Michigan’s outgoing governor last month signed into law the Paid Medical Leave Act. The new law, which will go into effect on March 21, 2019, requires employers with 50 or more individuals to grant paid medical leave to eligible employees. The term “eligible employee” does not include employees classified as […]
On September 7, 2017, credit-reporting agency Equifax announced that it experienced a data breach earlier in the summer. The attack impacted the sensitive and personal information of around 143 million people. The attack occurred due to software vulnerability in a web application framework that Equifax used – Apache Struts. Although […]
A ransomware attack occurs when a malicious program finds its way into a computer system and prevents a company from accessing its files until the perpetrator receives ransom payment. Even if the ransom is paid, however, there is no guarantee that the target company will regain access to its data. […]
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Set and Forget? A Self-Directed 401(k) Plan Sponsor’s Investment Fiduciary Obligations Under ERISA
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The variable rate taxable bond is becoming a popular financing method for capital projects, debt refinancing and acquisition financing. Variable rate taxable bonds are available for non-manufacturing as well as manufacturing clients. The interest rates on variable rate taxable bonds are generally 1 to less than conventional interest rates. The […]
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Industrial Development Revenue Bond (IDRB) Financing for New and Existing Manufacturing Facilities
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On the heels of the Fixing America’s Surface Transportation Act’s (FAST ACT) December 4, 2015 signing by President Obama, the Federal Highway Administration issued a February 24, 2016 Memorandum discussing various provisions of the legislation, including size and weight restrictions for carriers operating on the interstate system. Click the attachment […]
There is good news for religiously-affiliated organizations on the financing front. On September 16, 2002, the Michigan Attorney General’s Office granted its approval of Michigan Strategic Fund (“MSF”) revenue bond financing for the costs of land acquisition and construction of a new 73,100 sq. ft. school facility for our client, […]
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European Union Court Finds American Privacy Protection Insufficient; May Impose Severe Restrictions on US-EU Data Transfers
Does your company maintain a database that includes personal information on citizens of the European Union? If so, you are probably able to do so without penalty because of a provision, recognized in European* and American law, that has provided a “safe harbor” for American companies – subject to the […]
Conversion of another person’s property has been defined in Michigan as “any conduct inconsistent with the owner’s property rights.” You could take someone else’s property and conceal it, sell it, destroy it, or simply refuse to give it back upon request; if you do, you may have committed common law […]