, the workers forfeited the ability to have federal courts resolve…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Musk’s X Corp wins spat with former employees over arbitration fees



X Corp cannot be forced to cover the upfront fees of arbitrating a series of legal disputes by former employees who lost their jobs after Elon Musk acquired the social media company, a US appeals court ruled on Tuesday.

A panel of the New York-based 2nd US Circuit Court of Appeals said an arbitration firm must decide if X should pay the fees or the company can split them with the seven former workers who claim X is attempting to derail their cases.

By opting to go through arbitration, the workers forfeited the ability to have federal courts resolve…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Moore Threads unveils next-gen gaming GPU with 15x performance...

Chinese GPU maker Moore Threads just held its MUSA...

4 top new shows I’d stream this week on...

With Christmas lights glowing and celebrations filling your calendar,...

The U.S. Could Ban Chinese-Made Drones Used By Police...

Tuesday the White House faces a deadline to...

Popular