On April 23, 2024, the U.S. Department of Labor (DOL) issued its final rule to raise the minimum salary amount employers must pay to exempt employees to avoid paying overtime under the Fair Labor Standards Act (FLSA). Effective July 1, 2024, employers must pay certain salaried employees in the United States, who are classified as exempt, including those who take advantage of the common executive, administrative, and professional (EAP) exemptions, the equivalent of $844/week or $43,888/year to avoid overtime requirements. The previous threshold amount was $35,568/year. According to the DOL, the new salary level is being set at the 35th …
Federal Trade Commission Issues Final Rule Banning Most Noncompete Agreements
On April 23, 2024, the Federal Trade Commission (“FTC”) voted by a 3-2 margin to issue a final rule prohibiting employers from entering into and enforcing most non-competition agreements (“noncompetes”) against current and former workers. The FTC’s vote came more than a year after issuing its notice of a similar proposed rule on January 5, 2023 and collecting public comments through April 19, 2023. The FTC’s final rule proclaims that most noncompetes constitute a form of unfair competition pursuant to the FTC Act (15 U.S.C. § 45). In 2023, after seeking client input, Coolidge Wall submitted a public comment to …
Coolidge Wall Welcomes New CFO/COO To Firm’s Leadership Team
FOR IMMEDIATE RELEASE DAYTON, Ohio – The law firm of Coolidge Wall Co., L.P.A. is pleased to announce that Natasha J. Mumford is joining the firm to serve in the combined role of Chief Financial Officer and Chief Operating Officer. Mumford was previously Controller and Interim CEO at The Rehabilitation Institute of Ohio, a Joint Venture Between Premier Health and Encompass Health. “We are extremely pleased Natasha is joining us,” said Coolidge Chief Executive Officer, Daniel J. Gentry. “She has excellent credentials and deep experience. Having a person of Natasha’s caliber benefits our firm by ensuring Coolidge lawyers can maintain …
Coolidge Wall Shareholder Marc Fleischauer Becomes One of Only 13 Attorneys in the State to Become an Ohio Bar Association Certified Specialist in Labor and Employment Law
Coolidge Wall is pleased to announce Marc Fleischauer, chair of the firm’s Labor and Employment Department, has become one of only 13 newly certified specialists announced by The Ohio State Bar Association recently. As a certified specialist in Labor and Employment Law, he joins more than 1,300 attorneys in the State certified as specialists by the Ohio Bar since 1998. All attorneys licensed to practice law in Ohio must have graduated from an accredited law school, passed an intensive examination and attend continuing legal education courses as required by the Supreme Court of Ohio. Some attorneys who devote a large …
Coolidge Wall attorney Jordan Staley Outlines the Impact and Appeal Process of Rising Residential and Commercial Real Estate Property Taxes in Montgomery County, Ohio, in BAR BRIEFS.
Jordan Staley, an associate in the firm’s Real Estate and Corporate/Business Departments, wrote an article in the most current issue of the Dayton Bar Association’s BAR BRIEFS. He writes about the recent rise in residential and commercial property taxes in Montgomery County, Ohio, understanding the impact, and outlines the process to appeal. Read more below.