Posts
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
May 30 2023
Client Alert: New York City Enacts Height and Weight Anti-Discrimination Law
Last Friday, May 26, 2023, New York City enacted an anti-discrimination law that prohibits discrimination in employment, housing, and access to public businesses based on an individual’s height or weight. This new law will go into effect on November 22, 2023.
Click here to read the alert.
May 02 2023
Ares’s $500 Million SPAC Marks Return of Jumbo Blank-Check Firms
A $500 million special-purpose acquisition company backed by Ares Management Corp. is the first jumbo blank check firm to emerge after more than a year of mostly tiny offerings.
www.bloomberg.com
April 19 2023
Florida-based Sunergy Renewables to go public via $475 million SPAC deal
Solar energy company Sunergy Renewables said on Wednesday it will go public via a merger with blank-check firm ESGEN Acquisition Corp (ESAC.O) in a deal that will value the combined company at $475 million.
www.reuters.com
January 25 2023
Jerusalem’s Freightos To Go Public In $500 Million SPAC Merger
Special Purpose Acquisition Companies (SPACs) — blank check companies that go public with hopes of quickly merging with a private company — are way down, but not out. How so? One such SPAC, Denver-based Gesher I Acquisition Corp. — which went public in November 2021 — is about to merge with Jerusalem-based Freightos, “a global leader in air-based shipping and a formidable player in sea-based shipping,”
www.forbes.com
January 11 2023
Client Alert: Governor Hochul Proposes Minimum Wage Increases For New Yorkers
New York Governor Kathy Hochul has announced a proposal to increase the minimum wage across New York State. Under the proposed plan – which is sparse on details and has no current timeline for implementation – the New York State minimum wage would be indexed to inflation and increase annually at a rate determined by the growth in the year-over-year Consumer Price Index for Wage Earners for the Northeast Region.
Click here to read the alert.