The Los Angeles Increase in Minimum Wage and Who It Affects

Is Your Company Subject to the Minimum Wage Ordinance Taking Effect July 1, 2017?

The Office of Wage Standards increases the Los Angeles City and Los Angeles County minimum wage rates under the Minimum Wage Enforcement Ordinances.  If your minimum wage employees are on a bi-weekly pay schedule, starting the next pay period, they may be entitled to wage increases.  If the employees actually perform their work within Los Angeles City or Los Angeles County boundaries and they are not public employees, then the new minimum wage law (starting July 1, 2017) affects minimum wage employees’ pay rate in accordance with either the “small business” category (25 employees or fewer) or the “regular business” category (26 employees or greater).

For businesses that operate within the City of Los Angeles or the County of Los Angeles and are subject to either ordinance, pay rates for their employees increase next month.  The increase takes place this July 1, 2017 from $10.00 to $10.50 per hour for companies with 25 or less employees, and from $10.50 to $12.00 per hour for companies with 26 or more employees.

The City and County of Los Angeles only count the employees that work within the City and County boundaries—not outside—because an employee is defined as those “employees that work within the geographical boundaries,” so those employees outside the geographical boundaries do not help those employees within boundaries get the higher increase because they are not considered employees for purposes of this City or County Ordinance.

If you are unsure if your company or employer is subject to the small business category or regular business category, complete a MW2-MWO worksheet located at www.wagesla.lacity.org to find out.

To see if your company is within the boundaries governed by the City or County Ordinances, visit www.neighborhoodinfo.lacity.org.

For more information on wage and hour legal issues, including litigation, please contact Ryan C. C. Duckett at rduckett@stubbsalderton.com or Jeffrey F. Gersh at jgersh@stubbsalderton.com, or call (818) 444-4500.

Nothing herein shall be constituted as legal advice.

 

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

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SAM Clients Kravitz, Inc. and Kravitz Back Office Solutions Acquired by Ascensus

Kravitz (Los Angeles, CA – June 19, 2017)  Stubbs Alderton & Markiles, LLP announced that its clients, Kravitz and Kravitz Back Office Solutions, have been acquired by Ascensus. Kravitz is a retirement administration firm and Cash Balance specialist focused on bringing its clients the latest in the design, administration, and management of corporate retirement plans.  Kravitz Back Office Solutions delivers private-label actuarial services to third-party administrators across the country to help them grow and succeed with Cash Balance plans.

Stubbs Alderton & Markiles’ attorneys representing Kravitz in the transaction included Scott GalerNick Feldman and Kelly Laffey.

For the full press release, click here.

About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. Visit www.stubbsalderton.com 

For more information about our Mergers & Acquisitions practice, contact Scott Galer at sgaler@stubbalderton.com 

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SAM Partner Kevin DeBré Moderating Panel on “Innovation in Large Corporations/Scouting for Opportunities” at USC

Stubbs Alderton & Markiles’ Partner Kevin DeBré will be featured as a moderator at USC Viterbi School of Engineering on “Innovation in Large Corporations/Scouting for Opportunities” at their Technology Scouting Workshop. The event will be Tuesday, June 20th at the Marina del Rey Marriot from 8AM-5PM.

Technology Scouting Workshop
June 20, 2017
Marina del Rey Marriot
4100 Admiralty Way, Marina Del Rey, CA 90292

To register for the event click here.

To find out more about Stubbs Alderton & Markiles’ Intellectual Property & Technology Transactions practice contact Kevin DeBré at kdebre@stubbsalderton.com

Kevin D. DKevin DeBré eBré is the chair of the Firm’s Intellectual Property & Technology Transactions Practice Group.  Kevin advises entrepreneurs and companies that use intellectual property to build their businesses.  Kevin has particular expertise in structuring and negotiating technology commercialization and patent licenses, strategic alliances, research and development collaborations, trademark licensing and brand merchandising agreements and manufacturing, distribution and marketing arrangements.  He also counsels clients on compliance with data security and privacy laws and regulations.

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Preccelerator Program Presents: Startup Superhero Series with Michael Schneider, Founder of Service and Mobile Roadie

Startup

 

What is a Startup Superhero? Join us as Michael Schneider, founder of Service and Mobile Roadie, is interviewed by Matt Swider, Senior Mobile Editor of TechRadar, on the highs and lows of entrepreneurship, stories from his time with Mobile Roadie, one of the world’s most successful mobile app platforms, and his adventure into founding Service, a platform that compensates travelers for delayed or canceled flights.

Register

When:

Thursday, June 29, 2017
5:30-6:15pm – Networking
6:15-7:30pm – Fireside Chat with Michael Schneider

Where:

SAM Preccelerator Program
1453 3rd Street Promenade, Suite 300
Santa Monica, CA 90401

Who:

Michael Schneider, CEO & Founder – Service

Startup

Michael Schneider is the founder and CEO of Service, a company that gets travelers compensation anytime their flight is delayed or cancelled. The idea for Service was born when Schneider realized that in today’s digital world customers can get almost anything, from a car, food, or a place to stay, on-demand, yet they are still required to waste an irreplaceable asset – their time – dealing with customer service issues. Schneider started small – he tracked down people complaining of flight disruptions on Twitter and offered to help get them compensation. Today, Service handles thousands of claims per month, and is saving the average frequent traveler over $600/year. Prior to Service, Schneider was the co-founder and CEO of Mobile Roadie, one of the world’s most successful mobile app platforms, with clients such as Disney, the World Economic Forum, Madonna and the Rolling Stones. Schneider is active in the Los Angeles tech community, having served on the board of the Young Entrepreneurs Organization, advising the Southern California Entrepreneurship Academy and speaking regularly at his alma mater – the University of Southern California
Fast Facts
● At the age of 15, Schneider founded Video Game Central, where he sold new and used video games online at the advent of the digital age
● A serial entrepreneur, Schneider has been the recipient of numerous awards including the Los Angeles County SBA “Young Entrepreneur of the Year” award, and was named one of the “Top 20 in their 20s” by the Los Angeles Business Journal

Moderator

Matt Swider, Senior Mobile Editor – TechRadar

Startup

Matt Swider is the Senior Mobile Editor of TechRadar.com, covering smartphones, wearables and car tech. He began writing about gadgets when we started his own video game news and reviews website at 14 back in 1999. He holds a Journalism degree from Pennsylvania State University.
Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. For more information, visit www.stubbsalderton.com.

We love tech! We’re unashamedly geeky about it. So we’ll tell you what we think in a fair, unbiased way. That’s what we’re about. We’re able to promise this because TechRadar is the largest UK-based consumer technology news and reviews site (and now rapidly growing in the US and Australia), our editorial independence backed by the weight of technology publisher Future plus objective test data from the TechRadar Labs. Our experienced writers who operate from our offices in London, Bath, San Francisco, New York and Sydney operate under Future’s 20 year old policy of a cast-iron guarantee of editorial independence.

TechRadar will tell you about the coolest new stuff. We’ll work hard to bring you original quotes and exclusive access. We’ll review it more thoroughly and carefully than anyone else. We’ll explain how it works and why you buy it (or not). Then it’s up to you. Add your own comments and opinions. Review gear for yourself. There’s no monopoly on the truth here – tell us what you think. Visit www.techradar.com

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SAM Client Atomico Leads $64M Investment Round in Clutter

Stubbs Alderton & Markiles, LLP client Atomico announced today that it led the $64M investment round in Clutter with Sequoia Capital, Google Ventures (GV) and Fifth Wall.  Clutter is an end-to-end storage company which takes the pain out of cataloging, packing, storing, and returning your items.

 

Stubbs Alderton & Markiles’ attorneys representing Atomico on the deal included Caroline Cherkassky and Kelly Laffey.

Clutter is a tech-enabled storage company that lets you store extra stuff without actually leaving your house. No more getting stuck in traffic just to put away your camping gear, or completely unpacking a storage unit in order to locate a box of family photos. With Clutter, all your stored items are ready to view online, and getting them out of storage is as easy as ordering a pizza. They believe a 5-star experience should be the norm, and that service companies should actually be of service to their customers.

Reps from Atomico stated, “At Atomico we invest in global opportunities where we know that we can help scale a business in specific markets around the world. Our thesis is that great companies now come from everywhere and so we’re always on the move, looking to find the most ambitious entrepreneurs, to help them execute their plans to improve the way we live. One of the places we’ve been spending time recently, and where we see clear momentum around the tech scene, is Los Angeles. And we believe we’ve unearthed a global category leader in LA-headquartered Clutter.”

About Atomico

Atomico invests in disruptive technology companies with ambitious founders from Series A onwards. Our experienced team includes founders and operators from the world’s most successful technology firms who partner with our companies as they scale to become global winners. Founded in 2006, Atomico has made over 80 investments into companies including Supercell, Klarna, Stripe, ofo, Lilium, 6Wunderkinder and The Climate Corporation. Atomico’s team includes founders of six billion dollar companies, and operational leaders who were responsible for global expansion, hiring, user growth and marketing at companies from Skype and Google to Uber, Facebook and Spotify.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

For more information about our Emerging Growth & Venture Capital Practice, contact Caroline Cherkassky at ccherkassky@stubbsalderton.com 

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SAM Encourages You to Attend “ProgressWorks Opportunity Expo”

The ProgressWorks Opportunity Expo at the Disneyland® Resort:

Friday, August 18th from 8:00 am right until after dinner at 11:00 pm.
A VIP Reception on Thursday, August 17th from 5:00 pm – 8:00 pm for Exhibitors, Sponsors and and Speakers only.

ProgressWorks Opportunity Expo

The ProgressWorks Opportunity Expo at the Disneyland® Resort brings together capital sources, investors, public companies, private companies, start-ups, executives, professionals, employers, job seekers, and resource providers together in exhibit hall space at the Disneyland® Resort.

The Expo is a vacation destination event, with special ProgressWorks discounted hotel rooms, park tickets, and more.  Attend or exhibit at The ProgressWorks Opportunity Expo and find new opportunities while enjoying a mini vacation at the world famous Disneyland® Resort.

ProgressWorks is a nonprofit corporation with the mission of facilitating job creation and retention- endeavoring to make an impact across the nation one job at a time. ProgressWorks’ vision is to impact the growth of employment through targeted investment, strategic partnering, and resources that reduce the challenges small businesses face when seeking job creation capital.

Why attend?
  • `Meet with a like-minded peer group of executives and leaders that are disrupting & transforming the industry.
  • Make valuable connections with a dynamic range of companies, service providers, C-level executives, small business owners, and investors.
  • See innovative CEOs pitch their startups through ProgressWorks PitchFest Company Presentations.
  • Learn from industry experts on current hot topics during keynotes and panel sessions.
  • Visit over 75+ companies in the Innovation Showcase, including startups, public companies, and nonprofits.
  • Explore new opportunities and showcase your individual skills and talents to companies seeking new talent.

PitchFest

Showcase inspiring and innovative Public, Growth and Startup Companies.

3-Minute Pitch Contest; 2 Minute Critique.
All pitches will be video recorded and given to the company.
Companies compete from three pools: Startup, Growth, Public.
Each category $10k cash prize for the winner.
Additional prizes for 2nd, 3rd place.
Pitch and meet investors from across the US.

For more information or to apply for the PitchFest click here.

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Three Stubbs Alderton & Markiles’ Attorneys Selected to 2017 Southern California Super Lawyers Rising Stars List

Stubbs Alderton & Markiles, LLP, one of Southern California’s leading business law firms, today announced that three attorneys of the firm have been selected to the 2017 Southern California Super Lawyers Rising Stars list.  SAM Partner Sean Greaney is a returning honoree from 2015 and 2016, while Nick C. Feldman and Ryan Duckett are first time honorees.  Each year, no more than 2.5 percent of the lawyers in the state are selected by the research team at Super Lawyers to receive this honor.

Sean Greaney is Partner of the Firm.  Sean’s practice focuses on corporate transactions, mergers and acquisitions, private equity transactions, and general corporate matters for both public and private clients, focusing on middle-market, emerging growth and development stage companies.  In addition, Sean counsels companies in connection with company formation process, SEC reporting requirements and registrations, federal and state securities laws and compliance, corporate governance issues, joint ventures, employee incentive plans and executive employment agreements.

Ryan Duckett is an associate of the Firm. Ryan’s practice focuses primarily on employment, commercial, intellectual property and entertainment litigation. He has successfully litigated cases for both plaintiffs and defendants with trials and appellate experience that has secured over millions of dollars in jury verdicts for his clients, to arguing California jury instructions that were created by the case he second chaired.  He manages and handles all aspects of civil actions from pre-litigation matters to law & motion to trials, post-trials & appeals.

Nick C. Feldman is an associate of the Firm. Nick’s practice focuses on corporate transactions, including mergers and acquisitions, dispositions, private equity transactions and general corporate matters for both public and private clients, focusing on middle-market and emerging growth companies. In addition, Nick counsels companies in connection with entity formation, corporate governance, federal and state securities laws and compliance, joint ventures, employee incentive plans, executive employment agreements and other executive compensation matters.

Super Lawyers, a Thomson Reuters business, is a rating service of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement. The annual selections are made using a patented multiphase process that includes a statewide survey of lawyers, an independent research evaluation of candidates and peer reviews by practice area. The result is a credible, comprehensive and diverse listing of exceptional attorneys. The Super Lawyers lists are published nationwide in Super Lawyers Magazines and in leading city and regional magazines and newspapers across the country. Super Lawyers Magazines also feature editorial profiles of attorneys who embody excellence in the practice of law. For more information about Super Lawyers, visit SuperLawyers.com

About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property, brand protection and business litigation practice groups focusing on the representation of, among others, venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm. For more information on Stubbs Alderton & Markiles, visit www.stubbsalderton.com 

Press Contact:
Heidi Hubbeling
Director of Marketing
hhubbeling@stubbsalderton.com

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In Case You Missed It! Preccelerator Demo Day Class 5 Pitch Video

What an exciting evening it was!  4 talented entrepreneurs gave their 5 minute pitches to a crowd of over 100 people at the May 18, 2017 Preccelerator Demo Day.  The evening was topped off by the motivating presentation on “Fearless Media” by SAM CREATV Ventures Partner Peter Csathy.  In case you missed it, check out the video!

About the Preccelerator Program
The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks.

For more information about the Preccelerator, contact Heidi Hubbeling, COO at hhubbeling@stubbsalderton.com.

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SAM Partner Kevin DeBré Featured as Guest Lecturer at UCLA

Stubbs Alderton & Markiles’ Partner Kevin DeBré will be featured as a guest lecturer at UCLA’s School of Engineering “Laboratory to Market, Entrepreneurship for Engineers.” The event will be Tuesday May 23rd at the Math and Science Building at UCLA and will discuss a range of topics about legal issues for entrepreneurs. Some of the questions that will be answered are:

  • Do I need a corporation?
  • What is a sole-proprietorship?
  • What is a partnership?
  • What is a corporation?
  • An S-corp?
  • What is a LLC?
  • How does a team divide ownership?
  • What are stock options and who gets them?
  • Where to incorporate and why?

To find out more about Stubbs Alderton & Markiles’ Intellectual Property & Technology Transactions practice contact Kevin DeBré at kdebre@stubbsalderton.com

Kevin D. DKevin DeBré eBré is the chair of the Firm’s Intellectual Property & Technology Transactions Practice Group.  Kevin advises entrepreneurs and companies that use intellectual property to build their businesses.  Kevin has particular expertise in structuring and negotiating technology commercialization and patent licenses, strategic alliances, research and development collaborations, trademark licensing and brand merchandising agreements and manufacturing, distribution and marketing arrangements.  He also counsels clients on compliance with data security and privacy laws and regulations.

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SAM Client Sofie Biosciences to Acquire Zevacor Pharma

Sofie BiosciencesStubbs Alderton & Markiles’ client Sofie Biosciences, Inc, a developer of molecular imaging diagnostics and technologies to empower widespread access to Positron Emission Tomography (PET), announced last week that it has entered into a definitive agreement under which it will purchase Zevacor Pharma (previously IBA Molecular North America) and its high performance manufacturing and distribution network of PET imaging diagnostics and radio-therapeutics.

To read the full press release click here.

About Sofie Biosciences
SOFIE is a molecular imaging company combining new PET imaging diagnostics with innovative imaging and synthesis systems to provide researchers and physicians with tools to better investigate the biology of disease. By empowering a wide array of people with valuable, translational imaging tools, SOFIE is making PET scans more accessible. www.sofiebio.com

To find out more about Stubbs Alderton & Markiles’ Intellectual Property & Technology Transactions practice contact Kevin DeBré at kdebre@stubbsalderton.com

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