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Securities & Financial News to Note : Bulletin - February 6, 2012

This bulletin is published every other week on Monday and is disseminated via electronic mail. It features brief summaries of current legal developments in the SEC/corporate, accounting/tax, banking, litigation, as well as other business and financial service areas when appropriate.

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Labor, Employment and Benefits: Alert - February 6, 2012

The U.S. Supreme Court recently denied an employer’s request for review of a decision by the U.S. Court of Appeals for the Eighth Circuit, which held that tipped employees spending more than 20 percent of their time performing related but non-tipped duties must be paid the full minimum wage for that time, without the tip credit.

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Environment
Newsletter - March 2001
 
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New "Tulloch Rule"
 
March 13, 2001
 

The EPA and Corps announced on January 9 that they have signed a final rule closing the “loophole” in CWA wetlands regulation the agencies claim was created by a 1998 D.C. Circuit court decision invalidating the so-called “Tulloch Rule.” According to the announcement, the final rule modifies the definition of “discharge of dredged material” by clarifying the types of activities the Corps and EPA believe should be regulated as “discharges of dredged material.” The rule reportedly will regulate the use of mechanized earth-moving equipment to conduct landclearing; ditching; channelization; in-stream mining; or other earth-moving activity in waters of the U.S. as a “discharge of dredged material,” unless project-specific evidence shows that the activity results in only “incidental fallback.” The rule also provides a definition of what constitutes non-regulable incidental fallback that the agencies believe is consistent with the recent D.C. Circuit court decision.

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