Posts
November 17 2021
Client Alert: Follow-Up on Revised 80%-20%-30 min. DOL Final Rule For Tipped Employees: Interaction With NYS 80%-20%-2 hr. Rule
Following up on our Client Alert regarding a new U.S. Department of Labor Final Rule pertaining to tipped employees, that restricts the ability to take a tip credit from the full minimum wage for time in excess of 30 consecutive minutes or 20% of the employee’s workweek spent on Directly-Supporting Work (the “FLSA Final Rule”), we write to alert you to the interaction between the FLSA Final Rule and New York’s 80/20 rule.
Click here to read the alert.
November 16 2021
Client Alert: New York State Passes New Law Requiring Employers to Automatically Enroll Employees in State-Run IRA Program
Under the recently-enacted “New York Secure Choice Savings Program” law (“NYS Savings Program”), employers in New York State will now be required to automatically enroll employees in a state-run IRA retirement savings program, unless the employer already offers a retirement program.
Click here to read the alert.
November 15 2021
Client Alert: OSHA Enforcement Suspended for COVID-19 Vaccination Requirement for Employers with 100+ Employees
Per our previous Client Alert, on November 4, 2021 OSHA issued an Emergency Temporary Standard regarding COVID-19 vaccination and testing requirements for employers with 100 or more employees (the “100+ ETS”). The 100+ ETS was effective as of November 5, 2021.
Click here to read the alert.
November 04 2021
Client Alert: OSHA Issues Emergency Temporary Standard Regarding COVID-19 Vaccination Requirements For Employers with 100+ Employees
In accordance with a directive from President Biden to minimize the risk of COVID-19 transmission in the workplace, this morning, the Occupational Safety and Health Administration (OSHA) issued an Emergency Temporary Standard requiring that, with limited exceptions, private employers with 100 or more employees must require that employees either be fully vaccinated against COVID-19 or otherwise provide a negative COVID-19 test on at least a weekly basis (the “100+ ETS”).
Click here to read the alert.
November 04 2021
Client Alert: DOL Issues Final Rule on Revised 80/20 Rule for Tipped Employees
On October 29, 2021, the Department of Labor issued a Final Rule regarding tip credit regulations under the Fair Labor Standards Act (FLSA). The Final Rule is effective December 28, 2021.
Click here to read the alert.
November 03 2021
SPAC issuance jumps to the highest since March as deals rush to market before year-end
The SPAC market could be staging a comeback with issuance hitting an eight-month high as the industry continues to ride out regulatory challenges. A total of 57 special purpose acquisition companies began trading in October, the highest amount since March when a record of 109 SPACs were issued, according to SPACInsider and CNBC calculations.
www.cnbc.com
November 03 2021
NBA star Kevin Durant backs $200 million SPAC
Basketball star Kevin Durant is betting on a blank check company. The Brooklyn Nets forward will serve as the co-CEO of Infinite Acquisition Corp, which filed for an initial public offering for $200 million on Wednesday. Infinite will sell 20 million shares at $10 and return money to investors if it doesn’t acquire a company to take public within 24 months. Among the targets: sports, e-commerce, and cryptocurrency companies.
www.cnbc.com
November 02 2021
EF Hutton, the company behind Trump SPAC deal, launches its own SPAC
Less than two weeks after the stock price of a special purpose acquisitions company linked to former president Donald Trump jumped more than 1,000% in just two days before falling back to earth, the company behind that deal is launching its own SPAC.
www.finance.yahoo.com