On November 21, 2014, the Republican-controlled House of Representatives filed a lawsuit against the Department of Health and Human Services and the Department of Treasury and both Departments' Secretaries, in their official capacity. The lawsuit alleges that the...
PLDO Law Blog
Month: November 2014
Navigating Equity Financing for Privately Held Companies
It is a rare company indeed that is able to start a business and grow it to a profitable enterprise solely on the basis of cash generated from operations. The vast majority of companies require some form of outside financing. That leaves two alternatives: (i) the...
Protect Your Personal and Business Digital Assets: New Law Aims to Help
When your life flashes before your eyes moments before you die, you likely won't be thinking about your tweet count, your Farmville assets, your Bitcoins, your iTunes play-lists, or how many "likes" your last status update received. However, a new law is aimed at...
“Fixing Veterans Health Care”
While we pay respect and gratitude to our nation's veterans we are also reminded that many veterans are not receiving the timely and quality health care that they deserve. "Concerned Veterans for America" is an organization that is attacking this issue by convening...
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...
THE BENEFIT OF PASS-THROUGH ENTITIES
Why do pass-through entities such as LLCs taxed as partnerships remain the entity of choice for most closely held businesses? The primary benefit of operating a business through a pass-through entity, such as an LLC taxed as a partnership, is that the income generated...
APPLE’S CONCERNING NEW TEXT MESSAGE FEATURE
Apple recently released iOS16 for the iPhone. This newest release allows iPhone users running iOS16 to edit and unsend text messages sent between other iOS16 users. While this may be welcome news for those of us who make embarrassing typos or otherwise hit the send...
