Posts
August 02 2024
Ellenoff Grossman & Schole LLP was among the leading law firms that steered the most initial public offerings during July, which marked the year’s busiest month in terms of IPO proceeds.
Congrats to the EGS team!
August 01 2024
M3-Brigade Acquisition V Corp. announced the closing of its initial public offering in the amount of $287,500,000. EGS acted as counsel to the underwriter.
July 31 2024
Client Alert: Deadline to Remove NYC Dining Sheds Is This Saturday
Restaurants with outdoor dining sheds must either apply for New York City’s official outdoor dining program or remove their outdoor dining sheds in their entirety by Saturday August 3, 2024.
Click here to read the alert.
July 24 2024
Client Alert: Pennsylvania Court Denies Preliminary Injunction of FTC Noncompete Rule
Less than two weeks after a Texas federal court declined to issue a nationwide preliminary injunction enjoining the Federal Trade Commission (“FTC”) rule banning most employee noncompetition agreements (the “Noncompete Rule”) from going into effect, except as to the plaintiff in that case, a Pennsylvania federal court refused to enjoin the Noncompete rule from going into effect.
Click here to read the alert.
July 19 2024
NANO Nuclear Energy announced the closing of its underwritten follow-on public offering in the amount of $20,000,000. EGS acted as counsel to NANO Nuclear Energy.
July 18 2024
AIB Acquisition Corporation, a special purpose acquisition company, announced the completion of its previously announced business combination with PS International Group Ltd. (together with PSI Group Holdings Ltd and its operating subsidiaries), a long-established global logistics service provider headquartered in Hong Kong specializing in cross-border air freight services. EGS acted as U.S. counsel to AIB Acquisition Corporation.
July 18 2024
Client Alert: California Supreme Court Eliminates “Two Strike” Rule For Employment Contract Unconscionability
In a watershed ruling for employers across the state, this week the California Supreme Court threw out the long-standing presumption against arbitration if an employment agreement contains multiple unconscionable terms. The Court rejected the often-applied “two strike” rule that employees need to establish only two unconscionable terms to escape a contractual obligation to arbitrate.
Click here to read the alert.
July 16 2024
Peter Wilms, an associate of the Firm, wrote an article for Total Food Service titled: “Can You Fire an Employee For Their Political Speech?”
Click here to read the article.