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Starbucks Corporation (SBUX.BA)
- Reuters
US Supreme Court examines firings of pro-union Starbucks workers
The U.S. Supreme Court on Tuesday steps into the contentious unionization drive at Starbucks as the coffee chain challenges a judicial order requiring it to rehire seven employees at a Tennessee cafe who were fired as they pursued efforts to organize. The justices are set to hear arguments in the company's appeal of a lower court's approval of an injunction sought by the U.S. National Labor Relations Board ordering the reinstatement of the workers. It is a case that could make it harder to bring a quick halt to labor practices challenged as unfair under federal law while the NLRB resolves complaints.
- Associated Press Finance
Starbucks takes on the federal labor agency before the US Supreme Court
After Starbucks fired seven workers who were trying to unionize their Tennessee store, a U.S. government agency obtained a court order forcing the company to rehire them. Now, Starbucks wants the Supreme Court to curb the government’s power in such cases. On Tuesday, justices are scheduled to hear Starbucks’ case against the National Labor Relations Board, the federal agency that protects the right of employees to organize.
- GuruFocus.com
Is Starbucks Undervalued?
The stock has underperformed over the past year, but is now trading at a more attractive valuation
