Changes to Overtime Rules Will Impact Employers and Employees Alike

This past March, President Obama issued a Presidential Memorandum directing the U.S. Department of Labor to “propose revisions to modernize and streamline the existing overtime regulations” in the Fair Labor Standards Act (FLSA).  This follows on the heels of the president’s statement in his 2014 State of the Union address to that he intended to use his executive authority where possible to advance elements of his economic agenda, including increasing the minimum wage and raising compensation for workers generally.   The...

California’s Revised LLC Law: Failure to Check Operating Agreements Can Result In Costly Disputes

On January 1st, 2014, significant revisions to California’s limited liability company law came into effect. Some of the more impactful changes relate to the “default” rules applied to LLCs, their members, and their managers when the LLC operating agreement is silent on an issue or if the intent of the parties cannot otherwise be determined. These revisions can lead to potential conflict between LLC members who are relying on the old default rules to define their rights and obligations and...

Read More

California’s “Business Judgment Rule” Won’t Save Corporate Officers From Negligence Claims

Business is all about making decisions. Strategic, operational, or otherwise, the choices made by a company’s directors and officers can mean the difference between an enterprise that dominates a market or one that becomes an example of poor management and bad judgment.   But bad judgment in business happens, and California, like most other states, has laws that serve to insulate corporate directors from liability for reasonable business decisions simply because the results of that decision were less than stellar.  However, this...

Read More

Tell Us About Your Case

Please fill out the form below and an attorney will be in touch in shortly.