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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.
CDI Corp. Announces Corporate Realignment
PR Newswire (12/30/13)
CDI Corp. has announced that it will undertake a realignment in the first quarter of 2014 to organize its business efforts more clearly into engineering and staffing services. The realignment will result in a reduction in headcount of approximately 65 to 75 employees and the consolidation of facilities.
Signs Point to Healthier Job Market in 2014
Wall Street Journal (12/30/13) Brenda Cronin
Employers created an average of 189,000 jobs a month in 2013, and the pace picked up in October and November. Employment in 2014 is expected to grow on the shoulders of a strong gross domestic product and high industrial production and construction. Economists surveyed by the Wall Street Journal forecast an average of 198,000 jobs will be created per month in 2014.
13 States Raising Pay for Minimum-Wage Workers
USA Today (12/30/13) Paul Davidson
The minimum wage is being raised in 13 states this week, and another 11 states and Washington, DC, are likely to consider raising their minimum wages in 2014, according to the National Employment Law Project. As of Jan. 1, state minimum wages will be higher than the federal minimum wage of $7.25 per hour in 21 states, up from 18 two years ago.
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Among the top benefits of joining ASA right now is instant access to the most credible, industry-specific information available regarding the Affordable Care Act and what staffing firms need to be doing right now to prepare.
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Court Rules Temporary Employee Was Not Discriminated Against Based on Race
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Louisiana Workers’ Compensation Insurance Rates to Decrease by 5% in 2014
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States Make Moves Toward Paid Family Leave
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Vital Signs: The Power of Logistics Hiring
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