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DOJ Extends Review of Whirlpool's Proposed Maytag Acquisition
The U.S. Justice Department will extend its review of Whirlpool Corp.'s proposed $1.79 billion acquisition of rival appliance-maker Maytag Corp., the companies say. Whirlpool and Maytag said Monday that they will not close the deal until March 30 without Justice Department approval. Combining the competing appliance makers would create a market giant producing half of the nation's dishwashers and more than 70 percent of its clothes washers and dryers.Maytag Agrees to Whirlpool Union
After agreeing three months ago to a scratch-and-dent sale to a buyout firm, the board of directors at Maytag Corp. flip-flopped Friday backing an offer from rival Whirlpool Corp., which has sweetened its bid three times to a top-dollar takeout valued at $2.7 billion. According to terms, Benton Harbor, Mich.-based Whirlpool will pay $1.7 billion in equal amounts of cash and stock for Maytag, as well as assuming $977 million of Maytag's debt.The Sixth Circuit caught flack from tort reformers six months ago for green-lighting class claims over mold-ridden Whirlpool washing machines. Now the Seventh Circuit has given class action critics more to stew over in a parallel case against Sears--and possibly complicated efforts by Whirlpool's lawyers at Mayer Brown to win Supreme Court relief.
Whirlpool: Race Discrimination Lawsuit With a Rare Twist
In a rare move, lawyers suing Whirlpool Corp. over allegations of race discrimination have amended the complaint to combine white and African-American defendants -- a first according to plaintiffs lawyers. Although whites are not the primary targets of the alleged racial abuse at the Whirlpool plant in LaVergne, Tenn., they allege that they have been subjected to a hostile work environment where supervisors allowed racial epithets and offensive graffiti to run rampant.Whirlpool Employees Claim Racial Discrimination in Lawsuit
Fifteen black employees at a Whirlpool Corp. factory are moving ahead with a two-year-old federal lawsuit, after meditation talks failed to resolve claims they have been passed over for promotions and subjected to racial discrimination. A dozen white workers at the same factory have come forward to corroborate their claims, attorneys representing the black workers said Wednesday.Labor Department, Whirlpool Settle Discrimination Claims
The Labor Department announced Wednesday that Whirlpool Corp. has agreed to pay $850,000 to settle claims of hiring discrimination involving 800 black job applicants. The consent decree settles the department's allegations that the company engaged in hiring discrimination from March 1997 to February 1998 at a Tulsa, Okla., manufacturing plant.Despite instructions from the U.S. Supreme Court to reconsider its earlier ruling, the U.S. Court of Appeals for the Sixth Circuit on Thursday certified—for the second time in two years—a consumer class action against Whirlpool Corp.
White Employees Join Discrimination Lawsuit Against Whirlpool
Ten white employees at a Whirlpool Corp. factory have joined a $50 million federal lawsuit alleging racial discrimination against blacks at the plant. The suit against the La Vergne, Tenn., plant and its local union was first filed in 2003 by 15 black employees. The case went to mediation, but those talks broke down in July. An amended complaint Thursday says the white employees can attest "to an environment permeated with racial hatred, slurs, epithets and stereotypes."Judge Finds Efficiency in Class Certification for Suit Against Sears
In a concise eight-page decision issued on Nov. 13, Judge Richard Posner U.S. Court of Appeals for the Seventh Circuit overturned a decision denying class certification in a moldy washer case against Sears Roebuck & Co., which sells Whirlpool machines.White Employees Join Discrimination Lawsuit Against Whirlpool
Ten white employees at a Whirlpool Corp. factory have joined a $50 million federal lawsuit alleging racial discrimination against blacks at the plant. The suit against the La Vergne, Tenn., plant and its local union was first filed in 2003 by 15 black employees. The case went to mediation, but those talks broke down in July. An amended complaint Thursday says the white employees can attest "to an environment permeated with racial hatred, slurs, epithets and stereotypes."Trending Stories
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