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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.
Volt Information Sciences Inc. Reports First Quarter Fiscal 2020 Results
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Coronavirus to Trigger U.S. Economic Contraction in Second Quarter
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Staffing Employment Eased in 2019
Following the record highs posted in 2018, full-year 2019 data released today by the American Staffing Association show how talent supply constraints continue to challenge providers of workforce solutions. U.S. staffing companies employed an average of 3.1 million temporary and contract workers per week in 2019, compared with 3.2 million in 2018—which was the highest on record.
“In this tight labor market, staffing agencies have more orders than they can fill—which is great for job seekers looking for immediate employment opportunities,” said Richard Wahlquist, ASA president and chief executive officer.
ASA data show average weekly staffing employment increased 1.4% in 2018 before easing 4.1% in 2019. Annual temporary and contract staffing sales in 2019 totaled $136.7 billion, 1.3% less than the record high of $138.4 billion in 2018.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending March 8.
Alist LLC
Olathe, KS
J & A Hospitality Staffing Inc.
Washington, DC
Key Staffing Inc.
Bakersfield, CA
Learning Technology Solutions
Moscow, OH
Mitchell Martin
New York, NY
Can Employers Complete the Form I-9 Remotely?
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Settling an OSHA Citation With Enhanced Abatements? Consider Potential COVID-19 Implications
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Eighth Circuit Maintains High Bar for Hostile Work Environment Claims
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ADA Allows Employers to Offer ‘Last Chance’ to Employees After Alcohol or Drug Violations
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Inside Threats and Defending Against Data Breaches
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Paid Leave and Coronavirus Considerations—Colorado Emergency Paid Sick Leave Rules in Effect
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New York State and City Issue COVID-19 Guidance on Monitoring, Quarantines, and Testing
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Questions Regarding Coronavirus in the Oregon Employment Context
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More Than Half of U.S. Employees Intend to Stay in Current Jobs
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