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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.
Georgia Department of Labor Issues Emergency Rule Requiring Employers to File Claims for Employees Affected By COVID-19
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Ohio Mass Layoff Instruction Sheet and Unemployment Expansions Amid COVID-19 Crisis
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ASA Staffing Index: Staffing Employment Dips Due to Pandemic
Staffing employment for the week of March 9–15 eased 0.6% from the prior week, edging down to a value of 85, according to the ASA Staffing Index. Survey respondents cited the COVID-19 pandemic as the main factor contributing to the contraction. Temporary and contract staffing jobs were down 8.1% from the same week last year and below the historical average of 88 for the comparative week.
The ASA Staffing Index average for the four weeks ending March 15 held at a rounded value of 86, although temporary and contract staffing jobs were down 7.2% from the same period in 2019.
This week, containing the 12th day of the month, will be used in the March monthly employment situation report scheduled that will be issued by the U.S. Bureau of Labor Statistics April 3.
Recording Available—Free ASA Webinar on the Coronavirus Response Act
On March 18, the president signed into law the Families First Coronavirus Response Act, which temporarily provides for expanded paid leave for employees. During the ASA webinar “The Families First Coronavirus Response Act—What It Means for Staffing Firms,” a panel of attorneys discussed the law’s leave mandates and looked at staffing firms’ obligations under the new law.
If you missed the webinar, you can access the on-demand recording for free. This webinar is sponsored by Essential StaffCARE.
CVS to Hire 50,000 Workers, Gives Bonuses to Employees Amid Coronavirus Pandemic
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New Jersey Department of Labor Issues Guidance on COVID-19
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North Carolina and South Carolina Unemployment Claims and COVID-19
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San Francisco to Provide Expanded Paid Sick Leave for Workers Impacted by Coronavirus
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Treasury, IRS, and Department of Labor Announce Plan to Implement Coronavirus-Related Paid Leave for Workers and Tax Credits for Small and Midsize Businesses
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