Posts
September 21 2023
Client Alert: A Reminder – New York State’s Minimum Wage Will Increase December 31
New York employers will face a series of state-wide minimum wage increases beginning in 2024 and continuing indefinitely after 2027 in accordance with the Consumer Price Index.
Click here to read the alert.
September 19 2023
Client Alert: Pay Transparency Law Takes Effect in New York State
As a reminder, New York State employers with at least 4 employees are now (as of 9/17/2023) required to disclose the compensation range they are willing to pay a successful applicant for any advertised job, promotion, or transfer, including to a pool of potential internal applicants (“Job Posting”). This should be familiar to New York City employers, which are already subject to similar requirements.
Click here to read the alert.
August 17 2023
Client Alert: Updated Form I-9 Released
On August 1, 2023, the U.S. Department of Homeland Security (“DHS”) released a new version of the Form I-9. Employers must begin using this new Form I-9 by November 1, 2023. After October 31, 2023, employers who continue to use the previous version may be subject to applicable penalties under section 274A of the Immigration and Nationality Act.
Click here to read the alert.
July 26 2023
Client Alert: Department of Homeland Security Announces Updated Form I-9 and Remote Verification Procedure
On July 21, 2023, the U.S. Department of Homeland Security (“DHS”) announced an updated Form I-9 and remote I-9 verification procedure (referred to by DHS as “the Alternative Procedure”). Employers will be required to use the updated Form I-9 starting November 1, 2023. Separately, employers who were unable to review employees’ Form I-9 documents in person during the COVID-19 pandemic will be required to examine those documents in person, or through the Alternative Procedure, by August 30, 2023.
Click here to read the alert.
July 17 2023
Client Alert: New NYC Law Governing the Use of Artificial Intelligence in Hiring
NYC has passed a law regarding the use of artificial intelligence in hiring and it is being enforced as of July 5, 2023. The law, Local Law 144 (AI Bias Law), prohibits employers from using artificial intelligence (AI) technology to make hiring or promotional decisions unless certain requirements are met.
Click here to read the alert.
June 26 2023
Restaurant chain Pinstripes to go public via $520 million SPAC deal
Restaurant chain Pinstripes, which offers Italian food along with bowling and bocce, said on Friday it will go public through a merger with a blank-check firm in a deal valued at about $520 million and plans to list on the New York Stock Exchange around the end of the fourth quarter.
www.reuters.com
June 22 2023
Adam Dooley’s SPAC to Merge With Debt Servicer Unifund
Dooley launched the SPAC in 2021, with the goal of acquiring wealth management firms. It now plans to take Unifund, a consumer debt servicer, public in a $238 million deal.
www.wealthmanagement.com
June 21 2023
U.S. securities regulator hits top SPAC auditor with $10 million fine
The U.S. Securities and Exchange Commission (SEC) on Wednesday slapped Marcum LLP with a $10 million penalty for standards violations and systemic quality control failures in its audit work for hundreds of special purpose acquisition companies, or SPACs.
www.reuters.com