On June 30, the U.S. Department of Labor released its long-awaited Notice of Proposed Rulemaking, which contains a new minimum salary threshold for workers to qualify for "white-collar" exemptions to the Fair Labor Standards Act overtime requirements. Most significantly, the DOL's proposed new minimum salary threshold for the "executive," "administrative" and "professional" exemptions from overtime pay, which are pegged to the earnings percentiles for full-time salaried workers, would more than double the current salary basis of $23,660 per year ($455 per week). The DOL also proposed raising the salary floor for the "highly compensated employee" exemption.
In , 576 U.S. ____ (2015), the U.S. Supreme Court considered whether to overturn , 379 U.S. 29 (1964), its 1964 decision holding that it was per se unlawful for a patent owner to charge royalties for use of a patented invention after the licensed patent has expired. In a 6-3 decision by Justice Elena Kagan, the court in concluded that it was required by stare decisis to affirm the rule.
M&A league tables for the first half of 2015 compiled by Bloomberg and Thomson Reuters show Skadden, Arps, Slate, Meagher & Flom leading the pack among legal advisers, while several other Am Law 100 firms prepare to fete the Fourth of July with some insurance-related transactional work.
The 10th term of the Roberts Court made history by recognizing same-sex couples' right to marry. But that and other surprising liberal victories revealed deep divisions among the justices — not just between the left and right sides of the bench, but often within the court's conservative wing.
The Second Circuit unanimously rejected the Department of Labor's six-factor test championed by the plaintiffs, three aspiring filmmakers who worked at Fox Searchlight Pictures, saying "the proper question is whether the intern or the employer is the primary beneficiary of the relationship."
A federal judge, saying he was unconvinced an appellate ruling toppling separate insider trading convictions could be applied, refused to upset the conspiracy and securities fraud conviction for former Goldman Sachs and Procter & Gamble board member Rajat Gupta.