| Volume 111 Number 4 |
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The People’s Lawyer’s Tip of the Day
Beware "phishing" emails. Identity thieves have become experts at sending emails that appear to be from your bank, employer, and sometimes even the government. Whenever you get an email that asks you to click a link to update your information, do not click that link. Instead contact the institution, or go to their official website on your own, to determine if it is a legitimate inquiry. Click here for more.
Department of Labor Doubles Overtime Threshold
The Department of Labor has revised the overtime rules to double the salary threshold for workers to be eligible for overtime. The threshold for overtime benefits has not been updated since 2004, and the concern of the Department and Obama Administration was that failure to adjust the threshold for inflation was putting more pressure on an already squeezed middle class. The change raises the salary of those who are eligible to receive overtime to those making less than $50,440, from the old standard of $23,660.
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Your Money
Rebalancing your portfolio is like flossing your teeth. We all know we should do it more often, but sometimes we forget or put it off. This article helps you get down to the basics of making sure your retirement portfolio is diversified where you need it. Click here for more.
For the Lawyers
Arbitration provision that excepted any fee claims by attorney from its scope but require client arbitrative all claims. was not substantive unconscionable. The Texas Supreme Court reversed a lower court ruling that an arbitration clause was substantively one-sided, unconscionable and unenforceable. The supreme court noted, “In sum, although the provision was one-sided in the sense that it excepted any fee claims by Royston, Razor from its scope, excepting that one type of dispute does not make the agreement so grossly one-sided so as to be unconscionable.” Royston, Rayzor v. Lopez (Texas Supreme Court 2015) Click here for more.