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Companies have open questions about the fate of the Obama-era overtime regulations, despite a Texas federal court ruling nixing rules that would have doubled the salary threshold for workers eligible for time and half pay, and extended greater pay to millions of more workers.
The answers will hinge on how the U.S. Department of Labor (DOL) moves to revise the Obama administration's rules. Meanwhile, companies — many of which were unable to wait for the courts to resolve the dispute — had to make decisions on whether to comply or keep the status quo and continue to prepare for however the regulations ended up.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.