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KGB USA, text message and internet information provider, settles independent contractor misclassification claim with U.S. Department of Labor for $1.3 million

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • January 24 2013

Last week, kgb USA, which operates a text message and Internet-based information service, consented to the entry of a federal court judgment to pay

The quest to create a self-regulatory organization for investment advisers: ‘I say adviser; you say advisor ... let’s call the whole thing off’

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • October 18 2011

There has been much talk recently of creating a self-regulatory organization for investment advisers

Changes ahead for Pennsylvania real estate transfer taxes

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • August 14 2012

Unless there is an exception, sales of real estate in Pennsylvania are subject to a realty transfer tax

Section 382 issues raised in an acquisition of a loss corporation by a private equity group

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • May 29 2012

Section 382 of the Internal Revenue Code generally requires a corporation to limit the amount of its income in future years that can be offset by historic net operating losses (NOLs) once that corporation has undergone an "ownership change."

“Agency operators” for Avis Budget commence class action lawsuit for independent contractor misclassification

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • October 20 2011

Last Friday, October 14, a group of 17 “agency operators” for jointly-owned Avis Rent a Car and Budget Rent a Car filed a class action class action complaint in California alleging that the rental car agencies misclassified them as independent contractors (ICs) instead of employees

CLOs face consequences of Article 122a risk retention rules

  • Pepper Hamilton LLP
  • -
  • European Union
  • -
  • March 21 2011

The Committee of European Banking Supervisors released its final guidelines on Article 122a of the European Union (EU) Capital Requirements Directive on December 31, 2010

Bankruptcy PLR with NOL preservation result

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • August 14 2012

Section 382 limits a loss corporations ability to use its Net Operating Losses (NOLs) carryforwards following an "ownership change."

Dodd-Frank Section 342: Office of Minority and Women Inclusion

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • July 16 2012

One of the lesser-known provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act is Title III Section 342, which establishes an Office of Minority and Women Inclusion (OMWI) within certain federal agencies, including the Department of the Treasury, Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), National Credit Union Administration (NCUA), Office of the Comptroller of the Currency (OCC), the Securities and Exchange Commission, the Consumer Financial Protection Bureau, the Federal Reserve Banks, and the Federal Reserve Board

Obama 2.0 and independent contractor misclassification: the next four years of federal legislative and regulatory activity

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • November 26 2012

The last four years started out with expectations that the federal government would enact legislation to curtail misclassification of employees as independent contractors (ICs

Chapter 11 secured loans: “lien stripping” lives

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • August 21 2012

In Heritage Highgate, the secured claims of a group of investors were valued at zero for purposes of treatment in a plan of reorganization, with the result that their mortgage loans were treated as unsecured claims