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Legislative, Regulatory & Legal

  • Expert Advice: Avoiding Wage & Hour Class Actions

    The statement  “class action for wage and hour violations” has become an all too familiar phrase in the retail industry. The issue is also a dynamic one with constant changes from year to year, and even month to month. The bad news is that the number of wage and hour class actions filed on a daily basis continues to rise. According to the Economic Policy Institute, the number of FLSA (Fair Labor Standards Act) cases filed in the federal court is more than five times the number 20 years ago.    

  • Retail groups rebut financial industry payment card claims

    Washington, D.C. - The Retail Industry Leaders Association (RILA) and six other merchant associations have sent a letter rebutting recent comments about payment card security from the Independent Community Bankers of America (ICBA). Specifically, the letter outlines three points.  

  • In a Class by Itself

     

    By Michael B. Adreani

     

  • Experts predict fraud trends for 2015

    The new year will bring more fraud than ever before, but also more tools to prevent it, according to three experts from the Association of Certified Fraud Examiners (ACFE).

    The experts at ACFE were asked for their top fraud predictions for 2015. They weighed in on digital currencies, information security and other issues that will help shape the effort to prevent and detect fraud in the new year:

  • Report: Minimum wage hikes to affect 1,400 Wal-Mart stores

    Bentonville, Ark. – Minimum wage increases scheduled to take effect in 24 states and Washington, D.C. will affect employees at more than 1,400 Wal-Mart stores and 200 Sam’s Club in the U.S. According to CNN, Wal-Mart said it has less than 6,000 employees currently earning the federal minimum wage of $7.25 an hour and has already been planning to pay all employees more than the federal minimum wage.  

  • Report – Labor Dept. investigates RadioShack retirement plans

    Fort Worth, Texas – The U.S. Department of Labor is reportedly investigating how RadioShack has been managing its 401(k) retirement plans for employees. According to the Associated Press, the Department of Labor notified RadioShack of the investigation with a letter saying it is looking at the retailer’s management of retirement plans going back to 2011.  

  • Supply chain stakeholders urge Obama to act on West Coast ports

    Washington, D.C. – More than 160 national, state and local trade associations and organizations, representing the interests of the global supply chain and local communities, wrote to President Barack Obama Dec. 23 to urge the administration’s immediate involvement in the ongoing contract negotiations between the International Longshore and Warehouse Union and Pacific Maritime Association. The ILWU and PMA have been negotiating a new labor contract, which covers dockworkers at the 29 West Coast U.S. ports.  

  • Family Dollar delays vote on Dollar Tree; good news for Dollar General

    New York City - In not-unexpected news, Family Dollar has delayed its shareholder vote on a potential acquisition by Dollar Tree; the vote is now slated for Jan. 22, and analysts say this could bode well for a potential deal with industry giant Dollar General.   Family Dollar convened as planned on Tuesday and, based on insufficient votes, subsequently adjourned its Special Meeting of Stockholders on the proposed transaction with Dollar Tree.  

  • Family Dollar delays vote on Dollar Tree bid

    Family Dollar delayed a shareholder vote on a potential acquisition by Dollar Tree until Jan. 22 in a move that allows more time to contemplate a rival bid from Dollar General.

    Family Dollar convened as planned on Tuesday and, based on insufficient votes, subsequently adjourned its Special Meeting of Stockholders on the proposed transaction with Dollar Tree.

  • Judge clears way for Tuesday vote by Family Dollar shareholders

    New York - A Delaware judge has denied a request  to block Tuesday's vote by Family Dollar Stores on a  $8.5 billion take-over bid by Dollar Tree,  saying dissident shareholders "failed to demonstrate a reasonable probability of success on any of their claims."   A shareholder lawsuit had requested a preliminary injunction against the vote until Family Dollar “properly engaged” in talks  with rival Dollar General to “achieve a value-maximizing transaction.”  
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