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January 3, 2013
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Legal News in Brief

  Corporate Spotlight 
  • Agencies leave U.S. rating unchanged after budget deal
    Major credit rating agencies are leaving the U.S. rating unchanged as they await the outcome of debate regarding raising the debt limit and an effort to reduce borrowing. Standard & Poor's, Moody's Investors Service and Fitch Ratings have warned that the U.S. faces a possible downgrade. S&P stripped the U.S. of its AAA rating after the last debt-ceiling fight in August 2011. CNNMoney (1/2) LinkedInFacebookTwitterEmail this Story
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  National News 
  • Analysts: Budget deal offers little hope for hiring, sales growth
    Uncertainty created by lawmakers' temporary fix for the budget crisis leaves little hope that the U.S. economy will benefit from improved sales, hiring or an influx of investment, business analysts say. The next battle in Congress over raising the debt limit likely will depress consumer and business sentiment for months, they said. The Washington Post (1/2) LinkedInFacebookTwitterEmail this Story
  Legislative Dispatch 
  Employment Focus 
  • Clock ticking on employers contemplating benefits under health law
    With less than a year before most of the federal health care law provisions kick in, companies are considering making changes to contain their health care costs, experts say. Strategies being considered include eliminating health coverage for retired employees, increasing workers' premiums and putting new employees into more basic health care plans. Large firms are less likely than smaller firms to make significant changes to their health coverage, experts say. The Wall Street Journal (1/1) LinkedInFacebookTwitterEmail this Story
  • Minimum wage rises in 10 states
    The minimum wage has risen in 10 states for 2013. This year some 40 states are expected to look at raising their minimum wage, according to the National Federation of Independent Business. National Public Radio (1/1) LinkedInFacebookTwitterEmail this Story
  Supreme Court and Federal Court Watch 
  • Appeals court: Internet service provider isn't liable in tracking case
    A panel of the U.S. Court of Appeals for the 10th Circuit has upheld a summary judgment that found that an Internet service provider is not liable for allegedly permitting an advertising company to monitor people's online activities. The lawsuit was filed in 2010 against Embarq and United Telephone Company of Eastern Kansas. "Because the [statute] creates no aiding-and-abetting civil liability, Embarq is liable only if it itself intercepted those communications," Judge Harris Hartz wrote. The National Law Journal (free registration) (1/2) LinkedInFacebookTwitterEmail this Story
  Other Legal News 
  Professional and Business Development 
  • How to position yourself for a management job
    Even if your company doesn't offer formal management training, you can begin honing skills that will make you a good boss, Daryl Pigat of Robert Half International says. Work on your communication skills, start helping others succeed and volunteer to lead a project, he suggests. "What I always tell people is to do the job before you have the title," Pigat says. USA Today (12/30) LinkedInFacebookTwitterEmail this Story
  • Tips for being an online applicant standout
    Customizing your résumé with keywords is one way to help your online application stand out, Brie Weiler Reynolds writes. Also, respond quickly to job openings, because recruiters admit they stop looking "after they find what they need," she writes. (12/31) LinkedInFacebookTwitterEmail this Story

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  PLI News 
  • Extra Attention Must Be Paid to Own Compliance Program Agendas for the Coming Year
    The Foreign Corrupt Practices Act guidance issued recently by the Department of Justice and the Securities and Exchange Commission indicates an enhanced focus on compliance programs by the federal government in its enforcement efforts. At the Jan. 9 audio briefing Setting Your Compliance Program Agenda for 2013, two of the nation's most experienced compliance lawyers will discuss what should generally be in a company's compliance program plans for 2013. LinkedInFacebookTwitterEmail this Story
  • FINRA Changes the Playing Field for Private Placements
    In early December, FINRA's new Rule 5123 went into effect requiring members selling securities issued by non-members in a private placement to file the private placement memorandum, term sheet or other offering documents with FINRA within 15 days of the date of the first sale of securities. At the same time, FINRA issued frequently asked questions on the process, which experts from Morrison & Foerster detail on PLI's Securities Law Practice Center. LinkedInFacebookTwitterEmail this Story
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