News & Events

  • September 27, 2018

    Cellular Biomedicine Group Inc. (CBMG) announced it has entered into a strategic licensing and collaboration agreement with Novartis to manufacture and supply the CAR-T cell therapy Kymriah® (tisagenlecleucel) in China. In addition, CBMG received $40 million in an equity purchase from Novartis.  EG&S acted as and continues to act as counsel to CBMG.

  • September 27, 2018

    Jennifer Silverman, a member of the Firm and Atul Singh, of-counsel to the Firm, successfully defended Ronny Yakov /CrowdPay.us, Inc. against Happy State Bank d/b/a GoldStar Trust Company’s attempt to acquire ownership of its crowdpay.us domain name via usDRP domain name dispute arbitration. A three member panel denied the claim and dismissed the complaint.  CrowdPay.us, Inc. is a subsidiary of The OLB Group, Inc., a publicly-traded company.  EGS continues to represent Crowdpay.us, Inc. and The OLB Group, Inc.

  • September 20, 2018

    Client Alert: New York Employers Should Be Prepared To Meet A 10/9/18 Policy Deadline and A 1/1/19 Training Deadline

    As you may have seen from our prior alert, earlier this year, both New York State and New York City passed laws intended to combat workplace sexual harassment. 

    Click here to read full alert.

  • September 20, 2018

    Jennifer Silverman, a member of the Firm, was featured in High Performance Counsel’s online publication #TopOfMind issue in which thought leaders discuss what they see as the most pressing issues in the legal industry right now.

    Click here to read the article.

  • September 19, 2018

    David A. Gehn, a member of the Firm, was invited by AdvisorHub to participate in their NYC summit: An Industry in Transition Change, Challenges & Evolution.  This summit will address the most talked-about issues affecting advisor assets, including Broker Protocol developments, the demise of the DOL Fiduciary rule and the impending SEC Best-Interest rules.

    Click here for more details. 

  • September 13, 2018

    In Memoriam

    Michael J. Sullivan, Esq.

    With profound sadness, the partners of Ellenoff Grossman & Schole, LLP, announce the sudden and untimely death of our partner and friend, Mike Sullivan, on September 7, 2018.

    Elected to the American College of Trial Lawyers in 2016, Mike was a highly accomplished trial attorney who represented his clients consistent with the highest standards of professionalism, ethical conduct, and legal knowledge. 

    Mike began his career as a public interest attorney with the New York City Legal Aid and worked as a Federal Public Defender in New Jersey.  He was a zealous advocate for his clients throughout his career and was devoted to his friends, the community, and the law.  Above all, Mike was a warm, compassionate, funny, and wonderful man who loved his family. 

    Mike was much loved at EGS and he will be sorely missed.  We extend our deepest sympathies to his wife Laura, their children, Adam and Claire, and his entire family.

  • September 06, 2018

    Client Alert: NYC Council Gets Involved In The Tip-Credit Battle

    New York City restaurateurs and managers should call City Council members and urge them to fight to keep the tip-credit minimum wage.  Eliminating the tip-credit is bad for business, bad for workers and bad for New York. 

    Click here to read the alert.

  • September 06, 2018

    Barry I. Grossman, a member of the Firm, was invited by Maxim Group LLC to speak at their Rights Offering Conference in New York.  His panel was titled: FMRO as a Financing Alternative.

  • September 05, 2018

    Client Alert: NYC: September 6 Sexual Harassment Posting Deadline

    Starting this Thursday, September 6, New York City will begin enforcing its new regulations concerning sexual harassment. Under this new law, all employers are required to display a poster and provide employees with an information fact sheet which informs employers and employees about anti-sexual harassment rights and responsibilities.

    Click here to read the full alert.

  • August 31, 2018

    Longevity Acquisition Corporation announced that it closed its initial public offering in the amount of $40,000,000. EG&S acted as counsel to Longevity Acquisition.

  • August 28, 2018

    Megalith Financial Acquisition Corp. announced the closing of its initial public offering in the amount of $150,000,000.  EG&S acted as counsel to Megalith.

  • August 16, 2018

    TKK Symphony Acquisition Corporation announced the closing of its initial public offering in the amount of $220,000,000.  EG&S acted as counsel to TKK Symphony.

  • August 13, 2018

    ElectraMeccanica Vehicles Corp., a designer and manufacturer of electric vehicles, announced the closing of its previously announced public offering in the amount of $10,000,000.  EG&S acted as counsel to the underwriters.

  • August 10, 2018

    Ecoark Holdings, Inc. announced the closing of their registered direct offering in the amount of $4,750,000.  EG&S acted as counsel to the placement agent, Maxim Group LLC.

  • August 10, 2018

    TheMaven, Inc. announced the closing of their PIPE in the amount of $23,000,000.  EG&S acted as counsel to the Placement Agent.

  • August 06, 2018

    Lawrence A. Rosenbloom, a member of the Firm, published an article in Total Food Service magazine regarding fundraising for restaurants.

    Click here to read the article.

  • July 31, 2018

    Cellectar Biosciences, Inc. announced the closing of their Underwritten offering in the amount of $15,300,000.  EG&S acted as counsel to the Underwriter.

  • July 27, 2018

    Greenland Acquisition Corporation announced that it closed its initial public offering in the amount of $44,000,000.  EG&S acted as counsel to Greenland Acquisition.

  • July 24, 2018

    Cytori Therapeutics, Inc. announced the closing of their rights offering in the amount of $6,700,000. EG&S acted as counsel to Maxim Group LLC, the dealer-manager in the offering.

  • July 20, 2018

    Dolphin Entertainment, Inc. announced the closing of their underwritten public offering of common stock in the amount of $6,000,000.  EG&S acted as counsel to Maxim Group LLC, the sole book-running manager in the offering.

  • July 17, 2018

    Oragenics, Inc. announced the closing of their Underwritten offering in the amount of $13,800,000.  EG&S acted as counsel to the Underwriter.

  • July 16, 2018

    SenesTech, Inc. announced the closing of their rights offering with gross proceeds in the amount of approximately $6.1 million.  EG&S acted as counsel to Maxim Group LLC, the dealer-manager in the offering. 

  • July 12, 2018

    Jenniver D. Silverman, a member of the Firm, wrote an article for Total Food Service titled: "Looking for New Revenue Streams? License Your Brand With These Tips."  

    Click here to read the article.

  • July 02, 2018

    It’s been an incredibly active first half of the year for SPACs with lots of movement in the rankings.  Click here to see the SPAC underwriting IPO league tables for Q2 and H1.

  • June 29, 2018

    ContraVir Pharmaceuticals, Inc. announced the closing of their rights offering with gross proceeds in the amount of approximately $10.8 million.  EG&S acted as counsel to Maxim Group LLC, the dealer-manager in the offering.