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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.
Staffing World 2012 Starts Today
Staffing World 2012, the ASA annual convention and expo, continues through Thursday at the Venetian Resort Hotel Casino in Las Vegas. It’s sure to be the most successful, content-rich, industry event ever.
Today, don’t miss the general session featuring keynote speaker Liz Wiseman at 3 p.m. and the expo grand opening at 5:15 p.m.
Striking Laborers at Elwood Warehouse Return to Work
WBEZ91.5 Chicago (10/08/12)
Striking Illinois warehouse workers linked to Walmart are back at work and are claiming victory in their fight for back pay and improved working conditions. They won concessions from management on both points. In September, 38 employees went on strike over alleged unfair labor practices by staffing firm RoadLink. A lawsuit filed last month against the firm claimed it did not pay workers overtime wages and retaliated against some workers.
School Board Considers Kelly Services for Substitute Teachers
Connect Mid Michigan (10/08/12) Mark Slavit
School board members in the Columbia, MO, public school district are considering hiring Kelly Services to help fill substitute teacher positions. Last year, the Columbia public school district had a 93% fill rate with an average of six jobs a day. The Springfield, MO public school district uses Kelly Services and gets a 99% response from temporary employees.
Columbia Public Schools spokeswoman Michelle Baumstark says, “Right now, we are doing all of the work internally. We are not doing as good of a job as we would like to see. Our teachers need to know that there is some reliability there. Our students need to know that. We can do better.” Kelly Services officials plan to charge school administrators about $328,000 a year for substitute teacher services.
Reminder: This Is the Nonmember Version of Staffing Today
Because your firm is not an ASA member, you are 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.
IRS Again Attacks Use of Expense Reimbursements as Substitute for Wages
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Know Your Workplace Rights: What Laws Protect Employee Privacy?
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Can Employers Ask Workers What Prescription Medications They Are Taking?
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75% of U.S. Work Force Is Actively Seeking or Open to New Jobs
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Wall Street Woes: Hiring Demand Starts to Fall
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GM Competing for 1,500 New Information Technology Recruits
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Target Cutting Back Holiday Hiring
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