News & Events

  • February 21, 2019

    David A. Gehn, a member of the Firm, was invited by Mindy Diamond of Diamond Consultants to contribute to a podcast by sharing his experience in working with advisors through non-Protocol moves, the challenges of terminations and other contractual matters that can arise even before you consider a move.

    Cick here to listen to the podcast.

  • February 13, 2019

    Ilan Wieser, an Associate of the Firm, wrote an important article on a “come back” area of liability for food service establishments charging service or administrative fees. 

    Click here to read the article.

  • February 06, 2019

    2018 was an extraordinary year for Ellenoff Grossman & Schole.  All of our 11 practice areas experienced increased growth.

    Click here to read our 2018 year-end review.

  • February 04, 2019

    Paul Rooney, a member of the Firm, wrote an article on why it is more important for restaurants than other businesses to stop inappropriate behavior — because high employee turnover makes it far more likely that every termination will tee up a retaliation claim.

    Click here to read the article.

  • January 30, 2019

    FINRA recently posted their annual Risk Monitoring and Examination Priorities Letter. As part of the letter, FINRA stated they would be evaluating how firms conduct suitability analyses as well as communications and AML requirements for both Reg D 506c and Reg A+ offerings. These two exemptions are widely used by crowdfunding platforms that solicit US investors.

    Crowdfundinsider.com contacted Douglas S. Ellenoff, a member of the Firm for his perspective on this.  Click here to read the article.

  • January 22, 2019

    Repay Holdings, LLC and Thunder Bridge Acquisition, Ltd., a special purpose acquisition company, announced that they have entered into a definitive merger agreement.  Under the terms of the agreement, Thunder Bridge will acquire REPAY and the combined company will continue as a publicly-listed company with an implied enterprise value at closing of approximately $653 million, based on current assumptions.   EG&S acted as counsel to Thunder Bridge.

  • January 15, 2019

    Inpixon announced the closing of its oversubscribed rights offering in the amount of $12,000,000.  EG&S acted as counsel to Maxim Group LLC, the dealer manager for the rights offering.

  • January 09, 2019

    EG&S' Litigation department team is excited to present this Year in Review, highlighting the successes of the Firm’s Litigation Department in 2018.

    Click here to see the review.

  • January 08, 2019

    Amanda M. Fugazy, a member of the Firm, will be speaking at a seminar titled: "2019 Outlook: Navigating the Current Landscape of Complex Hospitality Exposures in Today’s Market."   In light of the #MeToo movement, and increased awareness about sexual harassment in the restaurant industry, organizations must address this issue and protect employees – and themselves. By being proactive you can mitigate the risk of issues in the workplace, and lawsuits and damaged reputations that could follow.

    Click here for more details.

  • December 27, 2018

    Client Alert: Complete New 195.1 Forms for Exempt Employees Hired or Receiving Pay Raises in 2019

    Effective December 31, 2018, the minimum weekly and corresponding yearly salary to qualify for the “administrative” or “executive” overtime exemptions will increase.

    Click here to read the alert.

  • December 27, 2018

    Client Alert: Complete New 195.1 Forms for Non-Exempt Employees Hired or Receiving Pay Raises in 2019

    Beginning December 31, 2018, New York State’s minimum wage rate is set to increase. The applicable increased minimum wage varies based upon where the employee is located and the size of the employer.

    Click here to read the alert.

  • December 27, 2018

    Stellar Acquisition III, Inc. announced that it consummated its business combination with Phunware, Inc. EG&S acted as counsel to Stellar.

  • December 27, 2018

    Puhui Wealth Investment Management Co. Ltd. (Nasdaq: PHCF), announced the closing of its initial public offering in the amount of over $9,000,000.  EG&S acted as counsel to Puhui.

  • December 21, 2018

    SMAAASH Entertainment Inc. announced it has entered into a definitive agreement to combine with NBA Memphis Grizzlies Minority Owner Jed Kaplan’s Simplicity Esports, LLC.  EG&S acted as counsel to Smaaash.

  • December 21, 2018

    Datasea Inc. (NASDAQ) announced the closing of its underwritten public offering in the amount of $5,800,000.  EG&S acted as counsel to Datasea.

  • December 19, 2018

    Douglas S. Ellenoff, a member of the Firm, wrote an article for Crowdfund Insider titled: "A Potential Pathway Forward for U.S. Initial Coin Offerings."

    Click here to read the article.

  • December 19, 2018

    Draper Oakwood Technology Acquisition, Inc. announced the completion of their business combination with Reebonz Limited, a leading online luxury marketplace and platform in the Asia Pacific region based in Singapore.  EG&S acted as counsel to Draper Oakwood.

  • December 18, 2018

    MICT, Inc., Global Fintech Holdings Ltd., BNN Technology PLC, ParagonEx LTD, and certain other parties, entered into an Acquisition Agreement, pursuant to which, Global Fintech Holdings will acquire all of the shares of MICT, BNN and ParagonEx.  EG&S acted as counsel to each of Global Fintech Holdings and BNN.

  • December 17, 2018

    Joanna Cohen, an Associate of the Firm, wrote an article for Total Food Service titled: “Restaurants v. Food Delivery Services: Who’s on the hook?”

    Click here to read the article.

  • December 17, 2018

    Client Alert:  New York City Requires Employers To Handle Accomodation Requests By Engaging In A "Cooperative Dialogue"

    New York City law now requires all most all employers to engage in a “cooperative dialogue” when handling an employee’s reasonable accommodations request.  As you likely know, various disability laws, including the New York City Human Rights Law (“NYCHRL”), require employers to provide reasonable accommodations for covered reasons, unless doing so would create an undue hardship for the employer.

    Click here to read the alert.

  • December 17, 2018

    HedgePath Pharmaceuticals, Inc. entered into an updated supply and license agreement with its majority stockholder, Mayne Pharma, under which Mayne Pharma has committed up to $5 million in new funding for HedgePath.  EG&S acted as counsel to HedgePath.

  • December 13, 2018

    Client Alert: Complete New 195.1 Forms For Your Hourly Restaurant Employees

    New York’s minimum wage is increasing effective December 31, 2018. While the New York Department of Labor promulgates fill-in-the-blank forms, these forms can be confusing and are often filled out incorrectly, which is leading to increased litigation. Accordingly, to assist you in your legal compliance obligations, we have created the form (in both English and Spanish) that restaurant employers should fill out and provide to all non-exempt employees for signature before December 31, 2018.

    Click here to read the alert.

  • December 12, 2018

    CF Finance Acquisition Corp. announced the closing of its initial public offering in the amount of $250,000,000.  EG&S acted as counsel to CF Finance.

  • December 10, 2018

    Client Alert: Minimum Wage Developments in New York 2019

    As 2019 approaches, New York employers must prepare for scheduled minimum wage increases that will take effect December 31, 2018. As in 2018, the applicable increased minimum wage will vary based upon where the employee is located and the size of the employer. 

    Click here to read the alert.

  • December 06, 2018

    Client Alert: Mandatory Labor Law Poster Changes Effective January 2019

    With legal changes comes the obligation to update your required employment posters.  Don’t forget to change your employment posters.  Please click here to see the bulletin from the Society For Human Resource Management.