Posts
November 18 2024
Client Alert: Texas Federal Court Strikes Down 2024 Department of Labor Overtime Rule
The U.S. District Court for the Eastern District of Texas recently struck down the Department of Labor’s (“DOL”) 2024 rule raising exempt salary thresholds under the Fair Labor Standards Act (“FLSA”). By way of brief background, the 2024 DOL rule raised the minimum salary for overtime exemptions for executive, administrative, and professional (“EAP”) employees and highly compensated employees (“HCE”).
Click here to read the alert.
November 04 2024
Client Alert: Politics at Work: Tomorrow’s Election
As we enter the final stretch to tomorrow’s election, employers should be prepared to respond to employees who voice their political beliefs in the workplace. There are rights and restrictions that you should be aware of.
Click here to read the alert.
October 28 2024
Singapore’s Synagistics: Hong Kong’s first de-SPAC listing a milestone for stock exchange
Hong Kong’s listing reform marks a historic milestone this week as an overseas company becomes the first to list here via a merger with a blank-cheque company.
www.finance.yahoo.com
October 24 2024
Vicious Partner Feud Roils EF Hutton
Two years ago, EF Hutton was riding high. The bank was the top dealmaker in the speculative world of special-purpose acquisition companies, making millions taking risky startups such as Donald Trump’s social-media platform public.
www.wsj.com
October 24 2024
Client Alert: IRS Announces Inflation Adjustments for 2025
On October 22, 2024, the Internal Revenue Service announced inflation-adjusted amounts for more than 60 sections of the Internal Revenue Code. Of particular interest to employers that sponsor employee benefit arrangements.
Click here to read the alert.
October 23 2024
Delaware Chancery Court still hates SPACs
A long-serving Delaware Chancery Court judge just compared litigation over so-called blank-check investment vehicles to an anaconda snake that takes a year to digest its food.The pandemic-era mania for special purpose acquisition vehicles, or SPACs, crested in 2021, when sponsors created 613 new investment vehicles to go on the hunt for private companies ripe for acquisition.www.reuters.comOctober 22 2024
Client Alert: New York’s Workplace Violence Prevention Law
New York retail employers are advised that on September 4, 2024, Governor Kathy Hochul signed the Retail Worker Safety Act (the “Act”). All retail employers must comply with the Act by March 3, 2025. Pursuant to the Act, retail employers must establish a workplace violence prevention policy, which must be provided to all employees upon hiring and on a yearly basis.
Click here to read the alert.
October 17 2024
Steve Salis Plans New SPAC Launch, Aims To Raise $230M
Washington D.C. based entrepreneur Steve Salis is launching another SPAC with an ambitious goal of raising up to $230 million. The owner of Salis Holdings and CEO of Sizzle Acquisition Corp aims to take a consumer, tech, or sports-oriented company public.
www.benzinga.com