May 20, 2016
Adrienne Ward and Bill Peterson, both members of the Firm, will take part in a live webinar on Tuesday May 31, 2016 at 3pm EDT. The webinar will review the current anti-money laundering (AML) issues that broker-dealer and investment adviser firms are facing and how they impact your business. The webinar will also review new FINCEN Enhanced Due Diligence Rules and initiatives, including Coverage of RIAs; lessons learned from the Panama Papers; and Exam and Enforcement update.
Click here to register.
May 20, 2016
OpGen, Inc. announced the first closing of a private placement financing with registration rights, which will raise total gross proceeds of $10.4 million for the company. EG&S acted as counsel to the sole lead placement agent, Cowen and Company, and Leerink Partners LLC as financial advisor.
May 19, 2016
Client Alert: DOL Publishes Final Rule Revising FLSA Overtime Exemptions
On May 18, 2016, the U.S. Department of Labor (“DOL”) published the final rule updating the overtime regulations (the “Final OT Rule”).
Click here to read the full alert.
May 18, 2016
Inventergy Global, Inc. announced the closing of its registered direct offering of common stock and warrants for gross proceeds of approximately $1.3 million. EG&S acted as counsel to Inventergy.
May 13, 2016
iDisclose, announced today that several of the leading new Title III Crowdfunding funding portals at various stages in the SEC and FINRA approval process will be using iDisclose either on an exclusive basis or as a tool they can offer to assist issuers on their portals.
Click here to read more
May 11, 2016
James Landau, a member of the Firm, will be speaking on June 8, 2016 as part of a New York State Bar Association Panel on the collection and enforcement of money judgments. Details can be found at the following link:
April 27, 2016
James Landau, a member of the Firm, will be participating in a panel discussion at the NYC Bar entitled Pitch Perfect and Beyond: Finding Your Inner Rainmaker. The event will be held at the City Bar, 42 West 44th Street on May 4, 2016 starting at 6:30 pm.
For further details and to register, click on the link:
April 25, 2016
Jennifer Silverman, a member of the Firm, was invited by Exit Planning Exchange Philadelphia to speak on a panel titled "The Unique Challenges of Technology Company Exits." The panelists discussed planning for an exit where a company's primary assets are technology and intellectual property.
April 11, 2016
Nxt-ID, Inc. announced the closing of their convertible stock PIPE offering in the amount of $2,500,000. EG&S acted as counsel to the placement agent.
April 08, 2016
Integrity Applications, Inc. announced the closing of their convertible stock PIPE offering in the amount of $25,548,100. EG&S served as counsel to the agent.
April 05, 2016
Client Alert: Human Resources Directors May Be Held Personally Liable For FMLA Violations
On March 17, 2016, the Second Circuit Court of Appeals held that the definition of “employer” under the Family Medical Leave Act (“FMLA”) may include an employee, such as a Director of Human Resources, who has the requisite amount of control over an employee’s terms and conditions of employment. Click here to read more.
April 04, 2016
Hennessy Capital Acquisition Corp. II (“HCAC”) and United Subcontractors, Inc. (“USI”) announced that they have entered into a definitive merger agreement, pursuant to which HCAC will acquire all of the outstanding capital stock of USI Senior Holdings, Inc., the indirect parent company of USI. In connection with the merger, HCAC will change its name to USI Holdings, Inc. The transaction is valued at approximately $348.5 million. EG&S acted as counsel to Hennessy.
April 01, 2016
Amanda Fugazy, a member of the Firm, will be the featured speaker at a seminar sponsored by Robert J. Klein, CPA titled: "Top 10 Employment Law Mistakes" on Tuesday April 19 from 6pm - 8pm. Click here for more details.
March 30, 2016
Ellenoff Grossman & Schole LLP became aware that the firm, along with 49 other corporate/securities law firms throughout the country, had been identified as potential targets of an attempted cybersecurity hack apparently originating in Russia. We have been in contact with our IT services firm and currently have no reason to believe that our security has been breached or that any client data was compromised. We have also contacted appropriate law enforcement and governmental agencies to let them know we are aware of the list. We will, of course, be cooperating and coordinating with investigatory efforts moving forward. Should any additional information come to our attention we will provide an update. The original article which announced this threat is here.
March 25, 2016
Legend Oil and Gas, Ltd. announced the closing of their PIPE offering in the amount of $410,788. EG&S acted as counsel to the Investor.
March 22, 2016
BioBlast Pharma, Ltd. announced the closing of their Registered Direct offering in the amount of $6,699,999. EG&S acted as counsel to the Placement Agent.
March 16, 2016
KLR Energy Acquisition Corp., a special purpose acquisition corporation, announced the closing of its initial public offering in the amount of $80,000,000. EG&S acted as counsel to KLR.
March 15, 2016
International Stem Cell Corporation announced the closing of their PIPE offering in the amount of $6,310,000. EG&S acted as counsel to the Placement Agent.
March 14, 2016
Stemcells, Inc. announced the closing of their Underwritten offering in the amount of $8,000,100. EG&S acted as counsel to the Underwriter.
March 09, 2016
Adrienne Ward and Bill Peterson, both members of the Firm, will take part in a roundtable for broker-dealer and RIA compliance professionals hosted by NCS and Regulatory Compliance and EGS on March 30th, 2016. Topics will include FINRA and SEC regulatory priorities and AML/CIP issues. Click here for more info.
March 08, 2016
James Landau, a member of the Firm, will be speaking as part of the Practising Law Institute’s Ethics in Social Media 2016 CLE on March 18, 2016. Click here for more details.
March 07, 2016
Client Alert: EEOC Announces Intent to Require Pay Data from Employers
Pay equity has become a hot-button issue of late. Numerous laws purport to guarantee equal pay for equal work, but research suggests that there is lingering pay disparity across genders and races. In an effort to combat pay discrimination, the EEOC has recently announced that in 2017 it will require employers with 100 or more employees and federal contractors to provide the EEOC with information regarding employees’ pay. Click here to read the full alert.
March 03, 2016
Northwest Biotherapeutics 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.
March 02, 2016
Rexahn Pharmaceuticals, Inc. announced the closing of their Registered Direct offering in the amount of $5,000,000. EG&S acted as counsel to the Placement Agent.
February 24, 2016
Amarantus BioScience Holdings Inc. announced the closing of their Registered Direct offering in the amount of $3,000,000. EG&S acted as counsel to the Investor.