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2nd Circ: FLSA s Extended Limitations Period Requires Plausible Factual Pleadings

Thursday, April 29, 2021 Because the plaintiff failed to allege any facts supporting his claim that his former employer acted willfully in failing to pay him overtime, he was not entitled to the FLSA’s extended, three-year statute of limitations. Therefore, as his claim was filed well after the standard two-year limitations period for such claims had expired, the trial court properly dismissed the claim.  Whiteside v. Hover-Davis, Inc.,  2021 U.S. App. LEXIS 12415 (2d Cir. Apr. 27, 2021). In so ruling, the Second Circuit resolved a split within its own district courts and joined with the Sixth Circuit Court of Appeals in an existing circuit court split with the Tenth Circuit. The Second Circuit has jurisdiction over federal courts in New York, Connecticut, and Vermont.

$1 3 trillion dealmaking frenzy isn t slowing down

$1.3 trillion dealmaking frenzy isn’t slowing down No one knows for sure what the post-coronavirus era holds. But businesses are doing their best to get ready, announcing a wave of mergers and takeover bids designed to prepare them for what’s next. What’s happening: Global mergers and acquisitions worth $1.3 trillion were announced during the first three months of the year, according to data from Refinitiv. That’s a 94% increase compared to one year ago, and the strongest opening period since records began in 1980. It’s the third quarter in a row that dealmaking has come in above $1 trillion. The tech sector has been particularly hot. During the first quarter, it registered $274 billion in deals, more than triple 2020 levels.

IBM spinoff joins a long list of questionable corporate names

IBM spinoff joins a long list of questionable corporate names
kake.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kake.com Daily Mail and Mail on Sunday newspapers.

$1 3 trillion dealmaking frenzy isn t slowing down

$1 3 trillion dealmaking frenzy isn t slowing down
henryherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from henryherald.com Daily Mail and Mail on Sunday newspapers.

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