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Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
EmployBridge Acquires Allines Staffing Professionals
PRNewswire (07/03/12)
EmployBridge has acquired the assets of Baltimore, MD-based Allines Staffing Professionals. EmployBridge operates primarily under the ResourceMFG, ProLogistix, and ProDrivers brands, providing skilled light industrial personnel to three specific industry verticals: specialty manufacturing, warehousing and logistics, and transportation.
Jobless Claims Post Biggest Fall Since April
Reuters (07/05/12)
The number of Americans who filed requests for jobless benefits declined by 14,000 last week to 374,000, the lowest level in six weeks, the U.S. Department of Labor reported today. Claims from two weeks ago were revised up to 388,000 from an originally reported 386,000. Economists polled by Reuters had forecast claims falling to 385,000 last week. The four-week moving average for new claims fell 1,500 to 385,750.
ADP Says U.S. Companies Added 176,000 Workers in June
Bloomberg (07/05/12) Lorraine Woellert
Companies in the U.S. added 176,000 workers in June, according to figures released today by ADP Employer Services. The median forecast of economists surveyed by Bloomberg News called for a 100,000 advance. The unexpectedly high number may ease concern the labor market is deteriorating. The increase followed a revised 136,000 gain the prior month.
Employment in the private, service-providing sector increased by 160,000 in June, after rising a revised 137,000 in May. Employment in the private, goods-producing sector added 16,000 jobs in June. Manufacturing employment added 4,000, reversing May’s decline.
Jobs Growth Seen Picking Up in June
Reuters (07/03/12) Jason Lange
According to a Reuters survey of economists, employers in June added a projected 90,000 new employees to their payrolls, but that increase in hiring is not sufficient to dispel concerns that the economy is decelerating. Hiring is potentially being affected by the European debt crisis, which is dampening exports and spooking the financial markets. Companies may also be reluctant to hire because of uncertainty over the U.S. government’s plans to reign in spending next year. Meanwhile, AllianceBernstein economists say data for the last six months provides little evidence that construction or other weather-sensitive industries were boosted by good weather.
Free ASAPro Webinars Next Week—StaffingPAC; Finding the Right Talent; Health Care Reform
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New Multimedia Tool Kit Helps Enhance the Path to ASA Certification
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Join ASA Today and Save Up to 50%
ASA members can take advantage of free ASAPro Webinars that qualify for continuing education hours toward ASA certification renewal. Next week, you could be attending any or all of these ASAPro Webinars for FREE.
Monday, July 9, 3–4 p.m. Eastern time: Learn how the ASA political action committee helps your business during the ASAPro Webinar “Understanding StaffingPAC.”
Tuesday, July 10, 3–4 p.m. Eastern time: Hear how you can find people who contribute to your business success in the ASAPro Webinar “Entering the Human Age—The Hardest Jobs to Fill and How to Find the Right Talent.”
Thursday, July 12, 2–3 p.m. Eastern time: Find out what the U.S. Supreme Court’s ruling on the Affordable Care Act means for the industry in the ASAPro Webinar “Supreme Court Health Care Ruling—Next Steps for Staffing Firms.”
ASAPro Webinars are $295 for nonmembers and free for ASA members.
Feds Cracking Down on Dallas Hotel Pay Practices
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WV Supreme Court Finds Temporary Employer Immune From Common Lawsuits
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AP Survey: Next President Faces High Unemployment
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CareerBuilder Forecast Points to a Better Hiring Picture
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HR Staffs, Recruiters Overlook Qualified Job Seekers
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Why Hairdressers Are Secure: Their Jobs Can’t Be Exported
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Express Hiring Survey: Greatest Growth for Commercial and Light Industrial Jobs
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