India likes to do things differently. While the world has been struggling to get back on its feet after US President Donald Trump pulled the rug from underneath, with his reciprocal tariffs announcement, some nations, like China and Canada retaliated shortly after, with tit-for-tat tariffs. While China countered the US' 34 per cent with the same figure, Canada mirrored the US by announcing a 45 per cent levy on the automobile sector. Several other nations reached out to Washington in order to renegotiate its own tariffs in order to evade Trump's reciprocal move. India took a different route. It said it will not retaliate to US' 26 per cent tariff announcement, nor will it reduce the tariffs it already imposes on America. Instead, New Delhi reportedly plans to absorb, adjust, and rework the trading dynamic in a way that President Trump's reciprocal tariffs will have a minimal impact on Indian exporters. At the same time, both nations are accelerating trade talks to put ...
Billionaire Elon Musk's X, the social media formerly known as Twitter, is facing 2,200 arbitration claims from ex-employees since Mr. Musk took over the company and fired most of its workforce. The filing fees alone for that volume of cases could amount to $3.5 million.
The lawsuit was filed in a Delaware district court, according to CNBC. The case is Chris Woodfield v. Twitter, X Corp. and Elon Musk (No. 1:23-cv-780-CFC).
A former employee, Woodfield, a former senior staff network engineer who had worked at Twitter's Seattle office in his suit said that Twitter had promised then failed to pay his severance, and later delayed alternative dispute resolution by failing to pay the necessary fees required for him to move ahead in the JAMS arbitration system, CNBC reported.
According to the website for JAMS, "For two-party matters, the Filing Fee is $2,000," and "For matters based on a clause or agreement that is required as a condition of employment, the employee is only required to pay $400."
Since JAMS decided that this basic fee applies across the board to X's 2,200 arbitration cases, that would amount to around $3.5 million, with other fees possibly to follow.
However, the company's lawyers have argued that it did not mandate its employees to resolve any issues in arbitration, so it should not be on the hook for the larger portion of the filing fees.
Meanwhile, Mr. Woodfield and others in a similar situation are trying to get out of arbitration and move their cases to trial.
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