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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.
IT Worker Confidence Hits New Record High in Mid-Year 2015
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An Enduring Mystery of the ‘Gig Economy’: Why Are So Few People Self-Employed?
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Labor Shortages Trip Up Big Home Builders
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Team Health Holdings Inc. Announces Preliminary 2015 Third-Quarter Results
TeamHealth Holdings News Release (10/23/15)
Team Health Holdings Inc. released preliminary financial and operating results for the third quarter of 2015. Net revenue is expected to be $899.2 million, up 26.2% from the third quarter of 2014.
Kansas City Fed: Manufacturing Activity Stabilizes in October
Federal Reserve Bank of Kansas City (10/22/15)
Manufacturing activity in the Plains states steadied somewhat in October following September’s more negative reading, according to the Federal Reserve Bank of Kansas City, and expectations for future activity were largely flat.
The month-to-month composite index was -1 in October, up from -8 in September. The majority of other month-to-month indexes edged higher but still remained sluggish. The production index increased from 1 to 4, and the shipments, employment, and order backlog indexes also improved somewhat but stayed negative. The new orders index jumped from -8 to 7, its highest level in 10 months.
Welcome New ASA Members
The ASA board of directors and staff welcome the following new members, which joined during the week ending Oct. 18.
ASAP MedStaff
Lansing, MI
Avant Group LLC
Durham, NC
createselect Inc.
New York, NY
Infinity MedStaff
Oklahoma City, OK
International Financial Group of Chicago LLC
Chicago, IL
Queen Consulting Group Inc.
Boston, MA
US Staffing Agency of West Michigan LLC
Jackson, MI
Online Registration for Staffing World® Ends Today
It’s almost time for the most important industry event for staffing professionals—Staffing World 2015. The ASA annual convention and expo starts Tuesday, Oct. 27, and continues through Oct. 29 in Nashville, TN. Online registration ends today at 5 p.m. Eastern time.
Keep up with what’s going on while you’re at the convention—download the free Staffing World 2015 mobile app, which lets you access session descriptions, speaker bios, and much more. It’s available in the App Store, for the iPhone and iPad, and in the Android Market—search for “Staffing World 2015.”
Today is the last day to register online at staffingworld.net. On-site registration opens Tuesday, Oct. 27, at 8 a.m. in the Ryman Exhibit Hall Foyer at the Gaylord Opryland Resort & Convention Center.
What’s Trending on ASA Central Right Now
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Refresher: Wage and Hour Law in Georgia
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