News & Events

  • January 07, 2011

    Broadridge Financial Solutions (NYSE:BR) recently announced its acquisition of Matrix Financial Solutions for $201 million in cash, subject to adjustments for net working capital. Broadridge acquired the stock of Matrix following a competitive sale process managed by Raymond James Associates. EG&S acted as counsel to Matrix and its shareholders in this transaction.

  • January 04, 2011

    2010 Year End PIPE Market Leadership

    Ellenoff Grossman & Schole LLP was ranked 15th in the country for PIPE Transactions (by number of deals).

    Click here to view the rankings

  • December 27, 2010

    According to IPO Vital Signs EG&S was the only law firm (below 100 lawyers) ranked amongst the top firms in the country for IPOs in 2010; we were ranked 12th in 2008. 

  • December 21, 2010

    CAMAC Energy, Inc. announced the completion of their registered direct offering for common stock in the amount of $20,502,024.  EG&S acted as counsel to the placement agent.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • December 15, 2010

    FlatWorld Acquisition Corp. announced the closing of its initial public offering in the amount of $22,000,000. EG&S acted as counsel to FlatWorld.
     

  • December 10, 2010

    Advanced Battery Technologies, Inc. has announced the completion of their registered direct offering for common stock in the amount of $30,000,000.  EG&S acted as counsel to the placement agent.*

     

    *Transaction was closed while members of the Firm were with Weinstein Smith LLP.

  • December 08, 2010

    Tix Corporation announced the sale of Tix Productions, Inc., its wholly-owned subsidiary, in exchange for approximately 2.3 million shares of Tix Corporation. EG&S acted as counsel to Tix Corporation.
     

  • November 24, 2010

    Douglas S. Ellenoff, a member of the Firm, wrote a SPAC article for Aramar Capital Group, LLC titled: Generation III - The New Mechanisms of SPACs.

    Click here to read the article

  • November 24, 2010

    Lizhan Environmental Corporation announced the closing of its initial public offering in the amount of $10,000,000. EG&S acted as counsel to Maxim Group LLC, the lead underwriter in the offering.
     

  • November 23, 2010

    Australia Acquisition Corp. announced the closing of its initial public offering in the amount of $64,000,000.  EG&S acted as counsel to Cohen & Company Capital Markets LLC, the lead underwriter in the offering.

  • November 19, 2010

    Lawrence A. Rosenbloom, a member of the Firm, spoke on a panel addressing current legal and financing trends for U.S.-listed Chinese companies at the Brean Murray, Carret & Co. 2010 China Growth Conference in New York City.

  • November 16, 2010

    Zoom Technologies, Inc. announced the closing of their PIPE deal in the amount of $7,926,240. EG&S acted as counsel to Zoom.

  • November 15, 2010

    Roughly 33 percent of the 1,030 Bloomberg Global Poll respondents, who are investors, traders and analysts, have given their approval to China as the best place for investment, while 31 percent prefer Brazil and 29 percent go for India. The United States lags behind all of the three emerging economies and ranks the fourth with only 23 percent support.
     

  • November 15, 2010

    Roughly 33 percent of the 1,030 Bloomberg Global Poll respondents, who are investors, traders and analysts, have given their approval to China as the best place for investment, while 31 percent prefer Brazil and 29 percent go for India. The United States lags behind all of the three emerging economies and ranks the fourth with only 23 percent support.
     

  • October 22, 2010

    OTCQX announced that Tix Corporation, an integrated entertainment company, is now trading on the OTC market's highest tier, OTCQX®.  Ellenoff Grossman & Schole LLP will serve as Tix Corporation's Designated Advisor for Disclosure ("DAD") on OTCQX, responsible for providing guidance on OTCQX requirements.

    Click here to view the press release

  • October 18, 2010

    SmartRiverside and Cal State San Bernardino hosted IE Tech Week's Entrepreneurship & University Research Day, an event designed to bring together entrepreneurs, faculty, students, investors and the local education community to discuss a variety of topics critical to the success of today's entrepreneurs. Entrepreneurship Day included a variety of panels featuring distinguished experts from a variety of fields giving their perspective and insight on several topics including: Capital Raising; Resources for Entrepreneurs; and University Research & Innovation. Douglas S. Ellenoff, a member of the Firm, was invited to lead the panel "Financing Your Opportunity."
     

  • October 18, 2010

    Adrienne Ward, a member of the Firm, was recently selected as a New York Super Lawyer in 2010. Super Lawyers is a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement.

  • October 13, 2010

    Richard P. Kaye, a member of the Firm, was recently named one of the city's top litigation attorneys by Avenue Magazine.  Avenue Magazine teamed up with LexisNexis Martindale-Hubbell to create a list of the city's legal elite. 

  • October 12, 2010

    Douglas S. Ellenoff and Stuart Neuhauser, both partners of the Firm, led a SPAC Panel that was hosted by the NYSE Euronext.  Also on the panel were Robert Wotczak - NYSE Euronext; Mark Klein - 57th Street; Tina Pappas - Morgan Joseph, Steve Kaplan - Ladenburg Thalmann and John Shaw - Deutsche Bank. The panel discussed the status of the SPAC market, recent structural changes, including the legal impact of the tender offer rules as an alternative to the traditional proxy regime, sponsor ownership, warrant pricing and a look into the impact on foreign private issuer SPACs. 

  • October 07, 2010

    SKIL Ports & Logistics Limited, a new holding company established to develop, own and operate port and logistics facilities in India, raised £76 million (approximately $120 million) in an offering that listed on the AIM Market of the London Stock Exchange on October 7, 2010.  EG&S acted as counsel to Dahlman Rose & Company, LLC, the exclusive U.S. placement agent for the offering. 

  • October 06, 2010

    Compass Acquisition Corporation announced the closing of their PIPE deal for gross proceeds of $9,600,000.  EG&S acted as counsel to the company.

  • October 05, 2010

    Peter J. Guy, Of Counsel to the Firm, recently gave an online presentation on the basics of tax-free corporate acquisitions.

    Click here to view the presentation

  • October 01, 2010

    Tax Alert:  Clients that are investors in or utilitzing a limited partnership, limited liabiltiy partnership or limited liability company need to be aware of an alarming tax case involving unpaid New York sales taxand the potential liability to all of the partners or members-- not just the managing partner.  In this specific case, the New York State Division of Taxation successfully claimed that an investor can be held personally liable for unpaid sales taxes owed by such an entity merely by being a member.  Under the reasoning of this decision, investorsmay be saddled with unexpected liabilities well in excess of the amount they investedregardless of any actual active involvement that they may have in the management or affairs of the entities' operations.  A link to our Client Alert describing this issue in more detail can be found here.   

  • September 28, 2010

    Dipexium Pharmaceuticals LLC, a New York-based emerging biotechnology company, completed a first round venture capital raise of $1.42 million of its Series A Units and warrants.  EG&S acted as counsel to Dipexium. 

  • September 15, 2010

    ContraFect Corporation, a New York-based early stage biotechnology company completed the private placement of $12 Million of its Series B Convertible Preferred Stock. EG&S acted as counsel to the placement agent.