Pilots often wonder what happens if they sign a contract to repay training costs when accepting a flying job that involves expensive simulator training but quit before the contract has expired. Conventional wisdom is that such contracts are not enforceable and the hiring company eventually drops the issue. That was not the case for Allen Miller, who accepted a job with Bombardier Aerospace’s Flexjet fractional operation in July 2000.
A class-action lawsuit has been filed against Textron, accusing the Providence, R.I. corporation of misrepresenting to investors information about the V-22 Osprey program. The complaint alleges that Textron violated securities law by issuing a series of “material misrepresentations,” resulting in the inflation of Textron’s stock price.