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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.
Kansas City Fed: Manufacturing Activity Drops Significantly in March
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ASA Staffing Index Offers Weekly Updates on Employment Trends
Looking for real-time data on staffing employment? The ASA Staffing Index reports weekly changes in the number of people employed in temporary and contract work. The data will help your firm evaluate its performance against a national metric on both a weekly and long-term basis.
All staffing firms with U.S. operations are invited to participate in the ASA Staffing Index survey. Every Tuesday, participants receive an email with the results of the weekly survey, including figures by company size, and access to historical data and new dynamic charts. These data, which are not available anywhere else, allow staffing firms to compare how their business is doing on a weekly basis relative to similarly sized firms in the industry. There are no fees to participate in the three-question survey.
Don’t get stuck with outdated or unreliable data—sign up to participate in the ASA Staffing Index and receive the most up-to-date information about the staffing industry. For more information about the index, visit americanstaffing.net/staffing-index.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending March 22.
Co-Staff
Delavan, WI
FlexProfessionals
Fairfax, VA
Long’s Human Resource Services
Mobile, AL
RRI Personnel Solutions Inc.
Purchase, NY
DOL Provides Additional Guidance on Paid Leave Under the Families First Coronavirus Response Act
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DOL Answers More Questions About Families First Coronavirus Response Act
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U.S. Department of Labor Issues Three New Wage and Hour Opinion Letters
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Current Economic Relief Opportunities for Small Businesses Impacted by the COVID-19 Outbreak in the CARES Act
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Washington Governor Amends ‘Stay Home’ Order
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New Jersey Employers Prohibited From Terminating Employees for Time Off in Connection With COVID-19
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Indiana DWD Shares New COVID-19 Unemployment and Layoff Information
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Employee Benefits Issues to Consider Before Deciding to Furlough or Terminate Employees During the COVID-19 Pandemic
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Cutting Exempt Employee Salaries for Slowdowns Resulting From Virus Is Legal—but Be Very Careful
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Who’s Hiring Amid Coronavirus Layoffs
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Employers Face Significant Health Care Benefit Cost Increases From COVID-19
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