Osmundson Names New President

Jim Tibbles has been named president of Osmundson Mfg. Co. He succeeds owner Doug Bruce, who will serve as chairman of the board.

“He’s touched every facet of this business,” Joe Sampson, vice president of sales, said of Tibbles. “He has the knowledge, the relationships, and the leadership to keep everything moving forward.”

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Federal Court Issues Injunction Against Persuader Rule

Calling the Department of Labor’s new interpretation of its Persuader Rule “defective to its core,” the District Court for the Northern District of Texas issued a nationwide injunction in late June against the final rule. The ruling came just days before July 1, the date on which the new rule’s most problematic reporting requirements would have become fully effective.

The District Court determined the rule:

* Exceeds DOL’s authority under the LMRDA
* Is “arbitrary, capricious, and an abuse of discretion
* Unreasonably conflicts with state rules governing the practice of law
* Violates the attorney-client privilege.

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What to Expect from Brexit

Analysts for agriculture and international trade were among experts scrambling post-Brexit vote to make sense of what it might mean for Britain to no longer be part of the European Union. Much like the legion of economists, politicians and historians who sought to put the vote in context, experts in the farm equipment industry could offer only speculation.

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