News & Events

  • January 04, 2017

    Client Alert: Updated Minimum Wage Developments in New York - 2017

    On December 27, 2016, we alerted you to increases in the minimum wage for 2017.  Since then, the New York State Department of Labor (“DOL”) issued new regulations, effective December 31, 2016, that re-introduced separate tip credit amounts for “service employees” and “food service workers” employed in the hospitality/restaurant industry. 

    Click here to read the updated alert.

  • January 04, 2017

    Client Alert:  Minimum Salary Thresholds for Overtime Exemptions in New York - 2017

    The New York State Department of Labor, with just two business days’ notice, increased the minimum weekly salary thresholds that employers must pay in order for their executive and administrative employees to be exempt from overtime pay obligations under New York State law.   Moreover, the minimum salary thresholds will now vary according to the location and/or size of the employer.

    Click here to read the alert.

  • December 27, 2016

    Pacific Special Acquisition Corp. announced that it has signed a definitive merger agreement with Borqs International Holding Corp, a leading global provider of smart connected devices and cloud service solutions for the Internet of Things industry. Upon closing under the merger agreement, Borqs will become the operating entity of the combined company.  EG&S acted as counsel to Pacific.

  • December 27, 2016

    Client Alert - Minimum Wage Changes for 2017

    As 2017 quickly approaches, New York employers must prepare for scheduled minimum wage increases that will take effect December 31, 2016.  Unlike in previous years, the applicable increased minimum wage will vary based upon where the employee is located and the size of the employer.  Read the full alert here for the new minimum wage and overtime rates.

  • December 27, 2016

    Client Alert:  Complete new 195.1 forms for your hourly restaurant employees

    As we have previously notified you, New York’s minimum wage is increasing effective December 31, 2016.  The new minimum wage varies according to where your business is located.  to assist you in your legal compliance obligations, we have created the form that restaurant employers should fill out and provide to all non-exempt employees for signature before December 31, 2016.  The form only applies to restaurant/hospitality employers with 11 or more employees in New York City. 

    Click here to read the full alert, with form included.

  • December 22, 2016

    Hennessy Capital Acquisition Corp. II announced that they have entered into a definitive merger agreement with Daseke Inc. The transaction was valued at $626,000,000.  EG&S acted as counsel to Hennessy.

  • December 19, 2016

    Terrapin 3 Acquisition Corporation announced that it has closed its business combination with Yatra Online valued at approximately $93 million, pursuant which Terrapin has become a partially owned subsidiary of Yatra.  EG&S acted as counsel to Terrapin.

  • December 19, 2016

    Origo Acquisition Corporation announced that it has closed its business combination with Aina Le’a, Inc., a residential and commercial real estate developer of distinctive master-planned communities in Hawaii.  EG&S acted as counsel to Origo.

  • December 05, 2016

    Douglas S. Ellenoff, a member of the Firm, was invited to be a panelist at the the Thirty-Fifth SEC Government–Business Forum on Small Business Capital Formation. The Securities and Exchange Commission has conducted this forum annually since 1982. The event provided small businesses, their advisors, and their investors with an opportunity to share perspectives and views on a variety of topics important to them. This year the Forum focused on how capital formation options are working for small businesses following the implementation of the JOBS Act.


    Click here to view the webcast.  Please fast forward to 47:33 to listen to Mr. Ellenoff's portion.

  • November 30, 2016

    Amanda M. Fugazy, a member of the Firm, presented at the HUB Food Service Industry Workshop and prepared the Restaurant Management Employment Law Overview.  Click here to read it.

  • November 30, 2016

    Glen Sproviero, an Associate of the Firm, was invitied by Lawline to present a CLE entitled “Federal Criminal Procedure: The Basics”.  The course examined the various stages of a federal criminal prosecution, including the requirements for probable cause, appearances before a magistrate, arraignment, pretrial motions, trial, and sentencing. It also discussed major policy issues such as crime control and due process models of criminal justice, along with ethical considerations and political concerns.

    Click here to view the presentation.

  • November 23, 2016

    Client Alert: Federal Judge Blocks Implementation

    As we previously advised, on May 18, 2016, the U.S. Department of Labor published the final rule updating the overtime regulations.  Click here to read the full alert.

  • October 21, 2016

    ImmuCell Corporation announced the closing of their PIPE offering in the amount of $3,464,370.  EG&S acted as counsel to the Placement Agent.

  • October 17, 2016

    ToughBuilt Industries, Inc. announced the closing of their PIPE offering in the amount of $5,700,000.  EG&S acted as counsel to the Investor.

  • October 17, 2016

    PFO Global, Inc. announced the closing of their PIPE offering in the amount of $431,200.  EG&S acted as counsel to the Investor.

  • October 12, 2016

    Inventergy, Inc. announced the closing of their Registered Direct offering in the amount of $6,000,000.  EG&S acted as counsel to the Company.

  • September 29, 2016

    Histogenics Corporation announced the closing of their PIPE offering in the amount of $30,000,000.  EG&S acted as counsel to the Placement Agent.

  • September 29, 2016

    BioPharma X Corporation announced the closing of their Registered Direct offering in the amount of $930,000.  EG&S acted as counsel to the Placement Agent.

  • September 28, 2016

    Apricus BioSciences Inc. announced the closing of their Registered Direct offering in the amount of $3,734,286.  EG&S acted as counsel to the Placement Agent.

  • September 19, 2016

    Rexahn Pharmaceuticals, Inc. announced the closing of their Registered Direct offering in the amount of $6,000,000.  EG&S acted as counsel to the Placement Agent.

  • September 15, 2016

    CytoDyn, Inc. announced the closing of their Registered Direct offering in the amount of $10,000,000.  EG&S acted as counsel to the Placement Agent.

  • September 14, 2016

    Cancer Genetics, Inc. announced the closing of their Registered Direct offering in the amount of $5,500,000.  EG&S acted as counsel to the Placement Agent.

  • September 14, 2016

    Real Goods Solar, Inc. announced the closing of their Underwritten offering in the amount of $2,407,125.  EG&S acted as counsel to the Underwriter.

  • September 14, 2016

    PFO Global, Inc. announced the closing of their PIPE offering in the amount of $350,000. EG&S acted as counsel to the Investor.

  • September 12, 2016

    Medigus Ltd. announced the closing of their Registered Direct offering in the amount of $1,472,000.  EG&S acted as counsel to the Investor.