Posts
July 11 2024
Client Alert: Pennsylvania Court May Enjoin FTC Noncompete Rule Nation-Wide After Texas Decision
As predicted, a Texas federal court issued a preliminary injunction preventing a Federal Trade Commission (“Commission” or “FTC”) rule banning most employee noncompetition agreements (the “Noncompete Rule”), from going into effect. However, the preliminary injunction applies only to the plaintiffs before that court. The court has promised a ruling on the merits by August 30, 2024, six days before the Noncompete Rule is scheduled to go into effect on September 4, 2024.
Click here to read the alert.
July 11 2024
SIM Acquisition Corp. I announced the closing of its initial public offering in the amount of $230,000,000. EGS acted as counsel to SIM Acquisition Corp. I.
July 03 2024
Eureka Acquisition Corp. announced the closing of its initial public offering in the amount of $50,000,000. EGS acted as counsel to the underwriter.
June 27 2024
Graf Global Corp., a blank check company, announced the closing of its initial public offering in the amount of $230,000,000. EGS acted as counsel to the underwriter.
June 20 2024
Lionheart Holdings announced the closing of its initial public offering in the amount of $230,000,000. EGS acted as counsel to Lionheart Holdings.
June 20 2024
Melar Acquisition Corp. I announced the closing of its initial public offering in the amount of $160,000,000. EGS acted as counsel to Melar Acquisition Corp. I.
June 17 2024
Steven Nevolis, a member of the Firm, wrote an article for Total Food Service titled: “Crashing the Party: OSHA’s Final “Walkaround Rule” Provides Unprecedented Access to Private Worksites.”
Click here to read the article.
June 14 2024
SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, announced the acquisition of key assets from Allset, an online ordering platform that connects restaurants and local customers. As part of the acquisition, Allset’s team will be joining SoundHound, further strengthening the company’s capabilities and commitment to innovation. The closing of the acquisition will bring additional restaurant relationships, engineering skills, and marketplace know-how to SoundHound AI as it builds towards its vision of a voice commerce ecosystem that enables consumers to access goods and services through natural conversation. This includes plans to facilitate voice-enabled food and drink ordering across millions of cars, TVs, and smart devices. EGS acted as counsel to SoundHound AI, Inc..