8.8 C
Hamburg
Wednesday, February 21, 2024
Home News ILWU, ICTSI Oregon reach agreement to settle all legal disputes

ILWU, ICTSI Oregon reach agreement to settle all legal disputes

The International Longshore and Warehouse Union (ILWU) and ICTSI Oregon have jointly announced the resolution of all legal disputes.

According to a statement, this settlement brings an end to ICTSI's claims against ILWU in the prolonged litigation known as ICTSI Oregon, Inc. v. International Longshore and Warehouse Union, et al., Case No. 3:12-cv-1058-SI, which was pending in the United States District Court for the District of Oregon.

Following a jury's determination of unlawful labour practices by ILWU and ILWU Local 8, the litigation, originally scheduled for a retrial on damages, was halted due to the bankruptcy filings of ILWU and Local 8 in September and October 2023, respectively.

Under the settlement terms, ICTSI will receive a payment of US$20.5 million.

Additionally, the ILWU settlement was reached through mediation sessions during ILWU's Chapter 11 bankruptcy proceedings, which will be voluntarily dismissed as part of the settlement agreement.





Latest Posts

Truck and rail dwell time remains steady at San Pedro Bay Ports

Through January, cargo traveling through the San Pedro Bay Port complex and destined for local delivery via truck spent an average of 2.89 days...

Port of Prince Rupert handles 23.5 million cargo tonnes in 2023

In 2023, the Port of Prince Rupert handled 23.5 million tonnes of cargo, translating to a decrease of 5% compared to the volumes recorded...

The Role Of Big Data In Personalizing Consumer Experience

As we all know that e commerce companies are simply booming and giving their customers more and more options when it comes to online...

What Electronic Music Songs to Listen to While Driving?

Are you going on a journey alone or with your friends or even your family now, thinking about which electronic music songs to play...

Factors to Consider When Selecting Private Equity Portfolio Management Software

As of 2023, private equity, hedge fund, and investment vehicle sectors in the US employed 77,941 people. Success in private equity requires effective portfolio...