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
ILN Today Post

Special Immigration Alert, July 2010: Federal Judge Enjoins Key Parts of Arizona’s Immigration Law

On July 28, 2010, Judge Susan R. Bolton of the U.S. District Court for the District of Arizona issued a preliminary injunction that prevents the most controversial sections of Arizona’s new immigration law (SB 1070) from taking effect. While not finally deciding the constitutionality of SB 1070, the Court found that several of its provisions were likely unconstitutional because they were “preempted” by federal immigration laws and that the failure to issue the injunction would result in substantial harm to the public interest.

SB 1070 took effect on July 29, 2010, but many of the provisions that most angered opponents have been enjoined. These include:

Read full article

Lidings advises Huawei Technologies on the restructuring of its business in Russia

Lidings advises Huawei Technologies on the restructuring of its business in Russia

Read full article

No New Extension of COBRA Benefits Subsidy

The recent passage of the Emergency Unemployment Compensation Program Extension and Extended Benefits Temporary Provisions Extension did not extend the subsidy of COBRA benefits.    Congress had previously extended the subsidy for COBRA benefits through May 31, 2010.   The COBRA subsidy provided a 65% health insurance premium subsidy for up to 15 months to qualified employees […]

Read full article
ILN Today Post

SOX Whistleblower Must Actually Believe Employer’s Conduct Was Illegal, Says Eleventh Circuit

[Ed. Note: We thank our colleague Richard D. Tuschman for this post, which was originally published on EBG’s Florida Employment & Immigration Law Blog]

An employee claiming Whistleblower protection under the Sarbanes-Oxley Act must have actually believed that his company’s conduct was illegal in order to state a claim under the Act, according to a recent decision by the Eleventh Circuit Court of Appeals, Gale v. U.S. Department of Labor, Case No. 08-14232 11th Cir. June 25, 2010) (pdf).

The case arose when Michael Gale was terminated from his employment at World Financial Group (“WFG”). Gale filed a Whistleblower complaint with the Occupational Safety and Health Administration, which enforces the SOX Whistleblower provisions. Gale alleged that he was terminated because he opposed decisions made by company officers relating to waste and misuse of corporate funds, and because he raised concerns regarding the alleged violation of SEC rules and regulations.

Read full article
ILN Today Post

Update: Bioenergy Phase 2 Call

Just a quick update on our previous post.  BC Hydro announced today that it received registrations from 14 proponents for 19 bioenergy projects in response to the May 31 Bioenergy Phase 2 Call request for proposals.  Names of the proponents or descriptions of the projects have not been released.

Read full article