Archives for March 2021

Governor Newsom Signs New COVID-19 Supplemental Paid Sick Leave Bill

On March 19, 2021, Governor Newsom signed the COVID-19 Supplemental Paid Sick Leave Bill (SB 95) into law, ensuring further protections for employees who are forced to take COVID-19 related leave. With the expiration of the Emergency Paid Sick Leave Act at the end of 2020, California workers were again forced to choose between their wages or their health. Now, California employers (defined as those who employ more than 25 employees) must provide up to 2 weeks of fully paid sick leave (up to $511 /day) when the employee cannot work or telework for the following reasons:

  • The employee is subject to a quarantine or isolation period related to COVID-19 as defined by the State Department of Public Health, the CDC, or a local health officer who has jurisdiction over the workplace;
  • The employee has been advised by a healthcare provider to self-quarantine due to concerns related to COVID-19;
  • The employee is attending an appointment to receive a COVID-19 vaccine;
  • The employee is experiencing symptoms related to COVID-19 and seeking a medical diagnosis;
  • The employee is caring for a family member who was instructed by the State Department of Public Health, the CDC, a local health officer, or a healthcare provider to self-quarantine or isolate due to COVID-19;
  • The employee is caring for a child whose school or place of care is closed or otherwise unavailable for reasons related to COVID-19 on the premises.

Although the law takes effect on March 29, 2021, the law will apply retroactively, meaning an employee can request sick leave pay for leave taken for any of the above reasons after January 1, 2021. For example, if you took leave in early January because your healthcare provider advised to self-quarantine due to COVID-19 exposure, you can now ask your employer to pay for up to 2 weeks of leave.

Generally, full time employees may receive up to 80 hours of COVID-19 supplemental paid sick leave, while part-time employees may receive an amount of leave correlating with the number of hours the employee regularly works over 2 weeks. If an employee requests retroactive sick leave pay, the employer must pay the employee during the employee’s next pay period. Additionally, an employer generally cannot require the employee to use other paid or unpaid leave, paid time off, or vacation time before the employee uses COVID-19 supplemental paid leave. The labor commissioner must enforce this supplemental paid sick leave in the same manner it enforces “paid sick days,” “paid sick leave,” or “sick leave’ under existing law.

This law, which will remain in effect until September 30, 2021, ensures full protection for California Workers through the seemingly short remainder of the COVID-19 pandemic.

Haeggquist & Eck, LLP Is Investigating Claims Against Encore Capital Group, Inc.’s Directors and Officers for Breach of Fiduciary Duty

San Diego – (Businesswire): Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Encore Capital Group, Inc. (“Encore”) (NASDAQ:ECPG) breached their fiduciary duties to Encore and its shareholders. If you are an Encore shareholder, you are encouraged to contact Amber Eck at Haeggquist & Eck for additional information.

Encore, headquartered in San Diego, and its subsidiaries are the largest publicly traded debt buyer by revenue in the United States. Haeggquist & Eck is investigating whether members of Encore’s Board of Directors failed to manage Encore in an acceptable manner, in breach of their fiduciary duties to Encore, and whether Encore has suffered damages as a result.

On September 8, 2020, the Consumer Financial Protection Bureau (“CFPB”) filed a complaint alleging that Encore and its subsidiaries violated a consent order “by suing consumers without possessing required documentation, using law firms and an internal legal department to engage in collection efforts without providing required disclosures, and failing to provide consumers with required loan documentation after consumers requested it.” On this news, Encore shares fell $3.59 per share, or nearly 10%, to close at $42.29.

Then, on October 15, 2020, Encore announced that it had paid $15 million to settle the CFPB complaint. On this news, the company’s stock dropped again.

What You Can Do

If you are an Encore shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost or obligation to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.

This release constitutes attorney advertising. Past results do not guarantee a similar outcome.

Contact:

Haeggquist & Eck, LLP

619-342-8000

Amber Eck, ambere@haelaw.com

Haeggquist & Eck, LLP Is Investigating Claims Against GUESS?, Inc.’s Directors and Officers for Breach of Fiduciary Duty

San Diego – (Businesswire): Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of GUESS?, Inc. (“GUESS”) (NYSE:GES) breached their fiduciary duties to GUESS and its shareholders. If you are a GUESS shareholder, you are encouraged to contact Amber Eck at Haeggquist & Eck for additional information.

GUESS designs, markets, distributes, and licenses apparel and accessories for men, women, and children. Haeggquist & Eck is investigating whether members of GUESS’s board of directors or senior management failed to manage GUESS in an acceptable manner, in breach of their fiduciary duties to GUESS, and whether GUESS has suffered damages as a result.

On January 19, 2021, a fashion model filed a complaint against GUESS and its co-founder and director Paul Marciano, alleging that “GUESS has known for over a decade that Paul Marciano is a recidivist sexual predator, and has chosen to harbor and enable him as he devastates women’s lives. Instead of listening to at least seven women who went on the record against its Founder, Board member and Chief Creative Officer, GUESS has kept Marciano at its helm, allowing him to continue to use his prestigious position to lure and sexually assault more young female models.”

The complaint, Jane Doe v. Paul Marciano, GUESS?, Inc., et al., alleges that “GUESS has been on notice since at least 2009 that Marciano sexually harasses and assaults female models,” that Marciano was sued in 2009 by a model, and GUESS “publicly settled five more sexual assault claims against him in 2018 for $500,000.”

What You Can Do

If you are a GUESS shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost or obligation to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.

This release constitutes attorney advertising. Past results do not guarantee a similar outcome.

Contact:

Haeggquist & Eck, LLP

619-342-8000

Amber Eck, ambere@haelaw.com

Haeggquist & Eck, LLP Is Investigating Claims Against Stifel Financial Corp.’s Directors and Officers for Breach of Fiduciary Duty

San Diego – (Businesswire): Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Stifel Financial Corp. (“Stifel”) (NYSE:SF) breached their fiduciary duties to Stifel and its shareholders. If you are a Stifel shareholder, you are encouraged to contact Amber Eck at Haeggquist & Eck for additional information.

Stifel is a financial services and bank holding company. Haeggquist & Eck is investigating whether members of Stifel’s board of directors or senior management failed to manage Stifel in an acceptable manner, in breach of their fiduciary duties to Stifel, and whether Stifel has suffered damages as a result.

On January 5, 2021, a registered client services associate filed a lawsuit against a subsidiary of Stifel, alleging sexual assault and harassment by one of Stifel’s leading senior investment managers seeking injunctive, declaratory, and monetary relief. Specifically, Patricia Olivieri alleged that senior investment manager Neil Isler had “subjected” her to “egregious sexual assault and harassment,” including placing “the palm of his hand on her buttocks without her consent.”

According to the complaint, Olivieri reported Isler’s conduct to Stifel management but the firm “refused to take the matter seriously, failed to conduct a legitimate investigation and took measures only to protect Mr. Isler . . . and shield the Company from potential exposure in litigation.” The complaint was filed in the U.S. District Court for the Eastern District of New York in Central Islip.

What You Can Do

If you are a Stifel shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost or obligation to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.

This release constitutes attorney advertising. Past results do not guarantee a similar outcome.

Contact:

Haeggquist & Eck, LLP

619-342-8000

Amber Eck, ambere@haelaw.com

Haeggquist & Eck, LLP Is Investigating Claims Against Apollo Global Management, Inc.’s Directors and Officers for Breach of Fiduciary Duty

San Diego – (Businesswire): Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Apollo Global Management, Inc. (“Apollo”) (NYSE: APO) breached their fiduciary duties to Apollo and its shareholders. If you are an Apollo shareholder, you are encouraged to contact Amber Eck at Haeggquist & Eck for additional information.

Haeggquist & Eck is investigating whether members of Apollo’s Board of Directors failed to manage Apollo in an acceptable manner, in breach of their fiduciary duties to Apollo, and whether Apollo has suffered damages as a result.

Apollo is a global alternative investment management firm specializing in investing across credit, private equity, and real assets. Companies Apollo has an investment in include ADT, CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, and Smart & Final. Apollo was founded in 1990 by Leon Black and others, and is headquartered in New York City, with offices across North America, Europe, and Asia.

On October 12, 2020, The New York Times reported that Apollo’s CEO, Leon Black, had misrepresented to Apollo investors the extent of his relationship with convicted sex offender Jeffrey Epstein, who was indicted in 2019 on federal sex-trafficking charges involving underage girls. Apollo CEO Black paid Epstein at least $50 million in the years after Epstein was convicted in 2008 of soliciting prostitution from a teenage girl, according to The Times.

On January 25, 2021, Apollo announced that Leon Black would step down as CEO but would remain on the Board.

What You Can Do

If you are an Apollo shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost or obligation to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.

This release constitutes attorney advertising. Past results do not guarantee a similar outcome.

Contact:

Haeggquist & Eck, LLP

619-342-8000

Amber Eck, ambere@haelaw.com

Haeggquist & Eck, LLP Is Investigating Claims Against Directors and Officers of Tapestry, Inc., Owner of Coach, Kate Spade, and Stuart Weitzman

San Diego – (Businesswire): Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Tapestry, Inc. (“Tapestry”) (NYSE: TPR) breached their fiduciary duties to Tapestry and its shareholders. If you are a Tapestry shareholder, you are encouraged to contact Amber Eck at Haeggquist https://haelaw.com& Eck for additional information.

Tapestry is an international luxury fashion and accessory company, which owns the Coach, Kate Spade, and Stuart Weitzman brands. Haeggquist & Eck (HAE) is investigating whether members of Tapestry’s Board of Directors or senior management failed to manage Tapestry in an acceptable manner, in breach of their fiduciary duties to Tapestry, and whether Tapestry has suffered damages as a result.

Specifically, HAE is investigating whether the Board breached its fiduciary duties by failing to conduct proper due diligence when it promoted Jide Zeitlin to Chair, then to CEO, and whether it fully explored allegations against him regarding past questionable business practices and misconduct relating to a past relationship.

As journalist William Cohan detailed in a ProPublica article published after Zeitlin’s resignation, Zeitlin had, over ten years ago, induced women into doing sometimes nude photography sessions with him by posing as a photographer under an alias. With one of these women, he eventually conducted a sexual affair and admitted to her that he had been using a pseudonym when he first met her and convinced her to take pictures.

In addition, HAE is investigating whether the Board breached its fiduciary duties by ignoring or failing to monitor with respect to sexual harassment at Stuart Weitzman and then retaliating against an employee for reporting the sexual harassment.

What You Can Do

If you are a Tapestry shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about your legal rights, please contact attorney Amber Eck at 619-342-8000 or ambere@haelaw.com. There is no cost or obligation to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.

Contact:

Haeggquist & Eck, LLP

619-342-8000

Amber Eck, ambere@haelaw.com

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