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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.
Register for Staffing World® 2015 This Week to Save up to $300
Staffing World 2015, the largest, most comprehensive convention and expo in the staffing, recruiting, and workforce solutions industry, takes place Oct. 27–29 in Nashville, TN. The advance registration deadline is this Friday, June 12.
Headlining the convention are three world-class keynote speakers: Stephen J. Dubner, award-winning journalist, presenting “Retrain Your Business Brain—Think Like a Freak”; Jim Clifton, chairman and chief executive officer of Gallup, presenting “Good to Great? Or Lousy to Good? Achieving Sustainable Organic Growth Through Engaged Client Relationships”; and Seth Mattison, founder and chief movement officer of FutureSight Labs, presenting “The Great Business Shift—Building Next-Generation Enterprises for a Next-Generation Workforce”
Get more information and register online at staffingworld.net. ASA members get a discount, so join ASA and save even more.
The Conference Board Employment Trends Index Increased in May
Conference Board News Release (06/08/15)
The Conference Board Employment Trends Index increased in May. The index now stands at 128.60, up from a downwardly revised 128.10 in April. The change represents a 5.1% gain in the ETI compared with a year ago.
“In the past six months, the [ETI] has been growing at a 3.5% annual rate, which is solid, but slower than the rates of the past two years. We therefore expect employment to grow by about 200,000 new jobs per month, rather than the spectacular 250,000-300,000 we experienced in 2014,” says Gad Levanon, managing director of macroeconomic and labor market research at the Conference Board. “Given that the labor force is barely expanding, job growth of about 200,000 per month will be sufficient to continue rapidly lowering the unemployment rate.”
Reap Corporate Results—Read Staffing Success Magazine
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Free ASA Webinar Tomorrow—Use Tax Credits to Maximize Your Bottom Line
Don’t miss tomorrow’s ASA webinar “Manage ACA Costs With Work Opportunity Tax Credits,” 3–4 p.m. Eastern time. Learn how to take advantage of the Work Opportunity Tax Credit, a federally funded program that provides tax credits to businesses that hire individuals from targeted groups of unemployed workers.
All ASA webinars are free for ASA members, and most qualify for continuing education hours toward ASA certification renewal. To learn more and to register, visit americanstaffing.net.
Delayed Reporting of Workplace Injuries Can Raise Workers’ Compensation Claim Costs
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Florida Codifies and Extends Decision Prohibiting Pregnancy Discrimination
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Transgender Status in the Workplace—First an EEOC Issue and Now an OSHA Issue?
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Can Caucasian Employees Bring Race and National Origin Discrimination Claims?
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Search and Placement Employment Ticks Up in April
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Construction Firms Add 17,000 Jobs in May
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