On February 26, 2015 New York City Council passed legislation requiring annual reports on the amount of goods and services the city purchases from worker-controlled businesses and aiming to reduce barriers for worker cooperatives to participate in city procurement.
New York State has enacted a bill (5349A [PDF]) creating a special commission to report on how the state can encourage employee ownership through worker cooperatives and majority ESOPs where employees elect the pl
The Circuit Court for the Second District of New York continues to be a tough place to plead a stock drop case. In May in In re Citigroup, it ruled that the heightened pleading standards under the Fifth Third Bancorp v.
New York has traditionally been a state where it is difficult to operate as a majority ESOP-owned engineering, architectural, landscape architectural, or land survey firm.
The Office of the New York State Comptroller recently released a report “Employee Ownership of Businesses in New York State” outlining the most common forms of employee ownership, t
Craig Foss, the Commerce Minister of New Zealand, announced in March that the government would simplify employee disclosure requirements for companies offering employee ownership plans.
