NJ business news: MF Global sued, Pfizer gets green light, Buffett buys IBM
MF Global Parent Sued by Former Employees Over Firings MF Global Holdings Ltd., parent of the bankrupt broker-dealer, was sued by former employees who said they were terminated without cause and seek to recover 60 days’ wages and benefits.Todd Thielmann and Pierre-Yvan Desparois filed the suit against the parent company and its finance affiliate after the liquidator of broker-dealer MF Global Inc. fired 1,066 employees last week, saying it was part of his duty to close down the firm. The plaintiffs said they sued the parent on behalf of all employees hurt by the actions of James Giddens, the trustee appointed to liquidate the broker-dealer.
Employees didn’t get 60 days’ advance written notice of the firings, as required by the Worker Adjustment and Retraining Notification Act, they said in a filing today in Manhattan bankruptcy court. Under bankruptcy law, wage claims may get priority status with a possibility of being paid in full.
“They have a chance of being deemed to be a priority claim and being paid 100 cents on the dollar, assuming there is enough to go around,” said Chip Bowles, a bankruptcy lawyer at Greenebaum Doll & McDonald PLLC in Louisville, Kentucky, who isn’t involved in the case. “The judge might tell them to go and file claims instead of suing the company.”
MF Global Holdings employed more than 2,800 people internationally, according to the lawsuit. Desparois was a vice president in credit-risk management at MF Global’s New York office, which employed 450 people, according to the filing. Thielmann worked as a floor broker at the company’s Chicago offices, which employed 600 people.
“Plaintiffs and all similarly situated employees seek to recover 60 days’ wages and benefits, pursuant to the WARN Acts, from defendants,” they said in the filing. They are asking the judge to confer class-action, or group, status on their suit.
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The New Jersey race won't get taxpayer subsidies, according to a statement from Governor Chris Christie's office. “Texas will not be paying any funds in advance of the event,” Combs said in the statement. “Only after the race occurs would any funds be
“A Christmas Carol” is coming to the Shakespeare Theatre of New Jersey, Paper Mill Playhouse is readying its production of “White Christmas,” Frosty the Snowman is coming to Pax Amicus Castle Theatre and a Christmas moose will take stage in Morristown.

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New Jersey Gov. Chris Christie, a critic of some public union benefits, has been the rare governor to spotlight the practice, telling one audience this year, "There's no way to justify paying people cash for not having been sick.
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About the Job:
Crescent Processing Company is looking for more sales reps to add to its team of over 300 people across the United States. Crescent processes credit card and other electronic payments for over 40,000 small businesses in all 48 lower states, so we need additional sales agents IN THE Newark area to help us get in front of more merchants! Here is what the job entails:
* We set 2-4 appointments for you every day, or 10-20 every week. These appointments are with businesses that have indicated they are interested in talking to someone about their payment processing needs.
* We confirm that every appointment is with the owner of the business, so you know you aren't wasting your time.
* You are equipped with a laptop computer from Crescent that has a professionally-produced company video, hosted by Terry Bradshaw that practically sells the account for you.
* You drive to every appointment set for you in your local area, open your laptop, play the video and use your support staff at corporate headquarters to help you close the sale.
* In-between appointments, you can self generate your own sales to bolster your production.
What's In It for You?
Crescent strongly believes its sales representatives play a vital role in the success of the company. We typically sign-up 1,500-2,000 new customers a month, all as a direct result of our sales reps meeting directly with the owner of the business. As a result, we reward our sales agents:
* You are paid on every new merchant you activate.
* If you run the appointments we provide you and self generate sales in-between appointments, you should earn $1,000 - $2,000 per week.
* You run appointments every day, so we pay commissions every day! That's correct. No waiting on commission checks to come in!
* On top of commissions, we pay-out monthly bonuses.
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