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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.
U.S. Braces for Sharp Economic Downturn as Coronavirus Bears Down
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Industrial Output Shows Strength in February, Just Prior to Coronavirus Disruption
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Free ASA Webinar Today—Keeping Temporary Workers Safe
Don’t miss the ASA webinar “Keeping Your Workers Safe and Your Firm Compliant, Part 3.” It takes place today from 2 to 3:30 p.m. Eastern time. In the final session of a three-part series on compliance best practices for industrial staffing, find out how to comply with the U.S. Occupational Safety and Health Administration’s bulletin on the control of hazardous energy (through lockout and tagout procedures). This webinar is sponsored by Bullhorn.
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.
Tell ASA: What Staffing Industry Resources Do You Use?
Are you getting what you need from your association? To help ensure that members are getting the most useful tools and resources, ASA would like to better understand what resources and other tools you use to keep up-to-date and stay engaged within the staffing industry.
Last week, ASA sent staffing professionals a link to a questionnaire, which should take only five minutes to complete.
In appreciation of your input, when you submit your responses you will be entered into a drawing for a chance to win one of five $100 Amazon gift cards (or have a charitable donation made on your behalf). Responses are due this Friday, March 20.
If you have any questions or did not receive a survey link, contact the ASA research team at research@americanstaffing.net.
Congress Makes Significant Changes to Proposed FMLA and Sick Leave Requirements in COVID-19 Bill
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Form I-9 Compliance Amid Global Pandemic
Many employers have been instituting “work from home” policies where possible during the COVID-19 outbreak, and they have made inquiries about whether U.S. Immigration and Customs Enforcement has provided any guidance on adjusting the requirements relating to the Form I-9 during this unusual time.
A letter has been sent to ICE asking for leniency, but there has been no official response yet. In reviewing how ICE handled other prior crises (e.g., Sept. 11 and Hurricane Katrina), attorneys can anticipate certain determinations.
With regard to the timely completion of the Form I-9, employers should document any change in business operations due to the COVID-19 crisis and recognize that if a business is closed on a specific day, that is not a business day for purposes of counting the timely completion of Form I-9.
If business continues to operate with many employees working from home, there would still need to be a timely completion of the Form I-9, and original documents would need to be reviewed. Employers may rely on “designated authorized representatives” to act on their behalf. An employer remains liable for Form I-9 compliance, even when forms are completed by designated representatives.
Webinar: COVID-19 Update With NSC and NIOSH
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Tax Law Changes Make Life Harder for Firms Facing Coronavirus Losses
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USCIS Announces Temporary Suspension of Premium Processing for FY2021 Cap-Subject Petitions
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Staffing Firm Cannot Avoid FLSA Liability for Doctored Time Records by Blaming Its Agent
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California Supreme Court Holds That Individual Settlements Do Not Preclude Claims Under PAGA
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New Jersey WARN Act Creates Risk for Closures and Mass Layoffs
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Coronavirus Also Impacts Employee Mental Health
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