Posts
June 22 2023
Adam Dooley’s SPAC to Merge With Debt Servicer Unifund
Dooley launched the SPAC in 2021, with the goal of acquiring wealth management firms. It now plans to take Unifund, a consumer debt servicer, public in a $238 million deal.
www.wealthmanagement.com
June 21 2023
U.S. securities regulator hits top SPAC auditor with $10 million fine
The U.S. Securities and Exchange Commission (SEC) on Wednesday slapped Marcum LLP with a $10 million penalty for standards violations and systemic quality control failures in its audit work for hundreds of special purpose acquisition companies, or SPACs.
www.reuters.com
June 09 2023
Client Alert: NYS Senate Passes Sweat 2.0 Bill – Help Stop It From Becoming Law
Last night, the NYS Senate passed S.7539, the new wage theft legislation.
Click here to read the alert.
June 08 2023
Client Alert: Employers Facing New Lactation-At-Work Requirements
New York City employers have long been required to provide employees with reasonable break time to express breast milk (i.e., “pump”) during the workday, and to provide a designated “lactation room” free from intrusion for that purpose. New York State has now expanded protections for employees statewide.
Click here to read the alert.
June 06 2023
Alternative asset specialist Beneficient set to complete $3.3 billion SPAC merger
Beneficient is set to go public this week with a blank-check vehicle in a deal valuing the financial services firm at about $3.3 billion, a source familiar with the matter said on Tuesday.
www.reuters.com
June 01 2023
Client Alert: Call To Action: The Sweat Act Is Once Again On The Table
The Securing Wages Enforced Against Theft (“SWEAT”) Act is starting to gain traction in the State legislature again. This harmful legislation would allow for employees who believe they are victims of wage theft to take out a personal lien on business owners, managers, and other shareholders before proving their case. If passed, we would likely see a dramatic increase in the amount of litigation in this space and this bill would severely hamper businesses from being able to operate.
Click here to read the alert.
June 01 2023
Why Dealmaker Betsy Cohen Believes SPACs Will Make A Comeback
www.forbes.com
May 31 2023
German family-owned Schmid Group aims for SPAC listing on NYSE
Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million.
www.reuters.com