It was announced yesterday that local firm Budco Holdings Inc. is being acquired by Glencoe Capital. Terms of the acquisition were not announced Monday, when news of the deal was made public.
Detroit casino's contract proposal accepted
For companies both big and small, a contract dispute can put a kink in the profitability and effectiveness of the company, especially if there is a threat of an employee strike.
Wrongful discharge suit targets business, city and councilwoman
Allegations of wrongful discharge can have a negative impact on the reputation of a business and ultimately affect its productivity. In a recent case, an employee of a substance abuse center sued the center, a councilwoman and the city of Detroit after being fired.
Airport Authority CEO accuses board of illegal meeting
The former chief executive officer of the Wayne County Airport Authority in Michigan is claiming fellow members of the Airport Authority broke the law when they held a session behind closed doors, which is a direct violation of the Open Meetings Act. But a news report points out their actions may have been legal after all and the CEO's claims could have little merit.
Scandal over firings related to airport CEO continues to grow
Recently, the former CEO of the Detroit Metropolitan Airport was fired and then sued the board that dismissed her, alleging that she was wrongfully discharged. Now, she herself is being sued by a former employee who worked for her in a previous position with Wayne County. Like the former CEO, this employee is claiming wrongful discharge. The man alleges that he would not make a suspicious transaction and so was unjustly fired for refusing to comply, which cost him his six-figure salary and high-ranking position as senior project manager.
