Legal News

Welcome to your weekly update from the Allen & Overy Pensions team, bringing you up to speed on the latest legal and regulatory developments in the world of occupational pensions.? Please see full article below for more information....By: Allen & Overy LLP

In re Appraisal of Columbia Pipeline Group, Inc., Cons. C.A. Nos. 12736-VCL (Del. Ch. Aug. 12, 2019). In Columbia Pipeline Group, the Court of Chancery applied the appraisal precepts established by the recent appellate precedent in DFC, Dell and...By: Morris James LLP

The STEM OPT program allows foreign students who have graduated from a U.S. STEM-degree program to gain paid, on-the-job “Optional Practical Training (“OPT”) that supplements and directly relates to the knowledge and skills gained in their academic...By: Shipman & Goodwin LLP

The U.S. Department of Labor (DOL) issued its long-awaited Final Rule stating that all employees who make less than $684 a week, or $35,568 per year, must earn overtime pay. This new requirement replaces the current threshold of $465 per week, or...By: Akerman LLP

Are you an employer in New York State or New York City?  Did you comply with the new sexual harassment training law yet?  As previously covered by HRLegalist, on October 9, 2018, the State of New York imposed on both public and private employers,...By: Obermayer Rebmann Maxwell & Hippel LLP

The U.S. Department of Labor (DOL) has increased the salary threshold for employees to be considered exempt from overtime pay under the Fair Labor Standards Act. As the first increase in 15 years, employees will now need to earn $684 per week...By: Hirschfeld Kraemer LLP

First things first, I’m sorry about the title; I couldn’t resist. The longer, alternate title would have been “Rest In Peace – the Past Performance Information Retrieval System Sleeps with the Fishes.” But that doesn’t have the same kind of obscure,...By: Sheppard Mullin Richter & Hampton LLP

How can private equity firms identify and mitigate inherited liability risk from vulnerable portfolio companies? Ongoing big ticket regulatory fines coupled with high profile corporate veil cases indicate that private equity deal teams must remain...By: Latham & Watkins LLP

The Committee on Foreign Investment in the United States (CFIUS) last week added considerable teeth to its powers through draft regulations implementing key provisions of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), which...By: Shearman & Sterling LLP

Last week, the U.S. Department of Labor’s Wage and Hour Division adopted final regulations revising the salary requirements for employers that claim the executive, administrative, or professional exemptions from the minimum wage and overtime...By: Parker Poe Adams & Bernstein LLP