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The SEC Proposes to Shorten the Settlement Cycle for Most Securities Transactions from Three Business Days to Two Business Days
  • Baker & Hostetler LLP
  • USA
  • October 11 2016

The Securities and Exchange Commission has proposed to amend Rule 15c6-1 under the Securities Exchange Act of 1934 in order to shorten the standard


Seventh Circuit Clarifies Rules for Compensating Tipped Employees Performing Non-tipped Work
  • Baker & Hostetler LLP
  • USA
  • July 28 2016

The Fair Labor Standards Act (FLSA) and most states permit restaurants to pay tipped employees a tip-credit rate, an amount less than the minimum


Here’s a Tip for You, Jack - Fifth Circuit Upholds Ruling on Restaurant Credit Card Offset
  • Baker & Hostetler LLP
  • USA
  • June 23 2016

Life is filled with risky decisions. Should you take that new job? Should you put in an offer on that house that is just out of your price range


SEC eliminates credit rating eligibility requirement for use of "short form" registration and adopts new alternative eligibility requirements
  • Baker & Hostetler LLP
  • USA
  • September 2 2011

The SEC, consistent with the mandate under the Dodd-Frank Act to remove references to credit ratings from its rules and forms under the Securities Act in order to reduce investors’ reliance on such ratings, has adopted rule changes to replace investment-grade credit ratings with new alternative eligibility requirements for companies seeking to use the “short form” registration when registering certain securities for public sale


New Department of Labor "catch-all" FLSA regulations attempt to narrow "fluctuating workweek" principles while revising "tip credit" requirements
  • Baker & Hostetler LLP
  • USA
  • May 9 2011

In a presentation last fall at the fourth annual conference of the Labor and Employment Law Section of the American Bar Association, Acting Wage and Hour Administrator Nancy Leppink stated that there was a "need for guidance" concerning principles underlying the "fluctuating workweek" method of calculating overtime pay under the Fair Labor Standards Act ("FLSA"


Update on two timeshare bankruptcies
  • Baker & Hostetler LLP
  • USA
  • April 21 2011

The Chapter 11 Plan of Reorganization of long-time Baker Hostetler client Island One, Inc., and its affiliated companies was conditionally confirmed yesterday by the U.S. Bankruptcy Court (final confirmation is expected May 4th


Online travel companies: the tax fight continues
  • Baker & Hostetler LLP
  • USA
  • February 18 2011

The multi-year battle between online travel companies (OTCs) and state and local taxing authorities continues throughout the United States


Bond requirement for wage claim appeals
  • Baker & Hostetler LLP
  • USA
  • January 26 2011

Effective January 2011, under the new amendment to California Labor Code Section 98.2, employers, before filing an appeal of a wage claim administrative decision, will be required to post a bond or pay a cash deposit to the court in the amount of the judgment received in the administrative hearing


Russian spies, red flags and corporate liability
  • Baker & Hostetler LLP
  • USA
  • July 15 2010

Life imitated spy movies last Thursday, when ten people accused of being Russian secret agents pled guilty in the United States District Court for the Southern District of New York to charges of conspiring to act as unregistered foreign agents


Vendors beware: the importance of confirming the existence of a cash collateral order after Marathon Petroleum Co., LLC. v. Cohen
  • Baker & Hostetler LLP
  • USA
  • May 26 2010

The Eleventh Circuit recently affirmed the avoidance of nearly $2 million in postpetition payments made by debtor Delco Oil, Inc. (the "Debtor") to its petroleum supplier Marathon Petroleum Company, LLC ("Marathon"