Mary Jo White is stepping down this month as Chair of the Securities and Exchange Commission (“SEC”), and the new Trump appointee Jay Clayton, a Wall Street lawyer, could result in a shift back to a more helpful SEC. Restoring… More
The media reports are accurate: A federal judge in Texas has blockedimplementation of new Department of Labor regulations that would have significantly increased the salary level that can determine whether workers engaged in a “bona fide executive, administrative or professional… More
On November 8, 2016 Arizona voters passed the “Fair Wages and Healthy Families Act” (the “Act”), known as Proposition 206. The minimum wage increase will be a lock-step increase up to $12.00 per hour by January 1, 2020. The Act… More
The recent changes to the FLSA white collar exemption has nearly every business asking, “What does this mean for the company?” All companies with employees, including non-profits and churches need to understand the revised overtime regulations and determine (1) do… More
In July 2015, Gallagher & Kennedy alerted employers to the U.S. Department of Labor’s (“DOL”) proposed amendments to the FLSA’s overtime regulations. The long anticipated final changes to the overtime regulation have been released and will take effect December 1,… More
On April 11, 2016, the U.S. Environmental Protection Agency (“EPA” or “Agency”) published notice in the Federal Register that it is tentatively denying a Petition which“requests that the Agency make two changes to the current corrosivity characteristic regulation under the… More
1. Choosing the Wrong Type of Legal Entity.Except in unusual circumstances, the best entity is the limited liability company. Founders and investors each get better tax treatment. An operating agreement offers maximum flexibility for a diverse and creative way to please… More
On October 12, 2015, California Governor Jerry Brown signed Assembly Bill 525 into law, which makes significant amendments to the California Franchise Relations Act. The amendments to the Act, which take effect on January 1, 2016, will apply to any… More
More salaried employees would be eligible for overtime compensation under proposed regulations recently issued by the U.S. Department of Labor. The DOL also has warned employers about the improper use of “independent contractors” to evade overtime compensation obligations.
During its 2015 Regular Session, the New Mexico Legislature passed Senate Bill 319, which amended the County Industrial Revenue Bond Act in order to add mines and energy refineries, treatment or processing plants to the list of “projects” qualifying for… More