News & Analysis as of

Threshold Requirements Executive Compensation

Tarter Krinsky & Drogin LLP

New Year Reminder to Employers: Make Sure Your Exempt Employees Are Being Paid Enough to Maintain Their Status

Starting a new year is a good opportunity for employers to review compensation structures to ensure sure they are paying their employees enough to meet the salary thresholds necessary for an employee to maintain their exempt...more

Husch Blackwell LLP

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

Husch Blackwell LLP on

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

Houston Harbaugh, P.C. on

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

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

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

Shipman & Goodwin LLP on

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

UB Greensfelder LLP

State of Texas (and only Texas) Hits a Home Run With District Court Limited Ruling Enjoining New Department of Labor Rule...

UB Greensfelder LLP on

Major League Baseball Hall of Fame Manager Earl Weaver managed his way to 1,480 wins. When asked how, Mr. Weaver cut to the chase: “The key to winning baseball games is pitching, fundamentals, and three-run homers.” While...more

Epstein Becker & Green

Employment Law This Week®: DOL’s Final Overtime Rule, CA Codifies “ABC Test,” Pay Data Collection Beyond 2018, NLRB’s Busy Summer

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This Employment Law This Week® Monthly Rundown discusses the most important developments for employers heading into October 2019. The episode includes: 1. DOL Issues Final Overtime Rule On September 24, the U.S. Department...more

Jones Day

Rule 701–A Time for Change?

Jones Day on

Rule 701 Prior to Amendment: Reliance on Securities Act Rule 701, a securities registration exemption for non-reporting issuers with respect to equity awards granted pursuant to a written compensatory plan, required special...more

Skadden, Arps, Slate, Meagher & Flom LLP

SEC Solicits Comment on Modernizing the Rules and Forms for Stock-Based Compensation

On July 18, 2018, the Securities and Exchange Commission (SEC) issued a concept release soliciting public comment on ways to modernize Rule 701 and Form S-8 of the Securities Act of 1933 to account for recent developments...more

Harris Beach Murtha PLLC

SEC Amendment to Rule 701 May Expand the Use of Equity Compensation by Private Companies

The Congressionally-mandated amendment aims to ease the disclosure burdens of private companies that grant compensatory stock to employees. Grants of securities to employees, including stock options, restricted stock and...more

Harris Beach Murtha PLLC

Easing the Burden: SEC Amendments Extend Smaller Reporting Company Status to More Businesses

The Securities and Exchange Commission (SEC) recently approved amendments to the definition of “smaller reporting company” (SRC), which will allow more businesses to take advantage of scaled disclosure requirements in their...more

Orrick, Herrington & Sutcliffe LLP

Amendments to Smaller Reporting Company Definition

On June 28, 2018, the Securities and Exchange Commission ("SEC") adopted amendments to the definition of "smaller reporting company" to expand the number of public companies that are eligible to provide scaled disclosure and...more

Sullivan & Worcester

SEC expands "smaller reporting company" definition

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The SEC today approved amendments to the "smaller reporting company" definition to expand the number of companies that qualify for certain existing scaled disclosure accommodations. The new smaller reporting company...more

Bond Schoeneck & King PLLC

When Reclassifying Employees from Exempt to Non-Exempt, Don’t Forget the Wage Theft Prevention Act Notices

Employers in New York are familiar with the requirement, imposed by the Wage Theft Prevention Act, that every new hire must be provided with notice of their rate of pay (including overtime rate of pay if applicable), how the...more

Foley & Lardner LLP

FAR Thresholds Adjusted for Inflation

Foley & Lardner LLP on

Under a final rule effective October 1, 2015, acquisition-related dollar thresholds in the Federal Acquisition Regulation (“FAR”) will be adjusted for inflation. Government contractors should be aware of these inflationary...more

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