Stout proudly announces that Steven Rathbone has joined the firm as Managing Director in its Investment Banking group. Mr. Rathbone brings deep industry expertise to the firm's Business Services and Diversified Industrials practice areas. Mr. Rathbone has more than 15 years of experience providing strategic advisory and corporate financial services, with a primary focus on sell-side mergers and acquisition transactions. His experience spans a wide range of industries but is most concentrated in business services (information technology and managed services;...

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By Sean M. McCrory  Maury Baskin  Robert F. Friedman  Tammy D. McCutchen On August 31, 2017, the U.S. District Court for the Eastern District of Texas granted summary judgment for a diverse coalition of 55 business groups, led by the U.S. Chamber of Commerce and joined by numerous state governments, challenging the U.S. Department of Labor’s (DOL) redefinition of who qualifies as an exempt employee under the Fair Labor Standards Act (FLSA).1  The decision effectively nullifies the DOL rule in...

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