Many cities and special districts establish and maintain more 457(b) plans than they really need. We routinely see public agencies with as many as two, three or four 457(b) plans. How and why does this happen? And, are there any advantages or...By: Best Best & Krieger LLP
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On July 31, 2019, Illinois joined a growing list of state and local governments that have banned employers from using salary history in the hiring process. For those keeping count, there are now 18 state bans and 18 municipal bans nationwide....By: Hinshaw & Culbertson LLP
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As detailed in our June 2019 alert, the New York State legislature passed sweeping legislation designed to increase protections against workplace sexual harassment and other forms of discrimination under the New York State Human Rights Law (NYSHRL)....By: Patterson Belknap Webb & Tyler LLP
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Venture capital and private equity arrangements often include contractual provisions limiting the rights of investors, including drag-along provisions in connection with future transactions approved by controlling stockholders and sometimes express...By: Locke Lord LLP
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Exposure to claims for appraisal can be a significant risk in merger and acquisition transactions in which dissenter’s appraisal rights are available. This risk has increased in recent years as aggressive investors realized the opportunities...By: Locke Lord LLP
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The New York State Legislature and Governor Cuomo have been busy in 2019 enacting laws that will have a lasting impact on employers and workers in the Empire State for years to come. Among these are bans on inquiring about salary history, and...By: Saul Ewing Arnstein & Lehr LLP
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New Jersey employers face heightened risks and consequences for non-payment of wages, or wage theft, with the new Wage Theft Law (WTL). Signed on August 6, 2019, the new law adds protections for retaliation claims, increases wage theft penalties and...By: Fox Rothschild LLP
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On August 12, 2019, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery ruled in a post-trial opinion that the fair value of Columbia Pipeline Group, Inc. (“Columbia”) was equal to the deal price in an appraisal action arising from...By: Shearman & Sterling LLP
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One of the quirks of discrimination law in Connecticut concerns sexual orientation. Back in 1991, the General Assembly passed a wide-ranging bill that added sexual orientation as one of the protected classes that employers could not base decisions...By: Shipman & Goodwin LLP
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On August 12, 2019, Judge Haywood S. Gilliam, Jr. of the United States District Court for the Northern District of California dismissed without leave to amend a putative securities class action against a pharmaceutical company, and certain of its...By: Shearman & Sterling LLP
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