Arizona Republic: “A deal to make ambulance service more efficient in four southeast Valley municipalities is being challenged in court by a company that lost out in the bidding process. A suit filed Tuesday by Professional Medical Transport Inc. alleges that the bidding process used by Mesa, Gilbert, Queen Creek and the Apache Junction Fire District was biased against the company and favored its rival, Southwest Ambulance.”
Arizona Business Journal: “The Cheesecake Factory Inc. will pay $345,000 to settle a sexual harassment lawsuit stemming from actions at the restaurant chain’s Chandler location. The suit was filed by the U.S. Equal Employment Opportunity Commission, which alleged that six male employees were subjected to repeated sexual harassment at the company’s Chandler Mall location.”
Arizona Republic: “Radical Bunny LLC, an obscure Phoenix firm federal and state regulators say defrauded investors out of almost $200 million, has reached a partial settlement with the U.S. Securities and Exchange Commission. The agreement, filed last week in federal court, could preserve some money for the firm’s 900-plus investors, who are trying to recover their losses from Radical Bunny’s pending Chapter 11 bankruptcy case.”
Arizona Business Gazette: “A legislative raid on Central Arizona Project funds is not only illegal but also could leave state residents literally high and dry, the lawyer for the organization is charging. In legal papers filed with the state Supreme Court, attorney Robert Lynch said the $13.9 million taken to balance prior and current state budgets comes not from Arizona taxpayers but is part of a $100 million payment from Nevada in exchange for Arizona letting that state have some of its Colorado River water allocation. The money is supposed to be used by Arizona to bank some of the water this state does not need now but will require in future years.”
Arizona Business Gazette: “Wells Fargo has denied Surprise’s allegations that the company made a bad investment, leading to a more than $2 million loss, according to a legal response filed Oct. 21. Surprise is suing the bank for professional negligence, breach of contract and statutory consumer fraud.”