Posts
January 24 2024
SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections
The Securities and Exchange Commission today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and target companies (de-SPAC transactions).
www.sec.gov
January 10 2024
Client Alert: U.S. Department of Labor Announces Final Rule Regarding Classification of Independent Contractors
Yesterday, the U.S. Department of Labor (“DOL”) unveiled the details of a long-awaited final rule clarifying its guidance on determining whether a worker should be classified as an “employee” or “independent contractor” under the Fair Labor Standards Act (“FLSA”) (the “Final Rule”). The Final Rule takes effect March 11, 2024.
Click here to read the alert.
January 05 2024
Client Alert: Governor Hochul Proposes Paid Prenatal Leave for New York Employees
In advance of her upcoming State of the State address, Governor Hochul has announced a first-in-the-nation proposal for paid prenatal leave as part of her legislative agenda for the upcoming year.
Click here to read the alert.
December 28 2023
Client Alert: UPDATE: New York Minimum Wage Rates Confirmed
The minimum wage, overtime, tip credit/tip threshold and exempt salary threshold rates for New York employers set forth in our previous Client Alert have now been confirmed and published in the New York State Register. Employers should update their Notice of Pay Rate forms (a/k/a 195.1 forms) to reflect these rates with an effective date of January 1, 2024, and ensure the new forms are put into use starting January 1.
Click here to read the alert.
December 20 2023
Client Alert: Big Changes Coming for California Employers in January 2024
With the new year fast approaching, we take this opportunity to advise California employers of upcoming legal changes taking effect January 1, 2024.
Click here to read the alert.
December 18 2023
Client Alert: California, Connecticut, Illinois & New Jersey Minimum Wage Increases for 2024
With 2024 upon us, employers with employees working in California, Connecticut, Illinois, New Jersey and beyond must prepare for scheduled minimum wage increases. Please note the following new minimum wage, tip credit and overtime rates.
Click here to read the alert.
December 15 2023
Labor and Employment Law Seminar: 2023 Recap and Looking Forward to 2024- January 23, 2024
Join the Labor & Employment Lawyers from Ellenoff Grossman & Schole LLP for an in-person complimentary breakfast event to discuss recent developments in labor and employment law. From Supreme Court cases, to emboldened administrative agencies and active legislatures, 2023 had it all—so it’s easy to forgive if you didn’t catch every update.
Click here to register.
December 13 2023
Client Alert: New York Minimum Wage Increases For 2024
With 2024 upon us, New York employers must prepare for scheduled minimum wage increases, tip credit changes, meal credit changes, and increases to the exempt salary threshold. Notably, unlike in the past when such changes went into effect on December 31 of the preceding year, the changes will go into effect on January 1, 2024.
Click here to read the alert.