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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.
PRO Unlimited to Acquire Workforce Logiq
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RASi, a Lexitas Company, Acquires Precision Corporate Services Inc.
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Headway Workforce Solutions Sells PathGoal Employer Services
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Governor Directs $125M to Boost Hospital Staff in Georgia
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Free ASA Webinar Tomorrow—Understanding Your Company Financials
Don’t miss tomorrow’s ASA webinar “Financial Acumen for Staffing Leaders Webinar Series, Part 2: Financial Analysis and Strategy for Staffing Executives,” 3–4 p.m. Eastern time. In the second session of this two-part webinar series, two chief financial officers take a deeper dive into the financials that affect staffing firms. Presented by the ASA women in leadership interest group, which is sponsored by ASA corporate partners Bullhorn and Essential StaffCARE, and by Anthem, Assurance, ClearEdge Marketing, Mee Derby, Sense HQ, and WorkN.
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.
Free ASA Webinar Next Week—Improving Diversity in Staffing
Research shows that diversity, equity, and inclusion (commonly referred to as DEI) in the staffing industry has lots of room for improvement. Where exactly are the challenges? What can staffing firms do to improve DEI in their workplaces? Find out during the ASA webinar “Diversity, Equity, and Inclusion in Staffing—From Measurement to Improvement,” sponsored by ASA corporate partner ClearlyRated. It takes place Wednesday, Aug. 25, 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.
Justice Department Settles Claim Against IT Staffing Firm for Discriminating Against U.S. Workers
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Bolder, Broader ‘Ban the Box’ Laws: How to Navigate Ever-Changing Criminal History Requirements
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Reminder: New York’s HERO Act Requires Employers to Take Action on Airborne Infectious Disease Prevention Plans
In June, New York Gov. Cuomo signed into law S 6768, amending certain provisions of the New York Health and Essential Rights Act (the “HERO Act”). The HERO Act requires most New York staffing firms and other employers to create airborne infectious disease prevention plans. The HERO Act also requires staffing firms and other employers with at least 10 employees to permit their employees to establish joint labor-management workplace safety committees.
This issue paper from the New York Staffing Association, an ASA-affiliated chapter, addresses the HERO Act’s requirements and identifies certain open questions with respect to employers’ obligations.
Are Noncompetition and Nonsolicitation Clauses Really Enforceable in Michigan?
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What Does New Orleans’ Proof of Vaccination Requirement Mean for Employers?
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