Posts
July 26 2023
Client Alert: Department of Homeland Security Announces Updated Form I-9 and Remote Verification Procedure
On July 21, 2023, the U.S. Department of Homeland Security (“DHS”) announced an updated Form I-9 and remote I-9 verification procedure (referred to by DHS as “the Alternative Procedure”). Employers will be required to use the updated Form I-9 starting November 1, 2023. Separately, employers who were unable to review employees’ Form I-9 documents in person during the COVID-19 pandemic will be required to examine those documents in person, or through the Alternative Procedure, by August 30, 2023.
Click here to read the alert.
July 17 2023
Client Alert: New NYC Law Governing the Use of Artificial Intelligence in Hiring
NYC has passed a law regarding the use of artificial intelligence in hiring and it is being enforced as of July 5, 2023. The law, Local Law 144 (AI Bias Law), prohibits employers from using artificial intelligence (AI) technology to make hiring or promotional decisions unless certain requirements are met.
Click here to read the alert.
June 26 2023
Restaurant chain Pinstripes to go public via $520 million SPAC deal
Restaurant chain Pinstripes, which offers Italian food along with bowling and bocce, said on Friday it will go public through a merger with a blank-check firm in a deal valued at about $520 million and plans to list on the New York Stock Exchange around the end of the fourth quarter.
www.reuters.com
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