Monthly Archives: April 2018

Fiduciary Rule Update – SEC to Consider Broker Dealer and Investment Adviser Standards

The SEC has announced it will hold a public meeting on Wednesday, April 18 at 3:30 p.m. to discuss possible standards for broker-dealers and investment advisers when dealing with retail investors (e.g., small retirement plans, their participants, and IRA owners), signaling that it will consider a new fiduciary standard of conduct and related rules.  At…

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Are Discretionary Bonuses Really Discretionary?

For some years, employment law in Connecticut has seemed to make a clear distinction between bonus plans that are discretionary, and plans that guaranteed payment of a bonus if specified performance criteria were met. In a pair of decisions interpreting Connecticut’s wage payment statutes (Connecticut General Statutes sec. 31-68 and 31-72), the Supreme Court of…

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NLRB SAYS GOOGLE’S FIRING OF DIVERSITY MEMO AUTHOR JAMES DAMORE WAS LEGAL

In a recently released and lightly redacted memo, a staff attorney for the U.S. National Labor Relations Board concluded that Google’s firing of James Damore was legal. Last year, Damore, a Harvard graduate and a little-known engineer at Google, ignited a firestorm when he published a memo in which he criticized Google’s diversity policies and…

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Latest Developments from the Connecticut General Assembly: The Labor and Public Employees Committee has Spoken (Softly, but Firmly)

The March 22, 2018 deadline for the General Assembly’s Labor and Public Employees Committee to approve bills has come and gone. As we expected, the close partisan divide kept the Committee from approving a large number of bills. That being said, and as also forecast in this blog, the gridlock did not keep the Committee…

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