Feb 14, 2022 | Overtime & Wages
Wage and Hour Class Action Lawsuit Filed On Behalf Of Hourly, Non-Exempt Employees Who Work/Worked In California Chipotle Restaurants
On February 3, 2022, a class action lawsuit was filed against Chipotle Services LLC (“Chipotle”) and other defendants, as of yet unknown, in Superior Court of the State of California.
According to the complaint, the defendants implemented uniform policies and practices that deprived Plaintiffs and Class Members of earned wages, including minimum wages, straight time wages, overtime wages, premium wages, reporting time wages, lawful meal and/or rest breaks, reimbursement for necessary expenses, and timely payment of wages.
According to the complaint, hourly, non-exempt employees of Chipotle in California were harmed by the Chipotle defendants’ alleged policy of, among other things, time shaving hours worked; failing to accurately calculate all hours worked; requiring shift work in excess of five hours without a lawful meal period and, occasionally, more than 10 hours in a day without a second lawful meal period; requiring Plaintiff and Class Members to drive during work hours to other stores without reimbursement for mileage; and requiring Plaintiffs to launder and maintain their uniforms without proper reimbursement.
Chipotle Employees In California Who Believe They Have Been Harmed By Employer Wage And Hour Violations
Hourly, non-exempt Chipotle employees in California who believe they have been harmed by employer wage and hour violations are encouraged to contact Kehoe Law Firm, P.C., Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected] for a free, confidential consultation and no-obligation evaluation of potential legal claims.
Feb 14, 2022 | Shareholder Investigations
Clariant AG Investor Alert – Investors Of Clariant AG’s Securities Who Have Suffered Financial Losses Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Clariant AG (“Clariant” or the “Company”) (OTC: CLZNY).
On February 14, 2022, Reuters reported that “Clariant has delayed the release of its 2021 results as investigators probe whistleblowers’ allegations that some staff manipulated accounts in 2020 and 2021 to help meet financial targets, the Swiss specialty chemicals group said on Monday.”
On this news, shares of Clariant dropped significantly during intraday trading on February 14, 2022.
Clariant Investors Who Have Suffered Financial Losses
Investors of Clariant securities who have suffered financial losses are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kehoe Law Firm, P.C., [email protected], to discuss potential legal claims.
Feb 14, 2022 | Blog, Shareholder & Investor Protection
BlockFi Lending Inc. Agrees To Pay $100 Million In Penalties And Pursue Registration Of Its Crypto Lending Product
On February 14, 2022, the SEC announced that it charged BlockFi Lending LLC (“BlockFi”) with failing to register the offers and sales of its retail crypto lending product.
The SEC also charged BlockFi with violating the registration provisions of the Investment Company Act of 1940. To settle the SEC’s charges, BlockFi agreed to pay a $50 million penalty, cease its unregistered offers and sales of the lending product, BlockFi Interest Accounts (“BIAs”), and attempt to bring its business within the provisions of the Investment Company Act within 60 days. BlockFi’s parent company also announced that it intends to register under the Securities Act of 1933 the offer and sale of a new lending product. In parallel actions, BlockFi agreed to pay an additional $50 million in fines to 32 states to settle similar charges.
According to the SEC’s order, from March 4, 2019 until today, BlockFi offered and sold BIAs to the public. Through BIAs, investors lent crypto assets to BlockFi in exchange for the company’s promise to provide a variable monthly interest payment. The order finds that BIAs are securities under applicable law, and the company therefore was required to register its offers and sales of BIAs but failed to do so or to qualify for an exemption from SEC registration. Additionally, the order finds that BlockFi operated for more than 18 months as an unregistered investment company because it issued securities and also held more than 40 percent of its total assets, excluding cash, in investment securities, including loans of crypto assets to institutional borrowers.
The order also found that BlockFi made a false and misleading statement for more than two years on its website concerning the level of risk in its loan portfolio and lending activity.
Without admitting or denying the SEC’s findings, BlockFi agreed to a cease-and-desist order prohibiting it from violating the registration and antifraud provisions of the Securities Act and the registration provisions of the Investment Company Act. BlockFi also agreed to cease offering or selling BIAs in the United States.
