Posts
June 09 2023
Client Alert: NYS Senate Passes Sweat 2.0 Bill – Help Stop It From Becoming Law
Last night, the NYS Senate passed S.7539, the new wage theft legislation.
Click here to read the alert.
June 08 2023
Client Alert: Employers Facing New Lactation-At-Work Requirements
New York City employers have long been required to provide employees with reasonable break time to express breast milk (i.e., “pump”) during the workday, and to provide a designated “lactation room” free from intrusion for that purpose. New York State has now expanded protections for employees statewide.
Click here to read the alert.
June 06 2023
Alternative asset specialist Beneficient set to complete $3.3 billion SPAC merger
Beneficient is set to go public this week with a blank-check vehicle in a deal valuing the financial services firm at about $3.3 billion, a source familiar with the matter said on Tuesday.
www.reuters.com
June 01 2023
Client Alert: Call To Action: The Sweat Act Is Once Again On The Table
The Securing Wages Enforced Against Theft (“SWEAT”) Act is starting to gain traction in the State legislature again. This harmful legislation would allow for employees who believe they are victims of wage theft to take out a personal lien on business owners, managers, and other shareholders before proving their case. If passed, we would likely see a dramatic increase in the amount of litigation in this space and this bill would severely hamper businesses from being able to operate.
Click here to read the alert.
June 01 2023
Why Dealmaker Betsy Cohen Believes SPACs Will Make A Comeback
www.forbes.com
May 31 2023
German family-owned Schmid Group aims for SPAC listing on NYSE
Germany’s Schmid Group said on Wednesday it plans to list in New York via a special purpose acquisition company (SPAC), in a deal estimated to give the technology firm a valuation of $640 million.
www.reuters.com
May 30 2023
Client Alert: New York City Enacts Height and Weight Anti-Discrimination Law
Last Friday, May 26, 2023, New York City enacted an anti-discrimination law that prohibits discrimination in employment, housing, and access to public businesses based on an individual’s height or weight. This new law will go into effect on November 22, 2023.
Click here to read the alert.
May 02 2023
Ares’s $500 Million SPAC Marks Return of Jumbo Blank-Check Firms
A $500 million special-purpose acquisition company backed by Ares Management Corp. is the first jumbo blank check firm to emerge after more than a year of mostly tiny offerings.
www.bloomberg.com