ALABAMA WORKERS’ COMPENSATION RATE CHANGE EFFECTIVE JULY 1, 2024

Practice Area: Connie Shannon

ALABAMA WORKERS’ COMPENSATION RATE CHANGE EFFECTIVE JULY 1, 2024

As of July 1, 2024, the maximum workers’ compensation payable increased to $1,130.00 per week and the minimum increased to $311.00 per week. Click here to view the Alabama Department of Labor Memo: https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://labor.alabama.gov/docs/guides/wc_weeklywage.pdf&ved=2ahUKEwj10v3XloaHAxXb18kDHZQqCqUQFnoECBMQAQ&usg=AOvVaw1TDhXT5QNv_7MuwuwNevrx

LEGISLATIVE AMENDMENTS TO ALABAMA’S DESIGN PROFESSIONAL REQUIREMENTS

During the 2023 legislative session, the Alabama State Legislature passed Act #2023-477, significantly impacting architects, engineers, and other design professionals in the state. Introduced by State Senator Clyde Chambliss, this bill aims to protect clients who may not be familiar with professional liability insurance policies and their coverage. Signed into law on June 14, 2023,…
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FLORIDA LOSES CLEAN WATER ACT PERMITTING AUTHORITY

On April 12, 2024, the United States District Court for the District of Columbia issued a ruling revoking the State of Florida’s permitting authority under the Clean Water Act. In Center For Biological Diversity v. Regan, the district court granted partial summary judgment in favor of the environmental group plaintiffs, holding that Florida’s Department of…
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SEC CHARGES AUDITOR BF BORGERS WITH “MASSIVE FRAUD”

The Securities and Exchange Commission (the “SEC”) has announced settled enforcement proceedings against audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “BF Borgers”), charging them with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (“PCAOB”) standards in its audits and reviews of hundreds of public companies,…
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FINRA SUSPENDS BROKER FOR WHATSAPP MESSAGING MISUSE

FINRA recently announced a six-month suspension penalty for a broker who utilized WhatsApp to communicate with firm customers about securities-related business. These communications included obtaining authorization to buy and sell stock, discussions about account performance, and discussions related to customer complaints. During its investigation, FINRA found the communications took place between November 2020 and January…
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SOUTH CAROLINA COURT OF APPEALS HOLDS “PAY WHEN PAID” CLAUSE IN CONSTRUCTION CONTRACT UNENFORCEABLE

In J&H Grading & Paving, Inc. v Clayton Construction Company, Inc., 441 S.C. 272 (2023), the South Carolina Court of Appeals held that statutory language expressly prohibits parties from conditioning payment to the subcontractor upon the owner’s payment to the general contractor and makes any agreement to the contrary unenforceable. Clayton Construction Company, Inc. (“Clayton”),…
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FEDERAL TRADE COMMISSION ADOPTS RULE BANNING NONCOMPETE AGREEMENTS

On April 23, 2024, the Federal Trade Commission (“FTC”) voted to adopt a new rule banning noncompete agreements.  The rule prohibits employers from enforcing agreements to prevent employees from working for competitors or starting a competing business once their employment has ended. FTC’s new rule applies to any agreement containing a noncompete clause, defined as…
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