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New Illinois WARN Act Imposes Additional Requirements on Illinois Employers ( March 2005 )
Beginning January 1, 2005, Illinois employers will need to comply with a new state law requiring 60 days advanced notice of a “mass layoff, relocation or employment loss.” The new law, known as the Illinois Worker Adjustment and Retraining Notification Act (“Illinois WARN” or “the Act”), mirrors in many respects the federal Worker Adjustment and Retraining Notification Act (WARN). Illinois WARN, however, differs from the federal WARN Act in five critical ways. This article explores those differences and provides practical advice on how to handle them. -
New Tax Law May Drive Down Employer Settlement Costs ( February 2005 )
Prior to President Bush's signature late last week of the new tax law (known as the American Jobs Creation Act of 2004), there was a split of authority in courts across the country on the issue of whether contingent attorney's fees paid directly to attorneys out of a judgment or settlement were excludable from the taxpayer's income or were includible in income. The courts in California consistently held that such contingent attorney's fees were includible into the taxpayer's income. -
Mergers and Acquisitions: WARN and the NLRA ( February 2004 )
A goal of many M&A transactions is to create synergies by combining operations and eliminating duplicated effort. Often, such restructuring results in personnel layoffs or plant closings, implicating the Worker Adjustment and Retraining Notification Act (WARN), which Congress enacted in the mid-1980s to require employers to provide advance warning of certain mass layoffs and plant closings. -
Layoff Checklist ( June 2001 )
With the economy booming and unemployment low during the last few years, many companies struggled to keep and attract employees. Now with the dot-com bust and the economy on the verge of recession, companies are striving to cut costs and reduce employees. Companies now risk lawsuits from laid-off employees unhappy with their treatment. Consequently, employers should carefully consider the legal risks they face before conducting layoffs. Below is a list of topics to keep in mind. -
Employment Practices Liability Insurance: A Viable Preventive Strategy ( December 2000 )
This article reviews the benefits of obtaining Employment Practices Liability Insurance as a viable preventive strategy against employment claims. -
Managing Employment Issues in M & A Deals ( November 2000 )
This article reviews important employment considerations companies should consider when acquiring or merging with another company. -
Severance Agreements--Friend Or Foe? ( November 2000 )
A severance agreement is an contract entered into between a departing employee and the employer, by which the emplo.
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