Waking up for the workday, you walk into the kitchen to see a fresh cup of coffee that has been programmed to brew based on your phone's alarm clock. Your MP3 player automatically starts playing some smooth jazz, after having learned that when you wake up this early,...
PLDO Law Blog
Month: July 2015
Prepare Now for Sweeping Changes to Rhode Island’s Identity Protection Law
On June 26, 2015, Rhode Island Governor Gina Raimondo signed the "Rhode Island Identity Theft Protection Act of 2015" ("Act"), substantially reworking Rhode Island's 2005 data breach and identity protection laws. Although it does not formally take effect until June of...
SCOTUS Saves the Affordable Care Act Again – Tax Credits Available on All Exchanges
On June 25, 2015, the Supreme Court of the United States (SCOTUS) decided that tax credits will be made available to individuals who purchase health insurance coverage on both federal and state exchanges (on-line marketplaces where people compare and purchase...
CMS Releases Proposed Rule on Modernizing Medicaid
On May 27, 2015, the Centers for Medicare & Medicaid Services ("CMS") released a proposed rule that would "modernize the Medicaid managed care regulations to reflect changes in the usage of managed care delivery systems." The first major update to Medicaid managed...
LAST MINUTE CHANGE TO RI ADULT USE CANNABIS LEGISLATION BENEFITS LICENSED CULTIVATORS
Rhode Island appears to be on a definitive track towards legalization of cannabis and establishing a framework for its adult use industry. More than 15 years after establishing its medical marijuana program and, following years of on-and-off momentum, the Rhode Island...
THE TREES CAN STAY (FOR NOW) – A LESSON ON WRIT OF MANDAMUS
In a recently published opinion, the Rhode Island Supreme Court addressed when it is and is not appropriate for the court to grant the issuance of a writ of mandamus. A writ of mandamus is used to compel the performance of an act by a public officer. In the case...
DIRECTED TRUSTS PROVIDE FLEXIBILITY FOR THE CLOSELY-HELD BUSINESS OWNER
In July 2021, Florida adopted the new Florida Uniform Directed Trust Act (“FUDTA”). Modern directed trusts are one of the best vehicles to provide intergenerational wealth preservation and flexibility. Historically, all the functions of a trustee have been handled by...
NUTS & BOLTS OF A ROLL-UP STRATEGY IN BUSINESS ACQUISITIONS
In a roll-up strategy, the buyer—usually a private equity fund—identifies a highly fragmented industry, which is a situation where multiple companies compete, and there is no single or small group of companies that dominates that specific industry. Subsequently, the...
THE SAFE BANKING ACT: WILL 2022 OPEN THE DOOR FOR CANNABIS BUSINESSES TO ACCESS COMMERCIAL BANKING?
Lawful cannabis businesses in the United States have historically and predominately relied on private funding to establish and prop up their operations until they can sustain themselves as revenue-driven enterprises. This is because cannabis remains illegal under...
