Legislative, Regulatory & Legal

Walmart plans to stop selling certain types of assault and sporting rifles, the company said on Wednesday.

“There wasn’t a whole lot of demand for those products so we replaced them with products we have seen customers coming into purchase it," Walmart spokesman Kory Lundberg told Fortune. 

The move comes as the largest seller of guns and ammunition in the U.S. has been a large part of the national gun debate following recent shootings.

Chicago -- The nation’s finance chiefs have a lot on their minds these days, from uncertainty in the U.S. economy to cybersecurity to regulatory and compliance issues. Another big concern: Congressional dysfunction around tax reform.

Imagine this scenario: You’ve worked hard to build a profitable business and you’ve done it the right way. You’ve taken every step to control the things you can control about every aspect of your company. You’ve got handbook policies regarding equal employment opportunity and prohibiting discrimination or harassment on any basis, and you have a diverse workforce that evidences your commitment to equal opportunity.

New York -- Coming soon: a theatrical spin on the drama surrounding American Apparel and its controversial founder and ousted CEO Dov Charney.

The play, entitled “Unseamly,” is due to make its off-Broadway debut on October 8, at the Urban Stages theatre. The drama, which first ran in Montreal in 2014, was written by Oren Safdie a first cousin of Charney. (Safdie has had several plays produced off-Broadway).

Target Corp. has agreed to pay $2.8 million to resolve a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission.

New York -- Target Corp. has agreed to pay $2.8 million to resolve a hiring discrimination claim filed by the U.S. Equal Employment Opportunity Commission.
 
The EEOC said three "employment assessments," which Target no longer uses, disproportionately screened out applicants based on race and gender, according to the Associated Press, and therefore violated Title VII of the Civil Rights Act of 1964.

Proposed changes to overtime exemptions could make store managers eligible

The Department of Labor’s long-awaited proposed revisions to the “white collar” overtime exemptions are finally here — at least, in part. On June 30, 2015, the DOL unveiled its proposed revisions to the required salary levels for many of the “white collar” exemptions to the FLSA’s overtime requirements.

Issaquah, Wash. — A consumer lawsuit reportedly accuses Costco of knowingly purchasing shrimp from Thai providers that use slave labor and then misleading the public about the practice. According to the Puget Sound Business Journal, a California woman filed the suit in San Francisco federal court.

Grand Rapids, Mich. – A rival Midwestern grocery chain is reportedly accusing regional mass merchandiser Meijer Inc. of offering unfairly low prices on grocery products. According to the Milwaukee Business Journal, Milwaukee-based law firm Gonzalez Saggio & Harlan has filed five complaints against Meijer from an unnamed client who is grocer with stores in Wisconsin.

Lumber Liquidators has hired a new executive to help it fight off an avalanche of legal troubles that has hammered the flooring retailer.