Month: May 2018

New York City’s New Law Seeks to Address and Prevent Workplace Sexual Harassment

On May 9, 2018, New York City Mayor Bill DeBlasio signed the Stop Sexual Harassment in NYC Act (the “Act”), amending the New York City Human Rights Law (“NYCHRL”) to proactively combat sexual harassment in the workplace. The Act, passed by the New York City Council in the wake of the #MeToo movement, creates new obligations for NYC-based employers to…

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$300 Million Gender Discrimination Suit Against Employment Defense Firm Ogletree Deakins Amended to Include Three Former Female Shareholders as Opt-In Plaintiffs

Posted May 14th, 2018. COMPLAINT ADDS TWO INDIVIDUAL DEFENDANTS AND ADDITIONAL CLAIMS SAN FRANCISCO, May 14, 2018 – has amended its $300 million gender discrimination complaint against Ogletree, Deakins, Nash, Smoak & Stewart, P.C. (“Ogletree”). The case is in U.S District Court for the Northern District of California in San Francisco. The Amended Complaint includes the addition of three former…

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5th Circuit Kills DOL Fiduciary Duty Rule

The average person seeking financial advice for their retirement is unaware that the persons giving them advice are under no obligation to be loyal to their needs, to make prudent investment recommendations for them, or overall to act in their best interest. As a result, over the years many financial advisers motivated by their own self-interest have taken advantage of…

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Confidentiality Agreements as the Basis for False Claims Act Suits

Corporations have long used confidentiality agreements as a cudgel to prevent employees from disclosing information about fraud and abuse to the Government. While each confidentiality agreement must be viewed in light of its individual circumstances, potential whistleblowers may be surprised to learn that the Federal Acquisition Regulation (FAR) 52.203-18 actually prohibits the use of government funds with an entity that requires its…

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Sanford Heisler Sharp is Investigating Misconduct Involving Options Assignment

is currently investigating the way E* Trade recently handled the assignment of a naked in-the-money put on the S&P 500 ETF (symbol SPY). A volatile price drop in SPY on the Friday of expiration triggered a likely assignment of 5,000 SPY shares. Rather than closing out the put contract before the close of options trading on Friday, or waiting until…

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