Posts
April 07 2022
Client Alert – Call To Action: The SWEAT Act Is Again On The Table
Last week, the NYS Assembly passed the Securing Wages Enforced Against Theft (“SWEAT”) Act, which provides plaintiffs’ attorneys the ability to secure a lien for the value of an employee’s wage claim, including liquidated damages, based solely on mere allegations of a wage violation. If passed, the law would allow for business and personal liens against owners, the top ten investors, and even managers.
Click here to read the alert.
March 23 2022
Crypto-Focused SPAC Companies Are Outperforming Their Peers
Going public through a blank-check company is a bet that seems to have paid off only for crypto companies so far this year. Monex Group’s Coincheck Inc. was the latest to agree to a reverse-merger with a special purpose acquisition company, making it the 10th crypto firm to announce such a deal since last year. Others, including stablecoin operator Circle and mining companies BitFuFu and Bitdeer are still eyeing a U.S. listing this year.
www.finance.yahoo.com
March 22 2022
Fashion Designer Lanvin Group Plans U.S. Listing Via SPAC
Lanvin Group, which owns the French fashion brand known for its red-carpet gowns, plans to float in New York via a blank-check company in a sign of confidence for the luxury industry. The transaction is set to give the company an enterprise value of $1.5 billion. Lanvin’s owners, which include Chinese investor Fosun, are hoping to raise $544 million, which will help fund expansion and could help finance at least one acquisition within the next three years, Chief Executive Officer Joann Cheng said in an interview.
www.bloomberg.com
March 22 2022
As Their Boom Loses Steam, What’s The Outlook For SPACs Now?
A once lesser-known pathway to raising capital has in recent years been making headlines: the special purpose acquisition company (SPAC). A SPAC is a listed shell corporation that exists expressly to acquire startups and other private companies, taking them public with typically more speed and efficiency than the traditional initial public offering (IPO) process can provide.
www.forbes.com
March 18 2022
Client Alert: COVID-19 No Longer Subject To NY Hero Act Requirements; NYC Private Employer Vaccination Mandate To Remain In Place
This afternoon, New York State announced that the designation of COVID-19 as an “airborne infectious disease” subject to the requirements of the NY HERO Act has ended. The primary impact of this announcement is that employers may immediately discontinue daily pre-workday health screenings.
Click here to read the alert.
March 17 2022
Client Alert: New Federal Law Bans Forced Arbitration of Sexual Assault and Sexual Harassment Claims
Effective immediately, the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act amends the Federal Arbitration Act and prohibits employers from enforcing mandatory pre-dispute agreements to arbitrate sexual assault or sexual harassment disputes (“Sexual Harassment Claims”). The law also bans mandatory waivers of class, collective and joint claims related to Sexual Harassment Claims.
Click here to read the alert.
March 04 2022
Client Alert – Update: “Key To NYC” Vaccine Mandate Lifted Effective March 7, 2022
NYC Mayor Eric Adams has announced that the Key to NYC program mandating proof of vaccination to enter certain indoor public businesses, including restaurants, bars, gyms and entertainment venues, will officially end Monday, March 7th. Businesses are free to continue requiring proof of full or partial vaccination at their election.
Click here to read the alert.
February 28 2022
Client Alert: NYC Preps To Lift “Key To NYC” Vaccine Mandate
Over the weekend, NYC Mayor Eric Adams announced that the Key to NYC program mandating proof of vaccination to enter certain indoor public businesses, including restaurants, bars, gyms and entertainment venues, will likely end Monday, March 7th.
Click here to read the alert.