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DLA Piper LLP (US)

Rich Ashley III

Tel:
Work 1 312 368 7230
Email:
DLA Piper LLP (US)

Work Department

Employee Benefits & Executive Compensation

Position

Partner

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 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

JD, John Marshall Law School; LLM, Georgetown University Law Center; BA, Syracuse University


United States: Labor and employment

Employee benefits, executive compensation and retirement plans: design

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

DLA Piper LLP (US)’s global platform provides for a multi-jurisdictional and multi-disciplinary team, which was further bolstered by the arrival of hedge fund and ERISA Title 1 expert Adrienne Scerbak in New York from an in-house position at Sony. In Washington DC, Rita Patel assisted a public telecoms company with the negotiation of a severance agreement pertaining to a CEO residing abroad, and Chicago’s Anne Pachciarek represented an ACA reporting provider in regulatory issues relating to its client base of large employers. A technology company also engaged the team to design and implement incentive structures and special purpose vehicles including employee benefits trusts. Patel heads the group with Silicon Valley-based Cisco Palao-Ricketts and Chicago-based Richard Ashley III.

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Employee benefits, executive compensation and retirement plans: transactional

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

The multidisciplinary practice at DLA Piper LLP (US) recently welcomed hedge fund specialist Adrienne Scerbak to its New York office from an in-house position at Sony. In recent highlights, the team advised Server Technology on its sale to the France-based Legrand Holdings, and assisted Arsenal Capital Partners with the sale of its portfolio company, Certara, to EQT VII Fund. The main names to note are Rita Patel, who sits in Washington DC, Chicago-based Rich Ashley III, and Cisco Palao-Ricketts in Silicon Valley.

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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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