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DLA Piper LLP (US)

444 WEST LAKE STREET, SUITE 900, CHICAGO, IL 60606-0089, USA
Tel:
Work +1 312 368 4000
Fax:
Fax +1 312 236 7516
Email:
Web:
www.dlapiper.com

Richard Ashley

Tel:
Work +1 312 368 7230
Email:
Web:
www.dlapiper.com/en/us/people/a/ashley-richard-w/
DLA Piper LLP (US)

Work Department

Employee Benefits & Executive Compensation; Corporate; Tax; Employment; Intellectual Property and Technology; Insurance and Reinsurance Disputes; Insurance; Healthcare

Position

Partner; Co-chair, US Employee Benefits and Executive Compensation practice

Career

Rich Ashley's practice includes advising both public and private companies on the design, implementation and administration of qualified retirement plans, nonqualified retirement plans, welfare benefit plans, equity incentive programs and executive compensation arrangements.

Rich's practice includes advising professional asset managers, registered investment advisors, plan fiduciaries, and service providers with respect to fiduciary obligations, reporting and disclosure obligations, recordkeeping, and compliance with the prohibited transaction rules under ERISA and the Code. Rich regularly advises private funds and hedge fund sponsors with respect to ERISA Title I matters, and regularly consults with clients with respect to managing plan assets and structuring venture capital and real estate operating companies

Rich regularly works with plan administrators on benefit plan compliance and testing issues. Rich has experience with IRS and DOL correction procedures and has represented clients on a variety of compliance issues in connection with government audits.

Rich has extensive experience in the benefits and compensation issues that arise in connection with the transactions, including Code Sections 162(m), 280G and 409A compliance. Rich regularly advises Plan fiduciaries with respect to their duties, best practices, matters relating to the ERISA plan assets regulations and ERISA issues arising under credit agreements. Rich also works with Section 16 officers with respect to their legal obligations.

Education

J.D., John Marshall Law School; LL.M., Georgetown University Law Center; B.A., Syracuse University


United States: Labor and employment

Employee benefits, executive compensation and retirement plans: design

Within: Employee benefits, executive compensation and retirement plans: design

The team at DLA Piper LLP (US) provides the full range of benefits services and has expertise in the design and implementation of qualified retirement plans, ERISA regulation, pension fund investments and welfare benefit plan implementation. Cisco Palao-Ricketts co-heads the practice from Silicon Valley, and has a particular focus on executive compensation in the life sciences and technology sectors. Richard Ashley and Rita Patel also co-head the practice from Chicago and Washington DC respectively; Patel regularly advises public companies on retirement and deferred compensation plans as well as implementing plan failure strategies under IRS and DOL correction programs, and Ashley regularly works with plan administrators on benefit plan compliance and testing issues. New York-based Adrienne Scerbak is a key contact for ERISA Title 1 mandates, and Mark Muedeking is a name to note in the Baltimore office.

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Employee benefits, executive compensation and retirement plans: transactional

Within: Employee benefits, executive compensation and retirement plans: transactional

The team at DLA Piper LLP (US) handles the full range of benefits, compensation and ERISA issues arising from IPOs, ESOPs and M&A transactions. Palo Alto-based Cisco Palao-Ricketts focuses on equity compensation matters, including golden parachute arrangements for household names in the technology and life sciences sector. In addition, Washington DC-based Rita Patel regularly provides ERISA Title 1 advice in relation to transactions for publicly listed companies and private equity funds, and Richard Ashley is the name to note in Chicago. Clients include Axogen, Marriott International, New York University and Verizon.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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