Agrochemical company Monsanto (MON) is facing a federal class-action lawsuit brought against it by two migrant farmworkers who allege the company violated the Fair Labor Standards Act and the Agricultural Workers Protection Act while they were employed in fields Monsanto owns.
"The lawsuit, which is believed to be the first of its kind, alleges that Monsanto violated the acts by failing to pay its workers the minimum wage and failing to pay its workers when compensation was due. It also alleges that Monsanto misrepresented the way the employees would be paid and failed to keep adequate payroll records," according to a report by Investigate Midwest.
The plaintiffs claim that Monsanto hired contractors to keep, hire and pay workers, but that those contractors knowingly shorted employees payments.
Shares of Monsanto closed higher on Friday.
What's Hot On TheStreet
The biggest deal-maker around strikes again: Berkshire Hathaway Energy, a division of Warren Buffett's Berkshire Hathaway Inc., (BRK.A - Get Report) (BRK.B - Get Report) , confirmed Friday that it will purchase Oncor Electric Delivery Co. LLC in a deal that values the bankrupt unit's equity at $11.25 billion. "Oncor is an excellent fit for Berkshire Hathaway, and we are pleased to make another long-term investment in Texas - when we invest in Texas, we invest big!", Buffett said in a statement. "Oncor is a great company with similar values and outstanding assets."
Clearly, Buffett is still bullish on America's future. TheStreet takes a look at the billionaire's biggest bets on America.
Who cares, Elon: Tesla (TSLA - Get Report) agreed to build the world's largest lithium-ion battery park in South Australia on Friday, signing off on a deal to finish the installation within 100 days or give it away for free. Failure to deliver the project on time would cost his company about $50 million, said CEO Elon Musk, though neither the state government nor Tesla released details of the contract.
Qualcomm battle with Apple gets even nastier: Qualcomm (QCOM - Get Report) added a couple of unexpected wrinkles into its legal salvo with Apple (AAPL - Get Report) , TheStreet's tech columnit Eric Jhonsa says. One of these wrinkles aims to neutralize some of the legal arguments Apple, as well as certain regulators, have been making against Qualcomm. The other, says Jhonsa, aims to both lower the odds of a political intervention in Apple's favor, as well as boost Qualcomm's near-term chip sales at Intel Corp.'s (INTC - Get Report) expense.
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