Thomas P. Gies

May 7, 2024 | mondaq.com | Christopher Banks |Thomas P. Gies |Sadina Montani |Eric Su

On April 26, 2024, the Department of Labor ("DOL") published the Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees Rule ("Final Rule"), which will increase the minimum salary thresholds for bona fide executive, administrative, and professional exemptions under the FLSA.

Jan 30, 2024 | mondaq.com | Thomas P. Gies |Ira M. Saxe |Eric Su |Andrew Bagley

On January 10, 2024, the U.S. Department of Labor ("DOL") published its final rule on Employee or Independent Contractor Classification under the Fair Labor Standards Act ("FLSA"). Crowell & Moring previously reported on the proposed rule announced on October 11, 2022.

Jun 20, 2023 | lexology.com | Thomas P. Gies |Eric Su |Ira M. Saxe |Sadina Montani |Andrew Bagley |Jessica S. Nam

In Clark v. A&L Homecare and Training Center, LLC, Nos. 22-3101/3102, a split three-judge panel for the U.S. Court of Appeals for the Sixth Circuit held that notice to potential plaintiffs should only be issued if lead plaintiffs show a “strong likelihood” that such absent employees are “‘similarly situated’ to the plaintiffs themselves.” In so holding, the Sixth Circuit joined the Fifth Circuit in rejecting the long-standing “lenient” two-step collective action certification process.

Mar 22, 2023 | today.westlaw.com | Eric Su |Ira M. Saxe |Matthew Moisan |Thomas P. Gies

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Mar 13, 2023 | lexblog.com | Eric Su |Ira M. Saxe |Matthew Moisan |Thomas P. Gies

March 13, 2023On Friday, March 10, 2023, regulators shut down Silicon Valley Bank (“SVB”) and seized its deposits, resulting in the second largest U.S. banking failure since the 2008 financial crisis.  Specifically, SVB was closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (the “FDIC”) was named receiver.