It is no secret that identity theft is on the rise. To help combat and prevent identity theft, the Federal Trade Commission (“FTC”) enacted regulations known as the Red Flag Rules. These Rules require certain businesses to develop and implement a written identity theft prevention program. The deadline for enforcement of the Rules is August 1, 2009. Per the …Read More
As of January 1, 2009, an estate valued up to $3,500,000 is exempt from federal estate tax. Current law provides that the federal estate tax will be repealed in 2010 and reinstated in 2011 with a $1,000,000 exemption and a higher tax rate. Most commentators believe that the new Congress will not permit the estate tax to be repealed …Read More
It is not uncommon for an employment agreement for a sales person to including language that, “Employer reserves the right to amend or terminate this agreement at any time and for any reason.” Such “reservation-of-rights” provisions are common in sales representative agreements where the representative is compensated at least in part by commission payments. Employees and their counsel typically dislike these …Read More
The recently enacted American Recovery and Reinvestment Act (the “Act”) includes what is being called the “COBRA Subsidy,” which provides laid off workers with a reduction in the cost for continuing their group health insurance. COBRA is an acronym for the federal law requiring group health plans to extend insurance protection to qualifying terminated employees who would otherwise lose coverage. Because …Read More
Strauss & Troy was the proud host of the Welcome Reception for the Commercial Real Estate Women (CREW) 2009 Midwest Regional Conference. Conference attendees, including local officials, developers, lenders, architects, and other industry professionals gathered in the elegant Hall of Mirrors in the Netherland Hilton in Downtown Cincinnati to kick off the April 23-25 conference. This was the first time Cincinnati …Read More