January 16, 2013

Wal-Mart Pledges to Hire Thousands of Veterans

Published January 16, 2013 ■ Headline News

Associated Press (01/15/13)

Wal-Mart Stores Inc. has pledged to hire more than 100,000 veterans over the next five years. The program, which will begin on Memorial Day, covers veterans within 12 months of leaving active duty. Most of the jobs will be in Wal-Mart’s stores or its Sam’s club locations. Some will be in the company’s distribution centers. Bill Simon, president and cheif executive officer of Wal-Mart’s U.S. business, says veterans are ideal hires because they have a record of performance under pressure, are quick learners, team players, and have a passion for service.

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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.

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J.P. Morgan Lays Off 839 Mortgage Review Workers After Settlement

Published January 16, 2013 ■ Headline News

Wall Street Journal (01/15/13) Christian Berthelsen

J.P. Morgan Chase has laid off 839 temporary employees who were hired to review mortgage foreclosures following a settlement with regulators probing abusive foreclosure practices. The company laid off 529 temporary employees at a location in Brooklyn and another 310 in Florence, SC.

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Get Answers to Your Employment Law Questions at the ASA Staffing Law Conference

Published January 16, 2013 ■ ASA for You

Do you have specific employment law questions? Many of them are sure to be answered during sessions at the 2013 ASA Staffing Law Conference, May 7–8, in Washington, DC—but just in case they’re not, the conference will conclude with an open forum where attendees can ask presenters questions that were not covered in earlier sessions. ASA lawyers also will answer some of the most frequently asked legal questions posed by members.

“Town Hall With the Experts” is just one of several can’t-miss sessions at the ASA Staffing Law Conference, the only program devoted to legal and regulatory issues facing staffing firms. Visit americanstaffing.net/lawconference for the agenda, registration information, and more.