Latest news with #OperatingEngineers
Yahoo
3 days ago
- Business
- Yahoo
Strike idles Eastern WA, Tri-Cities construction sites as workers seek ‘fair wages'
Road projects and other construction work is halted across the Tri-Cities and beyond after the International Union of Operating Engineers Local 302 went on strike Tuesday. 'Local 302 Eastern Washington is on strike. Hope negotiations can progress so guys can get back to work for fair wages,' a member posted to the union's social media accounts Tuesday. IUOE Local 302 represents heavy equipment operators who run excavators, cranes, bulldozers and other construction gear. Workers who were not authorized to speak told the Tri-City Herald that the strike was also affecting Spokane. In the Tri-Cities, work had visibly stopped on other prominent projects. That included on Highway 240, where the state of Washington is widening a stretch of the Hanford highway to accommodate increasing traffic, particularly Hanford site commuters, and the Columbia Center Boulevard project, where the city of Kennewick is upgrading streets around the mall. Details were thin, but workers picketed some job sites in Tri-Cities on Tuesday and Wednesday. At the Horn Rapids Landfill in Richland, Apollo Inc. workers waved 'On Strike' signs to residents making dump runs. A gas collection and control system is currently under construction at the north Richland site.. The city of Richland announce Tuesday evening that work had halted on two roundabouts on Dallas Road at Badger South, near the Country Mercantile store, because of the labor dispute. Kennewick-based Goodman & Mehlenbacher Inc. or GAME Inc. is the contractor for the work to build roundabouts at Ava Way and Trowbridge. Some work is proceeding, but heavy equipment operators are not on site. Both intersections are open to regular traffic after the city previously announced road closures to accommodate road construction.. The Dallas Road work privately funded by the developer of Badger South. Even if construction is delayed, both intersections are operational, an official told the Herald. KHQ Local News reports the Washington state Department of Transportation confirmed work on its North Spokane Corridor project was halted due to the IUOE Local 302 strike. Union leadership could not be immediately reached. It has not publicly posted about the dispute. This is a breaking story and will be updated. Solve the daily Crossword
Associated Press
04-08-2025
- Business
- Associated Press
NEOG INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Neogen Corporation Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
SAN DIEGO, Aug. 04, 2025 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers of Neogen Corporation (NASDAQ: NEOG) common stock between January 5, 2023 and June 3, 2025, inclusive (the 'Class Period'), have until Tuesday, September 16, 2025 to seek appointment as lead plaintiff of the Neogen class action lawsuit. Captioned Operating Engineers Construction Industry and Miscellaneous Pension Fund v. Neogen Corporation, No. 25-cv-00802 (W.D. Mich.), the Neogen class action lawsuit charges Neogen and certain of Neogen's top executives with violations of the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Neogen class action lawsuit, please provide your information here: You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected]. CASE ALLEGATIONS: Neogen, together with its subsidiaries, engages in the development, manufacture, and marketing of various products and services dedicated to food and animal safety. According to the complaint, in December 2021, it was announced that Neogen would merge with the Food Safety Division of the 3M Company, with the deal closing in September 2022. The Neogen class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants led investors to believe that Neogen's integration with 3M was progressing much better than it actually was; and (ii) even when Neogen was forced to reveal that certain 'inefficiencies' arose as a result of the integration, defendants downplayed them and assured investors that they were fully aware and committed to resolving them quickly. The Neogen class action lawsuit further alleges that on January 10, 2025, Neogen announced its preliminary second quarter of 2025 financial results, revealing, among other things, that: (i) GAAP net income in the quarter was significantly negative due to a $461 million non-cash goodwill impairment charge related to the 3M acquisition; (ii) Neogen cut its fiscal year 2025 revenue and EBITDA guidance; and (iii) Neogen concluded that, as of November 30, 2024, Neogen had material weaknesses in its internal control over financial reporting. On this news, the price of Neogen common stock fell more than 5%, according to the complaint. Then, on April 9, 2025, the Neogen class action lawsuit alleges that Neogen announced its third quarter of 2025 financial results, reporting a loss of $11 million, or $0.05 per share, compared with a loss of $2 million, or $0.01 per share, a year earlier. Neogen further announced that revenue fell 3.4% to $221 million which had been negatively impacted by integration issues, Neogen was cutting its fiscal year 2025 revenue and EBITDA outlook, capital expenditures were expected to be $100 million as a result of lowered adjusted EBITDA and a 'pull-forward of . . . integration capex into fiscal 2025,' and that CEO, defendant John Adent, would be stepping down. On this news, the price of Neogen common stock fell 28%, according to the complaint. Finally, on June 4, 2025, Neogen revealed that it expected 'EBITDA margin to probably be around the high-teens' which represented a considerable drop from the previous quarter's profit margin of 22%, blaming the expected shortfall on 'elevated . . . inventory write-offs,' according to the complaint. The Neogen class action lawsuit alleges that on this news, the price of Neogen common stock fell more than 17%. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Neogen common stock during the Class Period to seek appointment as lead plaintiff in the Neogen class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Neogen class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Neogen class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Neogen class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 [email protected]
28-05-2025
- Business
Trump pardons a labor union leader on the eve of sentencing for failing to report gifts
WASHINGTON -- A labor union leader who pleaded guilty to failing to report gifts from an advertising firm was pardoned by President Donald Trump on the eve of his sentencing hearing Wednesday, court records show. James Callahan, of Lindenhurst, New York, was general president of the International Union of Operating Engineers when he accepted — but failed to properly report — receiving at least $315,000 in tickets to sporting events and concerts and other amenities from a company that the union used to place ads. U.S. District Judge Ana Reyes was scheduled to sentence Callahan on Wednesday. On Tuesday, however, Callahan's attorneys notified the court of Trump's 'full and unconditional' pardon and asked for the sentencing hearing to be vacated. The pardon itself doesn't specify why Trump granted him clemency. The judge is holding Callahan's sentence 'in abeyance' — a temporary state of suspension — until prosecutors file a formal request to dismiss the case, court records show. Ed Martin Jr., now the Justice Department's pardon attorney, was acting U.S. Attorney for the District of Columbia when Callahan pleaded guilty on Jan. 29 to knowingly filing false annual reports with the U.S. Labor Department. Callahan's lawyers and a spokesperson for Martin didn't immediately respond to emails seeking comment. Earlier this month, prosecutors had recommended a prison sentence of six months for Callahan, calling him "one of the most powerful union leaders in the country." They said Callahan's salary and other compensation topped $500,000 annually. Now retired and living in Florida, he has a net worth of more than $5 million, according to prosecutors. 'That the Operating Engineers were unknowingly funding Defendant Callahan's spree of pricey entertainments — a lifestyle his substantial salary could easily accommodate — is especially condemning,' they wrote. Callahan's plea agreement required him to repay the union $315,000 for the tickets and to immediately resign as union president. 'Those tickets and amenities properly belonged to the Operating Engineers, and yet Defendant Callahan used many of those tickets personally and provided other tickets to members of his family and persons who were not members of the Operating Engineers,' prosecutors wrote. The Washington-based union that Callahan led represents nearly 400,000 heavy machinery operators on construction and industrial sites throughout the U.S. and Canada.
Yahoo
28-05-2025
- Business
- Yahoo
Trump pardons a labor union leader on the eve of sentencing for failing to report gifts
WASHINGTON (AP) — A labor union leader who pleaded guilty to failing to report gifts from an advertising firm was pardoned by President Donald Trump on the eve of his sentencing hearing Wednesday, court records show. James Callahan, of Lindenhurst, New York, was general president of the International Union of Operating Engineers when he accepted — but failed to properly report — receiving at least $315,000 in tickets to sporting events and concerts and other amenities from a company that the union used to place ads. U.S. District Judge Ana Reyes was scheduled to sentence Callahan on Wednesday. On Tuesday, however, Callahan's attorneys notified the court of Trump's 'full and unconditional' pardon and asked for the sentencing hearing to be vacated. The pardon itself doesn't specify why Trump granted him clemency. The judge is holding Callahan's sentence 'in abeyance' — a temporary state of suspension — until prosecutors file a formal request to dismiss the case, court records show. Ed Martin Jr., now the Justice Department's pardon attorney, was acting U.S. Attorney for the District of Columbia when Callahan pleaded guilty on Jan. 29 to knowingly filing false annual reports with the U.S. Labor Department. Callahan's lawyers and a spokesperson for Martin didn't immediately respond to emails seeking comment. Earlier this month, prosecutors had recommended a prison sentence of six months for Callahan, calling him "one of the most powerful union leaders in the country." They said Callahan's salary and other compensation topped $500,000 annually. Now retired and living in Florida, he has a net worth of more than $5 million, according to prosecutors. 'That the Operating Engineers were unknowingly funding Defendant Callahan's spree of pricey entertainments — a lifestyle his substantial salary could easily accommodate — is especially condemning,' they wrote. Callahan's plea agreement required him to repay the union $315,000 for the tickets and to immediately resign as union president. 'Those tickets and amenities properly belonged to the Operating Engineers, and yet Defendant Callahan used many of those tickets personally and provided other tickets to members of his family and persons who were not members of the Operating Engineers,' prosecutors wrote. The Washington-based union that Callahan led represents nearly 400,000 heavy machinery operators on construction and industrial sites throughout the U.S. and Canada.
Winnipeg Free Press
28-05-2025
- Business
- Winnipeg Free Press
Trump pardons a labor union leader on the eve of sentencing for failing to report gifts
WASHINGTON (AP) — A labor union leader who pleaded guilty to failing to report gifts from an advertising firm was pardoned by President Donald Trump on the eve of his sentencing hearing Wednesday, court records show. James Callahan, of Lindenhurst, New York, was general president of the International Union of Operating Engineers when he accepted — but failed to properly report — receiving at least $315,000 in tickets to sporting events and concerts and other amenities from a company that the union used to place ads. U.S. District Judge Ana Reyes was scheduled to sentence Callahan on Wednesday. On Tuesday, however, Callahan's attorneys notified the court of Trump's 'full and unconditional' pardon and asked for the sentencing hearing to be vacated. Ed Martin Jr., now the Justice Department's pardon attorney, was acting U.S. attorney for the District of Columbia when Callahan pleaded guilty on Jan. 29 to knowingly filing false annual reports with the U.S. Labor Department. Callahan's lawyers and a spokesperson for Martin didn't immediately respond to emails seeking comment. Earlier this month, prosecutors had recommended a prison sentence of six months for Callahan, calling him 'one of the most powerful union leaders in the country.' They said Callahan's salary and other compensation topped $500,000 annually. Now retired and living in Florida, he has a net worth of more than $5 million, according to prosecutors. 'That the Operating Engineers were unknowingly funding Defendant Callahan's spree of pricey entertainments — a lifestyle his substantial salary could easily accommodate — is especially condemning,' they wrote. Callahan's plea agreement required him to repay the union $315,000 for the tickets and to immediately resign as union president. 'Those tickets and amenities properly belonged to the Operating Engineers, and yet Defendant Callahan used many of those tickets personally and provided other tickets to members of his family and persons who were not members of the Operating Engineers,' prosecutors wrote. The Washington-based union that Callahan led represents nearly 400,000 heavy machinery operators on construction and industrial sites throughout the United States and Canada.
