The California statewide minimum wage is currently $9.00 per hour. It will increase to $10.00 per hour on January 1, 2016 as a result of the passage of AB 10, which I blogged about here. But local jurisdictions are always free to set higher minimum wages, and that…
Silicon Valley Bank, the Angel Resource Institute, and CB Insights just released their Q4 2014 Halo Report. The report shows that angel investment for the quarter has decreased, with the median round size ($600K) down 39% from Q1 2014 levels ($990K). Other notable findings include: — Internet, healthcare,…
On September 30, 2014, California Governor Jerry Brown signed AB 2617. This new law prohibits mandatory, pre-dispute arbitration agreements in contracts for goods and services, to the extent the agreement purports to waive rights provided by California Civil Code 51.7 (the “Ralph Civil Rights Act”) and/or 52.1 (the…
On September 30, 2014, California Governor Jerry Brown signed AB 802. Under this new law, which takes effect on January 1, 2015, private arbitration companies (e.g., AAA, JAMS) will be required to collect and publish certain information about private arbitrations they administer. The previously private information which must…
“Wage theft” occurs when an employer confiscates an employee’s tips or otherwise fails to properly pay an employee. It has long been recognized as a problem in California. That’s why Governor Brown signed one of the nation’s first wage theft laws, AB 469, back in 2011. You can…
Silicon Valley Bank, the Angel Resource Institute, and CB Insights just released their Q4 2014 “Halo Report.” The report generally confirms that angel investment is increasing, with the median round size ($980K) up 31% from Q4 2013 levels ($750K). Other notable findings include: — Internet, healthcare, mobile, and…
A recent New York Times article points to signs that the lending environment is improving for small business. According to Keri Gohman, an Executive Vice President and head of small business banking for Capital One who is quoted in the article, “It’s actually a really great time to…
The Affordable Care Act requires employers with 50 or more employees to provide health coverage for their employees or face stiff fines. To comply with the new law, many employers were canceling their group health plans, dumping their employees into the health exchange (which is Covered California in…
Peer-to-peer (“P2P”) lending started about a decade ago to allow individuals and other small investors to lend money to each other over the internet. By going P2P, banks were cut out of the process, resulting usually in lower interest rates and more funds available for the small businesses…
Earlier today, the National Labor Relations Board (“NLRB”) Regional Office 13 issued a groundbreaking decision in Northwestern University v. College Athletes Players Association (Case No. 13-RC-121359) which could fundamentally alter the relationship of college football players to their schools and to the N.C.A.A. The NLRB’s Regional Office ruled that:…