We congratulate our client on their recent victory in litigation involving a disgruntled former employee and complex cross border issues. Congratulations to our team, Zheng Liu, Scott Raber, Bob Cocchia and Kendra Orr who represented the Chinese companies. A summary of the case, along with some practical suggestions for foreign companies on what to do…

In a significant decision that reshapes, and harmonizes, the landscape of employment law across all Circuits, the Supreme Court has handed employers a significant victory in Fair Labor Standards Act (FLSA) disputes. In E.M.D. Sales, Inc. v. Carrera, the Supreme Court resolved a circuit split by holding that the preponderance-of-the-evidence standard applies when employers seek…

Rimon client, Australian Oilseeds Holdings Limited, a Cayman Islands exempted company and EDOC Acquisition Corp., a publicly-traded special purpose acquisition company announced they have closed their previously announced business combination. The transaction, which was approved on March 5, 2024, by EDOC shareholders, establishes Australian Oilseeds, the largest cold pressing oil plant in Australia and the…

OneMedNet Corporation, the leading curator of regulatory-grade Imaging Real World Data announced yesterday that it has completed its previously announced business combination with Data Knights Acquisition Corp. The business combination was approved at a special meeting of Data Knights’ stockholders and the combined company now operates as OneMedNet Corporation (“OneMedNet”). Beginning today,  OneMedNet’s shares of…

Rimon PC client, Canna-Global Acquisition Corp (“Canna-Global”) (NASDAQ:CNGL), a special purpose acquisition company, announced the signing of a definitive Bid Implementation and Business Acquisition Agreement with Sydney-based New Quantum Holdings Pty Ltd. (“New Quantum”), a provider of a vertically integrated technology and infrastructure offering for financial services firms, that will result in New Quantum becoming…

Special purpose acquisition company, EDOC Acquisition Corp. (Nasdaq: ADOC, ADOCR, ADOCW, “EDOC”)  announced yesterday that it has entered into a definitive business combination agreement with Rimon client Australian Oilseeds Investments Pty. Ltd. Upon the satisfaction of all closing conditions, the transaction will result in Australian Oilseeds Holdings Limited, a to-be-formed Cayman Islands company, listing its…

In the current economic climate, many companies are being forced to lay off personnel. Rimon’s Robert Cocchia and Dror Futter set out what companies need to know about layoffs in a new 10 step guide. 10 Steps to Take Immediately Review All Agreements Review the terms of all employment-related agreements and identify provisions triggered by…

Rimon PC client Energem Corp., a Nasdaq listed company (NASD: ENCPU), has announced the signing of a business combination agreement with Graphjet Technology, a Malaysian company that transforms palm kernel shells, a waste product of palm oil production, into graphene and graphite used to produce EV batteries. The transaction values Graphjet at pro forma enterprise…

Rimon is proud to announce that 20 of its attorneys across 10 offices have been named Super Lawyers in 2022. The following attorneys have been recognized as Super Lawyers: Kenneth Anderson, Entertainment & Sports, New York, NY Patricia Annino, Estate Planning & Probate, Boston, MA Lisa Weinstein Burns, Estate Planning & Probate, Boston, MA Alan…

We congratulate our client, OneMedNet Corporation, on the announcement of their de-SPAC transaction with Data Knights Acquisition Corp. The transaction will result in a newly combined company named OneMedNet. Upon closing, OneMedNet will continue to be led by its CEO, Mr. Paul Casey, a 40-year public company veteran with a proven track record driving value…