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
Pannone Lopes Devereaux OGara LLC
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...
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...
