The company formerly known as Blackwater (now renamed Xe Services) has agreed to pay $42 million in fines, thereby avoiding criminal charges for the hundreds of alleged export violations it committed as a leading private contractor in Iraq and Afghanistan.
Former reporters from the L.A. Times and at least one current star columnist have filed a class-action suit against Sam Zell. The billionaire’s reign over the paper beginning in late 2007 has not been pretty, and the lawsuit contends that recent violations of federal financial rules have “diminished the value of the employee-owned company to benefit himself and his fellow board members.”
Wal-Mart may be fined by a Minnesota judge for violating the state’s employment laws. The fines are for ‘‘contractual violations,” a fancy way of saying that Wal-Mart denied rest breaks to workers at least 1.5 million times.