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Judge Hears Oral Arguments on IBA’s Interchange Law Litigation. Last week, a federal judge in the Northern District of Illinois heard oral arguments in the IBA’s litigation challenging the Interchange Fee Prohibition Act. In over two hours of arguments, the judge heard from multiple parties on the IBA and our co-plaintiffs’ motion for a preliminary injunction, the Illinois Attorney General’s motion to dismiss the lawsuit, and retailer groups’ motion to intervene. The judge did not issue any decisions during the hearing and did not indicate how or when she would rule. Read a news article on the hearing
October 31, 2024
Federal Court Invalidates DOL’s Overtime Rule. A federal district court in Texas has invalidated the Department of Labor (DOL)’s overtime final rule, which would have significantly increased the salary level below which an employee is automatically subject to the Fair Labor Standards Act’s overtime and minimum wage requirements. The court concluded that the DOL exceeded its statutory authority in promulgating the rule and that the rule violated the notice-and-comment rulemaking requirements of the Administrative Procedure Act. View the memorandum opinion and order, final judgment, and a related article.
November 18, 2024
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