On February 28, 2024, members of the New York City Council proposed three bills that would restrict non-competes at various levels.
This development follows the New York state legislature’s proposed non-compete ban, which...more
On January 10, 2023, the U.S. Department of Labor (DOL) published its highly anticipated final rule for determining whether a worker should be classified as an employee or independent contractor under the Fair Labor Standards...more
On December 22, 2023, the governor of New York State vetoed a state bill that sought to ban non-compete agreements for employees and other service providers.
The bill was passed by the New York State Legislature on June...more
On October 31, 2023, the U.S. Department of Labor (“DOL”)'s Employee Benefits Security Administration (“EBSA”) proposed a new fiduciary rule (the “Proposal”).
If finalized, the Proposal would (1) expand the definition of...more
11/6/2023
/ Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Fiduciary Rule ,
Investment Adviser ,
Investors ,
Prohibited Transactions ,
Proposed Rules ,
PTEs ,
Retirement Plan ,
Savings Plans
On June 20, 2023, the New York State Assembly passed a bill that would ban employers from entering into non-competes with employees and other workers....more