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On July 1, 2024, Governor Newsom signed legislation that makes significant changes to California's notorious Private Attorneys General Act (PAGA) to become effective immediately as an urgency measure. While the new provisions provide some welcome relief to employers, they did not repeal PAGA and...
As previously reported here, the U.S. Department of Labor (USDOL) issued its final rule providing that, effective July 1, 2024, the salary threshold under the Fair Labor Standards Act (FLSA) for the white collar overtime exemptions would significantly increase. Specifically, the final rule provides...
On June 27, 2024, the Supreme Court released its highly anticipated opinion in Harrington v. Purdue Pharma L.P., Case No. 23-124. The question before the Court was whether the bankruptcy code authorizes a court to approve, as part of a chapter 11 plan, a release that extinguishes claims held by...
Stated simply, Working Capital = Current Assets - Current Liabilities. This equation helps a company (and its financing sources) understand whether it has enough short-term cash inflows to cover its short-term cash outflows, also referred to as liquidity. But it’s not as simple as that. And, because...
Litigation/Bankruptcy: Things That are Important in Contractual Negotiations Learn the do’s and don’ts when dealing with independent sales agents, weigh the pros and cons of attorney's fees, and gain insights into key contract considerations. Discover strategies to become a secure creditor and...
An overview of labor and employment law cases and regulatory actions with implications for the higher ed workplace. The University of California has taken legal action against United Auto Workers Local 4811, which represents some 48,000 academic workers and graduate students across UC’s multiple...
CHAPTER 11 - INDUSTRY FOCUS: Focus on Manufacturing Issues in chapter 11 cases of manufacturing companies vary from case to case, however, certain issues tend to arise in most chapter 11 cases involving one. This webinar addresses those issues. Among them: the treatment of leases, including...
The National Venture Capital Association (“ NVCA”) has recently (but without any fanfare) released substantively important revisions to its model legal documents, specifically, the Investor Rights Agreement, the Stock Purchase Agreement, and the Certificate of Incorporation. These changes address...
PHILADELPHIA, (JUNE 10, 2024) – Michael Petrizzo and Julia Taylor, corporate attorneys with more than 50 years of combined experience, have joined Saul Ewing LLP as new partners. While Ms. Taylor is resident in the firm’s Washington, D.C. office, Mr. Petrizzo is resident in Philadelphia with a...
On July 1, 2024, three ordinances go into effect that will alter critical employment laws for Cook County and Chicago businesses. These three ordinances are: (1) the Chicago Paid Leave and Paid Sick and Safe Leave Ordinance, (2) the One Fair Wage Ordinance, and (3) the Cook County’s Minimum Wage...
Saul Ewing LLP, a full-service national law firm, is proud to announce that Partner Dan Altchek was selected for The Daily Record’s 2024 Employment Law Power List. This group is composed of the most significant, influential and respected practitioners in the employment law sector in Maryland. To...
Work/Life Balance For Working Parents: What Does The Law Provide? This virtual program will cover legal updates on labor and employment laws focusing specifically on workplace accommodations and leaves of absence supporting working parents, including the new Pregnant Workers Fairness Act (PWFA)...
Under the recent Supreme Court Ruling of Muldrow v. City of St. Louis, employees no longer need to suffer “significant” harm to state a claim of discrimination under Title VII of the Civil Rights Act of 1964 (“Title VII”). Prior to the ruling, many lower courts had long required Title VII plaintiffs...
In a conversational 30-minute forum over Zoom, Saul Ewing attorneys hosted a monthly series discussing emerging industry developments and common issues that cannabis businesses face today. Interested in the full series? Find additional dates and topics. For questions, please contact Mary Brightman...
You can chase a lot of financial measures of your business, but nothing stacks up to cash flow. Like a boat captain on a rough sea, being able to see what is coming at you financially is absolutely invaluable. Cash flow models are the absolute go-to tool for reviewing companies in distress, yet they...