Posts
January 19 2023
Olivia Hines, an Associate of the Firm, wrote an article for Total Food Service titled: “New Legal Obligations For New York Hospitality Employers To Combat Human Trafficking.”
Click here to read the article.
January 12 2023
Client Alert: Significant Changes To Rule 10B5-1 Coming Into Effect In Early 2023 Affecting Trading By Insiders
On December 14, 2022, the U.S. Securities and Exchange Commission (“SEC”) finalized amendments to Rule 10b5-1 that will both amend the Rule 10b5-1(c)(1) affirmative defense to insider trading liability and create new disclosure requirements applicable to the use of Rule 10b5-1 plans and the insider trading policies of public companies. There are multiple rule changes impacting disclosure and policy requirements for both companies and officers and directors (referred to as “insiders”) as well as other parties[1] during 2023, so an awareness of the changes and careful planning is warranted.
Click here to read the alert.
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.
January 06 2023
Client Alert: Nationwide Non-Compete Ban May Be on The Horizon
The Federal Trade Commission (FTC) has announced a proposed rule that would essentially ban all non-compete agreements between businesses and their employees, as well as any independent contractors engaged by the business. This would also extend to non-disclosure agreements that are drafted so broadly as to essentially preclude the worker from working in the same field. As proposed, the only exception would be in connection with the sale of a business or otherwise disposing of all of the person’s ownership interest in the business entity.
Click here to read the alert.
January 04 2023
Client Alert: Reminders for New York Employers Amid the COVID-19 Winter Surge
As 2023 has arrived and COVID-19 cases are back on the rise, we take this opportunity to remind New York employers of their continuing obligations regarding COVID-19 when it comes to their employees, and of previous requirements that are no longer in effect.
Click here to read the alert.
December 30 2022
SPACinsider presented EGS with the Best SPAC Law Firm of 2022 award. In looking back over 2022, there were 85 IPOs priced, 103 De-SPACs (to-date), 38 underwriters and 58 SPAC IPO law firms. SPACinsider has chosen the best deals, teams, sponsors, bankers and lawyers of 2022. EGS was awarded Best Law Firm based, in part, on the SPAC IPO Legal League Tables, EGS led based on deal volume of $3.4 billion across 19 SPAC IPOs.
Click here to see all winners.
December 30 2022
Client Alert: NYS Cracks Down on HERO Act Workplace Safety Committees
As previously advised, for New York employers with at least 10 employees, the New York HERO Act allows employees to form a joint labor-management “workplace safety committee” comprised of at least 2/3 non-supervisory employees. The workplace safety committee is empowered to raise health and safety concerns to management, provide feedback on all employer policies required under the HERO Act, participate in government agency health and safety site visits, and meet at least once a quarter to discuss health and safety issues. Governor Hochul has now signed off on an amendment to the HERO Act.
Click here to read the alert.
December 27 2022
Client Alert: New York – Not Just New York City – to Require Pay Ranges in Job Postings
In the wake of the New York City pay transparency law, New York Governor Kathy Hochul has signed a similar New York State law that requires all employers to list the pay rate or range in the job listing for all advertised jobs (including promotions and transfers) that can or will be performed, at least in part, in New York State. This new law will impose new obligations on all New York employers, including those in New York City.
Click here to read the alert.