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Posts from June 2017.
Image related to The Department of Labor Withdraws Obama-Era Independent Contractor and Joint Employer Guidance

The U.S. Department of Labor has indicated that the department will move in a new, more employer-friendly direction, leaving many businesses feeling hopeful.

On June 7, 2017, the United States Department of Labor issued a press release rescinding the Department’s 2015 administrator’s interpretation memorandum regarding Independent Contractor classification under the Fair Labor Standards Act (“FLSA”) and its 2016 administrator’s interpretation memorandum regarding joint employer status under the FLSA and the Migrant and Seasonal Agricultural Workers Protection Act.

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Image related to The U.S. Supreme Court Puts S.E.C. Disgorgement Actions on the Clock

The U.S. Supreme Court continues to limit the timeframe in which the U.S. Securities and Exchange Commission (“S.E.C.”) can seek to levy monetary penalties in enforcement actions it brings against violators of the federal securities laws. Most recently, the Court limited to five years the window of time in which the S.E.C. can bring a claim to “disgorge,” or take away, ill-gotten gains from a defendant’s securities fraud. These rulings may result in quicker or more aggressive enforcement actions by the S.E.C. against companies or individuals accused of securities fraud, even perhaps before investigations are complete. The holdings may also affect the willingness of corporate or individual defendants to enter into “tolling agreements” with the S.E.C. that would toll (or stop) the limitations period while the parties discuss a potential resolution or settlement.

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