Blogs & Social Media Sites
Recently, the Department of Labor’s Wage and Hour Division (“WHD”) announced that it had recovered more than $240 million dollars in back wages for more than 270,000 workers in 2014. Although this amount is slightly down from 2013’s $249 million recovery; since 2009 the WHD has recovered more than $1.3 billion in back wages for 1.5 million workers. The WHD attributes much of this success to its strategic enforcement initiatives that have targeted specific types of working relationships and industries. Read More ›
For Whom the Bell Tolls: District Court Continues Trend in the Sixth Circuit of Applying the Forfeiture Rule Exception to the Tolling Doctrine of American Pipe.
In In re Refrigerant Compressors Antitrust Litigation, E.D. Mich. No. 2:09–md–02042, 2015 WL 1181168 (Mar. 13, 2015), the court ruled, in one of several issues before it, that the individual claims of the plaintiff, GE, were not entitled to tolling under the American Pipe tolling doctrine. The court quoted a leading treatise on class actions: Read More ›
Stay Tuned; Cert granted in DIRECTV, Inc. v Imburgia, where class action waiver clause had been found unenforceable
A petition for a writ of certiorari was granted March 23, 2015, in DIRECTV, Inc. v. Amy Imburgia, ___ S.Ct. ___, 83 USLW 3267, 2015 WL 1280237(2015). DIRECTV’s appeal of California decisions that refused to enforce DIRECTV’s contractual arbitration provision and class action waiver is now to be reviewed by the United States Supreme Court. Read More ›
The Distress to Success blog, based off of the book by Bobby Guy, focuses on distressed investing, events in the acquisition markets, and restructuring issues. “Distress to Success” is written for the business leader struggling to return a company from the “red” into the “black.”
On Monday, we released three new research indices tracking distress in U.S. financial markets. Read More ›
One of the interesting tensions in the healthcare industry right now is the need for consolidation versus antitrust consolidation prohibitions. Read More ›
When it comes to distressed healthcare M&A, the thorniest issues often ride on provider agreement liabilities with Medicare and Medicaid. Read More ›
The Financial Services Blog offers the latest information on banking development and litigation trends. Topics range from commercial and consumer lending through bankruptcy, lender liability defense, and the Dodd-Frank Act through Regulations JJ.
Credit Reporting Agencies' Deal Could Impose Additional Investigation Rules on Companies that Furnish Credit Information
Following months of negotiations, the three largest national credit reporting agencies agreed to a sweeping settlement this week that could affect how banks, retailers, credit card companies and other credit furnishers conduct their business. Read More ›
What Last Year’s Data Privacy Rulings May Hold For Future Consumer Class Action Lawsuits – Some Predictions for Financial Institutions
Frost Brown Todd has an active practice of experienced lawyers who regularly counsel clients on all aspect of class action defense and prosecution. After analyzing recent case law developments in the class action world, some interesting observations and predictions are offered in the Class Action Section’s Class Counsel Blog Year-in-Review. Read More ›
As the 2015 tax filing season begins, it is important that individuals and businesses understand their reporting and filing obligations under the federal income tax laws. In certain situations where a financial institution discharges a debt, a Form 1099-C, Cancellation of Debt, must be filed with the Internal Revenue Service on or before February 28, 2015 (March 31, 2015 if electronically filed). Generally, for debt that was discharged during 2014, a creditor must file a Form 1099-C when the following three conditions are met: (1) the debt discharged was $600 or more; (2) the creditor is an applicable entity; and (3) an identifiable event has occurred. Read More ›
The International Services Group Blog is a resource for business leaders within the international commerce industry. Frost Brown Todd's international lawyers discuss the latest challenges for international trade and regulation, as well as solutions for those challenges.
Foreign investment projects in the People’s Republic of China (“PRC”) are approved on a case-by-case basis. The approval is principally driven by the “Three Laws on Foreign Investments”: the Sino-Foreign Equity Joint Venture Enterprise Law (“Equity Joint Venture Law”), the Wholly Foreign Owned Enterprise Law (“WOFE Law”), and the Sino-Foreign Cooperative Joint Venture Enterprise Law (“Cooperative Joint Venture Law”). Read More ›
The China Council for the Promotion of International Trade/China Chamber of International Commerce (or “CIETAC”), a leading arbitral body in China, recently amended its Arbitration Rules. While some of the amendments and additions are relatively minor, the changes provide for several new options to parties who use CIETAC for arbitration. Read More ›
China’s healthcare market is expected to grow from $357 billion in 2011 to $1 trillion by 2020 according to McKinsey & Company. This makes China the most attractive healthcare market in the world. Specifically, attention should be paid to China’s elder care sector. According to the CIA’s World Factbook, more than 280 million people in China are 55 and older. The United Nations estimated that by 2025 there will be 64 elderly retired people in China for every 100 workers, whereas only 33 retirees for every 100 workers by 2050 is projected for the United States. Given how much of a challenge it is even for a developed economy like the United States to handle its elder care, China’s problem is entirely on a different scale. Read More ›
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