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Member Articles


Do I Have to Pay Overtime? The Fair Labor Standards Act and the Financial Services Industry

BY: DAVID C. BURTON & IGOR M. BABICHENKO; Williams Mullen (North Carolina and Virigina, USA) The number of Fair Labor Standards Act (“FLSA”) lawsuits continues to increase with no signs of slowing down. In the annua ...

Trolling In Financial Waters: The Increasing Threat of Patent Infringement Lawsuits by Trolls in the Financial Services Industry

Contact: ROBERT VAN ARNAM at Williams Mullen (North Carolina & Virginia, USA) As the financial services industry increases its use of technology to match consumer demand and expectations for mobile bankin ...

The “Meaningful Stake” Debate: Third Circuit Reverses Tax Court Decision in Historic Boardwalk

Contact: Jenny H. Connors and Allison T. Domson & Conrad Garcia; Williams Mullen (North Carolina and Virginia, USA) On August 27, 2012, the United States Court of Appeals for the Third Circuit reversed the holding of th ...

Proposed Rules Published on Dodd-Frank Requirements for HOEPA Loans

Contact: Edmund D. Harllee; Williams Mullen (North Carolina & Virginia, USA) On August 15, 2012, the Bureau of Consumer Financial Protection (the “Bureau”) issued a proposed rule and request for public comment on ch ...

Final Rules Published to Revise Dodd-Frank Requirements for Debit Card Interchange Fees

Contact: EDMUND D. HARLLEE; Williams Mullen (North Carolina and Virginia, USA) On Friday, August 3, 2012, the Board of Governors of the Federal Reserve System (the “Board”) issued final rules amending certain provis ...

Sixth Circuit Case Highlights Potential Traps for Employee Health Care Benefits: Clarcor, Inc. v. Madison National Life Insurance Co., Inc.

Contact: BY: MARK S. THOMAS & ROBERT W. SHAW; Williams Mullen (North Carolina and Virigina, USA) In a case that highlights several potential problems in employee benefit plan design, the Sixth Circuit Court of Appe ...

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