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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.
Kelly Reports Second-Quarter 2024 Earnings
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PageGroup Reports Half-Year Results
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Upwork Reports Second Quarter 2024 Financial Results
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RCM Technologies Inc. Announces Second Quarter Results
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BGSF Inc. Reports Second Quarter 2024 Financial Results
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U.S. Weekly Jobless Claims Fell More Than Expected Last Week
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Make the Most of Your Staffing World Experience—Add a Preconvention Program
Staffing World® is the anchor industry event for the entire workforce solutions ecosystem, bringing together all functions, experience levels, and segments of the staffing industry for unprecedented learning, networking, and collective advancement.
When you come to this year’s ASA annual convention and expo, Oct. 22–24 at the Gaylord Opryland Resort and Convention Center in Nashville, TN, you can also take advantage of one of the preconvention programs that will take place before the convention begins
- Unlock Sales Potential: High-Impact Techniques for Staffing Excellence—Robert Reid of Butler Street will share techniques to help you boost your sales skills and communication strategies
- Build a Sustainable Strengths-Based Culture—industry veteran Kelly Merbler will explain how to use Gallup’s CliftonStrengths talent assessment to improve employee engagement outcomes
These preconvention programs take place Tuesday, Oct. 22, from 9 a.m. to 2 p.m.; separate registration is required. Visit staffingworld.net to learn more and register.
The Latest From Your Colleagues on ASA Central
ASA Central—the dynamic online community just for staffing professionals—is home to more than 27,000 staffing professional profiles and countless ongoing industry conversations.
This week, take a look at your colleagues’ discussions and some of the blogs they’ve posted on ASA Central:
- Employee motivation tactics
- Legal and legislative week in review
- Status of recruiting company franchisees
Get involved with the community—update your profile today so you can network with colleagues, join a section community, recommend and comment on your colleagues’ posts, and share your own blog or discussion post. Log in to ASA Central now.
Michigan Reinstates Original Paid Sick Leave Law—Temporary Employees to Be Covered Starting Next Year
The Supreme Court of Michigan has issued the last word on the status of paid sick leave in the state. In a July 31 ruling, the court reinstated 2018 voter-approved ballot initiatives raising the state minimum wage and requiring employers to provide employees with paid sick leave. The ruling means that staffing agency temporary employees, who thus far have been excluded, will become eligible for paid sick leave effective Feb. 21, 2025.
Illinois DOL Withdraws Proposed Temporary Worker Rules
The Illinois Department of Labor has withdrawn proposed regulations implementing the equal pay and benefits amendments to the Day and Temporary Labor Services Act enacted last year. The proposed rules were issued Aug. 7, 2023, and ASA filed extensive comments pointing out the need for greater clarity.
In a notice published July 26 in the Illinois Register, DOL stated that it was withdrawing the proposal for the purpose of incorporating recent amendments to the act that were passed by the legislature and that a revised proposal will be made once the amendments become law.
ASA, the Staffing Services Association of Illinois, and three staffing agencies sued the state last year to enjoin the equal pay and benefits mandate; in March, a federal court issued an injunction blocking enforcement of the benefits portion of the mandate. The case is under appeal.
Connecticut Supreme Court Adopts Federal Definition of ‘Supervisor’ for State Law Hostile Work Environment Claims
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Does Federal Immigration Law Pre-Empt State Pay Transparency Laws?
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New Illinois Worker Freedom of Speech Act May Limit Employers’ Freedoms
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New Louisiana Laws Take Effect in July and August 2024
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Payscale: U.S. Employers Forecast 3.5% Pay Increases in 2025
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Nearly a Third of Workers Would Feel More Comfortable Using AI if Training Was Offered
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