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On Tuesday, Yellow sued the Worldwide Brotherhood of Teamsters for blocking the company’s restructuring strategy and accused the union of triggering much more than $137 million in damages.
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At Workhorse, Mr. Burns arrived up with an idea for an electric pickup truck but lacked the resources to provide it. He observed a possibility when G.M. declared that it was closing the Lordstown plant.
Attorney Rodney L. Drinnon is a skilled litigator who handles complicated civil litigation in scenarios in both of those federal & condition courts and he is a spouse within the McCathern Houston Place of work. He has served because the guide trial lawyer on issues ranging from antitrust actions, contested company Manage disputes, director and officer legal responsibility, agreement disputes, employment issues (such as misappropriation of trade insider secrets, restrictive covenants, and Section of Labor investigations), insurance policies protection questions, and oil and fuel litigation.
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Lordstown experienced hoped to provide an progressive truck with electric motors on Each and every of its wheel hubs, but struggled to turn its strategy into a vehicle that it could mass develop.
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Although the truck was plagued with challenges. 1 test motor vehicle caught fireplace in Michigan. Creation ultimately begun final 12 months, but only 31 vans were in-built the final three months of 2022.
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When you can find prospective problems as additional companies look at "more substantial and a lot more sophisticated mixtures," the consultancy said it anticipates a lot more offers during the second 50 % of 2023 and into 2024.
Nearly all my work helps little business owners and corporations function try this site by hard financial occasions, by restructuring debts and reorganizing operations, possibly in or outside the bankruptcy procedure.