The Dilemma of "Too-Big-To-Fail"

The “too-big-to-fail” problem is defined as the government using taxpayer dollars to rescue “systemically important” banks. Federal Reserve Chairman Ben Bernanke said that regulatory reform would fail if it did not contemplate… Read More
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New Rewards Approved For SEC Whistleblowers

The Securities and Exchange Commission (SEC) has approved rules that will entitle whistleblowers to receive 10 to 30 percent of the money they help the SEC collect through enforcement actions. The SEC has rejected requests by business groups to requi… Read More
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Are You Entitled to Be Paid For Time Spent Hauling Equipment From Home?--Federal Appeals Court Says "Yes"

In 2006, a federal appeals court whose decisions are binding precedent for the United States District Court of Kansas (as well as lower federal courts in several other States) examined whether oil riggers were entitled to be paid overtime for certain… Read More
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Plans for Legislation Requiring Whistleblowers to Report Wrongdoing to their Employer

Representative Michael Grimm, R., N.Y. plans to introduce legislation whereby employees would not be eligible for a Securities and Exchange Commission (SEC) bounty program unless they first report the wrongdoing to their company. If the SEC determine… Read More
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Lawsuit Accuses Deutsche Bank of Misrepresenting Quality of Loans Guaranteed by U.S. Government

A civil lawsuit filed Tuesday in Manhattan federal court seeks to recover alleged damages from Deutsche Bank AG related to mortgages that were insured by the Department of Housing and Urban Development. The lawsuit was filed under the False Claims Ac… Read More
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FCRA: Revenge of the Gossip Chain Victims

In the information age, not all information is benign. For example, you probably don’t want people to think you are a convicted felon, especially if you are not. In fact, most employers are reluctant to hire convicted felons–some simply w… Read More
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SEC May Miss Dodd-Frank Deadlines for Whistleblower Rules

A statutory deadline of April 21, 2011 had been imposed by Congress for the SEC (Securities and Exchange Commission) to issue rules for a whistleblower program. The SEC has not yet announced when the final rules of the program, a product of the Dodd-… Read More
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Wage Lawsuit Filed Against Creekstone Farms

Unpaid wages and overtime are sought by employees at a Kansas slaughterhouse, Creekstone Farms Premium Beef. The federal lawsuit seeks class-action status for the 700 individuals employed by the Arkansas City plant. Workers at the plant are seeking m… Read More
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A Tip of the Cap to the Department of Labor for Supporting Tipped Employees

The federal minimum wage is $7.25 an hour, but federal law allows an employer to take a “tip credit” of up to $5.12 an hour for a “tipped employee.” If the employer pays the tipped employee at least $2.13 an hour and the tippe… Read More
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Supreme Court Clarifies That Verbal Complaints Can Trigger Retaliation Protection

In a new ruling by the Supreme Court workers who complained to their superiors, even verbally, about the way they are paid now have strong retaliation protections that they can exercise. These protections can help them to be compensated if they are f… Read More
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