News

Arkansas Business has recognized Taylor Stockemer as one of Arkansas’ 40 under 40. In the latest issue released Tuesday, Arkansas Business named Taylor along with 40 other professionals across the state. These leaders will be formally recognized on June 11 at 11:30 A.M. at the Statehouse Convention Center.

LITTLE ROCK, AR – February 27th, 2024 – The Arkansas Bar Association recently announced the appointment of Amie Schoeppel Wilcox to the Board of Directors of Legal Aid of Arkansas. The appointment, effective immediately, is for a three-year term, extending until December 31, 2026.

The Olivia Farrell Gender Equity Leadership Award, established by Arkansas Business and the Women's Foundation of Arkansas, pays tribute to Olivia Farrell. Farrell, former President and CEO of Arkansas Business was inducted into the Arkansas Women's Hall of Fame and the Walton College Arkansas Business Hall of Fame. She was also a co-founder of the Women's Foundation of Arkansas in 1998. This recognition celebrates companies in Arkansas actively utilizing tools to support women at work and enhance their overall workplace culture.

The United States Department of Labor recently announced the final rule federalregister.gov regarding independent contractor status under the Fair Labor Standards Act.  This rule, scheduled to go into effect on March 11, 2024, rescinds the 2021 Independent Contractor Rule, and will make it more difficult for an employer to classify individuals as independent contractors.  As part of its news release, the DOL states “The rule provides guidance on proper classification and seeks to combat employee misclassification, a serious problem that impacts workers’ rights to minimum wage and overtime pay, facilitates wage theft, allows some employers to undercut their law-abiding competition and hurts the economy at large.”

The Corporate Transparency Act (CTA) was enacted in 2021, but implementation of the new law was delayed on several occasions. As of January 1, 2024, however, the CTA’s beneficial ownership reporting requirements are in effect. This alert reviews critical points every business owner should consider in determining the steps necessary to comply.

Friday, Eldredge & Clark, LLP newest partner Lindsey E. Raines focuses her practice on bankruptcy, creditors’ rights, landlord/tenant issues, and intellectual property. She has successfully represented financial institutions, property owners, creditors, and businesses in a wide range of cases, including commercial and residential foreclosures and evictions, account collection, contract disputes, and other commercial litigation matters.

Friday, Eldredge & Clark proudly continues its community engagement initiative, Friday Cares, now in its 8th consecutive year. Raising over $7,000 in funds - funds utilized to support foster kids in need through the CASA Christmas for a Child Wishlist in Central and Northwest Arkansas. Additionally, providing over 4,000 meals to families in need through contributions made to the Arkansas Food Bank and NWA Food Bank.