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HTMLNew Proposed Rules on Executive Compensation at Financial Institutions
David G. Johnson, Ilirjan Pipa, Michael G. Riley; McDonald Hopkins LLC;
Legal Alert/Article
June 5, 2016, previously published on May 6, 2016
The National Credit Union Administration (NCUA) recently issued a proposed rule designed to regulate the pay of executives at banks and credit unions around the country. These are the so-called “Wall Street Pay Rules.”

 

HTMLProposed Minimum Wage Hike in Cleveland Could Have Maximum Impact on Employers
Nicole J. Gray; McDonald Hopkins LLC;
Legal Alert/Article
June 5, 2016, previously published on May 20, 2016
Cleveland City Council had a first reading this week of legislation by initiative that will raise the minimum wage in Cleveland to $15 per hour (Ordinance 621-16).

 

HTML3 Notable Features of the Newly Passed Defend Trade Secrets Act
David B. Cupar, James J. Giszczak, Maxwell J. Goss; McDonald Hopkins LLC;
Legal Alert/Article
June 5, 2016, previously published on April 28, 2016
The Defend Trade Secrets Act of 2016 (DTSA) is about to become law. The United States Senate approved the legislation by a margin of 87 to 0 earlier this month, and the House of Representatives approved it 410 to 2. President Barack Obama, whose administration urged Congress to pass the...

 

HTMLThe DOJ’s 3-Step Plan to Increase FCPA Enforcement
Jennifer Dowdell Armstrong, Mary I. Edquist; McDonald Hopkins LLC;
Legal Alert/Article
June 3, 2016, previously published on April 13, 2016
The Department of Justice’s (“DOJ”) Fraud Section of the Criminal Division recently unveiled its Foreign Corrupt Practices Act (FCPA) Enforcement Plan and Guidance Memorandum (“Guidance”) outlining the three actions it will take to step up its efforts to detect and...

 

HTMLKentucky: Stakeholders Disappointed That Improvements to Rehabilition Tax Credit Did Not Get a Vote
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on April 28, 2016
Kentucky’s Historic Preservation Tax Credit offers a 30 percent credit for qualified rehabilitation projects of owner­occupied residential properties. A minimum investment of $20,000 is required, with the total credit not to exceed $60,000.

 

HTMLNew Guide Helps Employers Navigate the Family Medical Leave Act (FMLA)
James J. Boutrous; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on May 3, 2016
On April 25, 2016, the Department of Labor (DOL) released a new guide to help employers administer the FMLA requirements. According to Jeff Nowak, who shared the news and link on his FMLA Insights blog, the guide aims to “provide essential information about the FMLA, including information...

 

HTMLCourt of Appeals Interprets Michigan Moldbuilders Lien Statute
Timothy Lowe; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on May 6, 2016
The Michigan Court of Appeals recently analyzed the ability of a molder to discharge a moldbuilder’s lien even if the moldbuilder has not yet been paid for its work.

 

HTMLAttorneys General Issue Negative Opinions on Daily Fantasy Sports
David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on April 28, 2016
One of the most important features of Daily Fantasy Sports (DFS) contests is their characterization as games of skill, not chance. If they were games of chance, they would be considered to be illegal gambling activities in many jurisdictions. The Fantasy Sports Trade Association justifies this...

 

HTMLNew York: Attorney General Cracks Down on Tax Fraud by Art Dealers
David Ebersole, David M. Kall, Susan Millradt McGlone; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on May 17, 2016
In early May, New York’s Attorney General Eric Schneiderman announced that his office is “committed to rooting out tax abuses wherever we find them, especially in the art world, where the difference can be hundreds of thousands - if not millions - of dollars in lost tax revenue per...

 

HTMLDrone Use on the Rise in Oil and Gas Industry
Christopher William Capcara; McDonald Hopkins LLC;
Legal Alert/Article
June 2, 2016, previously published on May 20, 2016
By now, everyone has heard of or has seen a news story about drones. Originally known as UAV (Unmanned Aerial Vehicles) or RPAS (Remotely Piloted Aerial Systems), drones come in a variety of shapes and sizes, and can be used for any purpose - from military exercise to personal entertainment. The...

 


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