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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.
Fed’s Mester Strongly Backs U.S. Rate Hike as Prudent First Step
Reuters (01/03/16) Jonathan Spicer; Ann Saphir
Cleveland Fed President Loretta Mester called the U.S. Federal Reserve’s interest rate hike last month a prudent first step to a more normal policy era. The move, she added, signaled the Fed’s growing confidence that the U.S. economy will continue to improve. Mester, a somewhat hawkish policymaker, was also fairly bullish on the economy’s prospects. She forecasts “above trend” gross domestic product growth of 2.5% to 2.75% for the fourth quarter of 2015 and for all of the new year, along with an inflation rebound as the effects of the strong dollar and weak commodities wane.
Additional Free ASA Webinars Coming This Month
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Free ASA Webinar This Week—ACA Employer Reporting Rules
If your firm had 50 or more full-time employees in 2014, you have reporting obligations for 2015 under the Affordable Care Act. Learn about the employer reporting rules from ASA outside benefits counsel Alden J. Bianchi of Mintz, Levin, Cohn, Ferris, Glovsky & Popeo PC during the ASA webinar “2015 ACA Employer Reporting—Final Checklist.” It takes place Thursday, Jan. 7, 3–4 p.m. Eastern time.
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.
Plan to Attend These Upcoming ASA Webinars
The next few weeks will be full of education from ASA to help you learn how to handle challenging conversations and how to teach clients to communicate better with candidates.
Jan. 19—”Delivering Tough News to Applicants, Employees, and Customers”
Get guidance on how to handle challenging or uncomfortable conversations with candidates, employees, and clients.
Jan. 28—”Teaching Clients to Keep Candidates Engaged”
Find out how to work with clients and teach them how to communicate better with candidates so they can close deals with top talent.
ASA webinars are $295 for nonmembers and qualify for continuing education hours toward ASA certification renewal. Join ASA and enjoy ASA webinars for FREE.
Reserve Your Spot at 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 reached capacity in recent years—secure your seat today for this year’s conference, April 20–21 at Gaylord National Resort & Convention Center in metro Washington, DC.
ASA-certified professionals can earn continuing education hours, including legal CE. Register now at staffinglawconference.net, and watch for additional details in the weeks ahead.
California’s 2016 Employment Laws, Their Effects, and Recommendations for Compliance
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More Clarity on New Jersey’s Ban the Box Law: Department of Labor’s Final Regulations and Guidance, Effective Immediately
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Noncompete Distance Measured as the ‘Crow Flies’ in Ohio
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Ninth Circuit Deems HR Director’s Reports FLSA Complaint Under US Supreme Court’s Kasten ‘Fair Notice’ Standard
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Granting Nonexempt Workers After-Hour Access to Company’s Email System: Are You Emailing Your Way to a Wage and Hour Lawsuit?
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CFOs and CEOs Turn Pessimistic in Fourth Quarter
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The End of Lawyers? Not So Fast.
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