Category: Business Law
Updated: Final Overtime Rule from the U.S. Department of Labor
The new overtime rule from the United States Department of Labor takes effect on December 1, 2016. This new rule will affect businesses of every size across the country. The new rule roughly doubles what minimum salaried employees can earn before they are classified as exempt from receiving overtime pay for working more than 40
Failure To Inform Insured Of A Change In Policy Coverage Results In Expanded Liability For An Insurance Company
One of the most basic and powerful tools available for every party to a lawsuit is found under Illinois Supreme Court Rule 213. Simply known as “Interrogatories,” these questions provide a party with the tools to ask questions to the adverse party which must be answered truthfully and fully, outside of any objections. These questions
Apparent Agency and the Illinois Wage Payment and Collection Act
Many companies in Illinois attempt to limit their exposure to liability through the use of independent contractors or subcontractors. However, the theory of “apparent agency” has long been recognized in Illinois law as a way to extend liability to the principals for the actions of these contractors. Although the doctrine of apparent agency has a
Where Can Your LLC Be Sued?
In order for a federal court to have jurisdiction over a lawsuit, there are several requirements that must be met. Failing to establish these requirements leaves a lawsuit open to an easy dismissal. Unless the cause of action is brought under a federal statute, the amount in controversy in the lawsuit must be more than
“I Agree” – Is It Binding?
Most people have never read the entirety of the terms and conditions of the iTunes end-user license agreement, or any other similar online agreement. Yet almost all of us have clicked on “I agree” and moved on, despite never having read what we are agreeing to. This risky move just became a little less risky.
Think Your Commercial General Liability (“CGL”) Insurance Protects You From a Cyber-Attack? Think Again.
As the world around us becomes increasingly ever connected, the risk of a data breach of your computer system increases significantly. Instances of corporate data breaches are in the headlines more often that even before. From the unprecedented hacking of Sony Entertainment just over a year ago, to the very recent hacking of Hollywood Presbyterian
Possibility Of New Overtime Regulations. What Are They And How Could They Impact Your Business?
On March 13, 2014, President Obama signed a Presidential Memorandum directing the US Department of Labor to update its regulations regarding overtime pay for white-collar workers. The Department of Labor did so in July 2015 when it proposed revisions to the regulations governing which executive, administrative, and professional employees are entitled to the Fair Labor
Why Daily Fantasy Sports Could Get Sacked By A Weak Legal Protection Scheme
Since its creation in 1962, fantasy sports has seen a significant growth in both popularity and variation. Throughout the years, these games have been based on a consistent model, whereby individuals pay a single entry fee to draft a team and compete against other teams over the course of an entire professional sports season. In
Finding Joint Ventures in the Facts, Not the Contract
In the complex world of joint ventures, companies often will attempt to work together, while avoiding the term of art of “joint venture” in order to avoid potential legal implications that may follow. Take, for example, a recent case involving Michael Hiatt, an employee of Western Plastics, flame-retardant plastic manufacture. While working on the plant,
Chicago’s Minimum Wage Hike Takes Effect
As of July 1, 2015, Ordinance 02014-9680 became effective, which increased the minimum wage for employees in the Chicago to $10 per hour for non-tipped employees and $5.45 for tipped employees. The Ordinance provides for subsequent raises on July 1 of each subsequent year until the hourly minimum wage reaches $13 for non-tipped employees in