Best Lawyers in America 2020 recognizes 16 Strauss Troy attorneys

Strauss Troy is pleased to announce that 16 of our attorneys have been recognized as The Best Lawyers in America 2020. Attorneys named to The Best Lawyers in America were recognized by their peers in the legal industry for their professional excellence in 145 different types of practice areas.

FINRA Guidance begins to turn the tide in customer’s favor

By William K. Flynn Last year I wrote about problems that happen when a registered representative (a “broker”) leaves the firm and heads for the seemingly greener pastures of a different broker-dealer, or gets out of the wire house merry-go-round and sets up shop with a registered investment adviser. Foremost among these issues is the …Read More

Bayer loses third trial in claims that Roundup® causes cancer

RoundUp weed killer on a store shelf; Bayer purchased Monsanto in 2018 and since then there have been more than 10,000 lawsuits filed against its subsidiary

Verdicts against Monsanto and its parent company Bayer are beginning to pile up after Monsanto loses its third trial over claims that its weed killer product, Roundup®, causes cancer.

If you have been diagnosed with Non-Hodgkin’s Lymphoma and have a history of using Roundup®, then Bayer and Monsanto may owe you a sizeable amount of money. Monsanto’s weed killer, Roundup®, contains a chemical known as glyphosate which has been linked to a type of cancer called Non-Hodgkin’s Lymphoma.

Department of Labor Proposes Increased Salary Level to Qualify for Fair Labor Standards Act Executive, Administrative and Professional Exemption

On March 7, 2019, the Department of Labor announced a proposed rule that would increase the salary level for the Executive, Administrative and Professional exemption from $455 per week, or $23,660 per year, to $679 per week or $35,308 per year. The proposed rule would also increase the salary level for “highly compensated employees” from $100,000 to $147,414 per year.

Strauss Troy Attorney Jeffrey Levine named to Cincy Next Class 6

Strauss Troy attorney Jeff Levine

Strauss Troy is proud to congratulate Jeffrey A. Levine on being selected as a member of the Cincinnati USA Regional Chamber’s Cincy Next Class 6. Jeff is one of 45 early career professionals chosen from a large number of applicants for the Chamber’s leadership program, which focuses on connecting and developing the region’s most talented …Read More

Strauss Troy names Elizabeth Reeder and Stephen Schilling as Shareholders

Strauss Troy congratulates attorneys Elizabeth M. Reeder and Stephen E. Schilling, who have been named Shareholders of the firm. Reeder is a member of the firm’s Corporate|Business and Tax Planning|Compliance groups; Schilling is a member of the Litigation group. Reeder focuses her practice on business and tax law, counseling individuals and businesses from start-ups to established, …Read More

Strauss Troy Listed as a 2019 Best Law Firm by U.S. News – Best Lawyers®

U.S. News Best Law Firms Badge for 2019

U.S. News – Best Lawyers® has recognized Strauss Troy among the Best Law Firms of 2019. Strauss Troy has earned eleven metropolitan rankings and was nationally ranked in Project Finance Law. National Tier 3 Project Finance Law Metropolitan Tier 1 – Cincinnati Commercial Litigation Mass Tort Litigation / Class Actions – Plaintiffs Project Finance Law …Read More

Is your life insurance sufficient? – Planning for your family’s future

It is important to periodically review your life insurance to make sure that you have a policy that will stay in-force long enough to accomplish your estate planning objectives. Recent actions by the life insurance industry to increase costs associated with some policies make it very important to have your insurance reviewed.

Consider if you really need life insurance or if your policy is in danger of imploding. Strauss Troy attorneys can review your current life insurance and assist you if there is a problem with your policy. We can also assist you in evaluating how your policy fits into your current estate plan to ensure that your objectives in providing for your family are met.

Ohio Expands Eligibility Requirements for Expungement of Criminal Convictions

Strauss Troy Attorney Christopher McDowell

Ohio legislature has increasingly expanded the number and types of convictions that can be removed from your record. These changes occurred as a result of the opioid epidemic, criminal justice reform, and a desire on the part of the Republican led legislature to permit more Ohioans to return to the workforce.

On October 29, 2018, the biggest changes yet to Ohio’s expungement law occurred. As of that date, a person in Ohio may expunge up to five felonies and an unlimited number of misdemeanors convictions. As with anything, there are some common sense limitations.

Larry Neuman receives Transformation Award

Strauss Troy attorney Larry Neuman

Strauss Troy attorney Larry Neuman received the Center for Respite Care’s Transformation Award at a banquet on Thursday, October 11 at the Cintas Center.

The Transformation Awards are held annually to honor those who have made a difference in the lives of people in our community.    Honorees are selected based on their commitment to both the Center for Respite Care and improving life for adults who are ill and homeless. Two of the past honorees are Father Michael Graham, President of Xavier University, and Dr Santa Ono, former president of University of Cincinnati. The Center for Respite Care’s is a 20 bed licensed facility in Over-the-Rhine, whose mission is to provide quality, holistic medical care to homeless people who need a safe place to heal, while assisting them in breaking the cycle of homelessness.

Increase your IRA contributions in 2019

Strauss Troy Attorney Claudia Allen

While Congress has not acted on any of the myriad proposals to increase opportunities for retirement savings, the Internal Revenue Service has announced that it will allow a bit more to be deposited into existing plans in 2019.

Next year, contribution limits for salary deferrals in into 401(k), 403(b) and 457(b) plans will increase from $18,500 to $19,000. Catch-up contributions (allowing participants age 50 or over to contribute an additional amount to 401(k) and 403(b) plans and Governmental 457(b) plans) remain limited to $6,000.

IRS issues guidance on changes to business expense deductions for meals and entertainment

Photo of couple meeting over coffee and looking at a computer.

On October 3, The Internal Revenue Service issued guidance on the business deduction for meals and entertainment following changes in the Tax Cuts and Jobs Act (TCJA).

While the act allows a deduction for expenses incurred during the tax year in carrying on trade or business, in 2017, the deduction of expenses related to entertainment, amusement or recreation was eliminated. However, the act does little to explain the tax treatment of business meals and there has been virtually no guidance from the IRS since the enactment of the TJCA until now.