Andrew Liazos
Subscribe to Andrew Liazos's PostsAndrew C. Liazos is the global chair of McDermott’s Benefits & Compensation Practice Group and has practiced at McDermott for over 25 years. Andrew focuses his practice on compensation and benefit matters, including related securities, M&A, IPO, private equity, international and litigation matters. Clients range from Fortune 500 companies to compensation committees to individual executives in employment and severance negotiations. Read Andrew Liazos' full bio.
FTC Final Noncompete Rule: Game Plan Checklist
By Andrew Liazos, Brian Mead, Heidi J. Steele and Aaron P. Sayers on Jul 16, 2024
Posted In Employee Benefits, Employment
With the Federal Trade Commission’s Final Rule that would ban noncompetes nationwide set to go into effect on September 4, 2024, assuming pending litigation doesn’t cause any delays, employers should begin planning now to address any potential compliance concerns. Legal and human resources teams will need to consider the impact of the Final Rule on...
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Recording and Key Takeaways: FTC’s Final Noncompete Rule: Developing Your Game Plan
By Andrew Liazos, Brian Mead and Heidi J. Steele on Jul 9, 2024
Posted In Employee Benefits, Employment
During this recent webinar, McDermott Partners Andrew Liazos, Brian Mead and Heidi Steele discussed what employers should consider in the evolving landscape of noncompete agreements. With the Federal Trade Commission’s Final Rule that would ban noncompetes nationwide set to go into effect on September 4, 2024, assuming pending litigation doesn’t cause any delays, employers will...
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Soaring to New Heights: The IRS’s Crackdown on Aircraft Usage by Corporations and High-Income Earners
By Andrew Liazos, David Fuller and Jennifer Hill on Mar 1, 2024
Posted In Executive Compensation, Fiduciary and Investment Issues
The Internal Revenue Service (IRS) has announced plans to initiate dozens of new audits this spring in an attempt to ground high-flying taxpayers and their personal usage of corporate aircrafts. These audits will focus primarily on “highest risk” corporations and large partnerships, IRS Commissioner Danny Werfel stated. Werfel added that audits of high-income earners will...
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Tenth Circuit Reaffirms Preemption of State Pharmacy Network Regulations
By Andrew Liazos, Michael B. Kimberly and Sarah P. Hogarth on Aug 23, 2023
Posted In Employee Benefits, Health and Welfare Plans
The US Court of Appeals for the Tenth Circuit recently held in Pharmaceutical Care Management Association v. Mulready (PCMA) that the Employee Retirement Income Security Act (ERISA) and Medicare Part D preempted several provisions of Oklahoma law regulating pharmacy benefit managers and pharmacy networks. Left unchallenged, these provisions threaten the ability of employers and Medicare...
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Deadlines for the Adoption of Clawback Policies Extended
By Thomas P. Conaghan, Andrew Liazos, Eric Orsic, Heidi J. Steele, Daniel Woodard, Dan O’Neil and Kishan Mistry on Jun 15, 2023
Posted In Executive Compensation, Fiduciary and Investment Issues
The US Securities and Exchange Commission (SEC) recently approved amendments to clawback policy listing standards proposed by the New York Stock Exchange (NYSE) and the Nasdaq Stock Market LLC (Nasdaq) that extend the effective date of the exchanges’ respective listing standards to October 2, 2023. Issuers listed on the NYSE and Nasdaq now have until...
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Webinar Replay: What to Know About SECURE 2.0
By Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann on Feb 1, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act
What do retirement plan professionals and participants need to know about the recently passed SECURE 2.0 Act of 2022? In this webinar replay, McDermott’s Employee Benefits team discusses the many changes to retirement plans and individual retirement accounts, including the key changes for 401(k), 403(b) and defined benefit plans as well as other changes impacting...
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JOIN US: SECURE 2.0 Takes Second Bite at Retirement Security
By Sarah L. Engle, Jeffrey Holdvogt, Andrew Liazos, Lisa Loesel, Jacob Mattinson and Brian Tiemann on Jan 24, 2023
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans, SECURE 2.0 Act
Join partners from McDermott’s Employee Benefits team on Wednesday, January 25, 2023, as they discuss the impact of the recently passed SECURE 2.0 Act of 2022. With over 90 changes to retirement plans and individual retirement accounts (IRAs), this webinar will highlight the key changes for 401(k) and 403(b) plans and defined benefit plans, as...
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Employer Group Urges Justices To Hear Seattle Benefits Row
By Michael B. Kimberly, Sarah P. Hogarth and Andrew Liazos on Nov 16, 2022
Posted In Benefit Controversies, Retirement Plans
An employer group says the federal government erred in arguing that a Seattle benefits mandate for hotel workers doesn’t conflict with federal law. According to this Law360 article, the ERISA Industry Committee (ERIC) asked the US Supreme Court to review a US Court of Appeals for the Ninth Circuit decision that backed the Seattle ordinance despite...
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SEC Adopts Final Pay Versus Performance Rules
By Thomas P. Conaghan, Andrew Liazos, Eric Orsic, Heidi J. Steele and Brian Tratner on Sep 15, 2022
Posted In Executive Compensation, Fiduciary and Investment Issues, Retirement Plans
On August 25, 2022, the US Securities and Exchange Commission (SEC) adopted final rules to implement the pay versus performance disclosure requirement mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act added Section 14(i) to the Securities Exchange Act of 1934, which directs the SEC to adopt rules...
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New SEC Rules Heighten Scrutiny Over Executive Pay
By Andrew Liazos on Aug 29, 2022
Posted In Executive Compensation, Fiduciary and Investment Issues
On August 25, 2022, the US Securities and Exchange Commission (SEC) adopted final rules imposing new mandatory “pay for performance” disclosures for most public companies (foreign private issuers, emerging growth companies and registered investment companies are excluded). These rules implement Section 953(a) of the Dodd-Frank Act, which provided for the SEC to adopt pay for...
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