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A Conversation with Terry Hickey, President and CEO of Big Brothers Big Sisters of the Greater Chesapeake on Unrealistic Expectations
This content has been archived. It may no longer be relevantClick here for Part 1 & Part 2 Transforming the lives of children facing adversity Terry Hickey is the President and CEO of Big Brothers Big Sisters of the Greater Chesapeake. A local affiliate of the youth mentoring 501(c)(3) nonprofit organization Big Brothers Big Sisters of…
Law Matters: August 2015
Welcome to Law Matters, Offit Kurman’s monthly newsletter. Here you will find the latest articles on diverse legal topics written by our team of attorneys, as well as interviews and conversations with CEOs and decision-makers, news and events from the firm, videos, and other exclusive thought leadership content. Features, videos and topics in this month’s…
The Weekly Scenario: Early Withdrawals from Pension Plans
Question: I am a police officer and I am 51 years old. I would like to start taking withdrawals from my pension plan. I also have an individual retirement account (IRA). Am I subject to the 10% early distribution penalty since I am not 59 ½? Answer: Generally, the amounts an individual withdraws from an IRA…
A Video Conversation with Marty Schwartz, CEO & Founder of Vehicles for Change On How It All Got Started
Improving the quality of life and work for low-income families through donated vehicles Marty Schwartz is the president, CEO, and founder of Vehicles for Change. Established in 1999, Vehicles for Change provides low-income families with donated, renovated cars, as well as technical training for jobs in the automotive industry. The organization has awarded nearly 5,000…
Groupon Paid $69M in Cash for Baltimore Based OrderUp
A Video Conversation with Chris Jeffery, Co-founder and CEO of OrderUp In July, Groupon acquired OrderUp for $69 million. A quarterly report filed with the SEC discloses the purchase included a contingency of an additional $20 million after valuation of OrderUp’s assets, for a potential total of $89 million. For more details of the deal,…
Read | Delete: Notice of Proposed Rulemaking on Overtime
On July 6, 2015, the Department of Labor (“DOL”) announced a proposed rule that would extend overtime protections to nearly five million white collar workers within the first year of its implementation. Currently, a convenience store manager, fast food assistant manager, or some office workers may be expected to work 50 or 60 hours a…
The Legal Minute Video Series: Ashley Madison Scandal in Defense of the Wrongly Hacked
You have probably seen the headlines: hackers recently breached AshleyMadison.com, which markets itself as dating network for people looking to have an affair, and revealed millions of users’ identities. It’s the kind of story divorce lawyers salivate over, anticipating all of the business to come from jilted spouses who discovered their partners had kept a…
Compensation and Compliance Matters: Three Regulators Are Scarier than One
In the latest example of exemplary coordination between other federal agencies and various states, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency ordered Citizens Bank last week to pay penalties of over $20 million, and restitution of approximately $11 million, in connection with its imprecise…
Friday Factoid: Supreme Court Maintains Ban on Collecting Royalties for Expired Patents
On June 22, 2015, the U.S. Supreme Court, in a ruling on a dispute relating to a Spider-Man toy, reaffirmed a decades-old case that prevents patent holders from collecting royalties for expired patents. Under the prior ruling, if two parties sign a contract that calls for the payment of royalties after the patent term expires,…
When Can An Employer Take Action on the Basis of an Employee’s Social Media Activity?
The NLRB’s General Counsel Provides Guidance What differentiates a bellyaching Facebook status from protected speech for the purposes of legally protected activity or collective bargaining? And when can an employer decide it’s had enough and take action to stop the offensive and hurtful posts? These are just a couple of the difficult questions raised by…
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