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  • Client Alert
April 30, 2015

Starting January 1, 2015, a new law will go into effect in California that will significantly change the legal relationship between temporary staffing agencies and the companies that contract with them to use temporary workers. The new law, Assembly Bill 1897, also known as the “Temp Worker Protection Bill,” will make California companies jointly liable with staffing agencies for violations of wage, safety and workers' compensation laws. For additional information, please read our client alert.

April 27, 2015

Appellate proceedings currently under way in the Jefferson County, Alabama bankruptcy case could decide important issues concerning the finality of a municipal debtor’s plan of adjustment and whether the terms of a confirmed plan can be changed on appeal.

April 21, 2015
The Department of Labor (DOL) released a new proposed rule last week that will change who is considered a fiduciary of a qualified plan, IRA or health savings account (HSA) (the Fiduciary Rule). We believe this rule will have limited impact on plan sponsors. However, given the extensive commentary on the Fiduciary Rule, plan sponsors should understand how the Fiduciary Rule could impact them. For more information, please read our client alert.
April 17, 2015
April 6, 2015
Last week, the IRS announced changes to its voluntary program that allows employers to correct retirement plan operational errors. The program, known as the Employee Plans Compliance Resolution System (EPCRS), allows employers to correct operational errors by either (i) seeking IRS approval of a proposed corrective action; or (ii) self-correcting by taking a prescribed corrective action.Please read our client alert for additional information.
April 6, 2015
March 20, 2015

Plan administrators of 401(k) and other participant-directed plans must provide participants with information about the fees associated with the plan (fee disclosures) at least annually. When the rules were first released, the Department of Labor (“DOL”) required plan administrators to provide the fee disclosures no later than 12 months after the prior fee disclosure was mailed. This rule created practical difficulties and caused each plan’s fee disclosure deadline to move over time. Yesterday, the DOL released a revised rule that corrects these issues.

February 25, 2015
California Government Code Section 12950.1, which sets forth the requirements for sexual harassment training and education, was recently amended to include an anti-bullying training requirement. Please read the client alert for more information.
February 18, 2015
February 16, 2015
The SEC recently proposed rules to implement Section 955 of the Dodd-Frank Act, which calls for disclosure of whether a company’s employees and directors are permitted to purchase financial instruments (including prepaid variable forward contracts, equity swaps, collars, and exchange funds) designed to hedge or offset any decrease in the market value of the company’s equity securities.
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