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On October 1, 2016, a State-passed bill amending the definition of a “trade secret” to expressly include “financial information” will take effect. This seemingly small change could have substantial impacts on any businesses handling and/or disclosing financial information.
7/25/2016
As a result of Louisiana’s continuing budget woes, Governor John Bel Edwards’ administration has conducted a review of the economic impact and effectiveness of the state’s generous economic development incentives.
7/20/2016
A variety of statutory changes relating to the construction industry took effect on July 1 as the result of the unanimous passage of House Bill 535. Section 20 of the Bill imposes new requirements relating to monitored alarm systems in residential and commercial settings.
7/14/2016
Mississippi’s S.A.F.E. Mortgage Act (“SAFE Act”) was scheduled to be repealed on July 1, 2016. On April 6, 2016, Governor Bryant approved Senate Bill 2504 (“S.B. 2504”), which reenacts the SAFE Act and makes a number of substantive changes to the requirements under the SAFE Act that may be of interest to residential mortgage lenders, originators, brokers, and servicers doing business in Mississippi. These changes are effective July 1, 2016.
6/28/2016
On July 1, 2016 House Bill 535 will become effective. It was unanimously approved by the House and Senate, signed by the Governor, and significantly affects many facets of the Construction Industry.
6/20/2016
After months of advancing the need for change, Citizens Property Insurance Corporation scored a big win recently that just might be an effective way to avoid increasing the backlog of litigation that’s been brimming with fraudulent third-party claims for “emergency repair” services. The problem stems from Assignment of Benefits (AOB) lawsuits, which have proliferated to the point where they have caused insurance rates to surge.
6/2/2016
The U.S. Department of Labor has issued the much-anticipated update to the FLSA overtime regulations. The new rules take effect on December 1, 2016. The final salary threshold rule is slightly lower than the Department’s proposal but still doubles the salary threshold for executive, administrative, and professional exemptions, raising the threshold from $23,660 to $47,476 a year, or from $455 to $913 a week.
5/19/2016
As the familiar phrase goes, “what you see isn’t always what you get.” For Florida voters, that may very well be the case this November, as two competing groups work to persuade voters to either cement—or modify—current solar energy policy in Florida.
5/9/2016
In a connected world, sound information security practices are crucial for every employee of a business. Even a single simple lapse in judgment, like clicking on a link in a “phishing” email, can put all computer networks- and the sensitive information stored on them- at risk.
4/28/2016
"After Campbell-Ewald v. Gomez, Can a Complete Settlement Offer Moot a Potential Class Action?" - Washington Legal Foundation, author: Adams and Reese attorney Christopher A. Roach, April 2016
4/22/2016
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