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SEC Teaches ICO Investors a Lesson
May 21st, 2018
In its latest effort to thwart cryptocurrency scammers, last week the Securities and Exchange Commission launched its own (mock) initial-coin-offering website: HoweyCoins.com. But Howey Coins are not about getting rich quick. Anyone who clicks “Buy Coins Now” on the site will instead be directed to an investor-education website, which identifies red flags that investors should be on...
New EU Regulation Protects Consumer Data Privacy
May 15th, 2018
After many years of debate, the European Union has passed a comprehensive set of data privacy rules known as the General Data Protection Regulation (GDPR). These rules, which go into effect on May 25, apply to any company that collects, stores, or uses the personal data of European residents. The term “data” is defined broadly, encompassing information ranging from credit card numbers...
$97 Million Dollar Judgement to Wells Fargo Employees for Unlawful Rest Breaks
May 10th, 2018
On May 8, 2018, the Central District of California awarded more than $97 million to home mortgage consultants and private mortgage bankers employed by Wells Fargo that were denied rest breaks between 2013 and 2017. The court found that Wells Fargo was not only liable for wages owed based on their workers’ hourly rate, but also based on the commissions and other nondiscretionary pay earned...
Cocktail Server Illegally Fired From NYC’s Ascent Lounge
May 1st, 2018
On Thursday, April 26, 2018, the National Labor Relations Board ruled in favor of a New York City cocktail server who was fired after complaining at a staff meeting about the wage practices and working conditions at the upscale Ascent Lounge. The Board agreed with an Administrative Law Judge’s finding that the timing of the server’s termination – two days after the staff meeting in...
Supreme Court of California Expands Definition of “Employees” Who Are Protected by Wage Laws
April 30th, 2018
On April 30, 2018, the Supreme Court of California, the highest court in the State, reached a landmark decision for hourly workers. In Dynamex Operations West, Inc. v. Lee, the Court denied Dynamex’s appeal of the lower court’s order, which certified a class of delivery drivers who Dynamex argued were independent contractors, and therefore not entitled to the protection of certain wage...
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