Alert
Published 02/09/2021
By Sarah Lockwood (Sally) Church, Dasha G. Brockmeyer, Andrew J. Daly
Services Employee Benefits and Executive Compensation
Many employers in both the for-profit as well as non-profit sectors have responded to the challenges of the pandemic through reductions in force. Depending upon the scope of these reductions in force, the retirement plans that these employers sponsor may have experienced a partial termination. The Tax Code’s partial termination rule applies to all retirement programs, including defined benefit plans, 401(k) plans and tax-deferred annuity programs under 403(b). Generally, partial terminations occur when a significant amount of active participants are no longer eligible to participate in the...
Alert
Published 02/09/2021
By Melissa A. Clarke
Services Environmental
On February 8, 2021, the New Jersey Department of Environmental Protection announced a Notice of Rule Waiver/Modification/Suspension , pursuant to Executive Order 103 (which declared a Public Health Emergency and State of Emergency), further extending certain remediation timeframes based on the unprecedented circumstances presented by the COVID-19 pandemic (“Temporary Rule Modification”). Perhaps most significantly, this Temporary Rule Modification grants a one-year extension to the May 2021 Remedial Action timeframe under the Site Remediation Reform Act (“SRRA”). Notices of Rule Waiver/...
Blog Post
Published 02/09/2021
By Judith B. Kassel, Sunu M. Pillai
Blog Post
Published 02/09/2021
By Sarah Lockwood Church, Andrew J. Daly, Dasha G. Brockmeyer
Alert
Published 02/08/2021
By Andrea P. Brockway, Tricia M. Kazinetz, Amy L. Piccola
Industries Higher Education
There has been a flurry of activity in the name, image, likeness (“NIL”) arena over the past several months. We previously discussed the NCAA’s about-face decision to permit student-athlete compensation, as well as related ongoing state and federal efforts, here , and the NCAA NIL Working Group’s recommendations here . Recently, the NCAA’s formal approval of its proposed rule permitting NIL compensation for certain endeavors by student-athletes was stymied by a January 8, 2021 letter from the Antitrust Division of the U.S. Department of Justice. In the letter, then Assistant Attorney General...
Article
Published 02/08/2021
Services Labor and Employment
Alert
Published 02/05/2021
By Judith B. Kassel, Sunu M Pillai
Industries Construction
Strengthening Buy American statutes have been a rare area of bipartisan agreement in the current fractured political climate. In the final days of the Trump Administration, the Department of Defense (“DOD”), General Services Administration, and National Aeronautics and Space Administration jointly issued new regulations, amending the Federal Acquisition Regulations (FAR) to implement Executive Order 13881, “Maximizing Use of American-Made Goods, Products, and Materials.” On January 25, 2021, President Biden signed Executive Order 14005, “Ensuring the Future Is Made in All of America by All of...
Alert
Published 02/04/2021
By Michael A. Finio
Services Antitrust
On February 1, the FTC gave notice that on February 2, new Hart-Scott-Rodino (“HSR”) thresholds would be published in the Federal Register, to take effect March 4, 2021. See Federal Register: Revised Jurisdictional Thresholds for Section 7A of the Clayton Act . For purposes of determining whether an HSR filing is required, and as a result of the COVID-19 related economic downturn, the new thresholds are a reduction from 2020 thresholds, as follows: In addition, for purposes of the prohibition against interlocking directorates, competing corporations must have capital, surplus and undivided...
Blog Post
Published 02/04/2021
By Dena B. Calo, Anamika Roy
Article
Published 02/03/2021
Services Commercial Litigation | Force Majeure Litigation | Litigation
Blog Post
Published 02/03/2021
By Ronald R. Fieldstone, Jay Rosen
Article
Published 02/02/2021
Industries Telecommunications
Blog Post
Published 02/02/2021
By Kevin M. Levy
Services : Labor and Employment
Alert
Published 02/01/2021
By William W. Warren
Services Regulatory Compliance and Government
Pennsylvania has required construction contractors to utilize minority and women businesses in state-funded construction since 1987. Within a short period of time, a parallel program was adopted for service contracting, where entities identified as “Socially or Economically Restricted Businesses” were given a degree of opportunity to provide services as prime vendors or more often as subcontractors. Of particular interest has been the impact of the services program in the information technology (“IT”) arena. In the intervening years, the program to cultivate IT services provided by small...
Consolidated Article
Published 01/29/2021
Services Securities Transactions and Regulations
Books
Published 2021
By Justin Ettelson, Michael Gold, Mark Gruhin, Andrew Barris, Jourdan Garvey
Services Securities Transactions and Regulations
Saul Ewing Arnstein & Lehr securities attorneys Justin B. Ettelson, Michael A. Gold, Mark I. Gruhin, Andrew F. Barris and Jourdan S. Garvey have co-edited the 2021 edition of SEC Reporting Rules books.* For those responsible for filing reports with the SEC for public companies, the 2021 SEC Reporting Rules books are particularly valuable because they present the rules in one place in a user-friendly format. The books interweave Regulation S-K or the proxy rules, as applicable, with the text of the disclosure form, thus eliminating having to use multiple sources to get the full disclosure...