PLDO Law Blog

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SEC Adopts a New Definition of “Accredited Investor”

SEC Adopts a New Definition of “Accredited Investor”

On August 26, 2020, the Securities and Exchange Commission (the “SEC”) adopted amendments to the definition of “accredited investor.” The amendments permit investors to qualify as accredited investors based upon additional criteria focused on financial sophistication,...

Cautionary Insight Regarding Bonuses and The Wage Act

Cautionary Insight Regarding Bonuses and The Wage Act

Massachusetts and Rhode Island are among those states that have enacted a Wage Act, under which employees who receive less than their full compensation due can sue for treble damages. In fact, in Massachusetts, a Wage Act violation leads to mandatory treble damages....

WITHHOLDING THAT EMPLOYEE BONUS CAN BE COSTLY

The law regarding an employer’s obligation to pay contractual bonus amounts received significant clarification in a recent Rhode Island case. Why this is important is that Wage Act violations are subject to mandatory double damages plus attorneys’ fees, and can even...

WHAT’S IN A NAME?

Nonprofit organizations sometimes find that changing missions or a desire for a more updated image fosters consideration of a change in the entity’s name. There are two options if you wish to alter your nonprofit’s name. The nonprofit can legally change its name by...