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This article was published 15/7/2013 (1024 days ago), so information in it may no longer be current.
Three more seek damages over dismissals from TCIG
THREE more of a reported six former officials from Tribal Council Investment Group who were terminated when a new board of directors was installed at the end of March have gone to court seeking damages over what they claim were wrongful dismissals.
The former assistant controller, executive assistant and board chairman/paid consultant are all claiming damages from breach of contract when they were let go in April.
Two of the three had employment agreements with TCIG that had unlimited terms.
Three weeks ago, former CEO Allan McLeod initiated his own legal action seeking damages after he, too, was let go in April, a month after the new board took over.
The three claim they have severance terms in their employment agreements ranging from two years to six months. Two of the claims said those severance terms were triggered by the event of a change in the CEO.
Their tenure with the investment company, owned by the seven Manitoba tribal councils, ranged from two years to seven years. They left TCIG with annual salaries ranging from $72,000 to $105,000 according to their statements of claim.
In McLeod's statement of claim it was noted he had an employment agreement that ran until Dec. 31, 2025 and in the event of termination he is owed an amount "equal to 100 per cent of his total compensation for the remainder of the term."
McLeod has worked at TCIG since the company was founded in 1993 and had been its CEO since 2002. He was suspended in late March when a special shareholders meeting elected a new slate of directors.
New chairman of the board, Glen Hudson, the chief of Peguis First Nation, has said a strategic review is forthcoming. No details of that review or of operational changes have yet been made public.
New Flyer's big quarter
NEW Flyer Industries Inc. received new orders for the equivalent of 513 buses, including 253 firm orders and 260 options, during the second quarter -- a big increase from the same period last year.
The company, which makes transit buses at factories in Canada and the United States, received firm and option orders for only 90 equivalent units in the second quarter of 2012.
New Flyer also delivered 474 equivalent units in the second quarter ended June 30, up 33 from 441 EUs a year earlier.
The quarterly sales figures reported Monday did not include orders acquired with New Flyer's recent purchase of North American Bus Industries, which closed near the end of June.
New Flyer says NABI Bus had a total backlog of 1,579 equivalent units including 593 firm and 986 options.
At the end of June, New Flyer's backlog decreased to 7,392 EUs, down 1.8 per cent from the backlog at the end of the first quarter of this year.
New Flyer announced June 21 it was acquiring the assets of North American Bus Industries.
C-Class cars investigated
DETROIT -- U.S. safety regulators are investigating about 218,000 Mercedes C-Class luxury cars because the rear lights can fail and even catch fire.
The National Highway Traffic Safety Administration says the probe affects cars from the 2008 and 2009 model years.
The agency says it has 21 reports of the brake lights or turn-signal lights dimming or failing to light. In many cases the drivers reported a burning smell or melting of electrical parts. Some also reported smelling smoke or seeing burn marks in the trunks, and one reported small flames coming from the rear-lamp connector when the trunk was opened.
The problem hasn't caused any injuries. It normally happens in either the left or right brake or tail lights, but in some cases both sides have failed to work, the NHTSA said in documents posted Monday on its website. The agency said it opened the investigation July 11.
Investigators will look into whether the problem is widespread enough to warrant a recall.
-- From staff / news services