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On January 10, 2024, the U.S. Department of Labor (“DOL”) unveiled the long-awaited Final Rule explaining when and how employers can qualify workers as independent contractors under federal law. The new Rule, which takes effect on March 11, 2024, restores and clarifies a multifactor test known as...
Welcome to Saul Ewing’s Public Companies Quarterly Update series. Our intent is to, on a quarterly basis, highlight important legal developments of which we think public companies should be aware. This edition is related to developments during the fourth quarter of 2023. If you would like to discuss...
Minnesota Enacts Paid Family and Medical Leave Legislation The 2023 Minnesota legislative session was a busy one. From the elimination of non-competes, to changes to the Minnesota Drugs and Alcohol in the Workplace Act, to statewide paid sick and safe leave, there has been no shortage of change that...
For all “reporting companies” created or registered on or after January 1, 2024, information concerning the “beneficial owners” of the reporting company must be reported to the Financial Crimes Enforcement Network (“FinCEN”) along with information concerning “company applicants.” As a result, both...
A 2023 update on corporate litigation in the Delaware Court of Chancery, as well as an update on the annual amendments made to the General Corporation Law of the State of Delaware and alternative entity acts, which were all effective as of August 1, 2023. The material statutory amendments discussed...
As always, the State Legislature had much to say about employers in the state. While the new laws impose expansive obligations on employers, it could have been worse: many onerous laws either did not pass or were not signed by the Governor. Except as indicated below, the new laws become effective...
Where to Incorporate - Comparing PA, DE and NJ 2023 Is your client looking to relocate, expand, or successfully establish a startup? Before a business plan can be finalized, your client will have to decide which state will be the official, legal home for the business. Choosing the best state for...
Introduction The introduction to the final regulations issued under the Corporate Transparency Act (“CTA”) by the Financial Crimes Enforcement Network of the United States Treasury (“FinCEN”) states that, “[i]llicit actors frequently use corporate structures such as shell and front companies to...
On November 21, 2023, the Federal Trade Commission (FTC) approved a resolution allowing it to use “compulsory process in nonpublic investigations involving certain products and services that use or claim to be produced using artificial intelligence (AI) or claim to detect its use.” This allows the...
“Company applicants” — the term may sound vague, but the identities of “company applicants” of reporting companies are just as important under the new federal Corporate Transparency Act (the “CTA”) as the identities of the beneficial owners of those companies. What You Need to Know: The era of...
What is the Chicago Paid Leave and Paid Sick and Safe Leave Ordinance? On November 9, 2023, the Chicago City Council passed the Chicago Paid Leave and Paid Sick and Safe Leave Ordinance (the “Ordinance”), which goes into effect on December 31, 2023, and increases the required amount of paid time off...
EEOC Onsite Investigations: Employer Best Practices for Preparing for and Cooperating With Investigators This CLE course will explain the latest legal developments regarding EEOC onsite investigations, including what employers should expect from onsite investigators, how employers can prepare for...
Employee Accommodations – Mental Health in the Workplace This session addresses the challenges of both mandated and employer-provided accommodations related to mental health in the workplace. With the increase in mental health issues triggered by the pandemic, our presenters will review...