Administrative Leave OK If Feds Gave It Too
Client Alert | 1 min read | 10.19.05
On October 11 DoD issued guidance (http://www.acq.osd.mil/dpap/policy/policyvault/2005-1405-DPAP.pdf) stating that the allowability of costs of paid administrative leave granted to contractor employees as a result of closures caused by Hurricane Katrina will be determined on a case-by-case basis, taking into consideration whether other businesses in the same geographical area were closed because of the hurricane and whether Federal employees in the same area received paid administrative leave. Although the guidance strongly encourages the negotiation of advance agreements regarding the allowability of other “unusual” costs incurred by contractors for the support of displaced employees, contracting officers are directed not to approve payments for Katrina-related costs pending the outcome of claims for such costs from insurance carriers.
Insights
Client Alert | 6 min read | 06.09.26
Is Stock-a-palooza Over? Supreme Court allows SEC to Pursue Disgorgement
On June 4, 2026, the U.S. Supreme Court unanimously held that the U.S. Securities and Exchange Commission (SEC) can continue to pursue disgorgement as an equitable remedy in securities fraud cases without showing pecuniary loss by investors. The Court’s ruling in Sripetch v. SEC resolves a split between the U.S. Court of Appeals for the Second Circuit, which concluded that the SEC must demonstrate pecuniary loss, and the U.S. Courts of Appeals for the First and Ninth Circuits, which declined to require such a showing.
Client Alert | 2 min read | 06.09.26
Client Alert | 7 min read | 06.09.26
Client Alert | 11 min read | 06.08.26
