Monday, January 22, 2007

MSI Class Action Lawsuit, Thinkpartnership Class Action Lawsuit

Class Action One
At this point is has occurred to all of us that THK "fiddled" with their SEC filings. Certainly ThinkPartnership has a class action lawsuit waiting for them or penalties from the SEC.

Class Action Two
MSI Employees involved in that last round of lawsuits have a small class action lawsuit against MSI MSA Thinkpartnership. Some former employees have indicated it was a WARN Act violation. But it isn't because there where not more than 50 employees laid off at one shot. But it turns out NC takes a very dim view of unprepared mass layoffs regardless of the number involved. Usually charging MSI MSA Thinkpartnership with a penalty rewarding each laid off employee with 60 days pay.

Class Action Three
Turns out most MSI employee have non-compete agreement that equals coerced employment sort of like a type of slavery because they waited until employees where already working before insisting they sign a non-compete or loose their job on the spot. NC courts really hate coerced employment - see it is an "at-will-work state" and this interferes with the "will" part. Yet another class action for Thinkpartnership

Class Action Four
Former MSI clients. WOW. So you signed a 50K contract they spent 25 K before firing you as a client and never showed you any results. Now they are going to do you a big favor and rip up your contract. It is time to sue. MSI used to be Websourced and Keywordranking who both had class actions against them. Thinkpartnership chose to settle.

2 comments:

MinnesotaSlim said...

Class Action Suit #1.

No merit to this claim. The restatement was done to correct some of the assumptions WBS/MSI was using to report revenue. When it was restated, it was done in a more conservative manner, which is the way the SEC likes to see it.

Anonymous said...

I would not wish to develop this theme.