Legal Updates

The Minnesota Supreme Court recently affirmed an employer’s liability for more than a half million dollars in unpaid overtime wages and an additional half million in liquidated damages because the employer’s split-day compensation system did not comply with the Minnesota Fair Labor Standards Act (MFLSA).

Cost-plus contracts are common in the construction industry, and a recent case in Iowa will have significant implications for business practices in that industry.

The DOL’s new overtime rule is likely to survive the legal challenges that stopped the 2016 rule from going into effect. In the meantime, what should employers do to prepare for the rule’s effective date?

Real estate fund sponsors that typically choose limited partnership or limited liability company structures for their fund entities might want to give REITs another look.

Government contractors, are the websites and deliverables you provide to government clients accessible?

The Business Roundtable made headlines last month when it issued a statement redefining the purpose of a corporation to embrace so-called “stakeholder capitalism.”

LIBOR is scheduled to be phased out by the end of 2021, and the SEC is encouraging all companies to assess their exposure to LIBOR and to appreciate the wide variety of consequences the discontinuation of LIBOR may have on their businesses.

On September 18, the CII announced that it had overhauled its Policies on Executive Compensation to urge public companies to, among other things, “dial back the complexity of their executive compensation plans and set longer periods for measuring performance for incentive pay.”

Chaotic international politics—particularly the uncertainty surrounding Brexit and the Trump administration’s increasing use of sanctions as a foreign policy tool—are complicating public companies’ SEC compliance obligations.

On August 23, the SEC issued a fee advisory, setting the filing fees that public companies and other issuers will pay in fiscal year 2020 to register their securities with the SEC.