Posts
July 18 2024
Veteran SPAC Sponsors Drive $1.7 Billion Surge in Just Six Weeks
Michael Andretti, Howard Lutnick and James Graf are among the serial sponsors returning to a US blank-check market that’s been heating up over the past six weeks, with mostly seasoned backers attracting $1.7 billion between them.
www.bloomberg.com
July 18 2024
Client Alert: California Supreme Court Eliminates “Two Strike” Rule For Employment Contract Unconscionability
In a watershed ruling for employers across the state, this week the California Supreme Court threw out the long-standing presumption against arbitration if an employment agreement contains multiple unconscionable terms. The Court rejected the often-applied “two strike” rule that employees need to establish only two unconscionable terms to escape a contractual obligation to arbitrate.
Click here to read the alert.
July 17 2024
Nasdaq Seeks To Tighten Delisting Rules Governing SPACs
Nasdaq is proposing to strengthen its rules governing delistings and trading suspensions of special-purpose acquisition companies that fail to complete mergers within 36-month deadlines or that violate other listing standards.
www.law360.com
July 17 2024
Bruised SPAC Market Pins Revival Hopes On Veteran Backers
More special-purpose acquisition companies are conducting initial public offerings, mostly backed by dealmakers who have completed prior mergers, bringing life to a listings market that was largely barren over the past year.
www.law360.com
July 11 2024
Client Alert: Pennsylvania Court May Enjoin FTC Noncompete Rule Nation-Wide After Texas Decision
As predicted, a Texas federal court issued a preliminary injunction preventing a Federal Trade Commission (“Commission” or “FTC”) rule banning most employee noncompetition agreements (the “Noncompete Rule”), from going into effect. However, the preliminary injunction applies only to the plaintiffs before that court. The court has promised a ruling on the merits by August 30, 2024, six days before the Noncompete Rule is scheduled to go into effect on September 4, 2024.
Click here to read the alert.
June 28 2024
4 Things To Know As New SPAC Rules Take Effect
The U.S. Securities and Exchange Commission’s new rules governing special-purpose acquisition companies take effect on Monday, marking an expansive attempt to strengthen oversight of SPAC deals, albeit scaled back from the agency’s original proposal.
www.law360.com
June 14 2024
Client Alert: California’s Workplace Violence Prevention Plan
Beginning July 1, 2024, covered California employers must establish, implement, and maintain a written Workplace Violence Prevention Plan (“WVPP”) either as part of their Injury and Illness Prevention Plan, or maintained as a separate document.
Click here to read the alert.
June 07 2024
Client Alert: Upcoming New York Primary Election Imposes Obligations on Employers
With New York’s upcoming primary election on June 25, 2024 (“Election Day”), employers face obligations regarding employee voting rights. Employers must post the New York Time Off to Vote Notice (“Notice”), which can be found here, by no later than June 15, 2024. The Notice should be posted in a location where it can be seen as employees come or go in the workplace.
Click here to read the alert.