- Law.com – Firms Get Ready for Wave of Bankruptcy Filings
While some major companies, such as Lehman Brothers Holdings Inc., Tribune Co. and Circuit City Stores Inc., filed for bankruptcy protection from creditors in 2008, there are a lot more companies quietly scrambling to set their finances straight in the hopes of avoiding bankruptcies, lawyers in the area say. While some may succeed, the pipeline of those likely to fail is growing, they say.
(bankruptcy ) - ‘Chaotic’ Lehman Bankruptcy Cost up to $75B in Value | ABA Journal – Law News Now
The report by Alvarez & Marsal says the quick filing destroyed $50 billion to $75 billion in Lehman value. Delaying the bankruptcy filing by a few weeks would have allowed Lehman to transfer or unwind its derivatives trades and preserve more cash for creditors, the report concluded. A delay also would have allowed Lehman to sell assets before the bankruptcy depressed their prices, Alvarez & Marsal co-chief executive Bryan Marsal told the Wall Street Journal.
(bankruptcy lehman ) - Shopfloor » Blog Archive » Transparency Informs Labor Criticism — Keep it That Way
Malkin was able to write an informative and damning column because of reports made available through the Department of Labor. She and other journalists, the public, and union members have all benefited from Labor’s concerted efforts to improve union transparency, most carried out through the Office of Labor Management Standards and including such sites as unionreports.gov. With all major players in the U.S. economy under increased scrutiny and unions hoping to create a more static, less responsive labor market through the Employee Free Choice Act, maintaining oversight and transparency are critical.
(labor unions lm2 uaw ) - Slashdot | Amtrak Photo Contestant Arrested By Amtrak Police
Photographer Duane Kerzic was standing on the public platform in New York's Penn Station, taking pictures of trains in hopes of winning the annual photo contest that Amtrak had been running since 2003. Amtrak police arrested him for refusing to delete the photos when asked, though they later charged him with trespassing.
(overcrim ) - Justices’ Ruling in Discrimination Case May Draw Quick Action by Obama – NYTimes.com
WASHINGTON — President-elect Barack Obama and Democrats in Congress are planning swift action to overturn a Supreme Court decision that made it much harder for people to challenge discrimination in employment, education, housing and other fields.
(ledbetter ) - Search Results – THOMAS (Library of Congress)
Title: To amend title VII of the Civil Rights Act of 1964, the Age Discrimination in Employment Act of 1967, the Americans With Disabilities Act of 1990, and the Rehabilitation Act of 1973 to clarify that a discriminatory compensation decision or other practice that is unlawful under such Acts occurs each time compensation is paid pursuant to the discriminatory compensation decision or other practice, and for other purposes.
(ledbetter ) - House Passes “Ledbetter” Fair Pay Act But Too Soon to Declare Victory
In a close vote of 225 to 199, today the U.S. House of Representatives passed the Lilly Ledbetter Fair Pay Act of 2007. It's not surprising that the bill passed, because it simply re-states the law as it has been interpreted for many years. What is truly shocking is that 199 members of the House voted to roll back our rights and deprive women of this longstanding remedy for pay discrimination.
(ledbetter ) - Fair Pay, Fair Play – washingtonpost.com
While it is a legally defensible reading of the law, the decision is impractical.
(titlevii eeoc ledbetter ) - Op-Ed Contributors – Restore the Senate’s Treaty Power – NYTimes.com
In 2002, the administration considered submitting the Treaty of Moscow, a nuclear arms reduction agreement, for majority approval of Congress. Vice President-elect Joe Biden, who was then the chairman of the Senate Foreign Relations Committee, privately made clear that he would vigorously oppose such an attempt to evade the Senate’s constitutional prerogatives. The administration agreed to submit the agreement as a treaty, and the Moscow agreement cleared the Senate.
(treaties internationallaw ) - Patent Docs: Teva CEO Predicts Passage of Follow-on Biologics Bill in 2009
Despite the looming economic crisis — or perhaps as a result of it — the Reuters report noted that many "industry observers" see passage of a follow-on biologics bill as a way for President-elect Obama to cut healthcare spending. Mr. Marth cautioned, however, that passage of a follow-on biologics bill would depend on which issues the Obama Administration would decide to attack first.
(biologics ) - Give Me Liberty or Give Me Jail Artist Responds to Complaints for Creating Statue of Liberty Murals
Murals of the Statue of Liberty have appeared on hi-rise buildings throughout Los Angeles. City officials in Los Angeles have cited the artist and have threatened to file criminal charges.Councilman Jack Weiss who represents West Los Angeles and Hollywood, stated the city should file charges against McNeilly. "People shouldn't be doing this. And the city attorney should go after them aggressively and throw the book at them," he said, according to David Zahniser in the Los Angeles Times, Jan. 1, 2009.
(overcrim firstamendment ) - The Best Indie Pop of 2008 < PopMatters Picks: The Best Music of 2008 | PopMatters
- Jackson Lewis – Mandatory First Contract Interest Arbitration
In addition to the card-check provisions, employers should be aware of another part of EFCA that may prove equally challenging. EFCA allows a company and a union only 90 days to negotiate a first-time collective bargaining agreement. If they are unsuccessful after 90 days, either party can demand mediation. If after 30 days mediation proves unsuccessful, a contract will be imposed on the company and the union by a third-party arbitrator in a process called “interest arbitration.”
(efca cardcheck )
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