The Tarnished Parachute
May 30, 2006
As American companies struggle to compete in a global market, they are increasingly considering the merits of eliminating or reducing costly retiree benefits. For many companies, the costs of these benefits have become staggering. For example, before recently announcing plans to freeze health benefits for tens of thousands of its white-collar retirees, Ford Motor Co. was facing health-care expenses of more than $3.5 billion. Its rival, General Motors, which according to recent reports owes a projected $89 billion in welfare and pension benefits to its current and future retirees, just announced that it will offer workers with 10 years' experience a payment of $140,000 and a pension, if in return these workers will leave their employment and forgo health care benefits.
What's the Intention of the Retention?
May 30, 2006
Most of us who have had some experience with 'Hague' cases typically become involved only after children have been transported to or from the United States by one parent. Unfortunately, our clients living here or abroad rarely seek legal advice before their spouses travel internationally with the couple's children, leaving the client behind. Of course, many parents leave clandestinely with their children, thus rendering it impossible for the remaining spouse to seek preventative legal advice. However, we need to be prepared to offer advice prospectively.This article addresses the 'retention' issue.
What Do You Want To Read?
May 26, 2006
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Litigation
April 27, 2006
Recent rulings of interest to you and your practice.
Labor Law Update
April 27, 2006
A rundown of significant recent developments in labor law.
Seven Reasons Why Mediating Employment Disputes Is a Good Idea
April 27, 2006
The explosion of employment claims in this country has resulted in an increased focus on resolving employment disputes prior to trial, in particular through mediation. Unfortunately, businesses and their managers often fail to appreciate why employment matters are particularly well-suited to mediation. This, in turn, discourages parties from participating meaningfully in mediation. The following article examines seven compelling reasons why mediation is such an attractive and viable option for prospective litigants.