Legal News

On September 9, 2019, the U.S. Department of the Treasury issued proposed regulations that would limit the ability of certain corporations to utilize prior year losses, potentially increasing the tax burden of such corporations....By: Locke Lord LLP

Late last month the Department of Labor finally released its regulations for calculating overtime eligibility under the Fair Labor Standards Act.The final rule becomes effective on January 1, 2020....By: Locke Lord LLP

There were several notable court and administrative cases over the past two months, but they were overshadowed by a legislative matter: the enactment of Assembly Bill 5 in California, which was the subject of our September 11, 2019 blog post entitled...By: Locke Lord LLP

Merger agreements entered into by Delaware corporations commonly include fiduciary out provisions in order to satisfy director fiduciary duty requirements to secure the best value reasonably available to stockholders under the Revlon rule. The...By: Locke Lord LLP

In recent months, New York has implemented several changes to its discrimination and sexual ?harassment law, many of which are effective in the coming month. ?...By: Locke Lord LLP

The latest version of Assembly Bill 5, which codifies the California Supreme Court’s Dynamex decision that was issued in April 2018, is about to become law. Dynamex created a so-called ABC test requiring companies to satisfy each of three strict...By: Locke Lord LLP

Most corporate lawyers and investment professionals are probably familiar with the reporting requirements that apply to large corporate mergers and acquisitions. Under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the “HSR Act”), parties...By: Locke Lord LLP

By September 30, 2019, businesses with 100 or more employees must provide pay information categorized by race, ethnicity, and sex for calendar years 2017 and 2018. For many businesses, this means reviewing their internal systems and coordinating...By: Locke Lord LLP

The National Labor Relations Board earlier today held that a courier services company misclassified drivers as independent contractors instead of employees, who are protected under the National Labor Relations Act....By: Locke Lord LLP

Although employees won’t be able to receive the benefits of the new Massachusetts Paid Family and Medical Leave (“MAPFML”) law until 2021, employers’ obligations under the legislation begin on September 30....By: Locke Lord LLP