News

"Right to Know" Initiative Apparently Expanded

By EsqSocial Corporation 15/11/13

The U.S. Labor Department has announced another proposal to conduct a survey relating to "worker classification issues" under the federal Fair Labor Standards Act....
By: Fisher & Phillips LLP

FDIC and International Regulators Ask ISDA to Add Early Termination Delay to ISDA Documents

By EsqSocial Corporation 15/11/13

The FDIC, the Bank of England, the German Federal Financial Supervisory Authority, and the Swiss Financial Market Supervisory Authority have jointly written to the International Swaps and Derivatives Association (“ISDA”) to ask that ISDA revise its...

The Challenges of Compliance

By EsqSocial Corporation 15/11/13

Compliance, like many other aspects of the business world, is a balance of risks. Unfortunately, it often takes an organization being rebuked in some fashion before it realizes the importance of failure to be in compliance. Read why Brian Von...

IRS Provides FSA "Use-or-Lose" Rule Relief

By EsqSocial Corporation 15/11/13

The Internal Revenue Service (IRS) has recently issued guidance providing a modicum of relief to the forfeiture requirements for flexible spending accounts (FSA) under a Section 125 (or “Cafeteria”) Plan. FSA’s are utilized to reimburse employees for...

Patton Boggs to cut equity partner roster from 98 to 80; firm’s income soared after earlier layoffs

By EsqSocial Corporation 15/11/13

Two rounds of layoffs this year in which Patton Boggs has let go 40 attorneys and 70 staff members have left the Washington, D.C.-based lobbying powerhouse on-budget and poised for growth and a strong financial performance, a leader says.

Baby Onboard? Additional Penalties for DUIs with Minors in the Vehicle

By EsqSocial Corporation 15/11/13

While driving under the influence is never a good idea and can bring criminal penalties for those who are caught, New Jersey law reserves special punishment for those who drink and drive with minors in the car. In perhaps the most egregious recent...

Significant Changes for Michigan Court of Claims

By EsqSocial Corporation 15/11/13

Parties engaged in litigation against the State of Michigan in the Court of Claims will do so under new jurisdictional rules that were signed into law on November 12, 2013. The law, PA 164, moves the Court of Claims from the Ingham County Circuit...

CFTC Approves Final Rules Enhancing Protections Afforded Customers and Customer Funds Held by Futures Commission Merchants

By EsqSocial Corporation 15/11/13

The CFTC approved final rules requiring enhanced protections afforded customers and customer funds held by futures commission merchants (“FCMs”). The rules require FCMs to adopt and enforce a risk management program, evidenced by written policies...

J&J Will Propose a $4 Billion DePuy Hip Implant Settlement for Injured Plaintiffs

By EsqSocial Corporation 15/11/13

Johnson & Johnson manufacturer of DePuy Orthopedics Inc., ASR Hip Implant Products will reportedly propose a $4 billion DePuy hip implant settlement to resolve more than 7,500 lawsuits that have been filed against the company in both state and...

How Insurance Companies Operate

By EsqSocial Corporation 15/11/13

Insurance companies are corporations in business for one purpose and one purpose only—to make profit for their shareholders. The insurance companies are not in existence to pay you one penny more, that’s right, not one cent more than they have to....

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