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New Mini-WARN Statute In New Jersey Imposes Greater Requirements On Employers Than The Federal WARN Act And Could Lead To Additional Severance Obligations
New Jersey employers with 100 or more employees now have another law to contend with when implementing layoffs - the Millville Dallas Airmotive Plant Job Loss Notification Act. The law went into effect on December 20, 2007, and requires employers to provide advance notice to employees who are...
Read MoreSports Leagues Go Global
Editor: Please describe your practice in the sports law area. Oram : I represent a number of leagues, teams and financial institutions in a variety of corporate transactions throughout the sports industry - everything from buying and selling teams, building stadiums and arenas, negotiating...
Read MoreDepartment Of Labor Issues Final Regulations On Qualified Default Investment Alternatives
On October 24, 2007, the Department of Labor ("DOL") issued final regulations on the use of qualified default investment alternatives ("QDIA") in defined contribution plans that allow for participant directed investments. The final regulations implement Section 404(c)(5) of the Employee Retirement...
Read MoreFinance
SEC And Federal Reserve Board Issue Final "Push-out" Rules
The SEC and Federal Reserve Board recently adopted a single set of final rules that implement certain of the exceptions for banks from the definitions of "broker" and "dealer" under the Securities Exchange Act of 1934. These final rules do not effect a material change to...
Read MorePrivacy And Data Security: Significant Compliance Issues
Editor: Why were you attracted to the West Coast as a venue in which to practice law? Forsheit: Although I attended Duke University and the University of Pennsylvania Law School in the East, my roots are on the West Coast. I grew up here and my family is here. In addition, California law continues...
Read MorePension Protection Act Provisions (And Other Changes) That Become Effective In 2008
As the end of 2007 approaches, we would like to take this opportunity to remind sponsors of tax-qualified pension plans of various matters that may affect such plans in the 2008 plan year. Most of the changes described below are a result of the Pension Protection Act of 2006 (the "PPA"). While...
Read MoreIRS Extends Section 409A Transition Relief To December 31, 2008
On October 22, 2007, the IRS and the Treasury Department issued Notice 2007-86 (the "Notice") extending to December 31, 2008 certain transition relief regarding the application ofSection 409A of the Internal Revenue Code of 1986, as amended ("Section 409A"), to nonqualified deferred compensation...
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