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Compensation and Compliance Matters: New Minimum Wage, Overtime Orders Could Haunt Lenders
This content has been archived. It may no longer be relevant How will these affect you? Immediately there is no effect on lenders, but down the road it’s possible. The two executive orders the president signed have very different implications. The first pertaining to a minimum wage hike only applies to federal contractors executing agreements…
Labor and Employment Attorney on incident with Philadelphia Ironworkers
Offit Kurman labor and employment attorney Neil Morris, who is based out of the law firm’s Philadelphia office, was recently quoted in a Philly.com article, “Post Brothers veep recalls ‘frightening’ incident with Ironworkers.” About a year ago, Sarina Rose, vice president of development for Post Brothers Apartments, ran into Edward Sweeney, a business agent of…
Friday Factoid 3.21.14
On January 31, 2014, the founding members of the rock band Survivor sued Sony Music Entertainment regarding Sony’s obligations to pay royalties on digital downloads of Survivor’s songs. The complaint alleges Sony incorrectly treated revenue it received from online music platforms like iTunes and Amazon as “sales of records” (for which the plaintiffs receive a royalty of 5-10%) instead…
The Importance of Pre-transaction Planning Before Selling Your Business
The decision to sell your business is typically one of the most important inflection points in the lifecycle of your business. Chances are that when you arrive at this decision point, either because you have affirmatively decided to go to market to sell or you have been presented with a viable offer from a third…
The Basics Of What Every Government Contractor Needs To Know To Comply With The New Government Contractor Disability Workforce Rules
By Edward Tolchin Effective March 24, 2014, individuals with qualified disabilities should account for 7 percent of a federal contractor’s workforce; otherwise, the federal contractor must be able to demonstrate that it is taking steps to achieve this 7 percent benchmark goal. This requirement generally applies to all awardees of federal prime and subcontracts in…
The Weekly Scenario From Steve Shane 3.17.14
Question: My dad owned a house in his name alone. When dad died, my brother started living there and maintaining the place. Now an injury has occurred at the property because of some maintenance my brother had let slide. We are afraid the woman injured is going to sue. Can she sue my brother?…
Read | Delete – 3.17.14
“The problem is that today, there are so many companies out there…that are treating too many customers too well.” “Customer Centricity is about recognition of the differences across your customers…There is no single average customer; there is this wide variety of them, and they vary not only in their needs and what they want from…
Legal Q&A: March 14, 2014
QUESTION: What options do employers have if they can’t accommodate an employee’s request for intermittent leave under the FMLA? ANSWER: Employees who meet the general eligibility criteria may request intermittent leave under the FMLA. However, it’s important to keep in mind that an employer is not legally obligated to grant intermittent leave if such leave…
The Hazards of Bank Manager Reimbursements and 1099 Payments
Offit Kurman labor and employment attorney Ari Karen writes a weekly blog, “Compensation and Compliance Matters,” on the National Mortgage News website. In one of his recent posts, “The Hazards of Reimbursing Branch Managers for Expenses,” Mr. Karen explains what lenders should know about 1099 payments. He advises that lenders re-examine such practices and discontinue them when necessary. “Many lenders still…
Bethesda Mergers and Acquisitions Attorney on Jos. A. Bank Acquisition
Offit Kurman mergers and acquisitions attorney, based out of Bethesda, Maryland, was once again quoted in the Maryland Daily Record in regards to the Jos. A. Bank acquisition, this time in the article, “Men’s Wearhouse to buy Jos. A. Bank.” Men’s Wearhouse made Jos. A. Bank an offer they could not refuse. A $1.8 billion…
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