SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Embraer S.A. of Class Action Lawsuit and Upcoming Deadline – ERJ

NEW YORK, Sept. 26, 2016 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Embraer S.A. (“Embraer” or the “Company”) (NYSE:ERJ) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-06277, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Embraer securities between April 16, 2012 and July 28, 2016 inclusive (the “Class Period”). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Embraer securities during the Class Period, you have until October 7, 2016 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, ext. 9980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased. 

[Click here to join this class action] 

Embraer designs, develops, manufactures, and sells aircraft and systems in Brazil, North America, Latin America, the Asia-Pacific region, Europe, and internationally. 

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company had paid bribes to officials in the Dominican Republic to secure contracts for the sale of aircraft; (ii) Embraer’s President and Chief Executive Officer (“CEO”), Defendant Frederico Pinheiro Fleury Curado (“Curado”) was aware of the bribery scheme; (iii) the foreseeable consequences of the foregoing conduct would cost Embraer hundreds of millions of dollars; and (iv) as a result of the foregoing, Defendants’ statements about Embraer’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis.

On November 1, 2013, after the market closed, The Wall Street Journal reported that Embraer was under investigation by the U.S. and Brazilian governments concerning bribery of Dominican Republic officials to secure a contract for the sale of military aircraft.

On this news, Embraer’s ADRs fell $0.17, or 0.57%, to close at $29.55 on November 4, 2013, the next trading day.

On September 23, 2014, shortly before the market closed, The Wall Street Journal reported that Brazilian authorities had filed bribery charges against eight Embraer employees, claiming that they had bribed officials in the Dominican Republic to secure a $92 million contract.

On this news, Embraer’s ADRs fell $0.26, or 0.68%, to close at $38.25 on September 24, 2014.

On March 16, 2016, after the market closed, various media outlets reported that Elio Moti Sonnenfeld (“Sonnenfeld”), a sales consultant who purportedly paid bribes on behalf of Embraer, had told Brazilian prosecutors that he believed the Company’s top managers, including Defendant Curado, then CEO of Embraer, knew of the illicit payments made in connection with the Dominican Republic sales.

On June 9, 2016, after the market closed, Embraer announced that Defendant Curado was stepping down from his position as CEO after 32 years with the Company, and that Paulo César de Souza e Silva would replace Curado as of July 2016.

On this news, Embraer’s ADRs fell $1.18, or 5.44%, to close at $20.51 on June 10, 2016.

On July 29, 2016, Embraer filed a Form 6-K with the SEC, stating, in relevant part, that: [N]egotiations with the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) for the settlement of the allegations of non-compliance with the U.S. Foreign Corrupt Practices Act (FCPA) have significantly progressed, to the point that Embraer is recognizing a US$ 200 million loss contingency in the quarter ended June 30, 2016.

Embraer also announced its financial and operating results for the quarter ended June 30, 2016. Embraer reported, inter alia, the $200 million loss contingency and a net loss for the quarter totaling $99.4 million, or $0.55 per share.

On this news, Embraer’s ADRs fell $2.93, or 13.82%, to close at $18.27 on July 29, 2016.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com

/EIN News/ —

CONTACT:
                    Robert S. Willoughby
                    Pomerantz LLP
                    rswilloughby@pomlaw.com


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"Popular" shoe box apartments break the law

A handful of six-square-meter apartments allegedly sold for 880,000 yuan (131,963 U.S. dollars) each in Shenzhen City, Guangdong Province.

The city’s Urban Planning, Land and Resources Commission said Monday that the apartments were illegally built and sold.

Local media reported that nine six-square-meter apartments in Nanshan District had sold out the morning of being listed, on Sept. 24, and the average price was 150,000 yuan per square meter.

The apartments feature a folding bed inside a closet. The kitchen and toilet occupy another six square meters, which is allegedly a free gift from the developer.

The news quickly went viral on the Internet, with many people saying the sales were a result of skyrocketing home prices in first-tier cities.

According to an investigation launched Sunday, 11 micro-apartments, located in a 15-storey mixed-use high rise, were put on the market.

The commission said the developer had built the apartments in the pool area without planning permission. Meanwhile, four real estate agent firms, implicated in the sale and promotion of the properties, had used “deceptive marketing techniques.”

The commission confirmed that only four apartments were sold, instead of the nine initially reported.

Nanshan District Land Planning Supervision Bureau ordered Zhongzhi, a capital investment company and owner of the apartments, to restore the apartment complex to its original state. The company was also asked to launch an internal audit.

Zhongzhi said it would void the contracts and return all the money to the buyers.

An investigation has been launched and necessary measures will be adopted to regulate the companies, the commission said.

According to national standards for residential buildings that came into effect in 2012, the usable space of a residential apartment should be no less than 22 square meters.

However, the code does not apply to the micro-apartments in Shenzhen as they were built in 2004.

Easy credit and low mortgage rates have contributed to home-price increase in China’s big cities over the past year.

Statistics show that home prices in Shanghai, Shenzhen and Beijing rose 37.8 percent, 37.3 percent and 25.8 percent year on year, respectively, in August.

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Job Market: Moroccan Firms Triumph Over Foreign Multinationals

Now Hiring. Job Market in Morocco

Rabat – Moroccan firms triumph over foreign multinationals and maintain their popularity over future business talent

Employer branding thought leader, Universum Global, is present in more than fifty markets globally and conducts extensive research amongst students and young professionals. In 2015 Universum expanded its research into five African markets; Algeria, Morocco, Ghana, Kenya and Nigeria. The recently released 2016 results for these regions raises some fascinating insights into the minds of young African talent.

In Morocco the research was conducted between November 2015 and June 2016 with 2,630 respondents across the Business, Engineering/ IT, Natural Sciences, Health Medicine, Humanities, and Law fields of study at 46 universities.

The 2016 results from Morocco show some fascinating and stark differences from their counterparts in sub-Saharan Africa, as well as some major changes from the 2015 survey.

Renowned national carrier, Royal Air Maroc, continues to win the hearts of Business students with an employer brand that is aligned with business student’s top preferences such as opportunities for international travel/relocation and a creative and dynamic work environment. Other top attractive employers among business students are local employers Bank Al-Maghrib and Bourse de Casablanca. Multinational company who beat its counterparts is L’Oréal Group. On the Engineering side, Groupe OCP maintained its no. 1 position, followed by multinational automotive company Renault and the national carrier Royal Air Maroc.

Claudia Tattanelli, Chairman of the Strategic Advisory Board at Universum, said: “Moroccan graduates believe that working with these prestigious employers will allow them to be in a work environment that is creative, where they will be equipped with training and skill development needed resulting having better opportunities for leadership role and career advancement.”

The findings reveal a shift in talent’s desire to work for some industries. Business students steer away from traditionally favoured sector like Professional Services, where we see drops in preference to work in this industry by 14% compared to last year. In the same time other sectors including tourism, fashion, accessories and luxurious goods as well as management and Strategic Consulting gain significant popularity in 2016.

When looking at Engineering students, Engineering and Manufacturing, Energy and Software and Computer Services sector still top the chart. However we see biggest drop (10%) from last year in industrial attractive in Software and Computer Service. Aerospace and Defence, Automobiles and Parts and Technology & Hardware Equipment sectors becomes more attractive to a certain extend (by around 5%) compared to last year.

Moroccan students appear to differ from their Nigerian, Ghanaian and Kenyan counterparts in that their career goals are focused more on a work-life balance, and to a lesser extent, on international travel or relocation opportunities, whereas Nigerian and Ghanaians are looking mainly for training, development, and leadership opportunities. Within the Moroccan survey the importance of travel and relocation within the Business sector is also in the decrease, falling from 2nd place to 5th place as a career goal.

Within the Engineering and Technology sectors in Morocco there were also some stark contrasts to the previous year’s survey.   In 2016, the career goal of being creative or entrepreneurial moved from 4th place to 1st place amongst those surveyed, while the goal of being autonomous or independent shot up from last (9th) place to 3rd place in a major attitude shift that sees Technology students starting to echo the sentiments of those in the Business sector and students in Nigeria, Kenya and Ghana who also value this trait.

Claudia Tattanelli, Chairman of the Strategic Advisory Board at Universum, said: “It is clear across sectors that young professionals Moroccans are looking for workplaces that offer creativity, autonomy and a work-life balance. These traits are more in-line with European and American trends as opposed to sub-Saharan African trends that prioritise goals such as training, development and entrepreneurship. Young Moroccans are also more interested in Prestige than their Nigerian and Ghanaian counterparts who prioritize Money as a key employment goal.”

Students of all degree subjects said their top preferences for their future career were opportunities for international/relocation, recognising performance and innovation. Moroccan graduates expected an average monthly salary of 12,534 MAD per month in their first job.

“Universum’s research is a crucial tool in helping employers get an insight into what students are prioritising in their future careers, our insights for the African region is highlighting a number of insights that employers looking to do business across the continent need to take into account when reaching out to talent. It is clear that although there may be similarities across regions, every country has its own unique characteristics that need to be understood.” Said Mrs. Tattanelli.

2016 Top 10 most attractive employers (Business students)
2016 Top 10 most attractive employers (Business students)
2016 Top 10 most attractive employers (ENG/IT students)
2016 Top 10 most attractive employers (ENG/IT students)

Join the Conversation. What do you think?

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N.J. business owner, 2 firms face visa fraud charges

NEWARK, N.J. (AP) – Federal prosecutors in New Jersey said Monday the part-owner of two information technology firms and an employee fraudulently used a visa program to reduce skilled labor costs.


Prosecutors filed conspiracy charges against Sowrabh Sharma, of New York; his two firms, Jersey City-based SCM Data and MMC Systems, of Ashburn, Virginia; and Shikha Mohta, a Jersey City man who is head of finance for both companies.

Sharma was arrested Monday and was scheduled to make his initial court appearance later in the day. It’s not known if he has an attorney who could comment on the accusations.


Mohta was arrested in May 2015 and remains free on a $100,000 bond.

In a statement, prosecutors said the companies offered consultants to clients in need of IT support. The firms recruited foreign nationals, often student visa holders or recent college graduates, and sponsored them for H-1B visas.

The H-1B program allows businesses in the United States to temporarily employ foreign workers with specialized or technical expertise in a particular field, such as accounting, engineering or computer science.

The defendants and other conspirators recruited foreign workers with purported IT expertise who sought work in the United States, prosecutors said. The conspirators then sponsored the foreign workers’ H-1B visas with the stated purpose of working for Sharma’s two companies.

Prosecutors said the conspirators falsely represented that the foreign workers had full-time positions and were paid an annual salary. They said the workers were only paid when placed at a third-party client and the defendants sometimes generated false payroll records.

When federal officials launched an audit of Sharma’s firms, the defendants allegedly provided fabricated leave or vacation slips for the time periods that the foreign workers were not working, to conceal that they were not paid as required by federal law.

The defendants are charged with conspiracy to commit visa fraud and obstruct justice and conspiracy to harbor aliens. They face up to 15 years in prison if convicted on all counts.












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Mark A. Tepper Law Firm Investigating Puerto Rico Municipal Bond Recommendations



FT. LAUDERDALE,  Fla., Sept. 26, 2016 /PRNewswire/ — The Mark A. Tepper securities law firm is investigating alleged claims against brokers and financial advisors for recommending Puerto Rico General Obligations (GO) and/or Puerto Rico municipal bonds including:

Puerto Rico Government Development Bank (GDB)

Puerto Rico Sales Tax Financing Corp. (COFINA)

Puerto Rico Public Finance Corp. (PFC)

Puerto Rico Aqueduct & Sewer Authority. (PRASA)

“If a broker either recommended that customers purchase any of these bonds or, in response to their concerns, recommended a “hold,” we want to hear from those customers,” attorney Mark A. Tepper, the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities, said.

If you have information on any Puerto Rico municipal bonds or a potential claim for recovery, contact the law firm of Mark A. Tepper P.A., at askmark@marktepper.com or telephone 954-961-0096 for a free case evaluation.

Are you looking for an attorney to sue your broker to recover your losses for recommending Puerto Rico municipal bonds? We are accepting clients with losses in tax free Puerto Rico municipal bonds.

Puerto Rico defaulted on July 1, 2016 on $1 Billion dollars of triple tax free Puerto Rico municipal bonds sold in all fifty states or overseas. The default included $819 Million in principal and interest on General Obligation (G.O.) bonds including CUSIP numbers: 745143,745144,745145, and 74514L.

About Mark A. Tepper, P.A. (www.MarkTepper.com) 
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities. He has earned the reputation of “Investor Advocate” while practicing law for over 35 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 16 consecutive years, AV PREEMINENT® for ethical standards and legal ability, the highest rating of lawyers in the Martindale-Hubbell Law Directory.

MEDIA CONTACT:
Mark Hopkinson, NewsMark Public Relations
561-852-5767 mhopkinson@newsmarkpr.com

http://www.newsmarkpr.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mark-a-tepper-law-firm-investigating-puerto-rico-municipal-bond-recommendations-300333659.html

SOURCE Mark A. Tepper, P.A.

Copyright (C) 2016 PR Newswire. All rights reserved



















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Archbishop's prayers answered as payday loan firms brought to book

Justin Welby declared war on the lenders but it is regulators that have taken up the fight with more than one firm going under

The Financial Conduct Authority is cracking down on payday lenders.
The Financial Conduct Authority is cracking down on payday lenders.
Photograph: Dan Kitwood/Getty Images

In 2013 the Archbishop of Canterbury, Justin Welby, declared war on Wonga and other payday lenders crucifying borrowers with 5,000% interest loans. Three years later it looks as if his prayers may have been answered.

CFO Lending, which was fined £34m this week by the Financial Conduct Authority, is just the latest operator brought to its knees by regulators punishing bad lending behaviour. CFO, which traded under brand names Payday First, Money Resolve and Flexible First, will have to hand money back to nearly 100,000 victims of its unfair practices.

Citizens Advice said complaints about payday loans have collapsed by 86% between 2013 and 2016. But campaigners warn that the industry is reinventing itself with still “eye-watering” interest rates on three-month loans aimed at people earning less than £20,000 a year on insecure work contracts.

The regulatory assault on payday lending, which began in earnest in summer 2014, has forced more than 1,400 companies out of the industry, while those that survive are nursing large losses.

Wonga, easily the biggest player in the market, was forced to write off £220m of loans in October 2014, while the second biggest, Dollar Financial (owners of The Money Shop), was ordered to refund £15.4m in the same month to 147,000 customers after regulators found it was lending more to borrowers than they could afford to repay.

Earlier this year, another big player, Cash Genie, went into liquidation after being hit by a £20m compensation bill. “Approximately 38% of the 2013 market participants have left the market and therefore can no longer mistreat consumers,” said Citizens Advice in a review of payday lending earlier this year.

Crucially the regulators introduced a cap on interest rates in January 2015 and stamped down on companies raiding bank accounts several times to grab money on pay day. The measures have sent loan numbers tumbling.

The industry’s peak years were 2012-13, when around 10m to 12m payday loans a year, worth nearly £4bn, were being taken out.

But after rates were capped, the number of loans made by payday companies fell from 6.3m in the first half of 2013 to just 1.8m in the first half of 2015, according to the Financial Conduct Authority.

Carl Packman, who has researched payday lenders for the poverty charity Toynbee Hall, said: “It’s not really the case of the rise and fall of the payday lenders. It’s the rise, a hiccup and probably another rise to come. They are shifting to slightly longer two or three-month loans, which are still extortionately priced. The fact they have been able to pay these fines shows they are not just scraping by. There is still a lot of money going through their books.”

Archbishop of Canterbury Justin Welby.
Archbishop of Canterbury Justin Welby. Photograph: Neil Hall/Reuters

The rate cap limits interest to 0.8% a day and no one can repay more than 100% of what they initially borrowed. But even under the new rules, the annualised rate of interest that Wonga charges on a £100 loan is 1,509% – although that’s down from its 5,853% peak.

The Money Shop, whose chain of high street outlets has more then halved from its once 500-strong network to just 230, charges an annualised rate of 709% on a £250 loan repaid over four months. It said it is modernising its stores and expanding some of them.

But what has happened to the desperate borrowers once hooked on short-term loans? There is little evidence, yet, that legal doorstep lenders such as Provident Financial have picked up much of the business, or that illegal loan sharks have flourished.

Some people have simply stopped borrowing, said Packman, but others have gone into deeper arrears on rent and utility bills. He points to a steep rise in bailiff orders by councils in recent years.

Sara Williams, a Citizens Advice adviser, says other forms of high cost credit such as “logbook loans” (money secured against the borrower’s car), guarantor loans and doorstep lending can be just as problematic for the borrower. “The worst excesses of the payday loan industry have gone”, she said, “but checks on a borrower’s ability to repay are in some cases still inadequate as recent Citizens Advice research shows.” Her blog site, Debt Camel, helps victims of payday lending obtain refunds, without having to go through a claims management firm. Some people who have borrowed every month for years have recovered thousands in interest paid.

The trail of misery left by the payday lending boom is showing up in complaints to the financial ombudsman. Earlier this month it said that WDFC, the parent group of Wonga, was the subject of 821 complaints, up from 361 in the same period of 2015, while Instant Cash Loans received 285 complaints.

The industry insists it has reformed. Russell Hamblin-Boone, of the Consumer Finance Association, which represents around 75% of payday lending firms (although not Wonga), said: “The payday market is unrecognisable today from a few years ago. There are no rollovers, no cold-calling, no aggressive collection tactics and stringent customer affordability checks. Short-term lending now stands as a viable alternative to the mainstream credit market.”

Payday loans – a timeline

2006 Payday loans first made their presence felt in the UK. They were developed and marketed as one-off loans for unexpected expenses or luxury items but in reality were mainly used to fund everyday expenses such as groceries, bills and the costs associated with owning a car, according to the charity Citizens Advice. In 2006 a total of £330m was lent to individuals – but over the next few years the industry enjoyed explosive growth.

2007 Wonga launched in the UK and within a few years had become the sector’s best-known name, helped by a blizzard of advertising, including several football-club shirt deals.

2009 The total amount lent in the UK by payday lenders reached £1.2bn.

2010-11 Anger starts to build against “legal loan sharks” with Stella Creasy, a Labour MP, leading the charge. “Companies like Wonga are taking advantage of a perfect storm in consumer credit, where more and more people are struggling as the cost of living soars and mainstream banks withdraw from the market,” she said.

2012-13 The industry’s peak years, when 10m to 12m payday loans a year were being taken out. In 2012 the amount lent hit £3.7bn – more than 10 times the figure in 2006 – and in 2013 it stood at £2.5bn. In June 2013 Wonga raised the standard interest rate quoted on its website from 4,214% to 5,853% APR. The following month it emerged that the archbishop of Canterbury, Justin Welby, had told Wonga that the Church of England wanted to “compete” it out of existence as part of its plans to expand credit unions. But in September 2013 Wonga revealed that during 2012 it handed out nearly four million loans worth a total of £1.2bn to one million customers.

2014 An annus horribilis for Wonga and the industry. In May the City regulator laid into some companies’ misleading adverts and in June Wonga was ordered to pay more than £2.6m compensation after it was found to have sent threatening letters to customers from fake law firms. The following month the company axed the controversial cuddly puppets used in its TV adverts. Also in July the City regulator proposed a shake-up of the industry, The Money Shop agreed to hand back more than £700,000 to customers after it admitted breaking its own rules and Cash Genie said it may have to compensate customers after uncovering a string of problems. In October Wonga was forced to write off £220m of loans to 375,000 borrowers.

2015 In January price caps on payday lenders took effect. Interest and fees on all high-cost short-term credit loans were capped at a daily rate of 0.8% of the amount borrowed. If loans are not paid on time, default charges must not exceed £15. In addition the total cost including fees and interest is capped at 100% of the original sum. The caps mean someone borrowing £100 for 30 days and paying it back on time will pay no more than £24 in fees and charges. In May Wonga relaunched itself with new TV adverts aimed at a more middle-class audience. In October Dollar Financial UK, with brands including The Money Shop, was ordered by regulators to refund £15.4m to 147,000 customers. And in November it emerged that QuickQuid and Pounds to Pocket were to write off more than 2,500 loans to customers and refund almost 1,500 people following regulatory action.

2016 In January it emerged that Cash Genie had gone into liquidation. In May Wonga said it saw its losses more than double in 2015: it reported a pre-tax loss of £80.2m for the year. In July Google started banning some payday loan adverts and said that in the US it was outlawing ads for loans with an APR of 36% or higher. This week payday firm CFO Lending said it had agreed to pay more than £34m in redress to more than 97,000 customers for unfair practices.

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Law grads hit the barriers

The dream of becoming a lawyer helped her persevere through law school’s tough curriculum.

Miss Meryl (not her real name), with her eyes set on a future in the legal industry, has been applying to as many law firms as she could for the past year. She started doing so even before graduating.

But she might now have to shelve that dream.

The 24-year-old fresh graduate told The New Paper that all her applications were unsuccessful.

Miss Meryl, who graduated from the UK’s University of Bristol in June, said: “I can only keep searching and if I find a training contract, then it is an opportunity to train.

“But if I don’t, I will need to tread another path.”

She has been unemployed since graduation, but she is not alone.

Law school graduates are finding it hard to land a training contract these days, resulting in what some are calling an “oversupply” of new lawyers.

Like the other law graduates and students we spoke to for this story, Miss Meryl declined to be identified as she was afraid that speaking out about her situation might jeopardise her chances at landing a job.

Training contracts, which typically last for six months, are an entry requirement to the Bar.

Some law students are awarded these contracts when they apply for jobs at law firms after graduation, while others receive one during an internship.

Another recent law graduate, who wanted to be known only as Mr Lim, said: “There just are not many jobs for us to go around. The number of law students keeps on increasing but the number of training contracts does not.”

In the last five years, the number of new lawyers who have been called to the Bar has almost doubled.

In 2011, 257 law graduates were called to the Bar. During this year’s Mass Call, which was held late last month, the number was 509.

At the event, Chief Justice Sundaresh Menon said this oversupply meant that of the 650 fresh law graduates here last year, around 100 did not receive training contracts.

Some firms retain only about one-third or half of their original intake of trainees, he added.

This challenge in securing training contracts – and consequentially, jobs in the legal industry – has prompted some law graduates to tweak their plans.

One such graduate is Mr Dennis, who declined to reveal his full name.

Mr Dennis, who graduated from the National University of Singapore (NUS) with a law degree last year, waited nearly 14 months before he was offered a job “with the right prospects and in the right company”.

He turned to yoga, which he has been practising for eight years, in the meantime.

He said: “I worked as a yoga teacher for about 11 months because I needed to survive.

APPLICATIONS

“Even then, I sent out a good 20 applications but none returned with a positive offer. The only one or two firms I heard from could not offer me a decent salary.”

Not everyone will be as lucky as Mr Dennis, and the fear of not securing training contracts has prompted many law students to take up multiple internships.

A second-year NUS law student, who declined to be named, said: “I will be applying to as many firms as I can during the holidays.”

But he added that there is a limit to how many internships one can go through. “It is only feasible to do two or three internships as it usually lasts four weeks.”

In a bid to solve the problem, it was announced at the Mass Call that a new committee will be set up to review the system by which new lawyers start their careers.

The committee will examine how law firms offer training contracts to fresh law graduates, make decisions to retain them, and later nurture them.

But it might be too late for Miss Meryl, who said she is getting increasingly discouraged by her failure to land a training contract.

“If I fail to do so, then I will have to choose an alternative path.”

Law graduates should be more flexible: Experts

The issue of law graduates being unable to find jobs is a multifaceted one, according to experts.

Some believe that it might boil down to the graduates being “selective”.

Mr Rajan Supramaniam, managing director at Hilborne Law LLC, told The New Paper: “It is not that there are no jobs available, it is just that some of them preferably want an area of their interest.”

Mr Rajan, who has been in the law industry for more than 16 years, says there are always jobs available for graduates, but only if they manage their expectations.

“In some cases, graduates have their own criteria,” says Mr Rajan.

“Generally – if they are free and easy, if they are not selective – they should be able to find a place.”

Head lawyer at Gloria James-Civetta, Miss Gloria James, urges new lawyers to “exercise patience”.

The legal industry specialist, who has more than 20 years of experience, says: “Show that you are willing to learn even if it means taking a pay cut.”

In 2014, Law Minister K. Shanmugam highlighted the possibility of an excess of lawyers as more students pursued a law degree both here and overseas.

Last year, the Ministry of Law cut the number of recognised British law schools to 11, from 19.

Some saw this as a step to help ease the oversupply.

OPPORTUNITIES

Singapore Management University law don Eugene Tan said that while overseas schools have been a “contributing factor” to the increase in the number of lawyers, the issue is more than about where a degree comes from.

He said: “It is no more about earning a law degree in hard times, but more about showing what one has learnt from the opportunities of pursuing a law degree.”

When asked about the overseas schools, Miss James said: “It is all fair in love and war, so this should not be a stumbling block or an excuse.”

A slower economic growth is also seen as a cause for the oversupply of lawyers.

“People are careful on costings – they are watching their purse,” said Miss James.

“It is only natural for such reactions when the market is bad.”

But Prof Tan said that “it is not all doom and gloom.”

He told TNP: “There will be upturns as well. Even with the economy slowing down and work for law firms declining, it is also about gritting one’s teeth and making sure that one is ready to ride the upturn when it arrives.”

Mr Rajan said: “At this point of time, the economy is bad. Business environment is bad and graduates needs to be a bit more practical in their job hunting.”

To him, the way forward is to continually put in effort to land a job and gain experience first.

“There are always options. Do attachments, internships, look at temporary jobs. Learn first, even if the offer is not attractive,” he advised.

“Even if they do not get a job immediately, do not get disheartened.

“They can all secure a place – it is just a matter of time.”


This article was first published on September 26, 2016.
Get The New Paper for more stories.

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Over 12 firms violated midday break rule

Violators represented a small percentage as almost 100 per cent of companies inspected followed the rules

Image Credit: Courtesy: GDRFA

Around 24 inspectors in nine patrols visited companies between 12.30pm and 3pm daily during the period.

Dubai: More than a dozen companies were caught violating the midday break in Dubai this year, officials said on Monday.

The Permanent Committee of Labour Affairs in Dubai (PCLA-Dubai) inspected 54,584 companies in 188 areas in Dubai during the implementation of the midday break rule from June 15 to September 15.

Major General Obaid Muhair Bin Surour, deputy director of the General Directorate of Residency and Foreigners Affairs-Dubai and chairman of PCLA, said a total of 19 companies out of more than 50,000 companies inspected did not adhere to the midday break rules.

Violators represented 0.03 per cent of the total companies surveyed, proving an almost 100 per cent adherence to the rules.

Major General Bin Surour said that some 24 inspectors in nine inspection patrols from the PCLA, Ministry of Human Resources and Emiratisation and Dubai Municipality visited companies on a daily basis and reported from the spot to the committee about labourers found on site between 12.30pm and 3pm.

He said the inspectors revisited some companies 722 times.

Colonel Abdul Munaim Al Midawi, coordinator of PCLA, said the PCLA inspectors used smart devices to report violations and to document violations by filming workers found on duty during the banned hours and reporting to the committee from the site in Bur Dubai and Deira. Colonel Al Midawi said PCLA began a campaign in early July to raise awareness among employers about avoiding health risk to their workers and providing them with cool water and juices during rest time.

Violators are fined Dh5,000 per worker and a maximum of Dh50,000 if the case involves a large number of workers.

Daily working hours should not exceed eight hours in the morning and night shift and overtime should be paid to those working additional hours based on Federal Law No 8 of 1980 on Labour Affairs.


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The Notes: Law Today, Sept. 25-Oct. 1

Scott Beckman

Scott Beckman

Stephen Crystal

Stephen Crystal

Nathalie Daum

Nathalie Daum

Farhan Naqvi

Farhan Naqvi

Berna Rhodes-Ford

Berna Rhodes-Ford

The Richard Harris Law Firm sponsored the seventh annual Students With a Cause competition, which featured winners in the following categories:

• Video: Jordan Dailey (Palo Verde High School), for the video, “Don’t Text and Drive #JustInCase”;

• Work of Art: Janisse Badere (Chaparral High School), for artwork reinforcing the need for online safety;

• Short Story or Poem: Samantha Fabela-Andaya (Advanced Technologies Academy), for a short story about repairing damaged relationships;

• Website: Pablo Cortez (Advanced Technologies Academy), for his website discussing the dangers of texting and driving.

The four winners were each awarded $1,000 scholarships. Additionally, $500 was awarded to the school of each winning student.

• • •

Nathalie Daum is Dickinson Wright’s regional director of business development and marketing.

Pisanelli Bice was named among the country’s best litigation firms in rankings compiled by Chambers and Partners. It is one of three Nevada firms honored in Band 1 of the Chambers USA 2016 guide for general commercial litigation. James Pisanelli was ranked as a Band 1 attorney and Todd Bice was ranked as a Band 2 attorney for general commercial litigation.

Naqvi Injury Law was named one of America’s fastest-growing private companies in the 2016 Inc. 5000. The firm was founded by managing partner Farhan Naqvi.

McDonald Carano was recognized in the Chambers USA 2016 guide in the areas of general commercial litigation and commercial real estate. Seven partners were recognized: John Frankovich and Andrew Gabriel for real estate law, P. Gregory Giordano and A.J. “Bud” Hicks for gaming and administrative law, Sylvia Harrison for energy and environmental law, and Pat Lundvall and George F. Ogilvie III for commercial litigation.

Howard & Howard attorneys James Kohl and Jay Young were appointed to two-year terms as Nevada Supreme Court settlement judges.

Scott Beckmen and Stephen Crystal formed the Beckmen Crystal Law to focus on eSports and iGaming.

Labor and employment attorney Howard Cole, a partner in the Las Vegas office of Lewis Roca Rothgerber Christie, was ranked as one of most powerful labor lawyers in the United States, according to Human Resource Executive magazine.

Timothy O’Reilly of the O’Reilly Law Group was recognized in Super Lawyers Mountain States Rising Stars and Nevada Business Magazine Legal Elite, as well as the National Trial Lawyers Top 100 Trial Lawyers and the National Trial Lawyers Top 40 Under 40.

Berna Rhodes-Ford joined Brown Law Group as of counsel in the Las Vegas office.

Sherman & Howard attorney Kendra Follett is an elected fellow of the American College of Bond Counsel.

Dickinson Wright received ISO/IEC 27001:2013 certification, an indicator of security in regard to information technology.

• • •

Best Lawyers in America 2017

* Indicates that the attorney was designated “Lawyer of the Year” in that practice field.

Brownstein Hyatt Farber Schreck

• David Arrajj — gaming law

• Andrew Brignone — litigation-ERISA

• Jennifer Carleton — gaming law

• Sonia Church Vermeys — corporate law and gaming law

• Albert Kovacs — business organizations (including LLCs and partnerships), corporate law and mergers and acquisitions law

• Kirk Lenhard — bet-the-company litigation and commercial litigation

• Frank Schreck — gaming law

• Ellen Schulhofer — corporate law*

• Adam Segal — litigation-ERISA

• Angela Turriciano Otto — real estate law

Dickinson Wright

• Michael Feder — commercial litigation, litigation – banking and finance, litigation – intellectual property

• Gregory Gemignani — information technology law, IT outsourcing law

• Jennifer Ko Craft — trademark law

• John Krieger — trademark law

• Jeffrey Silver — administrative/regulatory law, gaming law, land use and zoning law

Fennemore Craig

• Richard Barrier — business organizations (including LLCs and partnerships)

• Richard Bryan — government relations practice; land-use and zoning law

• Michael Buckley — real estate law

• Chris Byrd — construction law; litigation – construction

• Douglas Cohen — personal injury litigation – plaintiffs; product liability litigation – plaintiffs

• Thomas Fell — bankruptcy and creditor debtor rights/insolvency and reorganization law; bet-the-company litigation; litigation – bankruptcy

• Lynn Fulstone — health care law

• Gary Goodheart — bet-the-company litigation; commercial litigation; litigation – banking and finance; litigation – real estate

• Samuel Lionel — bet-the-company litigation; commercial litigation; corporate law

• John Mowbray — commercial litigation

• James Wadhams — government relations practice

• Jeffrey Zucker — corporate governance law; corporate law; real estate law

Fisher Phillips

• Scott Mahoney — litigation — labor and employment

• Mark Ricciardi — labor law — management, litigation — labor and employment

Holland & Hart

• Robert Cassity — litigation — banking and finance

• Lance Earl — banking and finance law, commercial finance law, real estate law

• Lars Evensen — litigation – bankruptcy, litigation – construction

• Edward Garcia — government relations practice

• Gregory Gilbert — construction law and real estate law

• Bryce Kunimoto — litigation – banking and finance

• J. Stephen Peek — bet-the-company litigation, commercial litigation

• Patrick Reilly — commercial litigation

Howard & Howard

• W. West Allen — trademark law

• Thomas Davis II — commercial litigation

• Matthew Kreutzer — franchise law

• Robert Rosenthal — employment law – management; labor law – management; and litigation – labor and employment

• Gwen Rutar Mullins — construction law

• Jay Young — arbitration

Kolesar & Leatham

• Joseph Brown — government relations

• Nile Leatham — bankruptcy and creditor debtor rights/insolvency and reorganization law; commercial litigatioin; banking and finance law

• Robert List — government relations

Lewis Roca Rothgerber Christie

• Anthony Cabot — gaming law, information technology law

• Howard Cole — employment law – management, labor law – management, litigation – labor and employment

• Von Heinz — commercial litigation, litigation – ERISA, litigation – labor and employment

• Joel Henriod — appellate practice

• Scott MacTaggart — corporate law

• Michael McCue — copyright law, litigation – intellectual property, litigation – patent, trademark law*

• Daniel Polsenberg — appellate practice*, bet-the-company litigation, commercial litigation

• Karl Rutledge — gaming law

• Dan Waite — litigation – banking and finance

Marquis Aurbach Coffing

• Phillip Aurbach — arbitration, commercial litigation, litigation – real estate

• Terry Coffing — commercial litigation, First Amendment law and litigation-real estate

• Avece Higbee — real estate law

• Albert Marquis — real estate law

• Candice Renka — litigation – real estate

McDonald Carano

• Matthew Addison — commercial litigation and litigation – construction

• Robert Armstrong — corporate law, real estate law, tax law and trusts and estates

• Leo Bergin lll — litigation-real estate and real estate law

• Josephine Binetti McPeak — commercial litigation

• James Bradshaw — commercial litigation

• Kathleen Drakulich — energy law

• John Frankovich — litigation – real estate and real estate law*

• Andrew Gabriel — corporate law and real estate law

• Paul Georgeson — commercial litigation, construction law*, litigation – construction and personal injury/defendants

• Leigh Goddard — commercial litigation

• Sylvia Harrison — environmental law

• A.J. Hicks — gaming law

• Mark Knobel — corporate law, litigation trust and estates, nonprofit/charities law*, tax law and trusts and estates

• Jacquelyn Leleu — commercial litigation

• Pat Lundvall — commercial litigation and labor and employment litigation

• William Magrath ll — bet-the-company litigation, commercial litigation and litigation – construction

• Michael Melarkey — tax law and trusts and estates

• John Mulligan — trusts and estates*

• George Ogilvie lll — corporate law and litigation – construction

• Michael Pagni — corporate law and real estate law

• Amanda Perach — appellate practice

• Timothy Rowe — labor law – management*, workers’ compensation law – employers

• Thomas Sheets — energy law

• Jeff Silvestri — appellate practice and commercial litigation

• Scott Swain — trusts and estates

• Kaaran Thomas — bankruptcy and creditors rights/insolvency and reorganization law

• Amanda Yen — appellate practice

Pisanelli Bice

• Todd Bice — appellate, commercial litigation, litigation – First Amendment, litigation – land-use and zoning*, and litigation – mergers and acquisitions

• James Pisanelli — commercial litigation, bet-the-company litigation, construction law, litigation – construction, and litigation – real estate

• Debra Spinelli — commercial litigation

Schwartz Flansburg

• Frank Flansburg III — civil litigation, personal injury, business litigation

Snell & Wilmer

• Robert Anderson — corporate law, tax law

• Patrick Byrne — legal malpractice law – defendants

• Patricia Curtis — real estate law

• Richard Gordon — commercial litigation

• Robert Kinas — bankruptcy and creditor debtor rights / lnsolvency and reorganization law*, litigation-bankruptcy

• Leon Mead II — construction law, litigation-construction

• Bob Olson — bankruptcy and creditor debtor rights / lnsolvency and reorganization law, litigation-bankruptcy

• Mandy Shavinsky — land use and zoning law, real estate law*

• Stephen Yoken — construction law, real estate law

Solomon Dwiggins & Freer

• Alan Freer — trust and estate litigation*

• Mark Solomon — trust and estate law*

Mountain States Super Lawyers

De Castroverde Law Firm

• Jocelyn Cortez — immigration (Rising Star)

Marquis Aurbach Coffing

• Phillip Aurbach — dispute resolution, corporate dissolution, real property

• Christian Balducci — litigation, corporate, real property

• Chad Clement — litigation, corporate, real property

• Terry Coffing — litigation, real property, corporate

• Nicholas Crosby — employment, municipal liability, constitutional law

• Micah Echols — appellate, litigation, civil rights

• Jason Gerber — litigation, corporate, real property

• Tye Hanseen — litigation, corporate, real property

• Brian Hardy — business licensure, intellectual property, litigation

• Avece Higbee — homeowner association law, litigation, real property

• Jack Juan — construction, litigation, real property

• Albert Marquis — real estate, corporate, employment

• Scott Marquis — construction, litigation, real property

• Terry Moore — appellate, litigation, real property

• Candice Renka — litigation, corporate, real property

• Geri Tomich — asset protection, estate planning, guardianship/probate

• Liane Wakayama — litigation, corporate, probate/guardianships

O’Reilly Law Group

• Timothy O’Reilly — business litigation, gaming, personal injury – general: plaintiff (Rising Star)

Nevada Business Magazine’s Legal Elite

Marquis Aurbach Coffing

• Ben Auten, Christian Balducci, Terry Coffing, Jack Juan, Jared Moser, Cody Mounteer, Candice Renka, Liane Wakayama

O’Reilly Law Group

• Timothy O’Reilly

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