Richard Rabin

Richard Rabin

Akin Gump Strauss Hauer & Feld LLP

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Special Report: The NLRB’s Complaint Against Bridgewater and What It Means for Investment Managers

Key Points - - The National Labor Relations Board has filed a complaint against Bridgewater Associates, challenging contractual provisions of a type that are commonplace at hedge funds and private equity firms. ...more

8/23/2016 - Confidential Information Contract Terms Employer Liability Issues Employment Contract Hedge Funds Investment Management NLRB Section 7 Sexual Harassment

The New York Attorney General’s Crackdown on Non-Compete Agreements: What It Means for Investment Managers

Key Points - - To the surprise of many, the New York Attorney General (NYAG) has become active in challenging non-compete agreements entered into between companies and their employees. - The NYAG’s...more

7/29/2016 - Anticompetitive Agreements Franchisee Jimmy John's Law360 Non-Compete Agreements Unconscionable Contracts

The Defend Trade Secrets Act of 2016: Trade Secrets Receive Uniform Federal Protection

If you read one thing… - A new federal law provides a cause of action for the misappropriation of trade secrets. - The statute provides significant new remedies, including potential royalties for the misuse of...more

5/23/2016 - Asset Seizure Confidentiality Agreements Defend Trade Secrets Act (DTSA) Economic Espionage Act Misappropriation Private Right of Action

The Defend Trade Secrets Act of 2016: Trade Secrets Receive Uniform Federal Protection - Hedge Up: A Heads-Up on Employment...

If you read one thing… - A new federal law provides a cause of action for the misappropriation of trade secrets. - The statute provides significant new remedies, including potential royalties for the misuse...more

5/12/2016 - Asset Seizure Defend Trade Secrets Act (DTSA) Economic Espionage Act Misappropriation Private Right of Action Whistleblower Protection Policies

New Employment Laws Further Increase Burdens On New York Companies

If you read one thing... - New Paid Family Leave Law will impact all New York companies - New rules regarding NYC’s Earned Sick Time Act require changes to companies’ approach to employee sick time...more

4/25/2016 - Earned Sick Time New Regulations Paid Leave Recordkeeping Requirements

“California East”: New Employment Laws Further Increase Burdens On New York Firms

Over the past few months, New York lawmakers have accelerated their recent trend of making New York one of the most employee-friendly (and employer-unfriendly) states in the nation. Falling on the heels of other recent state...more

4/20/2016 - Earned Sick Time Governor Cuomo Paid Family Leave Law Wage and Hour

Effectively Managing Workforce Contraction in Turbulent Times - Part 2

The dramatic drop in the price of oil is forcing many energy-related companies to reevaluate their operations and consider steps to trim their costs. With recent developments in the industry and predictions that low oil...more

3/2/2016 - Hiring & Firing Involuntary Reduction in Force Oil & Gas Oil Prices Risk Management

EEOC to Collect Pay Data from Large Companies

If you read one thing... - The EEOC has announced a proposal to start collecting employee compensation information from companies with 100 or more employees, and is seeking comments, which are due by April 1,...more

2/11/2016 - Data Collection EEO-1 EEOC Equal Pay Fair Pay Act

EEOC to Collect Pay Data from Large Firms - Hedge Up - A Heads-Up on Employment Issues Confronting the Hedge Fund Industry

If you read one thing... - The EEOC has announced plans to collect employee compensation information from firms with 100 or more employees. - The EEOC’s announcement is just the latest regulatory...more

2/9/2016 - EEO-1 EEOC Pay Transparency Reporting Requirements

NYC’s New Mass Transit Benefits Law Requires Firms to Offer Pre-Tax Commuter Benefits - Hedge Up: A Heads-Up on Employment Issues...

New York City’s new Mass Transit Benefits Law (MTBL) takes effect on January 1, 2016. The law requires covered firms to offer eligible employees the opportunity to use pre-tax income to pay for certain qualified transit...more

12/17/2015 - Employee Benefits Mass Transit Transportation Expenses Wage and Hour

New Women’s Equality Act Legislation Raises Bar for New York Firms

Last week, Gov. Andrew Cuomo signed into law eight (8) bills forming the bulk of the Women’s Equality Act, originally introduced in the New York State Legislature in 2012. The legislation amends the New York Labor Law and the...more

10/27/2015 - Amended Legislation Attorney's Fees Best Management Practices Discrimination Employee Rights Employer Liability Issues Equal Pay Act Human Rights Code Labor Code New Legislation Pregnancy Discrimination Wages Women's Equality Act

Two New NYC Statutes Constrain Hiring Process - Hedge Up - A Heads-Up on Employment Issues Confronting the Hedge Fund Industry

If you read one thing... - Two new employment statutes place additional burden on New York City firms during prospective employee screening and provide fodder for the plaintiffs’ bar - Credit history and...more

9/17/2015 - Background Checks Credit Checks Credit Reports Criminal Background Checks Employee Credit Checks Employer Liability Issues Exemptions Fair Chance Act FCRA Hiring & Firing Job Applicants NYCHRL Screening Procedures

Effectively Managing Workforce Contraction in Turbulent Times

The dramatic drop in the price of oil is forcing many energy-related companies to reevaluate their operations and consider steps to trim their costs. With predictions that low oil prices will extend well into 2016, such...more

1/16/2015 - Best Management Practices Employer Liability Issues Energy Sector Hiring & Firing Involuntary Reduction in Force

Holiday Parties—Employers Beware!

Employers throwing an annual holiday party also throw open a door to a range of potential risks. From unfortunate slip-and-fall accidents to claims of harassment to tragic accidents on employees’ drives home, only one thing...more

12/9/2014 - Corporate Counsel Employer Liability Issues Holiday Parties Holidays

New York City Earned Sick Time Act Amendments

Last week, Mayor Bill de Blasio signed legislation expanding the Earned Sick Time Act (“ESTA”) for New York City-based employers – just in time for its impending effective date on April 1st....more

3/26/2014 - Employee Rights Paid Leave Sick Leave

Appeals Court Reverses ERISA “Trade or Business” Ruling Favoring Private Equity Funds; Creates Uncertainty on Controlled Group...

In our November 9, 2012, client alert, we examined an apparent victory for private equity firms resulting from the District Court of Massachusetts decision that held that two related private equity funds were not liable on a...more

7/30/2013 - Controlled Groups ERISA Federal Taxes Investment Portfolios PBGC Pensions Private Equity Private Funds Sun Capital Partners

Increasing Scrutiny of Employee Pay Cards

The use of pay cards (i.e. prepaid payroll debit cards) to pay employee wages has come under increased scrutiny in recent weeks. One current controversy over pay cards stems from a class action lawsuit filed against a...more

7/30/2013 - Class Action JPMorgan Chase McDonalds Payroll Cards Wages

New York City Earned Sick Time Act

Most New York City-based companies soon will have a new legal obligation to their employees – the provision of mandatory paid sick leave....more

7/1/2013 - Local Ordinance Medical Leave Municipalities New Legislation Paid Leave

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