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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.
Consumer Sentiment Rises Slightly, Remains Depressed
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PMI Drops to Five-Month Low as Production Hampered by Ongoing Material and Labor Shortages
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Frackers Fear Vaccine Mandate Will Worsen Worker Crunch
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ASA Concludes Successful Convention; Names 2022 Leaders
At the annual membership meeting held last week during Staffing World®, the ASA annual convention and expo, association members elected eight directors:
Susan Dietrich, AllTek Staffing and Resource Group
W. Benjamin “Ben” Elliott, Randstad
Tom Gimbel, LaSalle Network
Karenjo Goodwin, Exact Staff
Ranjini Poddar, Artech LLC
Mark Toth, CSP, ManpowerGroup
Steve Wehn, AMN Healthcare
DeLibra Wesley, National Recruiting Consultants
The board elected officers:
W. Benjamin “Ben” Elliott, Randstad, chairman
Threase Baker, TSC, CSP, Abbtech Professional Resources Inc., first vice chairman
Joanie Bily, EmployBridge Holding Co., second vice chairman
Jeff Bowling, Curative, treasurer
Tom Gimbel, LaSalle Network, secretary
Other directors currently serving on the board are Jeffrey S. Burnett, CSP, Labor Finders International Inc.; John A. Elwood, CSP, Elwood Staffing; James A. Essey, CSP, TemPositions Group of Cos.; Robert A. Funk, Express Employment Professionals; Jeff Harris, Workforce Unlimited; Kristen Harris, CSP, Portfolio Creative; Chris Hartman, Allegis Group; Janette Marx, Airswift; Kelly McCreight, CSP, Hamilton-Ryker; Peter W. Quigley, Kelly; Joyce Russell, Adecco Group US Foundation (immediate past chairman); Leo Sheridan, Advanced Group; Ken Taunton, CSC, Royster Group. Representatives from 12 independent firms and 12 national companies serve on the board of directors. For brief bios, visit americanstaffing.net.
Jump-Start New Hires’ Success With the ASA Online Onboarding Program
Prepare your team with the industry-specific information they need to represent your company in the best way—or give new employees the best possible first impression of the industry and your firm. The online staffing professional onboarding course program from ASA equips your team with essential industry knowledge.
The online course modules include “Introduction to the Staffing Industry,” “Fundamentals of Sales,” and “Fundamentals of Recruiting.” To learn more about these courses, to purchase courses for yourself, or to assign courses to others in your company, visit learn.americanstaffing.net or call 703-253-2020.
Employers Beware: Private Arbitration Agreements Won’t Stop DOL Lawsuits
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Covid-19: Legal Considerations and Best Practices for Employers Processing Vaccination Data
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Washington’s Travel Time Trap for Employers
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Washington Minimum Wage to Increase
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October Brings Changes to DC Universal Paid Leave Law and DC Family and Medical Leave Act
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Majority of HR Leaders Are Concerned About Employee Turnover in the Immediate Future
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Construction Spending Stalls Between July and August
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Generation Z and the Manufacturing Sector
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