Information Roundup
Weekly Briefs: Prime companies named for feminine fairness companions; Trump inflated web price by $2.2B, movement says
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These regulation companies ranked greatest for feminine fairness companions
Three giant regulation companies are reporting that greater than 33% of their fairness companions are ladies, based on Law360 Pulse’s 2023 Girls in Legislation Report. They’re Littler Mendelson (36.8%), Jackson Lewis (33.8%) and Ropes & Grey (33.1%). Two midsize companies surpassed these percentages. Half of the fairness companions are ladies at Berry Appleman & Leiden, whereas 48.9% of the fairness companions are ladies at Fragomen, Del Rey, Bernsen & Loewy. (Law360)
Trump’s false paperwork established, New York AG says
Former President Donald Trump at instances inflated his web price by as much as $2.2 billion, based on a movement for partial abstract judgment in a civil fraud lawsuit by New York Legal professional Common Letitia James. The movement says no trial is required to find out Trump “grossly” inflated his belongings on monetary statements. James says the statements had been used to acquire actual property loans and favorable insurance coverage protection. Trump’s legal professionals say all the case must be tossed. They cite an appellate ruling dismissing James’ case towards his grownup daughter Ivanka Trump in June as a result of the allegations had been time-barred. (The New York Times, Reuters, Law.com)
3M to pay $6B to resolve fight earplug fits
3M, a multinational conglomerate company, introduced Tuesday that it has agreed to pay $5 billion in money and $1 billion in widespread inventory to settle 240,000 lawsuits filed over fight earplugs alleged to be faulty. The cash will likely be paid via 2029. The corporate doesn’t admit legal responsibility. (Law.com, 3M press release)
3.6M extra individuals would obtain OT pay beneath proposed rule
The U.S. Division of Labor has proposed rule adjustments that may prolong overtime-pay protections to three.6 million extra staff. The proposal would sweep in additional individuals by making salaried staff who make lower than $55,000 per yr eligible for extra time pay, up from the present stage of $35,568. The proposal additionally higher identifies which salaried workers are govt, administrative or skilled staff who’re “exempt,” that means that they aren’t entitled to extra time if they’re salaried and make greater than the edge stage. The adjustments would additionally routinely replace the wage threshold each three years to mirror present wage knowledge. (Bloomberg Law, the Washington Post, U.S. Division of Labor news release, DOL proposed rulemaking, DOL FAQ page)
