The temporary shutdown of the car dealership management system CDK following cyberattacks complicates life for auto retailers’ finance and insurance offices. However, it’s not insurmountable, according to experts.
Two California-based Disney employees are suing the company, alleging misrepresentation of a project that led them to follow work to Orlando, just to move back two years later when the project failed.
A $1 billion office space at Lake Nona was touted to bring 2,000 new jobs to the area, but Disney scuttled the campus last year amid the political feud between the company and Gov. Ron DeSantis.
According to a lawsuit filed Tuesday in Los Angeles County Superior Court, the two employees were among at least 250 others who thought Disney would fire them if they didn’t make the move. The suit says the worker group was “fraudulently induced” to move, and seeks class-action status on their behalf.
The complaint was filed by attorney Jason S. Lohr of the San Francisco law firm, Lohr Ripamonti & Segarich.
Lohr said that because Maria De La Cruz and George Fong, the two employees filing, still work for Disney, they would not participate in interviews. Disney did not respond immediately to a request for comment.
Penguin Trek, an indoor-outdoor roller coaster at SeaWorld Orlando, will officially open to the public on July 7, the theme park announced Thursday.
The attraction, which has snowmobile-styled ride cars, will go up to 43 mph across more than 3,000 feet of track and have two launch sequences. There will be a 42-inch height requirement for passengers.
Penguin Trek is located in the Antarctica Realm within the park, and it is built in the approximate location of the former Empire of the Penguin dark-ride attraction. Riders again will exit past a real-life penguin habitat, where they can see the animals above and below the surface of water.
“Penguin Trek offers a unique blend of thrills and education, allowing guests to immerse themselves in the wonders of Antarctica while highlighting our dedication to wildlife preservation and family-friendly fun,” Jon Peterson, president of SeaWorld Orlando, said in a news release.
SeaWorld’s pass members will have exclusive access to the coaster, manufactured by Bolliger & Mabillard, with special ride times starting July 2, nearly a week before its grand opening.
By HALELUYA HADERO (AP Business Writer)
TikTok disclosed a letter Thursday that accused the Biden administration of engaging in “political demagoguery” during high-stakes negotiations between the government and the company as it sought to relieve concerns about its presence in the U.S.
The letter — sent to David Newman, a top official in the Justice Department’s national security division, before President Biden signed the potential TikTok ban into law — was submitted in federal court along with a legal brief supporting the company’s lawsuit against measure. TikTok’s Beijing-based parent company ByteDance is also a plaintiff in the lawsuit, which is expected to be one of the biggest legal battles in tech and internet history.
The internal documents provide details about negotiations between TikTok and the Committee on Foreign Investment in the United States, a secretive inter-agency panel that investigates corporate deals over national security concerns, between January 2021 and August 2022.
By MAE ANDERSON (AP Business Writer)
NEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper.
The ERC was designed to help businesses retain employees during pandemic-era shutdowns, but it quickly became a magnet for fraud. Its complex eligibility rules allowed scammers to target small businesses, offering help applying for the ERC for a fee — even if they didn’t qualify.
About 10% to 20% of the 1 million claims show “clear signs of being erroneous” and tens of thousands of those will be denied in coming weeks, the IRS said. Another 60% to 70% show an “unacceptable risk” of being improper and will be further evaluated.
“The completion of this review provided the IRS with new insight into risky Employee Retention Credit activity and confirmed widespread concerns about a large number of improper claims,” said IRS Commissioner Danny Werfel. “We will now use this information to deny billions of dollars in clearly improper claims and begin additional work to issue payments to help taxpayers without any red flags on their claims.”