Labor Department News Releases Update

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11/29/2012 03:00 PM EST

The U.S. Department of Labor has filed a lawsuit against The Christmas Light Co. Inc. and owner William F. Rathburn to recover approximately $240,881 in wages and an additional amount in liquidated damages on behalf of 233 employers who installed and removed lights for the company. An investigation in Dallas by the department’s Wage and Hour Division found that the company violated the Fair Labor Standards Act by failing to pay 233 installers and removers the minimum and overtime wages required by law.
11/29/2012 03:00 PM EST

Secretary of Labor Hilda L. Solis today issued the following statement regarding the tragic fire in Bangladesh:
11/29/2012 02:00 PM EST

The U.S. Department of Labor’s Mine Safety and Health Administration today announced that federal inspectors issued 210 citations and 14 orders during special impact inspections conducted at nine coal mines and five metal/nonmetal mines last month.
11/29/2012 11:00 AM EST

The U.S. Department of Labor has filed a lawsuit to recover losses suffered by participants in the Maran Inc. Employee Stock Ownership Plan after the plan was allowed to purchase overvalued company stock. The suit names as a defendant First Bankers Trust Services Inc., which was hired as an independent fiduciary and trustee in connection with the company’s ESOP to determine whether, and at what price, to purchase shares of Maran Inc. from majority shareholders. The ESOP is also a defendant.
11/29/2012 08:30 AM EST

In the week ending November 24, the advance figure for seasonally adjusted initial claims was 393,000, a decrease of 23,000 from the previous week's revised figure of 416,000. The 4-week moving average was 405,250, an increase of 7,500 from the previous week's revised average of 397,750.