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The New Growth Management Legislation and What It Means to You
This article focuses on the 2005 growth management legislation carries important implications for all those who are engaged in development-related businesses throughout the state. This "pay as you grow" act overhauls and expands key principles of the growth management act, which has remained largely unchanged since it was passed in...
SOX Impact on Nonprofit Organizations
In the three years after the federal governance reform legislation known as Sarbanes-Oxley SOX was adopted in 2002, it has become increasingly clear that the nonprofit sector has been directly affected by the impact of SOX on nonprofit governance best practices. SOX-inspired legislation and regulations also have been enacted specifically...
Attitude Adjustment
For most estate-planning advisors, business succession planning means minimizing estate taxes when transferring a family-owned business to the next generation. Unfortunately, many advisors focus on tax planning while not considering another issue of equal, if not greater, importance to the business owner. Most business owners are primarily concerned with transferring...
The Impact of Sarbanes-Oxley on Private & Nonprofit Companies
The Sarbanes-Oxley Act has a significant impact on private organizations as 87% of survey respondents felt that SOX or other corporate governance reform requirements have impacted their organizations compared to 77% in 2004. The impact of corporate governance reform on non-profit organizations was even more apparent as 97% of non-profits...
The Cost Of Being Public In The Era Of Sarbanes-Oxley
This article based on data received from Foley & Lardner's 2003 and 2004 studies, discusses how the average cost of being public for a company with annual revenue under $1 billion in the wake of corporate governance reform has increased $1.6 million (130%) from the inception of Sarbanes-Oxley through FY...
An All-Star Team
Because Foley & Lardner serves as outside counsel to Major League Baseball MLB, the assumption might be that the firm's lead counsel, Mary Kay Braza, is a pinch hitter called on to get the key hit when MLB needs help but otherwise sits on the bench. While that might be...
Worker’s Compensation Legislation And Surgery Centers – More Form Than Reform But Less Money
This article provides details about workers’ compensation legislative package signed on September 30,2003, which include SB 228, into law that will significantly impact the workers’ compensation program, including certain health care providers. SB 228 prohibits physicians from referring workers’ compensation patients for outpatient surgery services if the physician or an...
California Enacts Legislation To Provide Disability Benefits To Employees Who Take Family Care Leave
This article is a case of Governor Davis who signed into law a bill that amends the Unemployment Insurance Code to provide disability payments to employees who take leave in order to care for a seriously ill family member or to bond with new child. The impact was employees would...
Transactional and Securities Update: Sarbanes-Oxley Act of 2002
Congress enacted the Sarbanes-Oxley Act of 2002 in response to the recent events involving Enron, Arthur Andersen, Global Crossing, Tyco, WorldCom, Adelphia and others. The legislation is broad, covering, among other things, corporate responsibility, financial disclosures, corporate fraud, a new public company accounting oversight board and auditor independence. The Act...
2003 Budget Would Provide Tax Credits For Uninsured And Displaced Workers
President Bush’s new budget proposes over $100 billion in health insurance tax credits for families and individuals, including displaced workers. The budget also includes proposals to loosen restrictions on medical savings accounts MSA and flexible spending accounts FSA. Hospitals and other health care providers would potentially be able to...
Additional Resources
2008 ANNUAL SPRING MEETING DIRECTORY OF EXHIBITORS AND SPONSORS
ATTORNEYS/COUNSEL American Board of Certification Foley & Lardner LLP Jenner & Block LLP Loeb & Loeb LLP Morris, Nichols, Arsht & Tunnell LLP Orrick, Herrington & Sutcliffe LLP Proskauer Rose LLP Vorys, Sater, Seymour and Pease LLP Winston & Strawn LLP...
Growth on the Upper Fox
The Upper Fox River Valley - Green Lake, Marquette and Waushara counties - usually escapes notice when compared with the economic growth of larger areas to the east. This doesn't mean that nothing's happening in the Upper Fox Valley. The biggest changes in Ripon aren't visible changes. ...
SOX Costs Sock Small Firms
Smaller companies may have received multiple extensions for full compliance with the Sarbanes-Oxley Act of 2002 SOX, but they aren't getting any favors when it comes to its costs. "The Cost of Being Public in the Era of Sarbanes-Oxley," a study from Foley & Lardner LLP, found that since...
SOX costs could be cause of surge in private equity buyouts, study finds (Electronic News)
A study reported Thursday contends that companies looking to go public may be discouraged by financial hurdles presented by the Sarbanes-Oxley Act http://www.sec.gov/spotlight/sarbanes-oxley.htm, the corporate governance reforms enacted by the United States government in 2002 http://www.edn.com/article/CA238109.html -- and that the growing trend of private equity buyout http://www.edn.com/article/CA6395971.htmls in the tech...
New Endowment Donors Recognized at Annual Spring Meeting
Geoffrey L. Berman Development Specialists, Inc.-Sustaining Member C.R. Chip Bowles, Jr. Greenebaum Doll & McDonald PLLC-Benefactor Richard P. Carmody Adams and Reese LLP-Benefactor Walter J. Greenhalgh Duane Morris LLP-Sustaining Member Bruce A. Harwood Sheehan, Phinney, Bass + Green-Sustaining Member Andrew...
2007 Annual Spring Meeting Directory of Exhibitors and Sponsors
Attorneys/Experts American Board of Certification Arent Fox LLP Foley & Lardner LLP Fried, Frank, Harris, Shriver & Jacobson. LLP Jenner & Block LLP LECG Loeb & Loeb LLP Morris, Nichols. Arsht & Tunnell LLP Vorys, Sater. Seymour & Pease LLP ...
Ruling reverses court's award of attorney fees
A court can't retain jurisdiction over a settled case to ensure that the defendant pays its attorney fees, the 7th Circuit held on Sept. 11. Nathaniel S. Shapo brought suit in Illinois federal court against Clyde Engle, alleging RICO violations. Engle was represented by Foley & Lardner,...
Sarbanes-Oxley Costs Up Overall
Since the enactment of the Sarbanes-Oxley Act, the average cost of compliance for companies with under $1 billion in annual revenue has increased more than $1.8 million to approximately $2.9 million, a 174 percent overall increase, according to the fourth annual study of corporate governance-related costs by Chicago-based Foley &...
This Just In.(Foley and Lardner L.L.P. has named Nicole Lamb-Hale)(Cushman and Wakefield sells its Michigan business to Signature Associates)(Harvey Kahalas has accepted the deanship of the Stuart Graduate School of Business )
Lamb-Hale named Foley managing partner Foley & Lardner L.L.P. has named Nicole Lamb-Hale as managing partner of its Detroit office, to succeed Steve Hilfinger effective June 1. She becomes the first African-American woman to head a major law firm office in Detroit. ...
Statewide IT group forms
Information technology firms in Wisconsin now have a forum in which to exchange experiences and best practices. The Information Technology Association of Wisconsin will also provide a single voice for the IT industry government policies. ITAW membership spans the state. Founding members include AnswerPort, Robert W. Baird & Co., Berbee...
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