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2. HOUSING: CHANGES TO HOMEBUYER CREDIT. JENNIFER L. HARRISON, CPA, taxmanager for HLB GROSS COLLINS, PC, in Atlanta: "Congress recently extended andamended the homebuyer credit. Initially, the homebuyer credit was availableonly to first-time homebuyers. The new bill allows existing homeowners toobtain a credit for home purchases if certain criteria are met, raises theamount of the credit, and raises the income limitations for claiming thecredit." The new bill is summarized in the article "Amendments Offer Creditsto Both New and Existing Homebuyers" (available athttp://tinyurl.com/ylctpdu). News Contact: Lane Bassham,[email protected] Phone: +1-770-433-1711 (3/10/10)
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3. LAW: REVIEW OF "HONEST SERVICES" LAW OVERDUE. TOM HAGEMANN, of GARDEREWYNNE SEWELL, and author of "The Sea and the Mirror: Some Reflections onCorporate Honest Services Fraud and the (Hypothetically) InnocentCorporation": "Former Enron CEO Jeffrey Skilling's bid for a new trial wasbolstered last week when the U.S. Supreme Court heard oral arguments relatedto the federal 'honest services' law. A re-examination of the law isimperative as the statute is extraordinarily broad and arguably vague. The lawprohibits employees from depriving employers 'of the intangible right ofhonest services,' giving the government almost unbridled prosecutorial powerto apply that 'right' as it sees fit. While limiting principles may mean fewerprosecutions, they are long overdue." Hagemann tried United States v. Bayly,et al., the case that led an appeal to a wave of cases challenging private-sector honest services fraud prosecutions. News Contact: Rhonda Reddick,[email protected] Phone: +1-800-559-4534 (3/10/10)
4. LAW: WAGE AND HOUR CLAIM PANDEMIC PLAGUES HEALTHCARE INDUSTRY. SHANTIATKINS, Esq., president and CEO of ELT, the leading specialists in ethics andworkplace compliance training, can provide expert commentary regardingunderstanding the litigation pandemic facing the healthcare industry, and whatcan be done to manage risk and avoid legal missteps: "In 2009, wage and hourclass-action lawsuits exploded, outpacing all workplace discrimination claimscombined. According to the Department of Labor, nearly 70 percent of employersare out of compliance with federal and state wage and hour laws. But theindustry currently hardest hit by the wage and hour lawsuits surge ishealthcare. In an industry where one second could mean life or death, and atthe same time, where managing exploding litigation costs is central toensuring quality patient care, it's important to educate the healthcareworkforce on the basics of state and federal law, as well as individualworkplace policies." News Contact: Shani Wright, [email protected] Phone:+1-212-219-0321 (3/10/10)
PROFNET is an exclusive service of PR Newswire.To submit an Opportunity by e-mail: [email protected] consult the ProfNet Experts Database: http://www.prnewswire.com/profnetTo contact ProfNet by phone: +1-800-PROFNET, ext. 1To share a thought on ProfNet Expert Alerts: [email protected]. Government: Gov. Quinn's Illinois State Budget Address 2. Housing: Changes to Homebuyer Credit 3. Law: Review of 'Honest Services' Law Overdue 4. Law: Wage and Hour Claim Pandemic Plagues Healthcare Industry
SOURCE ProfNet
