Status: Withdrawn and AbandonedAcquirer: Dragon Gem Limited and Absolute Frontier Limited (Hong Kong SAR, China)Acquired: PEDEVCO Corp. (US)Value: $12 millionIndustry: EnergyPacific Energy Development), a publicly traded energy company engaged in strategic development of energy projects, announced that an equity investment by Dragon Gem Limited and Absolute Frontier Limited, both Hong Kong investors, was terminated because “[t]he investors were unwilling to extend the outside closing date to accommodate the time required for receipt of approval of the transaction by the U.S. Department of Treasury Committee on Foreign Investment in the United States (“CFIUS”), which approval was jointly sought by the parties on September 17, 2017 …” (PEDEVCO Press Release, Pacific Energy Development Announces Termination of Pending Equity Funding Transaction, PEDEVCO Form 8-K, Ex-99.1, Oct. 4, 2017, SEC Filing.) PEDEVCO had entered … [Read more...] about CFIUS Filing Withdrawn and Abandoned: Dragon Gem Limited/Absolute Frontier Limited and PEDEVCO Corp.
A recent decision out of a Louisiana federal court demonstrates that all employers who are sued in cases where the Equal Employment Opportunity Commission (EEOC) handled an administrative charge should promptly send out a FOIA request to obtain the EEOC’s file.In Williams v. Cardinal Health Systems 200, LLC, a female employee reported to her employer that her husband had gotten into a fistfight with one of her co-workers, allegedly because the co-worker was sending her inappropriate text messages. The employee was fired shortly thereafter on Sept. 26, 2011.Nine months later in June of 2012, a lawyer wrote to the employer on behalf of the former employee, suggesting that his client had suffered sexual harassment. The lawyer also suggested that the employer had retaliated against the employee for complaining of the sexual harassment when it fired her. A few weeks later, the lawyer helped the employee fill out and submit an EEOC intake questionnaire form.After receiving the … [Read more...] about Don’t Overlook The Gems In Equal Employment Opportunity Commission (EEOC) Files
A health savings account (HSA) is a type of tax-exempt trust created for the exclusive purpose of paying for qualified medical expenses of an account beneficiary. An eligible employee may allocate a limited amount of funds to the HSA, pre-tax, for current and future medical expenses. The pre-tax contribution may even qualify as a pre-employment tax contribution, not simply pre-ordinary income tax like the commonly used Individual Retirement Account (IRA) or 401(k) savings plan. Funds contributed to the HSA grow tax deferred and potentially tax free. Funds withdrawn from the trust to cover qualified medical expenses are exempt from ordinary income tax. Funds withdrawn for non-qualified reasons are generally subject to a penalty tax as well as ordinary income tax. However, funds withdrawn for non-medical expenses after the age of Medicare eligibility are exempt from penalties and simply subject to ordinary income tax, making the HSA similar to a retirement … [Read more...] about Health Savings Account: A Hidden Gem in Employee Benefits
Arguably the greatest NFL personnel move of the last decade came with little fanfare. It was late on a Saturday afternoon in 2010, deep into the sixth round of the NFL draft.The weekend’s buzz had begun to fade and the draft was humming along at a point where guys like Kansas receiver Dezmon Briscoe, South Dakota State linebacker Danny Batten and Buffalo running back James Starks were coming off the board in rapid succession. Minutes after the Ravens scooped up Morehouse offensive tackle Ramon Harewood, the Steelers turned in their card for pick No. 195. They wanted an undersized receiver from Central Michigan.Ho hum.The kid would become the ninth of 10 Steelers draft picks that weekend and the 23rd receiver selected, 173 picks after the position’s top gem, Demaryius Thomas, went to the Broncos.So mammoth was the pick that it received barely a passing mention in the following day’s Pittsburgh Post-Gazette Steelers roundup.Central Michigan receiver Antonio Brown came … [Read more...] about Bargain bin: How Bears boss Ryan Pace can find hidden WR gems late in the draft
CITY COUNCIL Leonard (Len) Cacioppo Age: 49 What qualifies you to hold this position? I am passionate about our city and the direction the Met Council is trying to force the city. I am currently on the council and would like to remain. What would your top priorities be if elected? Maintaining Gem Lakes’ low density development goals, overseeing development of retail and residential opportunities as then progress, expansion of water and sewer where practical. What do you think is the primary role of government? To serve the citizens in whatever way is best for the community. This service could be in financial management, maintenance of roadways, winter weather services and adherence to adopted development goals. Website or contact: 651-796-3222 Laurel Hynes’ Amlee Candidate responses not available. Gretchen Artig-Swomley Age: 60 What qualifies you to hold this position? I served 12 years in city government and have a depth of experience on zoning, … [Read more...] about Elections 2018: Gem Lake city council candidates