We have successfully defended our clients against roughly $26 million in ACA employer mandate penalties, which relate to the ACA mandate that requires employers with 50 or more full-time employees to offer minimum essential health coverage to those employees (and their children up to age 26) or be subject to penalties.
Successful Defense of Clients in $26 Million of ACA Employer Mandate Penalties
Client Type: Private Company
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Lead Counsel to POINT Biopharma Inc. in connection with its proposed SPAC business combination with Therapeutics Acquisition Corp. d/b/a Research Alliance Corp. I (Nasdaq: RACA), a special purpose acquisition company, sponsored by RA Capital Management. Upon closing, the combined company will be named POINT Biopharma Global Inc. and is expected to be listed on Nasdaq under the ticker symbol “PNT”.
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We represented Tractor Supply Company (Nasdaq: TSCO) in their agreement to acquire Orscheln Farm and Home, a family-owned farm and ranch retailer.
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Represented a civil engineering company in establishing an ESOP, successfully acquiring 49% of the company in a leveraged transaction in the amount of $6.6 million