Posts
January 13 2022
Client Alert: Supreme Court Blocks OSHA Large Employer Vax-or-Test Mandate
The U.S. Supreme Court has just blocked the Occupational Safety and Health Administration (OSHA) Emergency Temporary Standard that would have required employers with 100 or more employees to mandate that employees either be fully vaccinated against COVID-19 or test weekly (the “100+ ETS”).
Click here to read the alert.
January 10 2022
Client Alert: New York Expands Protection for Whistleblowers
Effective January 26, 2022, amendments to New York’s Whistleblower Law dramatically expand the scope of protected activity that triggers anti-retaliation protections, as well as type of actions that may be considered retaliatory under the law.
Click here to read the alert.
January 06 2022
Client Alert: Lincoln St. Mezz II, LLC v One Lincoln Mezz 2 LLC
On December 6, 2021, the Supreme Court of the State of New York, Kings County held that a mezzanine borrower could not block a mezzanine loan foreclosure sale during the December holiday season on commercial reasonableness grounds based on the facts briefly summarized in the alert.
Click here to read the alert.
January 06 2022
Tilman Fertitta Seeks a $250 Million Payday After Ditching SPAC Deal
Two years ago, the pandemic forced Tilman Fertitta to shutter his empire of casinos and restaurants, furlough 40,000 workers, and inject $50 million of his own money into his company. Now the Texas billionaire is using exuberant debt markets to pay himself back, and then some.
www.bloomberg.com
January 06 2022
Buyer Beware As Athlete-Backed SPACs Take A -70% ‘L’
Things look very grim for SPACs spearheaded by some of your favorite athletes, as these special acquisition blank check companies tied to notable sports figures have been severely trailing the S&P 500. Shaquille O’Neal, Colin Kaepernick, Jay-Z, Serena Williams, Alex Rodriquez and Steph Curry have all recently gotten into the SPAC game without much success. Specifically, 21 out of 33 SPACs tied to famous public figures have posted negative returns for 2021, according to Bloomberg.
www.forbes.com
January 05 2022
Will SPACs Cool Off in 2022? Alternatives to Consider
SPACs, or special purpose acquisition companies, are companies with no commercial operations and form an alternative path to an initial public offering (IPO). They are created strictly to raise capital through an IPO to acquire an existing company. Also called a blank-check company, a SPAC is a shell company that raises money and trades on a stock exchange.
www.entrepreneur.com
January 04 2022
Still No 2022 SPAC Deal Announcements
It was another light day for SPAC news and no deal announcements for trading day 2 of 2022. The lack of deals certainly isn’t due to a lack of SPACs looking for therm — there are just about 575 SPACs actively search at this point. As we’ve discussed before, the deal announcement and close rate will have to pick up significantly in 2022 for the market to smoothly clear out the oversupply.
www.thestreet.com
December 30 2021
Client Alert: New York & New Jersey Minimum Wage Increases For 2022
With 2022 upon us, many New York and New Jersey employers 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.