Posts
January 29 2024
SPACs Will Survive New SEC Regs
But a change in the liability for disclosures and the requirements for financial projections will make early-stage companies think twice about going public via SPAC. The new rules for special-purpose acquisitions companies (SPACs) approved last week may further slow down the market for such vehicles and limit their use but SPACs will survive, said Timothy FitzSimons, a partner at King & Spalding.
www.cfo.com
January 26 2024
Client Alert: Employers to Provide a “Workers’ Bill of Rights” to All Employees Beginning July 1, 2024
New York City has enacted a law requiring all employers to provide their employees with a Worker’s Bill of Rights beginning on July 1, 2024. Employers will have to post and distribute it to all employees, regardless of immigration status.
Click here to read the alert.
January 25 2024
SPAC Risk Update with Doug Ellenoff: What to Expect in 2024
For the first SPAC Notebook of 2024, I was pleased to speak once again with Doug Ellenoff, the founder of Ellenoff Grossman & Schole and someone who has been at the forefront of the SPAC market since its inception. In addition to evaluating SPAC activity in 2023, we looked at what to expect for this year.
www.jdsupra.com
January 24 2024
SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections
The Securities and Exchange Commission today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and target companies (de-SPAC transactions).
www.sec.gov
January 10 2024
Client Alert: U.S. Department of Labor Announces Final Rule Regarding Classification of Independent Contractors
Yesterday, the U.S. Department of Labor (“DOL”) unveiled the details of a long-awaited final rule clarifying its guidance on determining whether a worker should be classified as an “employee” or “independent contractor” under the Fair Labor Standards Act (“FLSA”) (the “Final Rule”). The Final Rule takes effect March 11, 2024.
Click here to read the alert.
January 05 2024
Client Alert: Governor Hochul Proposes Paid Prenatal Leave for New York Employees
In advance of her upcoming State of the State address, Governor Hochul has announced a first-in-the-nation proposal for paid prenatal leave as part of her legislative agenda for the upcoming year.
Click here to read the alert.
December 28 2023
Client Alert: UPDATE: New York Minimum Wage Rates Confirmed
The minimum wage, overtime, tip credit/tip threshold and exempt salary threshold rates for New York employers set forth in our previous Client Alert have now been confirmed and published in the New York State Register. Employers should update their Notice of Pay Rate forms (a/k/a 195.1 forms) to reflect these rates with an effective date of January 1, 2024, and ensure the new forms are put into use starting January 1.
Click here to read the alert.
December 20 2023
Client Alert: Big Changes Coming for California Employers in January 2024
With the new year fast approaching, we take this opportunity to advise California employers of upcoming legal changes taking effect January 1, 2024.
Click here to read the alert.