On October 23, 2014, the Secretary of the Department of Health and Human Services announced the "Transforming Clinical Practice Initiative." The Initiative is intended to foster large-scale delivery system transformation by leveraging providers who have proven success...
PLDO Law Blog
Month: October 2014
Are You Covered? Health Insurance Open Enrollment Period Starts Nov. 15, 2014
Per the Affordable Care Act, individuals must have health insurance coverage in 2015 or pay a penalty to the IRS of either 2% of income, or $325 per adult ($162.50 per child) - whichever is higher. Middle-income people who are not eligible for coverage through their...
Stock Fraud “Pump and Dump” Schemes Don’t Just Happen in the Movies
The critically acclaimed movie, "The Wolf of Wall Street," directed by Martin scorsese and released in 2013, recounted the story of a former stockbroker convicted of fraud crimes related to stock market manipulation as part of a penny stock scam. Leonardo DiCaprio...
GOVERNOR MCKEE MAKES LONG-AWAITED ANNOUNCEMENT OF RHODE ISLAND CANNABIS CONTROL COMMISSION NOMINATIONS
After much anticipation, Rhode Island Governor Daniel McKee made a move critical to advancing the state’s cannabis legalization efforts by naming his appointments to the new Cannabis Control Commission (“CCC”). The announcement of Kimberly Ahern, the Governor’s...
FIRST CIRCUIT EXPLAINS FLSA OVERTIME REQUIREMENTS FOR ADMINISTRATIVE EMPLOYEES
It is well settled that the Fair Labor Standards Act (“FLSA”) requires employers to pay certain employees overtime pay at one and one-half times the employees’ regular rate. 29 U.S.C.S. §207(a). However, certain employees are exempt from this overtime requirement,...
EXECUTING A CAREFULLY DRAFTED CONFIDENTIALITY AGREEMENT IN AN M&A TRANSACTION
The execution of a confidentiality agreement - or what is also referred to as non-disclosure agreement (NDA) - is typically the first official stage of any merger or acquisition. Prior to this stage, a general discussion may have already occurred, and relevant...
THE IMPORTANCE OF CONDITIONS PRECEDENT IN LICENSING, PERMITTING AND PURCHASE AGREEMENTS
A condition precedent is a condition in a contract that must occur before another party is required to perform. In purchase and sale agreements, there are often several conditions precedent that must be satisfied before a party is required to close. Particularly, in...
REMOTE WORKERS IN RHODE ISLAND: STATE REGS MAY CREATE PERSONAL JURISDICTION IN RHODE ISLAND COURTS
The United States District Court for the District of Rhode Island recently held that it had personal jurisdiction over an out-of-state employer, despite the fact that the employer only had one remote employee who worked in Rhode Island. That employee—who was also the...
