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Podcast: Holland & Knight Legal Podcast
Episode: A Penny for Your Thoughts? Understanding the Legal Implications of the U.S. Penny Shortage
Description: In this episode of the "Legal Bites Podcast" series, Food and Beverage Litigation attorney Charles Weiss and Corporate attorney Chris Phillips speak about the legal and operational fallout from the federal government's decision to stop minting pennies. Moderated by Practice Development Manager Kristina Merritt, our lawyers examine the long standing reality that pennies cost more to produce than their face value and recent policy decisions that led to a penny shortage, forcing retailers to grapple with rounding transactions, retraining staff, updating point of sale systems and posting clear rounding policies. The discussion explores how state and local cash acceptance and...