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Content Tagged As buyout

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  • Buyouts, possible layoffs as Tulane deals with deficit

    October 13, 2015 6:04 PM

    NEW ORLEANS - Tulane University's president says employees will soon receive information on buyout offers. And he says that the university may have to lay people off if too few employees choose to leave. President Mike Fitts says in a message distributed to Tulane employees on Tuesday that details... more »
  • Texas judge dismisses Chavis lawsuit against LSU

    August 21, 2015 5:41 PM

    COLLEGE STATION, Texas - A Texas judge dismissed the lawsuit filed by Texas A&M assistant coach John Chavis against LSU Friday. Chavis and LSU both filed lawsuits against one another after he left for a job at Texas A&M. At issue is a $400,000 buyout clause in Chavis's contract,... more »
  • Chavis files suit against LSU, Texas A&M; LSU responds

    February 27, 2015 4:32 PM

    COLLEGE STATION, Texas - Former LSU football assistant coach John Chavis filed suit Friday against both LSU and Texas A&M, where he's coaching now, over a contract dispute. At issue is a $400,000 buyout clause in Chavis's LSU contract. Chavis asked in his suit for a court to determine... more »
  • Magic reach buyout agreement with Glen Davis

    February 21, 2014 2:35 PM

    ORLANDO, Fla.- The Magic are parting ways with forward Glen Davis. General Manager Rob Hennigan announced Friday that the team had agreed on a buyout for the remainder of Davis' contract. The former LSU standout has started 43 of the 45 games he's appeared in this season for the Magic.... more »
  • People say council member is dodging requests Play Video

    February 10, 2014 9:15 PM

    BATON ROUGE - Some residents in East Baton Rouge claim their council member is not answering questions about a buyout of dozens of homes. "I've tried to contact her at least 15 or 20 times," Greg Mitchell said. He's been trying to reach Chauna Banks-Daniels, who represents his area.... more »
  • Other options on the table for sinkhole buyouts

    August 22, 2013 10:58 AM

    BAYOU CORNE - There are other options on the table for property owners near the Assumption Parish sinkhole negotiating buyouts with Texas Brine. Some homeowners who want to stay are considering releases of liability, which would allow them to stay in their homes and receive a settlement, but then... more »
  • Scottlandville homeowners frustrated with buyout Play Video

    July 1, 2013 5:43 PM

    BATON ROUGE- Reverend Dudley Theodore Jackson proudly mows his lawn once a week. It's something he's done for a very long time. "I've been living here a long time, " he says. "I moved on Avenue F in 1975." But he says he got a letter from East... more »
  • Deadline for sinkhole buyout talks extended

    June 26, 2013 2:16 PM

    BAYOU CORNE- Nearly half of the eligible residents and families directly affected by a sinkhole induced by a Texas Brine Co. salt dome failure last summer have agreed to company buyouts, while the rest have more than a month to complete negotiations. Texas Brine faced a Monday court-imposed deadline to... more »
  • Deadline today for sinkhole buyout offers

    June 24, 2013 10:48 AM

    BAYOU CORNE - Today is the deadline for Texas Brine to make buyout offers to the residents affected by a giant sinkhole over a brine cavern in Assumption Parish. Last week a spokesperson for Texas Brine said they had delivered 88 of the 90 offers approved by their insurance... more »
  • Bayou Corne resident says buyouts too low Play Video

    May 31, 2013 5:45 PM

    BAYOU CORNE - People living near the Assumption Parish sinkhole aren't happy with the buyout offers for their property, saying they're way too low. "It was an insult. It was a slap in my face," said Bayou Corne resident Debra Charlet. Charlet and her family received a buyout... more »
  • Texas Brine starting to make buyout offers

    May 24, 2013 4:06 PM

    BAYOU CORNE - A spokesperson for Texas Brine said the company started making buyout offers today for homes and property affected by the Bayou Corne sinkhole. Sonny Cranch with Texas Brine said they had 23 offers ready today and started scheduling appointments to meet with homeowners Saturday. Cranch... more »
  • Judge rules buyout of neighborhood, resident still on hold Play Video

    March 22, 2013 4:41 PM

    BATON ROUGE - On Tuesday, U.S. District Court Judge Brian Jackson ruled the buyout of 47 homes near a Baton Rouge sewage treatment plant "fair and reasonable". An environmentalist group's lawsuit against the buyout has stopped the plant's expansion until now. Plans for expansion have been ongoing for... more »
  • Experts say cavern near sinkhole is stable Play Video

    March 19, 2013 10:32 PM

    BAYOU CORNE- Residents in Bayou Corne packed the Assumption Parish Civic Center, to hear the latest involving the massive sinkhole. The meeting started with Texas Brine's attorney, Bradley Myers, explaining how the buyout will work. The company is believed to be responsible for the sinkhole when its salt... more »
  • Property value going down in Bayou Corne Play Video

    March 12, 2013 5:52 PM

    BAYOU CORNE- People in Bayou Corne say they fear more than a massive sinkhole, that forced hundred of people to evacuate. Since it formed last year, the property value in the mandatory evacuation area plunged. Last year, the Assumption Parish Tax Assessor's Office, gave residents living in the... more »
  • People evacuated by sinkhole ask lawmakers for help Play Video

    February 19, 2013 4:21 PM

    BATON ROUGE - People evacuated 200 days ago by a sinkhole in Assumption Parish asked lawmakers today to help them get buyouts for their homes. Residents and parish officials packed a Senate committee hearing today to tell lawmakers about what the past months have been like. They said the... more »
  • Buyout deal reached

    January 23, 2013 11:29 PM

    BATON ROUGE- City leaders approved a buyout plan for a neighborhood on the northern end of the city near a wastewater treatment plant. People who live in University Heights have been asking for a buyout for years. They complain the treatment plant stinks and has ruined their quality of... more »
  • Reports: Microsoft may invest in Dell buyout

    January 22, 2013 12:03 PM

    NEW YORK - CNBC and The Wall Street Journal are reporting that the discussions to buy struggling computer maker Dell now include Microsoft as a potential investor. If Microsoft joins in a Dell buyout, CNBC and the Journal say the software maker would contribute $1 billion to $3 billion. That... more »
  • Buyout deferred, no decision by Metro Council

    January 9, 2013 9:41 PM

    BATON ROUGE- Another delay in the decision about buying out a group of homes near a wastewater treatment plant off Scenic Highway. The Baton Rouge Metro Council deferred the $6 million buyout Wednesday night. People who live near the plant have said it stinks and is ruining their... more »
  • Metro Council to talk about neighborhood buyout again

    January 8, 2013 10:10 PM

    BATON ROUGE- City leaders will discuss a possible buyout for people who live near a wastewater plant in the northern part of Baton Rouge Wednesday. People in University Heights, a neighborhood near Scenic Highway, have said the plant stinks and has ruined their quality of life. The Baton... more »

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