Buechner Haffer Meyers & Koenig Co., LPA
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September 2017 Archives

Preventing a contract dispute

If you run a business, you may encounter a number of challenges. However, we know that contract disputes can be especially difficult and may present serious consequences for a businses, from financial penalties to damaged business relationships. In Cincinatti and across the whole state of Ohio, it is vital for business owners who are in the process of drafting a contract to make sure that they do what they can to prevent a contract dispute from arising in the future.

Summary Judgment Granted to Texas Business Groups Challenging the Obama Administration's Revised Overtime Rule

By Brian R. Redden with Robert G. Hyland

On August 31, 2017, a Texas federal court judge declared that the Revised Overtime Rule issued in 2016 by the Obama Administration that would have altered the landscape with respect to non-exempt employee and overtime regulations for employers throughout the United States is invalid. United States District Court Judge Amos Mazzant granted summary judgment to the various business groups who had challenged the new 2016 FLSA Overtime Rule. This rule would have doubled the minimum salary required to qualify for the white collar/executive exemption from $23,660.00 to nearly $47,500.00. This new Overtime rule, covered in this Blog in November, 2016, was expected to have significant impact on numerous industries and a negative impact on middle income earners' ability to earn overtime or compensatory time. The rule would have impacted many administrative, middle management, and sales personnel. The Trump Department of Justice is not expected to appeal the Judge's decision.

How employees can make or break a merger

Mergers signal growth for Ohio businesses. However, if the employees in both companies are not adequately prepared, it could spell disaster. According to Forbes magazine, some studies indicate that the majority of mergers fail. Fortunately, many of the pitfalls are avoidable.

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