In the rapidly evolving world of employment law, an upcoming webinar promises to deliver value to professionals working in the sector. Goldberg Segalla partner, Philip Unwin, will spearhead this webinar, which aims to alleviate employers’ concerns and provide strategic ways to navigate through workers’ compensation exposure in New York. Scheduled for November 3rd, from 11:00…
The Third Annual “Navigating the Annual Meeting and Reporting Season” program, happening on November 16th in Houston, Texas, is set to be an invaluable learning event for anyone involved in meeting and report planning for public companies. Brought to you by Vinson & Elkins LLP, the event aims to provide insights into the regulatory landscape…
A pending case before the National Labor Relations Board (NLRB) is set to determine whether college athletes should be considered employees under federal labor law. The case, which began its hearings on November 7, has been filed against the National Collegiate Athletic Association (NCAA), the University of Southern California, and the Pac-12 Conference, and could…
Over the past few months, the landscape of corporate compliance has been significantly impacted following revisions to the SEC Clawback Rules. These rules, enforced by the US Securities and Exchange Commission (SEC), stipulate that all companies listed on the NYSE or Nasdaq must adopt new compliant clawback policies by December 1, 2023. This requirement extends…
The complex and knotted issue of compensation after a bank bailout has generated significant legal attention, particularly amongst corporate legal professionals, in recent years. One has only to glance at the litigation emanating from the Dutch SNS banking and insurance group’s nationalization to behold what a daunting task these compensation cases can turn out to…
The Internal Revenue Service (IRS) has recently made a notable change that could have significant implications for corporations and their legal departments. The IRS has issued Notice 2023-70, a development that increases the Patient-Centered Outcomes Research Institute (PCORI) fee. According to a report published on JD Supra by the Groom Law Group, Chartered, the PCORI…
Alabama employers and following legal professionals should now be aware of a change in the state’s tax code that will soon be taking effect. Beginning on January 1, 2024, the state will begin to offer certain tax exemptions for specific categories of overtime payments. These alterations will predominantly affect full-time hourly employees who work in…
The U.S. Department of Health & Human Services Office of the Inspector General (OIG) recently shared Advisory Opinion No. 23-07, demonstrating a positive response to a specific proposal. The Requestor, an unnamed entity, proposed to pay bonuses to its employed physicians based on the net profits earned from certain procedures conducted at ambulatory surgery centers…
The dynamics of the college sports arena are changing. An emergent solution to the demanding push to transform collegiate student-athletes into employees appears be on the horizon. With the disparity and lack of uniformity in state name, image, and likeness (NIL) laws causing an uneven playing field, sports bodies and universities are being forced to…
In their latest bulletin, issued in September 2023, the Colorado Natural Medicine Advisory highlights that the state’s regulated natural medicine program is beginning to find its footing after six months of operation. Notably, answers have been altering to overarching questions concerning the scope of practice for licensed facilitators and compensation specifics for Indigenous practitioners under…
Global labor and employment law firm Littler Mendelson has recently announced the addition of three new counsel members to their Asia-Pacific (APAC) regional office in Singapore. The new additions are Soowon Hong, Betty Lee, and Shiau Sang Tee. The firm disclosed the news in a statement on Monday. Soowon Hong, the former managing partner at…
On October 11, 2023, a significant event in the legal landscape took place: the annual Legal Summit hosted online by Cranfill Sumner LLP. Notable for its sharp focus on the latest legal developments in North Carolina, the summit featured insightful presentations by the firm’s attorneys on a wide variety of topics. These covered intriguing areas…
Brazilian President Luiz Inacio Lula da Silva recently vetoed multiple points of Bill 2903/2023, a legislation intended to establish management rules and a timeline for the demarcation of indigenous lands. The legislation, initially proposed as PL 490/2007, had been approved by the Federal Senate on September 27. Controversial aspects of the bill included setting a…
The Supreme Court of India recently issued several directives aimed at eradicating the prevailing practice of manual scavenging throughout the country. A key component of these directives revolves around a drastic increase in the compensation offered for injuries or fatalities faced by manual scavengers. Part of ensuring the “complete eradication” of this practice is facilitating…
In recent developments, the Environmental Protection Agency (EPA) has been pursuing the authority to establish a rule designating PFAS (per- and polyfluoroalkyl substances) as “hazardous substances” under the Comprehensive Environmental Response, Compensation & Liability Act (CERCLA), also known as the Superfund Act. The announcement was made in the earlier parts of 2022, and it marks…
In a move of deference to the highest court in Louisiana, the U.S. Fifth Circuit Court of Appeals has transferred a key legal question related to postproduction costs to the Louisiana Supreme Court for a final decision. The case in question, Self v. BPX Operating Company, hinges on the balancing act between the Louisiana Civil…
As legal professionals responsible for advising corporates and law firms alike, it’s vital to stay informed on emerging legal issues that could reshape the landscape we operate within. Recently, a meaningful shift can be observed towards increased scrutiny on affirmative action policies or practices in the private sector. A cautionary development has emerged surrounding the…
In the latest fiscal year, Microsoft’s chief legal officer, Brad Smith, experienced a significant reduction in total compensation – from $23.4 million to $18.1 million, representing a 23% decrease. This fall in remuneration is impacting Microsoft’s most senior echelons, according to recent filings with the U.S. Securities and Exchange Commission (SEC). Microsoft’s approach to executive…
The recent decision by the Fifth Circuit, stating that the government is not obligated to compensate a homeowner for a property destroyed in the law enforcement process, has left heads spinning among legal professionals. The notable case involves a Texas resident, Vicki Baker, whose house was wrecked during a standoff with her former handyman turned…
In the increasingly complex area of corporate and securities law, public companies face an array of challenges and regulatory shifts. As flagged in the October 2023 edition of the Public Company Watch, a monthly legal summary published by Paul Hastings LLP, there are several crucial areas of note that business legal teams should not overlook….
Salaries of partners in top law firms such as Hogan Lovells and Quinn Emanuel located in Washington are on an upward trajectory, with some high performing individuals and key lateral hires commanding compensation of over $5 million. An elite subset is even making between $15 million and $20 million, suggesting a significant shift in the…
In the aftermath of what has been called a ‘fabulous year,’ Quinn Emanuel announced that it will distribute special fall bonuses. This gesture follows a successful year in which the firm represented a host of high profile corporations and managed to secure landmark judgements in several cases. This move, seen as a reward for the…
Law firm compensation plans have been the subject of discussion with a growing apprehension among experts that they might inadvertently result in a loss of future leaders. As more firms are restructuring their pay scale to better reward high performing individuals, it raises concerns about the potential adverse impact on upcoming leadership among the ranks….
Right-wing conspiracy theorist Alex Jones, known for his infamous denial and deceitful conjectures about the Sandy Hook Elementary School shooting, found his request for relief under bankruptcy rebuffed by a judge. He now remains accountable for a total of $1.1 billion in defamation judgments, as two state courts—Texas and Connecticut—have categorically declared his conduct as…
The Internal Revenue Service’s (IRS) recent position on Name, Image, and Likeness (NIL) Collectives has sparked a significant legal conversation, particularly regarding their tax-exempt status. This move by the IRS may place entities that have formed non-profit organizations to pool donations and pay student athletes differently under the NIL agreements in a quandary. In a…