Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

YRC Worldwide Subsidiary Settles Two Class Action Suits - Quick Facts

RELATED NEWS
Trade YRCW now with 
6/29/2012 2:42 PM ET

YRC Freight, a part of YRC Worldwide Inc. (YRCW: Quote), said Friday it voluntarily settled two class action lawsuits alleging racial discrimination and harassment at its Chicago Ridge, Illinois terminal, which closed in 2009. The company did not divulge the financial consideration involved in the settlement.

The lawsuits were brought by a small group of former Chicago Ridge employees and the Equal Employment Opportunity Commission. The allegations date back to 2005, and were vigorously disputed by the company.

The settlements, which require court approval, do not constitute an admission of liability or wrongdoing by the company or any of its employees, the company said.

YRC Freight said it amicably settled the cases to bring the lawsuits to an end and to avoid further legal costs.

"We take any claim of harassment or discrimination very seriously," said Kelly Walls, senior vice president of Human Resources for YRC Freight.

"There may be isolated instances of improper conduct in any workplace, but the allegations in these cases did not reflect the real working environment at Chicago Ridge."

Click here to receive FREE breaking news email alerts for YRC Worldwide Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.