When drafting domestic contracts, lawyers need to have a good understanding of the client’s business and the underlying transaction in order to properly allocate and mitigate attendant risks.
Read more at Michigan Bar Journal
The act became effective Jan. 1. Congress hoped it would help stop money-laundering by rooting out the use of anonymous shell companies and would track the flow of illicit money and protect U.S. national security interests.
Read more at: The Wall Street Journal
Year-End Update On The Corporate Transparency Act: The Access Rule, The Criticisms And The Costs Of Implementation
The implementation of the Corporate Transparency Act (CTA) as of January 1, 2024, is expected to bring about several challenges and areas of confusion for accounting and law firms that serve reporting companies.
Read more at Forbes
This question came up - under federal law, the minimum wage for most workers is $7.25 an hour. But just how much that is can vary widely, because of the interplay of state and federal rules on minimum wages and tips.
Read more at Pew Research Center
So why haven’t these cases settled? Trials are public and verdicts garner headlines. What makes Conagra willing to risk the reputation of its market-leading PAM cooking spray devolving into the Ford Pinto of food products?
Read more at Reuters
The lawsuits say that an employer runs afoul of the Employee Retirement Income Security Act when it exercises discretion over these forfeitures to benefit itself over workers. According to the lawsuits, the companies used forfeitures to reduce the money they’d otherwise have to contribute to their plans, instead of using it to reduce the administrative expenses borne by workers.
Read more at Bloomberg Law
WeWork’s Chapter 11 filing adds to a growing list of venture-capital favorites that have gone bankrupt, giving investment firms a fresh reason to more thoroughly vet companies before pouring money into them.
Read more at Bloomberg Law
Wall Street's top regulator must correct "defects" in a new rule on share buybacks adopted earlier this year, a federal appeals court has ruled, marking a partial win for powerful trade groups waging the legal challenge against it.
Read more at Investing.com
It’s easy around these parts to get deeply cynical about law and justice and the federal judiciary. But sometimes there’s a story like this and a direct, scathing opinion like this.
Read more at ABA Journal
