Bloomberg (04/11/14) Michelle Jamrisko
Consumer confidence increased in April to its highest level since July as the labor market improved following the weather-related decline over the winter. The Thompson Reuters and University of Michigan preliminary index of sentiment increased from a four-month low of 80.0 in March to 82.6 in April. Economists surveyed by Bloomberg had forecast a reading of 81.0.
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.
National Law Review (04/10/14) Adam L. Bartrom
Valero must rescind its social media policy and notify employees that they may discuss the terms and conditions of their employment on social media platforms, according to a settlement with the Steelworkers that was approved by the U.S. National Labor Relations Board. The policy infringed upon the employees’ Section 7 rights. Social media policies have been a top priority for the board, which frequently has ruled in favor of employees.
Don’t miss tomorrow’s ASAPro webinar “Creating Bulletproof Recruiting Agreements,” 3–4 p.m. Eastern time. Learn how to negotiate recruiting agreements with clients from attorney Mike Rode.
All ASAPro webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. This webinar qualifies for legal CE. To learn more and to register, visit americanstaffing.net.
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