News & Publications

Lease Clauses Often Overlooked by Tenants

When entering into a new lease, tenants often rightly focus on the basic terms of the lease: rent, duration, renewals, tenant improvements, etc. However, several provisions, some of which are often characterized as “standard” or “boilerplate,” can pose a trap for an inexperienced tenant. It is the job of a good real estate lawyer to alert clients...

New York City Sick Time Law

New York City has enacted a new law which became effective on April 1, 2014: the New York Earned Sick Time Act. Under the law, New York City employees are now entitled to take sick time off as follows: Employees hired to work more than 80 hours per calendar year are entitled to 1 hour of sick time for every 30 hours worked, up to a maximum of 40 hours of...

SWA advises Confie Seguros on Insurance Brokerage Acquisitions

SWA recently advised Confie Seguros, a rapidly growing national provider of personal lines insurance, on their acquisition of Texas-based Ida Tunnell Insurance – the sixth acquisition on which SWA has advised Confie Seguros. Established in 2008, Confie Seguros is a leading, California-based national insurance distribution company operating in 17 states...

SWA advises Green Smoke Inc on Tax and Employee Benefits Issues for their Sale to Altria

SWA advised Green Smoke Inc. and its affiliates on the executive compensation, employee benefits  and tax aspects of the sale of their E-vapor business to Nu Mark LLC , a subsidiary of Altria (NYSE:MO) for approximately $110 million in cash, subject to closing adjustments, and up to $20 million in incentive payments. Green Smoke was founded in 2008 and...

SWA advises LionBird on the formation and successful fund-raising of LionBird I, L.P.

SWA advised on the formation and successful fund-raising of LionBird I, L.P., an Israel-based early-stage investment fund focusing on promising startups utilizing technology that brings online tools to meaningfully improve traditional offline industries. The fund disclosed that it expects to partner with 20-25 startups, making initial investments ranging...

Schwell Wimpfheimer & Associates hires Richard Levitan as Of Counsel

SWA is delighted to welcome Richard Levitan to the firm as Of Counsel in the corporate and real estate practice groups.  He previously spent eight years as General Counsel of Asbury Partners, LLC, an iStar Financial (NYSE: STAR), and prior to that he was Assistant General Counsel, Corporate and Real Estate at International Specialty Products, Inc.  During...