The 2015 ASA Staffing Law Conference, the only event dedicated exclusively to the legal and regulatory issues facing staffing, recruiting, and workforce solutions companies, takes place April 28–29 at Gaylord National Resort & Convention Center in metro Washington, DC. Learn more and register online at staffinglawconference.net.
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.
Ciber Reports Fourth-Quarter and Full-Year 2014 Results
Ciber Investor Relations News Release (02/03/2015)
Ciber Inc. reported revenues of $219.6 million for the fourth quarter of 2014, down 1% (up 3% in constant currency) from $222.3 million in the fourth quarter of 2013. Net income totaled $2.8 million, compared with a net loss of $102,000 in the year-ago quarter. North American revenue totaled $107.7 million in the fourth quarter, up 3% from $104.5 million on a year-to-year basis.
The company reported revenues of $863.6 million for all of 2014, down 2% (down 2% in constant currency) from $877.3 million in 2013. The company reported a net loss of $19.6 million, compared with a net loss of $14.5 million in 2013. North American revenue was flat compared with last year, totaling $422.7 million.
Genesis Healthcare Combines With Skilled Healthcare Group Inc.
PR Newswire (02/02/15)
Genesis HealthCare LLC, one of the nation’s largest providers of skilled nursing and rehabilitation care, has completed its merger with Skilled Healthcare Group Inc. The newly combined company will operate under the name Genesis Healthcare Inc.
Overseas Slowdown Pinches U.S. Factories
Wall Street Journal (02/02/15) Ben Leubsdorf
U.S. factory activity hit its lowest level in a year during January, although the sector is slowly continuing to expand, according to the Institute for Supply Management. The ISM’s overall index declined to a seasonally adjusted 53.5 in January from 55.1 in December. A reading above 50 signals expansion. The decline was broad-based, with the employment, new order, production, and supplier delivery gauges all falling from December.
Inflation Well Short of Fed’s 2% Target
Wall Street Journal (02/02/15) Eric Morath
The price index for personal consumption expenditures was up 0.7% in December from the same time last year, the lowest year-to-year increase since just after the recession and the smallest 12-month gain for consumer prices since October 2009, according to the U.S. Department of Commerce. It was the 32nd straight month below the U.S. Federal Reserve’s 2% inflation target. This complicates the decision for Fed officials about when interest rates should be lifted from near zero, although they believe the pullback is transitory.
“Stagnant household incomes have resulted in a lack of demand for retailers and manufacturers,” says Navy Federal Credit Union economist Alan MacEachin. “They don’t have any pricing flexibility.”
ApTask to Expand Global Footprint by Launching India Operations
PRWeb (02/02/15)
New Jersey-based staffing firm ApTask is expanding its global footprint by launching operations in Mumbai and Baroda to better serve Indian clients, as well as current U.S. clients with presence in the region. Mayur Porecha will join the ApTask team as chief executive officer and president, ApTask India, and will report to Joseph Butler, ApTask’s chief executive officer.
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Save Your Spot for the ASA Staffing Law Conference
The ASA Staffing Law Conference is the only event dedicated exclusively to the legal and regulatory issues facing staffing, recruiting, and workforce solutions companies. This event has sold out the past two years—secure your seat today for this year’s conference, April 28–29 at Gaylord National Resort & Convention Center in metro Washington, DC.
The featured speaker is nationally renowned political strategist and commentator Karl Rove. In an exclusive session for ASA Staffing Law Conference attendees, he’ll discuss the outlook for business under the 114th Congress, examine the potential strengths and pitfalls for prospective presidential candidates in the 2016 race for the White House, and share his insights into American politics.
Sessions include
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The ACA Four Months In—What Staffing Firms Need to Know Now
Find out about the Affordable Care Act’s employer reporting requirements, employee participation in staffing firm health plans, and how clients have reacted to the new law in this discussion led by ASA senior counsel Ed Lenz. -
OSHA’s Temporary Worker Initiative and How to Stay Compliant
Learn how the U.S. Occupational Safety and Health Administration is working to enforce policies and practices designed to improve temporary worker safety and well-being. -
On the Frontlines—Legal Issues for Sales Personnel
Get strategies for communicating with salespeople about potential legal issues and liability for their staffing firms and the importance of compliance.
ASA-certified professionals can earn up to 9.5 continuing education hours, including 8.25 hours of legal CE. Review the full agenda and register today at staffinglawconference.net.
Illinois Gov. Rauner Rescinds Increase in Contractors’ Minimum Wage
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District of Columbia Passes Two New Nondiscrimination Laws Impacting Employers
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Employers, Don’t Be Caught in the ‘Bogus RIF’ Trap!
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Maine Court Upholds Award of Workers’ Compensation
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Construction Spending Ends 2014 at Highest Level Since 2008
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Three More Energy Companies in Texas Warn of Layoffs
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