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February 02, 2017
Rennova Health, Inc. announced the closing of their Registered Direct offering in the amount of $1,500,000. EG&S acted as counsel to the Investor.
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January 31, 2017
The Ninth Circuit has dismissed an appeal by a group of shareholders who had accused Cellular Biomedicine Group in a federal class action of inflating its stock price through a promotional scheme. Plaintiffs chose not to challenge the district court's holding that they could not allege loss causation.
Adrienne M. Ward and Michael J. Sullivan, both members of the Firm, represented Cellular Biomedicine in the appeal. Click here to read more on the case.
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January 30, 2017
The February 2017 edition of Westchester Lawyer Magazine includes an article by James K. Landau, a member in the Firm’s litigation department, entitled “How to Leverage the Internet and Technology to Sharpen your Appellate Advocacy”. Mr. Landau is the co-chair of the Westchester County Bar Association’s Committee on Appellate Practice and handles cases involving misappropriation of trade secrets, non-competition clauses in employment agreements and real estate related litigation. The article can be read here.
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January 27, 2017
BioAmber Inc. announced the closing of their Underwritten offering in the amount of $20,125,009. EG&S acted as counsel to the Underwriter.
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January 25, 2017
Fintech Acquisition Corp. II announced the closing of their initial public offering in the amount of $153,000,000. EG&S acted as counsel to Cantor Fitzgerald.
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January 24, 2017
Amedica Corporation announced the closing of their Confidentially Marketed Public Offering in the amount of $4,500,000. EG&S acted as counsel to Maxim Group.
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January 24, 2017
EGS assisted PhotoMedex, Inc. in its sale of substantially all of its assets primarily related to or used in the company’s consumer products division, including its no!no!® hair and skin products and the Kyrobak back pain management products.
The gross proceeds receivable by the company were up to $5M. In addition, the company entered into a royalty agreement with the purchaser.
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January 24, 2017
Can-Fite Biopharma Ltd. announced the closing of their Registered Direct offering in the amount of $5,000,000. EG&S acted as counsel to the Placement Agent.
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January 23, 2017
EnteroMedics, Inc. announced the closing of their Underwritten offering in the amount of $20,125,009. EG&S acted as counsel to the Underwriter.
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January 23, 2017
PURE Bioscience, Inc. announced the closing of their PIPE offering in the amount of $5,000,000. EG&S acted as counsel to the Placement Agent.
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January 20, 2017
Uranium Energy Corp. announced the closing of their Underwritten offering in the amount of $25,996,254. EG&S acted as counsel to the Underwriter.
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January 11, 2017
Sequel Youth and Family Services and Global Partner Acquisition Corp. announce agreement for business combination. EG&S acted as special SPAC counsel to Global Partner Acquisition.
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January 09, 2017
OurCrowd Digital Health L.P., announced the completion of their $5.1Million offering of DarioHealth Corp where they were the lead investor. EG&S acted as counsel to OurCrowd.
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January 09, 2017
OXIS International Inc. announced the closing of their PIPE offering in the amount of $19,821.00. EG&S acted as counsel to the Placement Agent.
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January 04, 2017
NeuroMetrix, Inc. announced the closing of their PIPE offering in the amount of $4,000,000. EG&S acted as counsel to the Placement Agent.
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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.
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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.
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January 02, 2017
PlacementTracker announced the most active law firms in the U.S. PIPE market for 2016. A total of $42.7 billion was raised in 875 transactions through 2016.
Ellenoff Grossman & Schole LLP ranked #1 for placement agent counsel; #3 for investor counsel and # 9 for issuer counsel.
Click here to view the league tables.
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December 30, 2016
Digital Ally, Inc. announced the closing of their Registered Direct offering in the amount of $4,000,000. EG&S acted as counsel to the Investor.
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December 30, 2016
Nemus BioSciences, Inc. announced the closing of their PIPE offering in the amount of $1,500,000. EG&S acted as counsel to the Investor.
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December 29, 2016
BioAmber Inc. announced the closing of their Underwritten offering in the amount of $8,896,796. EG&S acted as counsel to the Underwriter.
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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.
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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.
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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.
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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.