Posts
February 08 2023
SINTX Technologies, Inc. announced the pricing of its public offering in the amount of $12,000,000. EGS acted as counsel to Maxim Group LLC, the sole placement agent in this offering.
February 01 2023
CN Energy Group Inc. announced the closing of its underwritten public offering in the amount of $10,000,000. EGS acted as counsel to Aegis Capital Corp., the sole book-running manager in the offering.
January 25 2023
Jennifer M. Schmalz, a Member of the Firm, and Alexander Soric, of Counsel to the Firm, represent the Defendants in employment litigation alleging Labor Law § 740 Whistleblower violations and age discrimination. The New York State Supreme Court, New York County, issued a Decision and Order granting, in its entirety, Defendants’ motion for summary judgment. The Honorable James d’Auguste found that Plaintiff did not meet his burden under Labor Law § 740 and that his unsupported belief that Defendants terminated him due to his age was based on nothing more than speculation, which is insufficient to defeat summary judgment. Spiegel v. 226 Realty LLC d/b/a 226 Realty Company, LLC, 2023 N.Y. Slip Op. 30030 (N.Y. Sup. Ct. 2023).
Click here to read the decision.
January 19 2023 Event
Amanda M. Fugazy, a member of the Firm, was invited by the New York State Bar Association to be on a panel on January 20th at NYSBA’s Annual Meeting. Mrs. Fugazy will discuss the latest issues in NY wage & hour law.
Click here for more information.
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.