Publications
Update on the New Federal Overtime Regulations and the New York Minimum Wage
Westlaw Journal – Employment
July 6, 2016
On May 18, 2016, the U.S. Department of Labor (“DOL”) announced the DOL’s final rule extending coverage of overtime pay under the federal Fair Labor Standards Act (“FLSA”). Along with the announcement, the DOL released guidance on the final rule and the FLSA’s requirements after the rule becomes effective on Dec. 1, 2016. In this article, partners Mark Brossman, Ronald Richman and Holly Weiss, special counsel Scott Gold, and associate Adam Gartner detail the effects of these new regulations and provide an update on New York minimum wage requirements.
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Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]
Alerts
The US Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) have overhauled Form PF and private fund managers have until March 12, 2025, to begin reporting on the new Form. The changes to the reporting requirements mandated by the amendments to the Form (“Form PF Amendments”) will require substantial preparation by many managers.[1]