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Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

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Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

What is a reverse merger shell

SEC describes the reverse merger shell company as a company with no existing operations. The company can either have no actual assets or have assets but only in cash. This type of company is required to register under the Securities Exchange Act of 1933 or the Securities Exchange of 1934. Often used as a fundraising mechanism, companies usually are weighing the option of going public.
What is it?
A reverse merger occurs when controlling interest of a private company is shifted to a public company. The process involves a public company serving as a shell to the private company. Eventually, the private company assumes the identity of the shell company.
What’s required for a reverse merger to happen?
The SEC requires that the smaller company change its name prior to the merger happening. The name of the company acting as the shell must be changed to the private company’s name. The symbol for the shell company is also changed to reflect its new identity. Shares must then be issued to give the new owner controlling interest in the company. An information statement is filed within two weeks of the scheduled closing. The statement, called the 8-K, discloses information on the new leadership, the distribution of the stocks, and audits. Once the reverse merger is complete, the leadership from the private company steps down.
Why would a private company be interested in this?
This option is an attractive option for a private company. This is because the private company desires to go public. The company has the opportunity to be traded publicly on the exchange with its new trade symbol. Availability of the stock on the exchange provides liquidity for the newly formed company, which gives it greater access to cash for use. Those who previously own the company have the option of dumping their shares. The company even has the option of creating more stock through secondary offerings if desired. The stockholders that have the privilege to buy more stock at a set price, and this gives the company greater access to additional capital.
How is value affected?
The value of the stock can either decrease or increase. If investors elect to sell their shares after the merger is complete, then the value will decrease. There may be a lack of confidence in the company or a failure to handle fiduciary matters in a satisfactory manner that is motivating the investors to sell their shares. Low demand for the stock reduces the value of the company’s shares. The private company can preserve the value of their company’s shares by preventing investors from being able to sell their shares before a certain date. In restricting this activity, the stock value cannot dip below a certain level, and investors feel confident in the company. This increase demand in the investor stock.
How long does it take?
Completing the reverse merger process can take up to four months. In some cases, the entire process can be completed in just a few short weeks. The size of the company can impact the speed of the process. If the structure of the company is complex, the process could take longer to complete.
The reverse merger process requires a shell company and a private company to take place. Once the shell company and the private company merge, the newly formed public company has more liquidity and controlling interest in the new entity. A new trade symbol is assigned to the new company. The company’s old leadership is removed and replaced by newly appointed leadership. If the new company can raise the money it needs to remain competitive, then it will remain in business.
What is a reverse merger shell
The reverse merger is a process where a smaller company acquires a larger company. The private company merges with the shell company in order to achieve liquidity. Once the merger process is completed, the new company operates as the private company did prior to the merger.
Why companies go public
There are opportunities for expansion that are more difficult to achieve without broad access to capital. A reverse merger gives the company the opportunity to increase liquidity and further expansion efforts. A private company that goes public has improved liquidity and more access to capital. These things make expansion easier to accomplish.
What is a reverse merger shell?
The reverse merger shell is the public company that is acquired by the private company. This shell company is usually inactive and has limited operational activities. The public company is usually recommended by a broker. It can even be discreetly advertised in a publication. The shell company can have a stellar history or have a mixed history. Once the reverse shell is identified, it is audited and researched to ensure that is the proper fit for the merger.
What happens to the shares after the merger is complete?
There are several outcomes for shares once the merge is complete. The private company may trade its shares in exchange for shares of the shell company. Investors of the private company can choose to liquidate their shares if they have decided to discontinue involvement with the new public company. There are scenarios where the shares have to be canceled in order to complete the reverse merger transaction. The number of shares may have to be reduced to raise the value of the shares.
What are some of the issues that arise during a reverse merger?
There are issues that can occur with any type of merger. Investors can prematurely dump their shares and decrease the overall value of the shares. The company can also receive a lukewarm response once it has been introduced to the public. This response may mean it is difficult for companies to attract investors because of the means used for the company to go public. Additionally, the company may have liabilities it could be responsible for if the shell company wasn’t properly vetted. The liabilities from the shell company then become the responsibility of the private company.
How do companies choose a shell?
A shell company should be thoroughly researched prior to selection. Brokers often help guide the selection process. During the research process, the company is evaluating the shell to make sure that it has a successful track record. For example, the company should have consecutive years of millions in revenue posted. The financial track record of the company is one of the single most important factors used in evaluating a shell company.
How long does the process take?
The entire process can be completed in a matter of months. In some scenarios, a reverse merger can be completed in several weeks. Simple mergers can be completed in only 30 days. The company doesn’t have to worry about raising capital to aid in going public, so the process takes less time to complete. There isn’t as much time put into creating value for the stock in comparison to the IPO process. This is another factor that reduces the time it takes to make a company public.
Leadership during transition
The leadership from the public company usually changes during the merger. The leadership from the private company replaces the old management team at the shell company when the merger occurs. In the Form 8-K, the new leadership is outlined.
The reverse merger can be completed in several weeks. Carefully vetted shell companies reduce risks for the private company pursuing a merger. Once the merger is complete and all of the necessary paperwork is filed, the company’s stock can now be traded publicly on the exchange.

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Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

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