LONDON – A group of small businesses has been suing Clydesdale bank as well as its former owner National Australia Bank for alleged misrepresentation over small business loans. The lawsuit filed by small businesses highlighted that banks raised the interest rate on fixed-rate loans by hidden margins. While representing the group, RGL Management allegedly stated that banks have been facing deceit, misrepresentation, and breach of contract by banks.
A total of 140 small businesses comprising 2,000 small companies issued the first claim against the banks. However, the legal claim doesn’t carry any value. On behalf of small businesses, RGL Management has brought complex lawsuits against banks. Augusta Ventures, a litigation funder has been supporting the lawsuit against Clydesdale bank. Many litigation funders have been fighting for bank disputes on the condition of some part of compensation if they manage to win at trial.
Bad credit small business loans have been on the rise as there are plenty of options available to get loans for small businesses. Also, the affordable interest rates make it possible to get a loan on easy terms. Apart from banks, many online sources are offering small business loans even to the entities with bad credit.
Garbhan Shanks of Michelmores LLP, the law firm which represents RGL, has said that it is hopeful to get a substantial amount of compensation for their first multi-party claim against banks. However, CYBG, the owner of Clydesdale and Yorkshire bank said that it will respond to any claim against its banks on a strong term after analyzing it thoroughly.
Meathead Movers Announces a Raise in its Entry Level Pay to $15 per Hour
Meathead Movers, a San Luis Obispo-based moving company, has taken a decision to increase the entry level pay for all movers and packers. The company has announced its move after taking into consideration the struggles of student-athletes who work as movers for Meathead. In the 22-year history, this is the highest raise ($3 per hour) that has been witnessed by its employees. This move would not only encourage more student-athletes to join Meathead movers, but would also provide more employment opportunities for them. But the raise for the Fresno location will be in the paychecks of 70 out of the total 80 employees.
Aaron Steed, CEO of Meathead Movers, has said that it was a subject of worry for the company as its student employees had been having a tough time meeting their ends meet due to the high cost of living. In order to find the optimal solution to this problem, they decided to figure out the ways to make money without disturbing the schedules of athletes. He said that raising the pay was the possible solution to ensure stability in the lives of student-athletes. Along with the pay-rise of employees, Meathead Movers is also planning to introduce around 200 employees in its five branches before the commencement of its busy season. Similar to this company, Phoenix Movers has also made its name for updating its policies for the welfare of its employees.
Meathead Movers, who currently has over 700 employees, handles more than 20,000 local movers per annum. This is what makes it the largest independent moving company. According to Steed, after this pay raise move, more student-athletes would show their interest for movers and packers service. He also hints about the future target of the company to emerge as the highest earning company due to the highest ability of its employees.
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