News & Analysis as of

Executive Compensation

McDonnell Boehnen Hulbert & Berghoff LLP

AI News Roundup – Canadian news organizations sue OpenAI, Trump considers appointing “AI czar”, fighting AI scammers with AI, and...

To help you stay on top of the latest news, our AI practice group has compiled a roundup of the developments we are following....more

McDermott Will & Emery

Key Takeaways | Family Offices: Evolution & Efficiencies

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This session of the Private Client West Coast Forum 2024 focused on recent developments, including income tax planning to support investment performance, executive compensation planning, private placement life insurance...more

McCarter & English, LLP

US Department of Labor’s Salary Threshold Hike for “White Collar” Overtime Exemptions Struck Down by Court

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On Friday, November 15, 2024, in Texas v U.S. Department of Labor, a federal district court vacated the US Department of Labor’s (DOL) April 2024 final rule that increased the salary thresholds for the executive,...more

Fox Rothschild LLP

Texas District Court Vacates DOL Overtime Rule

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The U.S. District Court for the Eastern District of Texas, in State of Texas, et al. v. United States Department of Labor, et al. vacated the latest overtime rule by the Department of Labor (DOL) on November 15, 2024. The...more

Perkins Coie

Glass Lewis Voting Policy Changes for 2025: 8 Things to Know

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Recently, Glass Lewis announced the release of its 2025 U.S. Benchmark Policy Guidelines and guidelines for Shareholder Proposals & ESG-Related Issues that apply across markets. Here are 8 things to know about this year’s...more

BCLP

Proxy Advisors Kick-Off the Holiday Season: Glass Lewis Releases ’25 Updates; ISS Seeks Feedback on Proposed ’25 Changes

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ISS and Glass Lewis generally publish changes to their proxy voting policies around this time of year. Glass Lewis recently issued its 2025 US Policy Guidelines listing changes and clarifications....more

Williams Mullen

Annual Employee Benefits Compliance Checklists: Plan Administrators of Governmental and Church Plans

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Administrators of governmental plans and church plans that are not subject to the Employee Retirement Income Security Act of 1974 (ERISA) should review the following actions to be taken before the end of 2024 and address what...more

Husch Blackwell LLP

Texas District Court Vacates Department of Labor's 2024 Overtime Rule, Returning to the Salary Thresholds Set in 2019

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On November 15, 2024, the U.S. District Court for the Eastern District of Texas vacated the Department of Labor’s (DOL) 2024 overtime rule, which significantly raised the salary thresholds for overtime exemptions under the...more

Houston Harbaugh, P.C.

Federal Court Nixes DOL Recent & Upcoming Salary Minimum Increases

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A federal district invalidated on a nationwide basis the regulation issued last April by the U.S. Department of Labor that increased the minimum salary required under federal law for employees otherwise qualifying as exempt...more

Fox Rothschild LLP

Texas District Court Vacates Increases to Salary Threshold for Overtime Exemptions

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The U.S. District Court for the Eastern District of Texas recently vacated the U.S. Department of Labor’s (DOL) regulations issued in April 2024 that increase the salary threshold necessary to satisfy the Executive,...more

Fenwick & West LLP

Glass Lewis Releases 2025 Benchmark Policy Guidelines

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Last Thursday, proxy advisory firm Glass Lewis released its 2025 Proxy Voting Policy Guidelines 2025 U.S. Benchmark Policy Guidelines, including guidelines for shareholder proposals and ESG-related issues. The guidelines...more

Williams Mullen

Annual Employee Benefits Compliance Checklists - Corporate Counsel

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The following checklist highlights key issues for corporate counsel with respect to employee benefit plans and executive compensation arrangements....more

Porter Hedges LLP

UPDATE: State of Texas and Business Groups Succeed in Vacating DOL’s Final Rule Increasing Compensation Thresholds for Exempt...

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As we reported earlier this year, the Department of Labor (“DOL”) issued a final rule on April 23, 2024 (the “Final Rule”), raising the salary threshold for the so-called “White-Collar” Exemptions and the Highly Compensated...more

Cole Schotz

Federal Court Strikes Down the DOL Salary Threshold Increase on a Nationwide Basis

Cole Schotz on

On November 15, 2024, in State of Texas, et al. v. United States Department of Labor, the U.S. District Court for the Eastern District of Texas vacated the U.S. Department of Labor’s (“DOL”) April 23, 2024 final rule that...more

Sherman & Howard L.L.C.

Federal Judge Nuked Biden-Era Overtime Rule

Sherman & Howard L.L.C. on

On Nov. 15, 2024, a federal judge in the United States District Court for the Eastern District of Texas struck down a Biden-era rule that would have expanded overtime payments for millions of employees through a modification...more

Warner Norcross + Judd

eAlert and Law Shanty: Federal Court Invalidates Department of Labor Rule Increasing Salary Threshold for White Collar Overtime...

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In a major decision issued on Friday, Nov. 15, 2024, the U.S. District Court for the Eastern District of Texas struck down a Department of Labor (DOL) rule that raised the minimum salary threshold required for executive,...more

Jackson Lewis P.C.

A Reprieve for Employers: Texas Court Vacates DOL Rule Increasing Salary Level for Exempt Employees

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In a highly anticipated decision, a federal district court in Texas has vacated the Department of Labor’s (DOL’s) 2024 Final Rule increasing the salary threshold for application of the executive, administrative, and...more

Conn Maciel Carey LLP

Biden EAP Overtime Exemption Rule Vacated, as Judge Sounds Death Knell for Increased Salary Thresholds

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On November 15, 2024, U.S. District Judge Sean D. Jordan of the Eastern District of Texas vacated the Biden Administration’s overtime exemption rule. The final rule, which went into effect on July 1, 2024, included a...more

Shipman & Goodwin LLP

District Court Vacates New Overtime Rule, Making It Null and Void Nationwide

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On November 15, 2024, a federal judge in Texas ruled that the U.S. Department of Labor (“DOL”) exceeded its authority when it issued a final regulation significantly raising salary thresholds for the executive,...more

Haynsworth Sinkler Boyd, P.A.

$44K and $59K FLSA Thresholds Struck Down by Texas District Court

The U.S. District Court for the Eastern District of Texas has vacated and set aside the Department of Labor’s rule raising the salary threshold for exempt employees under the Fair Labor Standards Act (FLSA). The decision...more

Roetzel & Andress

Judicial Ruling Halts 2024 Overtime Threshold Increase

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The 2024 increases to the overtime exemption threshold are vacated nationwide and revert to the prior threshold of just under $36,000. We advised you last month that the Federal Rule increasing the minimums for overtime...more

Constangy, Brooks, Smith & Prophete, LLP

Federal Court vacates minimum salary level increase

On Friday, November 15, a federal court in the Eastern District of Texas vacated the U.S. Department of Labor’s 2024 Final Rule which sought to dramatically increase the minimum salary levels required for an employee to...more

DLA Piper

Compensation Committees: Best Practices for Paying it Right

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This is the second part of a series of client alerts for public companies and their boards and compensation committees, covering key considerations for equity grant practices. Overview - The compensation committee...more

DLA Piper

Navigating New Executive Compensation Disclosure Obligations

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This is the first part of a client alert series for public companies and their boards and compensation committees, covering key considerations for equity grant practices. Overview - Additional executive compensation...more

Fenwick & West LLP

ISS Examines Trends in Shareholder Proposals Over the Past Decade

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Institutional Shareholder Services (ISS) recently released its “U.S. Shareholder Proposals: A Decade in Motion,” in which it examines trends in shareholder proposals submitted at U.S. companies from July 2014 to June 2024, as...more

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