Posts
February 12 2024
Client Alert: New York Credit Card Surcharge Law Updated
On December 13, 2023, Governor Kathy Hochul signed a bill updating and clarifying New York’s credit card surcharge rules. This law is now in effect and businesses must comply with the updated credit card surcharge requirements.
Click here to read the alert.
February 05 2024
Client Alert – Call To Action: The Tip Credit Is On The Table
New York legislators are once again discussing eliminating the tip credit in the hospitality industry. Such legislation would deprive restaurateurs of the ability to offset tipped employee wages with the tips they receive from guests at a time when the industry is facing increased operating costs, increasing legal obligations, and unprecedented levels of unionization efforts.
Click here to read the alert.
January 29 2024
Leaner SPAC Market Expected In Wake Of Tougher SEC Rules
The U.S. Securities and Exchange Commission’s passage of tougher new rules governing special-purpose acquisition companies won’t kill this alternative funding vehicle, several attorneys said Wednesday, though stricter oversight will likely accelerate trends toward a leaner market dominated by larger players.
www.law360.com
January 26 2024
Client Alert: Employers to Provide a “Workers’ Bill of Rights” to All Employees Beginning July 1, 2024
New York City has enacted a law requiring all employers to provide their employees with a Worker’s Bill of Rights beginning on July 1, 2024. Employers will have to post and distribute it to all employees, regardless of immigration status.
Click here to read the alert.
January 25 2024
SPAC Risk Update with Doug Ellenoff: What to Expect in 2024
For the first SPAC Notebook of 2024, I was pleased to speak once again with Doug Ellenoff, the founder of Ellenoff Grossman & Schole and someone who has been at the forefront of the SPAC market since its inception. In addition to evaluating SPAC activity in 2023, we looked at what to expect for this year.
www.jdsupra.com
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.