Posts
January 09 2017
OXIS International Inc. announced the closing of their PIPE offering in the amount of $19,821.00. EG&S acted as counsel to the Placement Agent.
January 09 2017
OurCrowd Digital Health L.P., announced the completion of their $5.1Million offering of DarioHealth Corp where they were the lead investor. EG&S acted as counsel to OurCrowd.
January 04 2017
Client Alert: Updated Minimum Wage Developments in New York – 2017
On December 27, 2016, we alerted you to increases in the minimum wage for 2017. Since then, the New York State Department of Labor (“DOL”) issued new regulations, effective December 31, 2016, that re-introduced separate tip credit amounts for “service employees” and “food service workers” employed in the hospitality/restaurant industry.
Click here to read the updated alert.
January 04 2017
Client Alert: Minimum Salary Thresholds for Overtime Exemptions in New York – 2017
The New York State Department of Labor, with just two business days’ notice, increased the minimum weekly salary thresholds that employers must pay in order for their executive and administrative employees to be exempt from overtime pay obligations under New York State law. Moreover, the minimum salary thresholds will now vary according to the location and/or size of the employer.
Click here to read the alert.
January 04 2017
NeuroMetrix, Inc. announced the closing of their PIPE offering in the amount of $4,000,000. EG&S acted as counsel to the Placement Agent.
January 02 2017
PlacementTracker announced the most active law firms in the U.S. PIPE market for 2016. A total of $42.7 billion was raised in 875 transactions through 2016.
Ellenoff Grossman & Schole LLP ranked #1 for placement agent counsel; #3 for investor counsel and # 9 for issuer counsel.
Click here to view the league tables.
December 30 2016
Digital Ally, Inc. announced the closing of their Registered Direct offering in the amount of $4,000,000. EG&S acted as counsel to the Investor.
December 30 2016
Nemus BioSciences, Inc. announced the closing of their PIPE offering in the amount of $1,500,000. EG&S acted as counsel to the Investor.