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To embed, copy and paste the code into your website or blog: The federal Fair Labor Standards Act (FLSA) and some state wage laws contain provisions that impose criminal penalties on violators.  These provisions, once rarely used, are taking on new life as government officials have begun leveraging them in recent criminal-enforcement actions.        Historically, the most common penalties employers faced for violating wage laws were money damages resulting from civil lawsuits brought by private plaintiffs or government agencies.  Although Section 216(a) of the FLSA provides that employ...

As a nation Bangladeshis commemorated the golden jubilee of their independence a little more than a month ago. While the official functions and ceremonies were effectively restricted to the invited guests counting top dignitaries from the region and far, ordinary citizens weary of the unannounced blockades of the main thoroughfares (purportedly to provide security to VIPs and facilitate their movements) while reeling under the deadly Covid-19 pandemic, got an opportunity to engage in introspection about the significance of the anniversary and what independence meant to them. Millions of Bangl...

48 Central Scientific Research Institute Kirov; 48 Central Scientific Research Institute Yekaterinburg; State Scientific Research Institute of Organic Chemistry and Technology; and 33 rd Scientific Research and Testing Institute. As a result of these designations, any person (U.S. or non-U.S.) that engages in a significant transaction with any of these parties is itself at risk of having sanctions imposed, including being designated as a Specially Designated National And Blocked Person (“SDN”).  Further, the FSB, the Director of the FSB, the GRU, two GRU officers, and three of the above...

To embed, copy and paste the code into your website or blog: The Wage and Hour Division of the U.S. Department of Labor (“WHD”) issued six opinion letters in January 2021.[1]  They address a number of important issues under the Fair Labor and Standards Act (“FLSA”).  To ensure wage and hour compliance, we recommend reviewing these letters closely and consulting counsel with any questions as to how they may apply to a specific business situation. FLSA2021-1 In FLSA2021-1, the WHD addressed whether account managers employed by a life science products manufacturer were properly classif...

Tucked into the 2021 National Defense Authorization Act (NDAA) 1  passed over a presidential veto on January 1, 2021, 2  on page 1,238 of the 1,480-page bill, was a modification to the Securities Exchange Act of 1934 (Exchange Act) 3 that constitutes a response to a couple of recent Supreme Court cases that had limited the U.S. Securities and Exchange Commission’s (SEC) ability to obtain disgorgement from defendants in enforcement actions. Prior to the NDAA, the SEC did not have explicit statutory authority to obtain disgorgement from securities law violators; instead, federal courts have...