Blog
Oregon Bank Act Changes Regarding Board Meetings
In 2013, the Legislature adopted changes to the Oregon Bank Act (ORS chapters 706 to 716) which requires the Director of the Department of Consumer and Business Services to set the frequency of board meetings by rule. The proposed rulemaking activity sets the minimum...
It’s Almost Time to Restate Retirement Plans
By Randy Cook & Christine Moehl IRS rules state that qualified retirement plans (e.g., 401(k) plans, defined benefit plans, etc.) must be updated periodically to reflect legislative and regulatory changes. Historically, retirement plan amendments were required...
Business Sales & Acquisitions: A Primer
by Douglas Alexander For many business owners, the culmination of a lifetime of building a successful business is its sale. For many aspiring business owners, the first step is to acquire an already successful business, with plans to continue to grow and expand it as...
Successors Liable for Wage Claims
Recently, the Oregon Supreme Court issued an opinion that may have an impact on wage claims for anybody who purchases a business in Oregon. In an opinion written by Justice Walters, the Court decided what a “successor to the business” means when the Oregon Bureau of...
Creditors’ Security Interest in Reimbursement Monies Jeopardized by the Washington Court of Appeal
The Washington Court of Appeals decided Washington Federal Savings and Loan Association v. The McNaughton Group, et al, on February 3, 2014, which held Washington Federal’s line of credit instrument did not encumber monies owed under a certain “latecomer agreement.”...
Relu Group Scores Big Win for Client
Last month, Saalfeld Griggs’ land use attorneys scored a big win for their client in the City of Salem’s approval of ordinance 2013-04-SM. This ordinance paves the way for the next phase of the Bella Cresta Subdivision to move forward with development. Mark...
Firm Announces New Partners
Saalfeld Griggs PC is pleased to announce that David Briggs, Alan Sorem, and Christine Moehl have become partners in the firm. David Briggs (upper center) practices Employment Law and Litigation. He counsels employers in the areas of employment law compliance,...
Evergreen Air Files for Bankruptcy
Evergreen International Airlines Inc., a provider of air freight and transport services, sought bankruptcy protection yesterday two weeks after creditors asked a court to force the company to pay off its debt through involuntary bankruptcy, Bloomberg News reported...
Regulatory Agencies Release Social Media Guidance for Financial Institutions
The Federal Financial Institutions Examination Council (FFIEC), composed of various financial regulatory agencies, issued guidance to help financial institutions with compliance and legal issues surrounding the use of social media. FFIEC suggests that financial...
Oregon Business Announces Law Firm Rankings
Saalfeld Griggs PC is proud to be the only Salem law firm included in the top 25 of Oregon Business magazine’s Power Book list of law firms. Firms included in the 2014 Power Book list are ranked by the number of lawyers a firm has practicing in Oregon and SW...