Will the FLSA Regulations for Exempt Employees Apply to Puerto Rico Operations?
On August 30, 2023, the United States Department of Labor, Wage and Hour Division, released a Notice of Proposed Rulemaking (NPRM) to update and revise the regulations under the federal Fair Labor...
View ArticleLabor Department Proposes Overtime for Currently Exempt Employees Earning...
The Labor Department released a proposed rule increasing the salary threshold for overtime-exempt employees from the current $35,568/year to $55,000/year. The proposal will be open for public input for...
View Article3.6 Million Reasons Employers Should Monitor the DOL’s Proposed Overtime Rule
On August 30, 2023, the U.S. Department of Labor (“DOL”) announced a proposed rule intended to “restore and extend overtime protections to 3.6 million salaried employees.” If finalized, the proposed...
View ArticleAn Estimated 3.4 Million More Workers to be Eligible for Overtime Under DOL...
The Department of Labor (DOL) has issued a proposed rule to increase the salary required to be “exempt” under the Fair Labor Standards Act (FLSA)....By: Benesch
View ArticleDepartment of Labor Proposed Increased Salary Threshold for Exempt Employees
The U.S. Department of Labor (DOL) recently proposed a rule to raise the salary threshold for the white collar overtime exemptions from the current $684 per week minimum ($35,568 annualized) to $1,059...
View ArticleWhat the New Federal Merger Guidelines Mean for Companies Pursuing Deals
In July, the Federal Trade Commission (FTC) and Antitrust Division of the Department of Justice (DOJ) released a draft of proposed new merger guidelines, 18 months after FTC Chair Lina Khan and...
View ArticleLabor Department Proposes Raising FLSA Overtime Exemption Salary Minimum to $55K
Last week, the U.S. Department of Labor (DOL) announced a proposal to increase the salary requirement for employers to claim certain exemptions from the Fair Labor Standards Act’s overtime and minimum...
View ArticleNew Group Litigation Order issued together with the potential development of...
The High Court has made a Group Litigation Order (GLO) in the class action proceedings of Tongue & Ors v Bayer Public Ltd Company & Ors [2023] EWHC 1792 (KB). This appears to be only the second...
View ArticleHSR Transaction Volumes See Steep Decline So Far in FY 2023 (August 2023 Update)
Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC)...
View ArticleNew Proposed DOL Rule May Mean More Workers Receive Overtime Pay
A new rule, proposed by the U.S. Department of Labor's Wage and Hour Division (DOL) on August 30, 2023 (the Proposed Rule), will expand the group of workers who are entitled to overtime. If...
View ArticleBaby HSRs: States Are Modeling Laws After Federal Act to Investigate More...
In a growing trend, states are enacting laws modeled after the federal Hart-Scott-Rodino (HSR) Act, which requires parties to proposed transactions that satisfy certain reporting thresholds to first...
View ArticleDistrict Court: Hospital Merger Is Exempt from HSR Filing Under State Action...
A US district court judge, in a case of first impression, recently held that Louisiana Children’s Medical Center’s acquisition of three New Orleans–area hospitals from HCA Healthcare, Inc. was exempt...
View ArticleFTC Set to Reshape HSR Premerger Notification Process
Merger control in the United States is on the cusp of significant change as the Federal Trade Commission, in collaboration with the Department of Justice, prepares to finalize a proposed rule—first...
View ArticleUS State Regulatory Spotlight on Healthcare Transactions
Growing state-level oversight of M&A and other strategic transactions for healthcare provider businesses will impact growth strategies across major markets. The volume of healthcare services...
View ArticleEmployers May Have to Pay More in 2024 as Affordability Threshold Hits New...
Seyfarth Synopsis: The IRS has announced adjustments decreasing the affordability threshold for plan years beginning in 2024, which may cause employers to have to pay more for ACA compliant coverage in...
View ArticleDepartment of Labor Proposes an Increase to the FLSA Exempt Employee Salary...
On August 30, 2023 the U.S. Department of Labor (“DOL”) announced the much anticipated Notice of Proposed Rulemaking (“NPRM”) which, if implemented, would increase certain otherwise salary exempt...
View ArticleAn Underwhelming Year? HSR Transaction Volumes in FY 2023 (September 2023...
Editor’s Note: The Hart Scott Rodino Act (HSR Act) is a federal law that requires companies planning to merge or acquire certain assets or voting securities to notify the Federal Trade Commission (FTC)...
View ArticleImportant Change to ACA Electronic Reporting
Beginning in 2024, almost all employers will need to file their Affordable Care Act (ACA) forms electronically. Previously, employers were required to file electronically only if they were filing 250...
View ArticleBenefit and Contribution Limits for 2024
The Commissioner of Internal Revenue announced the 2024 dollar limitations for benefits and contributions that apply to retirement plans. The Social Security Administration increased the Social...
View ArticleSaudi Arabia: New Thresholds for Merger Filings, and New Conditional Approvals
Saudi Arabia's General Authority for Competition recently announced key changes to its merger control notification thresholds, adding a new local nexus test and a new minimum turnover threshold for the...
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