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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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Articles & White Papers
Corporate

Merchant Liability and Breaches In Payment Card Security Standards
 

New York Law Journal

March 10, 2009
 
Richard Raysman- New York

There has been an almost 50 percent increase in reported data security breaches since 2007, including financial losses to the affected companies. To combat this trend, the Payment Card Industry Data Security Standards (or PCI standards) were developed as a baseline safeguard that must be followed by merchants and financial institutions that handle credit card transactions. The article reviews the PCI standards, recent litigation and developments in state legislation in the area of liability and data security breaches. To read the full article, please click on the link below.

READ: Merchant Liability and Breaches In Payment Card Security Standards

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