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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.
Online Labor Demand Edged Up 15,200 in March
Conference Board News Release (04/01/15)
Online advertised vacancies increased 15,200 to 5.5 million in March, according to the Conference Board Help Wanted OnLine Data Series. The February supply and demand rate stands at 1.6 unemployed for each advertised vacancy, with a total of 3.3 million more unemployed workers than the number of advertised vacancies. The number of unemployed was 8.7 million in February.
“Online demand growth over the first quarter of 2015 at 349,000 has been the strongest quarterly growth in eight years,” says Gad Levanon, managing director, macroeconomic and labor market research. “The growth has been well-balanced across the regions of the country and the major occupational groups, reflecting an overall healthy employer demand so far in 2015.”
Private Sector Jobs Rose Only 189,000 in March
Wall Street Journal (04/01/15) Kathleen Madigan
Companies hired at a tepid pace in March, according to Automatic Data Processing and Moody’s Analytics. Private payrolls rose by 189,000 jobs, which was far below expectations. Economists polled by the Wall Street Journal had forecast the addition of 225,000 new jobs for the month. The February number was upwardly revised to 214,000 from 212,000. “Job growth took a step back in March. The fallout from the collapse in oil prices and surge in value of the dollar is hitting the job market”, the report says.
Small businesses are adding the most jobs, according to ADP. Companies with between one and 49 employees added 108,000 new employees last month, while companies with between 50 and 499 employees added 62,000 employees. Big firms with 500 or more employees hired 19,000 employees. Manufacturing cut 1,000 jobs in March, while construction added 17,000 jobs and the service sector added 184,000 jobs.
ACA Survey Now Open—Hear Results at the ASA Staffing Law Conference
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Free Town Hall Forum Tomorrow for Professional Firms
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Free ASA Webinar This Month—Maximize Your ASA Membership
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Hear New ACA Data at the Upcoming ASA Staffing Law Conference
The 2015 ASA Staffing Law Conference is next month—April 28–29 at Gaylord National Resort & Convention Center in metro Washington, DC. It is the only event dedicated exclusively to the legal and regulatory issues facing staffing, recruiting, and workforce solutions companies. Register now.
ASA senior counsel Ed Lenz will be presenting the latest data—not available anywhere else—about how the Affordable Care Act is affecting staffing firms. Don’t miss his session, or the rest of the ASA Staffing Law Conference program.
Visit staffinglawconference.net for details and secure your seat today. ASA members get a discount, so join now and save.
More Companies Block Employees From Filing Suits
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Judge: Undocumented Tennessee Workers Can Get Equal Workers’ Compensation
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Cal/OSHA Urges Employers With Outdoor Workers to Prepare for Heat Season Now
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Cheap Oil Prices Chop Jobs by Thousands
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Two in Three Companies Have Lost Employees Because the Work Environment Wasn’t a Fit
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