Monthly Archives: August 2010

ILN Today Post

Bloomberg Article Examines Whistleblower Awards and Protections under the Dodd-Frank Wall Street Reform and Consumer Protection Act

In the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), Congress has crafted an array of bounty awards and whistleblower protections broadly affecting securities, commodities and futures, and consumer financial products firms and those associated with them. Although there was an opportunity to create incentives promoting internal reporting in aid of corporate compliance programs and to rationalize whistleblowing with standardized definitions, procedures and remedies, Congress went in different directions. The result is a set of whistleblower inducements that may frustrate attainment of corporate compliance objectives by driving whistleblowers outside the organization and an enigmatic patchwork of whistleblower protections laden with internal variations that must be mastered.

Read full article
ILN Today Post

DAVIS MALM EARNS TOP TIER RANKING IN INAUGURAL U.S. NEWS – BEST LAW FIRM RANKINGS

Davis Malm is pleased to announce that the firm has earned a “Metropolitan Tier 1 Ranking” in the inaugural 2010 U.S. News – Best Law Firms rankings. The firm was recognized for its excellence in the employment law area. The rankings were just released on the U.S. News & World Report – Best Law firms website and will be published in the October print issue of U.S. News & World Report.

The rankings were a collaboration between U.S. News & World Report and Best Lawyers®U.S. News & World Report is published by U.S. Media Group, a leading source of rankings and service journalism. The Best Lawyers® rankings are among the oldest and most respected peer-review publications in the legal profession.

Read full article
ILN Today Post

DAVIS MALM ATTORNEYS HAROLD R. DAVIS AND WILLIAM F. GRIFFIN, JR. USE INNOVATIVE FINANCING TECHNIQUE FOR SOUTH SHORE TRI-TOWN INFRASTRUCTURE DEVELOPMENT

August 13, 2010 – Boston, MA
For more information contact: Jeanie Griggs
(617) 589-3895; jgriggs@davismalm.com

On August 12, 2010, the South Shore Tri-Town Development Corporation (SSTDC) issued $12,550,000 of Infrastructure Development Revenue Bonds to fund a portion of the public infrastructure needs for SouthField, a phased village-style mixed-use community. Located on the site of the former South Weymouth Naval Air Station, the development will include homes, offices, restaurants, retail shops, a golf course, turf athletic fields, an ice-skating rink, and a movie studio complex. LNR Property Corp., a Florida-based real estate company, is the master developer of the project. Whitman Homes and Interactive Building Group plan to start construction this fall on 60 homes in what will become SouthField’s first residential village, called Southfield Highlands.

Read full article
ILN Today Post

Do Women Really ‘Hold the Cards’ in Our Modern Economy?

You may have read a controversial and thought-provoking article in the July/August issue of The Atlantic magazine called “The End of Men.” The article poses the following question: “What if the modern, postindustrial economy is simply more congenial to women than to men?” After all, as author Hanna Rosin points out, many more men than women lost their jobs during the recent recession, women now make up the majority of the U.S. workforce, most of the job categories that are expected to grow in the next decade are dominated by women, and women are obtaining more B.A. degrees than men. Ms. Rosin believes that all of these developments suggest that “the modern economy is becoming a place where women hold the cards.”

But is the picture really that rosy for women?

Read full article
ILN Today Post

DAVIS MALM ATTORNEYS GARY M. FELDMAN AND LAURIE ALEXANDER-KROM PREVAIL IN FINRA ARBITRATION

August 09, 2010 – Boston, MA
For more information contact: Jeanie Griggs
(617) 589-3895; jgriggs@davismalm.com

Davis Malm attorneys Gary M. Feldman and Laurie Alexander-Krom prevailed in a Financial Industry Regulatory Authority (FINRA) arbitration on behalf of an investment banker client disputing an unpaid bonus following his termination. Our client, an investment banker employed at Cowen and Company in Boston, initiated a FINRA arbitration proceeding seeking payment of his earned bonus for 2008. In February 2009, our client was terminated in a reduction in force of approximately 16 other employees. Cowen and Company refused to pay our client his bonus for 2008, claiming that he was no longer an employee when the 2008 bonuses were paid approximately two weeks after his termination. Following a two-day arbitration hearing before a FINRA panel in Boston, our client was awarded 100% of his bonus claim, $145,000.

Read full article

New ADA Regulations Explained

On July 26, 2010, the U.S. Department of Justice released new regulations under Title III of the Americans with Disabilities Act (ADA) on accessibility for places of public accommodation.  “Places of public accommodation” are facilities operated by private entities whose operations affect commerce and fall within at least one of several categories that include a […]

Read full article
ILN Today Post

DAVIS MALM ATTORNEY HAROLD R. DAVIS INSTRUMENTAL IN SECURING EXTENSION OF BROWNFIELDS TAX CREDIT

August 06, 2010 – Boston, MA
For more information contact: Jeanie Griggs
(617) 589-3895; jgriggs@davismalm.com

On August 5, 2010, Governor Patrick signed “An Act Relative to Economic Development Reorganization” (Chapter 240 of the Acts of 2010) that restructures the Commonwealth’s economic development programs. Included in the legislation is the extension of the Brownfields Tax Credit until 2013, two years beyond its original expiration. The program provides rebates for eligible environmental response costs, offered in the form of tax credits. It is generally considered the most effective in the country. The credit is 50% of eligible costs without an “Activity and Use Limitation” (AUL) restriction and 25% if there is one. Monies spent as far back as August of 1998 qualify for the credit. Developers, commercial businesses, property owners, and even non-profits may be eligible and may receive and sell credits. Extending the program removes the uncertainty of future funding for many remediation projects in the Commonwealth.

Read full article