Ninth Circuit Ruling Sheds Light on Indirect Compensation and Service Agreement Modifications

In a recent court ruling which is causing ripples in the legal sector of employee benefits, the Ninth Circuit Court concluded that plan fiduciaries were engaged in prohibited transactions following the modification of an existing recordkeeping contract, including the addition of brokerage and investment advisory services. This legal development is covered in detail by JDSupra….

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VETS-4212 Report Deadline Looms for Federal Contractors: Compliance Crucial for Veteran Employment Efforts

With the deadline for filing the VETS-4212 Reports quickly closing in, it’s crucial for federal contractors and subcontractors to take note. Those meeting the VEVRAA eligibility threshold, referred to as ‘Covered Contractors,’ have until September 30, 2023, to file their reports. This is a legal requirement that can severely impact the status of their contracts…

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Limitations of FAA’s Transportation Worker Exemption in Business-to-Business Contracts

In a recent development, the Federal Arbitration Act’s (FAA) “Transportation Worker” exemption has not been deemed applicable to contracts between businesses. According to a report published on JD Supra, this results from a dispute that occurred between Amazon and one of its “delivery service partners.” Amazon, post this dispute, sought to compel arbitration following an…

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California’s Cross-Border Non-Compete Clampdown: A New Chapter in Employment Law

For employees considering a move from cooler climates to warmer ones, California is likely becoming a top choice. As of September 1, 2023, Governor Newsom signed into law legislation that extends the state’s restrictions on non-compete agreements to those contracts drafted and signed outside of California. This new legislation will be effective from January 1,…

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New York Labor Law Amendments: Implications for Employers on Privacy, Benefits, and IP Rights

In a significant legislative development for employers across the state, Governor Kathy Hochul has signed four bills amending the New York Labor Law. These bills cater to critical aspects relevant to employers, including handling social media account information, unemployment benefits notification, mandatory meetings about political and religious beliefs, and invention assignment provisions in employment contracts….

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USDOL Proposes Changes to Davis Bacon Act: Implications for Prevailing Wage Cases and Construction Workers

The United States Department of Labor (USDOL) has proposed modifications to the manner in which wages under the Davis Bacon Act (DBA) are calculated, a move that appears to favor employees. This decades-old legislation has been the foundation for numerous prevailing wage cases and the proposed changes raise interesting implications for legal professionals in the…

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California Law Challenges Non-Solicitation Clauses, Increasing Risks for Corporations and Law Firms

In the ever-evolving landscape of employment law, recent developments have amplified potential risks associated with non-solicitation clauses in California. This has cast a profound effect on corporations and firms aiming to retain top talent and prevent poaching. There’s been always a certain degree of ambiguity around the enforceability of employee non-solicitation provisions, which seek to…

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CFTC Targets DeFi Platforms: Signaling Regulatory Shift in Decentralized Finance

In a significant move toward regulatory oversight in the decentralized finance (DeFi) space, the Commodity Futures Trading Commission (CFTC) has simultaneously filed and settled charges against three DeFi platforms on September 7, 2023. Details on the crackdown reveal that the platforms involved offered, or made available for trading, contracts based on various cryptocurrencies and digital…

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Demystifying the Legal Landscape of Blockchain, Web3, and Cryptocurrencies: Polsinelli’s Bi-Weekly Bulletin Highlights

The legal parameters and implications of digital ledger technologies continue to be a topic of rigorous scrutiny among legal professionals. This iteration of Polsinelli’s Bi-Weekly Blockchain+ bulletin serves as another significant roundup of key stories that navigate this very intersection of blockchain, Web3, crypto ecosystems and U.S. law. The bulletin, viewable here, includes insights curated…

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Blue Heron Capital Surpasses Expectations, Closes $102 Million Fund for Healthcare and Tech Firms

Blue Heron Capital, a growth equity firm specializing in healthcare and tech-enabled business services, has reportedly successfully closed its latest fund, accumulating a total of $102 million. This financing news has sparked interest in the legal and corporate world, with the prospects of investment in healthcare and tech firms likely to impact market dynamics. According…

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Fairfax County Advances ‘Parking Reimagined’ Initiative: Potential Impact on Businesses and Law Firms

In a significant development, Virginia’s Fairfax County ‘Parking Reimagined’ project has taken a substantial step towards adoption following a favorable recommendation from the Fairfax County Planning Commission. On September 13, 2023, the Commission released a vote suggesting approval to the Fairfax County Board of Supervisors. This recommendation appears to endorse a progressive redesigning of the…

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Redefining Construction Contracts: Navigating Legal Challenges in Smart Infrastructure Projects

As industries across the globe adapt to the rapid advancements in technology, the construction industry is no exception. As it stands, standard form construction contracts don’t fully address the unique challenges posed by ‘Smart Infrastructure,’ a term coined to represent infrastructure projects that integrate both digital and physical elements. The analysis by Hogan Lovells highlights…

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California Intensifies Labor Protections with Senate Bill 699: Impact on Noncompete Agreements and Businesses

In a significant move for the business landscape, California Governor Gavin Newsom recently signed Senate Bill (SB) 699, tightening prohibitions on noncompete agreements as well as other restrictive covenants for businesses. This legislative development provides further protection for employees, essentially reinforcing the state’s reputation as being fiercely protective of labor rights. SB 699 brings changes…

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