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31 July 2015

MBBP’s (Waltham) Employment Law Advisor July, 2015 - Significant Amendments To The Overtime Regulations Proposed By The DOL Will Result In Many More Workers Becoming Entitled To OvertimeIf the U.S. Department of Labor’s (DOL) proposed rule is adopted, any exempt employees who earn less than $50,440 per year will need to be reclassified as non-exempt.  These employees will now earn overtime if they work over 40 hours per week.This proposal would increase the salary level required significantly in order for the employee to remain qualified for the “white collar” exemptions.To learn more about this proposal and how it may affect you if it goes into effect, please read our full Employment Law AdvisorU.S. Department of Labor Issues Interpretation on Independent Contractor MisclassificationThe Administrator of the U.S. Department of Labor (“DOL”) Wage & Hour Division issued a formal Interpretation to provide “additional guidance” concerning the misclassification of workers as independent contractors under the federal Fair Labor Standards Act (“FLSA”). Businesses continuing to utilize independent contractors need to understand that combating misclassification is a priority for DOL and this latest action may lead to increased misclassification litigation.More information on this important issue can be found hereMBBP Hosts Angel/Entrepreneur Panel At Venture Café, Cambridge, MAMBBPs VC Practice gathered a distinguished panel of angel investors and entrepreneursfor interactive discussion on the Pitfalls, Perspectives and Possibilities of Angel Investments.    The turnout was fantastic with over 90 attendees! To see the impressive list of panelist click here. 

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