Bloomberg (02/12/15) Michelle Jamrisko
The number of people applying for unemployment benefits in the week ended Feb. 7 rose by 25,000 to 304,000, according to the U.S. Department of Labor. Economists surveyed by Bloomberg had forecast claims of 287,000. The four-week average of new claims fell 3,250 to 289,750, the lowest level since mid-November.
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.
Reuters (02/11/15) Lucia Mutikani
The U.S. economy is expected to see its best performance in 10 years in 2015, with gross domestic product growing a forecasted average of 3.2%, according to a Reuters poll of 82 economists. Their optimism remains strong despite a weak first quarter, because the labor market is strengthening.
“There may be a few ups and downs this year, but the economy’s fundamentals are very strong and they are going to outweigh the issues from abroad. Three percent GDP [growth] is achievable,” says Ryan Sweet, a senior economist at Moody’s Analytics.
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The ASA Staffing Law Conference takes place April 28–29 at Gaylord National Resort & Convention Center in metro Washington, DC. Secure your seat today—and save $100 when you register by March 6.
This is the only event dedicated exclusively to the legal and regulatory issues facing staffing, recruiting, and workforce solutions companies. Don’t miss speakers such as nationally renowned political strategist and commentator Karl Rove, ASA senior counsel Ed Lenz, Esq., immigration expert Helen L. Konrad, Esq., and more.
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.
Don’t miss the ASA webinar “Key Knowledge for Staffing Firms: The FMLA and ADA.” It takes place today from 3 to 4 p.m. Eastern time. Learn about employer obligations under the Family and Medical Leave Act and Americans With Disabilities Act.
All ASA 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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