On November 15, 2024, a Texas federal court ruled that the U.S. Department of Labor’s (DOL) final rule raising the salary threshold for “white collar” minimum wage and overtime pay exemptions (the Overtime Final Rule), which...more
Employers should take note of two important developments at the federal and local levels, both taking effect July 1, 2024.
As we previously mentioned , starting July 1, 2024, New York City employers must begin distributing...more
April 23, 2024, has been a very busy day on the employment front, with significant, far-reaching moves at the federal level.
Non-Compete Ban-
First, in a watershed vote during an open commission meeting today, the...more
4/24/2024
/ Department of Labor (DOL) ,
Employment Contract ,
Executive Compensation ,
Fair Labor Standards Act (FLSA) ,
Federal Trade Commission (FTC) ,
Final Rules ,
Highly Compensated Employees ,
Independent Contractors ,
Non-Compete Agreements ,
Over-Time ,
Restrictive Covenants ,
Salaried Employees ,
White-Collar Exemptions
Ringing in the new year means a host of new employment laws that are now effective and on the horizon for New York employers. With the state very busy at year-end, employers should take note of new laws impacting the...more
The U.S. Department of Labor (DOL) announced today a notice of proposed rulemaking to raise the salary threshold for “white collar” minimum wage and overtime pay exemptions. The proposed rule would increase the minimum annual...more
In light of the FDIC takeover of Silicon Valley Bank (SVB), many of our startup, growth company, and fund clients have asked about how to manage their obligations to pay their team members during a period when the company’s...more
3/13/2023
/ Criminal Liability ,
Emerging Growth Companies ,
Fair Labor Standards Act (FLSA) ,
FDIC ,
Financial Institutions ,
Frozen Assets ,
Furloughs ,
Lenders ,
Non-Exempt Employees ,
Payroll Expenses ,
Startups ,
Wages