PS&H employment partner and Chair of the Labor & Employment Group, Alicia Samolis, provided comment to RI Lawyers Weekly on the recent 1st U.S. Circuit Court of Appeals decision in Bonilla-Ramirez v. MVM, Inc., et al. The Court’s decision upheld the termination of an employee of a private security company providing services to U.S. Immigration and...
PS&H Partner, Jack Partridge spoke at the Providence Art Club’s Artist Night meeting on Wednesday, September 26th. Jack spoke to the membership and guests with respect to issues relating to artists, their work, and estate planning. Jack has many artists as clients, and has faced a number of their issues with regard to inventory of work and how best to...
The Tax Cuts and Jobs Act signed into law late last year created a tax incentive aimed at increasing economic development in low-income communities. Both real estate developers and investors can benefit from the new Opportunity Zone tax incentive program enacted as part of that legislation, presenting the opportunity for significant tax savings. Developers and...
PS&H employment partner and Chair of the Employment & Labor Group, Alicia Samolis, provided comment to RI Lawyers Weekly on the recent 1st U.S. Circuit Court of Appeals decision in Richard v. Regional School Unit 57. In a split decision, the Court upheld the lower court judge’s decision, after a bench trial, that the teacher’s termination was not...
By Eugene G. Bernardo II and David M. DiSegna Paragraph (b)(5) of Rule 15c2-12 (17 C.F.R. 240.15c2-12) prohibits a participating underwriter from purchasing or selling municipal securities in an offering unless it has reasonably determined that an issuer or obligated person of the municipal securities has undertaken in a continuing disclosure agreement to provide certain...
Companies that close a venture capital financing usually have multiple investors. Customarily, there will be a venture capital firm or other institutional investor that leads the investment round by investing the most money (referred to as the Lead Investor) and other investors that follow on with smaller investment amounts (referred to as the Follow-On Investors). The Follow-On Investors could...
PS&H Partner Paul Kessimian, Chair of the firm’s Litigation Practice Group, shared his thoughts with RI Lawyers Weekly on the recent adoption of deposition conduct standards by U.S. District Court Judge John J. McConnell Jr. In the case of Soares v. Prospect CharterCARE SJHSRI, LLC, et al., Judge McConnell found that the rules of conduct, established 25 years...
By Alicia J. Samolis On Friday, Governor Charlie Baker signed into law An Act (the “Act”) relative to the judicial enforcement of noncompetition agreements that fundamentally changes the way noncompetition agreements are regulated in Massachusetts. The Act severely limits the use of agreements signed after October 1, 2018 which restrict an employee’s or independent contractor’s ability to...
By Russell J. Stein Overview On Wednesday August 8, 2018, the IRS issued proposed regulations under Section 199A of the Income Tax Code (the “Proposed Regulations”) governing the new 20 percent deduction from income from certain pass-through entities enacted as part of the Tax Cuts and Jobs Act of 2017. The Proposed Regulations add some...
The concept of voluntarily restructuring solvent insurers has been met with some skepticism in the United States. Sure novating and commutating policies of insolvent insurers have been, at times, necessary, but legally novating (replacing one insurer with another) policies of a solvent insurer? The purpose behind voluntarily restructuring is self-evident: to use otherwise tied-up capital...
