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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.
Join More Than 800 Staffing Firms at Today’s Health Care Reform Webinar
More than 800 staffing firm offices are registered to attend today’s ASAPro Webinar; your firm should be too.
The ASAPro Webinar “Supreme Court Health Care Ruling—Next Steps for Staffing Firms” will take place today from 2 to 3 p.m. Eastern time. Edward A. Lenz of ASA; Alden Bianchi of Mintz, Levin, Cohn, Ferris, Glovsky & Popeo PC; and ASA past chairman Jim Essey, CSP, of the TemPositions Group of Cos. will discuss the court’s ruling and explain the steps staffing firms should take to prepare for the law’s implementation.
ASAPro Webinars are $295 for nonmembers. Join ASA and attend ASAPro Webinars for FREE. Register online at americanstaffing.net.
South Bend Company Peoplelink Makes Acquisition
Inside Indiana Business (07/11/12)
South Bend, IN-based Peoplelink Staffing Solutions has acquired Hamilton Personnel of Buena Vista, VA. Peoplelink officials say the purchase will better serve the needs of the firm’s customers in the Buena Vista, Lexington, Augusta County, and Roanoke marketplace. Peoplelink currently operates an office in that market and will consolidate the Hamilton branch into its current operation.
Command Center Announces Second Quarter Revenue Up 18.3% to $24 Million
Command Center Inc. News Release (07/09/12)
Command Center Inc. has reported revenue of $24.02 million for the second quarter ended June 29, an 18.3% increase on revenue of $20.30 million recorded in the comparable period of 2011.
Jobless Claims Tumble to Lowest Level in Four Years
Wall Street Journal (07/12/12) Josh Mitchell; Eric Morath
U.S. jobless claims fell by 26,000 last week to 350,000, but onetime factors such as fewer auto-sector layoffs than normal likely caused the sharp decline, the U.S. Department of Labor reported today. Still, the seasonally adjusted drop in claims in recent weeks offers hope that the labor market might be slowly improving. Economists surveyed by Dow Jones Newswires had forecast 370,000 new applications for jobless benefits last week. The level of claims is the lowest in four years. The four-week average of claims, meanwhile, decreased by a smaller 9,750 to 376,500.
New Multimedia Tool Kit Helps Enhance the Path to ASA Certification
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Reminder: This Is the Nonmember Version of Staffing Today
Because your firm is not an ASA member, you are now receiving the nonmember version of Staffing Today, which excludes the Legal Watch and Trends and Research sections.
Join ASA today and start reaping the many benefits of membership, including the full version of Staffing Today, free ASAPro professional development Webinars, and special member-only registration rates for Staffing World 2012, Oct. 9–11 in Las Vegas.
ASA membership matters. Learn more and join today.
States Take the Lead in Contractor Misclassification Crackdown
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Michigan House Passes New ‘Tax’ on Private Contract Workers to Pay for Retirement System Liabilities
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E-Verify Mandated for Public Works Contractors and Subs in Pennsylvania as of Jan. 1, 2013
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