Federal law governs how an employer may test prospective hires and employees. The laws are designed to ensure that employment decisions are based on knowledge, skills, and abilities, rather than membership in a protected group such as race,...
I would say that if that if you ask a retirement plan expert for their opinion, 3,000 experts will yield 5,000 opinions. It’s great to be opinionated, but for the plan sponsor, it can be a bit confusing.... By: Ary Rosenbaum
On 31 July 2014 Verkhovna Rada approved Law #4309a "On amendments to Tax Code of Ukraine and other legislative acts (on improvement of certain provisions)" (Law). The law was signed by the President on 1 August 2014 and officially published on 2...
A class action filed against Facebook by an Austrian law student, contending that its data-collection practices violate European law, is gathering steam.
Just last week, Judge Scheindlin from the Southern District of New York precluded the SEC from seeking wide-ranging disgorgement in an order issued in the SEC v. Wyly, 10-cv-5760 (S.D.N.Y.) case....
A Chapter 11 debtor moved to reopen its bankruptcy case more than 15 years after it was closed in order to enforce the plan confirmation order to prevent claims by a state environmental agency and other potentially responsible parties for clean-up...
About Court Report: Each week we will report briefly on recently filed biotech and pharma cases. Roche Molecular Systems, Inc. v. Cepheid 3:14-cv-03228; filed July 16, 2014 in the Northern District of California. Infringement of U.S. Patent...
Employers that sponsor defined benefit qualified retirement plans benefiting only Puerto Rico employees should be aware that Pension Benefit Guaranty Corporation (PBGC) coverage may no longer apply. Last year, the PBGC withdrew old prior opinion...
On July 29, Fannie Mae issued Selling Guide Announcement SEL-2014-10, which includes updates and clarifications regarding numerous selling topics. The announcement states that the long-standing requirement that a lender must notify Fannie Mae...
In the Fifth Third Bancorp v. Dudenhoeffer decision issued June 25, 2014, the Supreme Court unanimously rejected the “Moench presumption”, a presumption of prudence for employer stock held in an ESOP or a 401(k) plan company stock fund. The Court...
