Contract

By Kanishka SinghWASHINGTON (Reuters) – Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday.Mark Schobinger, who was Twitter’s senior director of compensation before leaving Elon Musk’s company in May, sued Twitter in June, claiming breach of contract. Schobinger’s suit alleged that before and after billionaire Musk bought Twitter last year, it promised employees 50% of their 2022 target…

US-based Code.org has dragged Byju’s coding-for-kids business WhiteHat Jr to court for a breach of contract allegedly set off by the latter’s non-payment for a content licensing agreement between the two.Code.org is an education-related nonprofit organisation that provides K-12 computer science curriculum in school districts in the US. Its donors include Microsoft, Amazon and Google, among others, according to its website.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML…

A federal judge ruled Friday that Twitter, now known as X, breached its contract with employees when it failed to pay millions in promised bonuses last year. The company promised employees half of their potential bonuses both before and after tech billionaire Elon Musk purchased the company in 2022, but never paid, according to the suit. Mark Schobinger, then the company’s senior director of compensation, brought the lawsuit against the social media platform in June. “Once Schobinger did what Twitter…

A US federal court ruled on Friday that social media company Twitter, now branded X, violated contracts by failing to pay annual performance bonuses it orally promised its workers.The breach-of-contract lawsuit was brought by former employer Mark Schobinger in June. The lawsuit said Twitter had promised workers a 2022 performance bonus if they stayed with the company through the final possible payout date, which was the first quarter of this year. The court threw out Twitter's attempts to have the case dismissed, ruling…

Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday.Mark Schobinger, who was Twitter's senior director of compensation before leaving Elon Musk's company in May, sued Twitter in June, claiming breach of contract.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitNorthwestern…

Shohei Ohtani made this happen.Shohei Ohtani is why the Dodgers have agreed to terms with Yoshinobu Yamamoto.This wasn’t about Ohtani’s recruiting pitch to Yamamoto, who already was said to have an affinity for the Dodgers.This was about the $680-million loan Ohtani made to the Dodgers.With Ohtani practically printing money for them, the once-cautious Dodgers made a previously unthinkable move by committing $325 million over 12 years to the undersized Yamamoto.The Dodgers refused to spend that much on Gerrit Cole when…

There is an old saying in business that you need to have money to make money. The Dodgers are one of baseball’s richest teams, and thanks to the highly unusual structure of their contract with Shohei Ohtani, they are about to have, and potentially make, a whole lot more than they already do.In the week since Ohtani inked his heavily-deferred, 10-year, $700-million deal with the Dodgers, the unprecedented pact has been viewed around Major League Baseball in a number of ways.As a record-breaking contract with the biggest…

Under his contract with the Dodgers, Shohei Ohtani will have $68 million of his $70 million salary deferred each season, according to a person with knowledge of the deal unauthorized to speak publicly.That means, for the duration of his 10-year, $700 million deal, Ohtani will receive just $2 million per year, then get the rest of the money in payments to be made from 2034 to 2043.Also, because of the unique structure of the contract, Ohtani will count for about only $46 million annually against the Dodgers’ payroll for…

Microsoft has agreed to union contract language regarding its use of artificial intelligence, which should give workers a voice when challenging how the technology’s deployed, This is the first US instance of collective bargaining in Microsoft’s history and could be a huge step for those employed with the tech giant.This came to pass as part of negotiations with the Communications Workers of America (CWA) union and involves contract language that covers a few hundred staffers at which includes well-known subsidiaries…

A Durango-based electric cooperative that has vocally criticized the practices of Tri-State Generation and Transmission has filed a lawsuit accusing the utility of being “sneaky and underhanded.” The La Plata Electric Association is seeking to end its contract with the power supplier or be compensated for damages it says it has suffered. The lawsuit accuses Tri-State, a wholesale power provider, of breach of contract. The electric cooperative is among Colorado rural electric associations that have explored leaving…