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ROI Influencers: Manufacturing 2021 (T to Z)

President: Scott Mele
Tektite Industries is the leading LED flashlight manufacturer in the world, producing products for outdoor, industrial, government and military markets. During the pandemic, it took its commitment to quality to the fight against COVID-19, manufacturing PPE, including face masks and face shields. Tektite is now producing polycarbonate reusable face shields, using specifications provided by Johns Hopkins University. It also is manufacturing disposable face shields made out of Polypropylene. Additionally, it is producing filter fabric face coverings that provide advanced particle filtration.
Thorlabs Inc. ....

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Benefits Counselor – Spring 2021 - Employment and HR

Benefits Counselor – Spring 2021 - Employment and HR
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.

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Courts Split On Class Action Waivers, Arbitration Provisions In ERISA Litigation - Employment and HR

Courts Split On Class Action Waivers, Arbitration Provisions In ERISA Litigation - Employment and HR
mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.

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Illinois Court Strikes Down ESOP's Arbitration Provision | Polsinelli

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Over the past few years, qualified retirement plans, including employee stock ownership plans (ESOPs) have been adding provisions requiring participant breach of fiduciary duty claims to be resolved through mandatory arbitration on an individual basis rather than through the courts or on a class basis. One reason for doing so is to prevent plaintiffs from bringing spurious lawsuits that contain sufficient facts to survive a motion to dismiss, which would lead to expensive discovery exercises. The risk of such expense could create an incentive for ESOP fiduciaries to agree to substantial settlements to avoid the cost of further litigation regardless of the underlying merits of the allegations. However, there are downsides to having such mandatory arbitration provisions, including the risk of facing a non-appealable adverse arbitration decision and its impact on the ESOP, the ESOP sponsor and the ESOP fiduciaries. Whil ....

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Workers Ask 7th Circ. To Keep ERISA Suit In Court

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Workers Ask 7th Circ. To Keep ERISA Suit In Court
Law360 (January 20, 2021, 5:02 PM EST) A proposed class of current and former Triad Manufacturing Inc. employees urged the Seventh Circuit to keep their ERISA suit in the courthouse, saying an Illinois federal judge correctly ruled that companies can t compel individual arbitration of class actions alleging benefit plan mismanagement.
In a brief lodged Tuesday at the Seventh Circuit, the proposed class said the mandatory arbitration clause in Triad s employee stock ownership plan was null and void because it attempted to restrict workers Employee Retirement Income Security Act-protected right to sue collectively. ....

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