Legal News

HSR Act Thresholds - The Federal Trade Commission ("FTC") recently announced the revised transaction thresholds that trigger the requirement to file a premerger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act ("HSR Act"). The FTC revises the thresholds annually based on changes in the gross national product....By: Hodgson Russ LLP

Under the CARES Act, an employer otherwise eligible for employee retention credits (“ERC”) is denied such credits if it participates in a Paycheck Protection Program (“PPP”) loan....By: Hodgson Russ LLP

On May 21, 2020, the Securities and Exchange Commission finalized and adopted its eagerly awaited revisions to Regulation S-X with respect to financial disclosures for business acquisitions and dispositions. While many of the revisions are quite...By: Hodgson Russ LLP

This alert was updated at 11:59 a.m. on 5/15/2020 - Governor Cuomo has announced the first phase of industries that can start preparing for the reopening process, including construction in the energy sector. As part of that process, the State has...By: Hodgson Russ LLP

New York’s statewide energy storage goal of 3,000 megawatts (MW) by 2030, with an interim objective of deploying 1,500 MW by 2025 require significant increases in the high energy consumption zone of New York City. Market conditions there are trending...By: Hodgson Russ LLP

Although “construction” was originally deemed by Governor Cuomo to be “essential”, and thus exempt from the restrictions imposed by his March 18, 2020 Executive Order, that has since changed....By: Hodgson Russ LLP

As part of 2021 State Budget that passed on April 2, 2020, the New York State Legislature adopted the Environmental Bond Act, also termed the Restore Mother Nature Bond Act (Act). The Act, proposed by Governor Cuomo in his 2020 State of the State...By: Hodgson Russ LLP

On April 2nd, the New York State Assembly and Senate passed the Governor’s budget bill which contains provisions imposing prevailing wage requirements on certain projects receiving financial assistance from New York State industrial development...By: Hodgson Russ LLP

Non-essential in-person activities have been restricted in New York State during the ongoing COVID-19 pandemic through a series of Executive Orders issued by Governor Cuomo. To supplement the plain language of the orders, Empire State Development...By: Hodgson Russ LLP

The Empire State Development Corporation (“ESDC”) issued guidance over the weekend clarifying the status of local government construction work, including municipalities and school districts....By: Hodgson Russ LLP