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Stock impact report

Further appeals to block AB5 from California trucking seen as a long shot [Yahoo! Finance]

Universal Logistics Holdings, Inc. (ULH) 
Last universal logistics holdings, inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.universallogistics.com
Company Research Source: Yahoo! Finance
Appeals are possible of the decision Friday in the U.S. District Court for the Southern District of California that emphatically rejected all the arguments by the California Trucking Association (CTA) and the Owner-Operator Independent Drivers Association. But several observers of the legal battle that has gone on for more than four years said that may prove too big a challenge to proceed. “I'm sure that some will advocate for the appeal and exhausting all efforts, but I'm certainly not bullish on the likelihood of success in the 9th Circuit,” an attorney who is not representing any of the parties and requested anonymity said of possible future CTA/OOIDA action. “It is time to ‘move on' absent the political will to change.” “It's hard to imagine the industry committing fees to this now,” another attorney, who also requested anonymity, said. AB5, passed in 2019, codifies the so-called ABC test in setting guidelines for determining whether a worker is an employee or an independen Show less Read more
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