Dawn broke a cheery red, vanquishing the shadows on Mohegan bluffs. Bull rakers were out in a placid Greenwich Cove. Yellow school buses, noisy with the exuberance of third graders, wound their way through the streets of Cumberland. RISD and Johnson & Wales students explored new food ideas. The commute on Route 95 slowed at...
Client AlertsEmployment & LaborDepartment of Labor Issues Final Changes to the Overtime Law
May 19, 2016
By Alicia J. Samolis and Michael A. Gamboli After announcing preliminary proposed rulings in June of 2015, and then receiving over 270,000 comments, the Department announced its Final Rule and final revisions to the Act on May 18, 2016 . Most importantly: The revisions go into effect on December 1, 2016. The minimum salary needed...
Client AlertsDo Go Chasing Waterfalls
May 11, 2016
C corporation taxpayers have their work cut out for them. New rules provide a fifty-two page guide on how to compute Rhode Island apportionment (or the slice of total income Rhode Island is able to tax), and require familiarity with several different “waterfall” methodologies. Apportionment is now entirely based on sales, and the rules have significantly changed...
You’ve been waiting more than four years since Congress passed the JOBS Act to use equity crowdfunding to raise capital for your company. On May 16, 2016, the SEC’s final crowdfunding rules under the Securities Act of 1933 finally go into effect (“Regulation Crowdfunding”). You’re now ready to take advantage of the new rules and raise...
There has been a fair amount of buzz in the days after Prince’s death about his estate plan, whether he has a Will, whether he did or did not do any planning. Time will see this out. Prince’s heirs at law appear at this time to include his sister, Tyka Nelson, who filed a petition...
SAFE stands for “Simple Agreement for Future Equity” and is a creation of the ubiquitous start-up accelerator, Y Combinator. SAFEs look like convertible notes, but have some material differences that you should understand. How does a SAFE work? Much like a convertible note, a SAFE is an instrument that gives an investor a right to...
By Alicia J. Samolis As seen in the May 4, 2016 edition of Law 360. The final rule implementing Executive Order 13665 (the Pay Transparency Act) went into effect on Jan. 11, 2016. The act prohibits employers from requiring their employees to keep their compensation confidential. Under the new rule, covered employers also can no longer...
Client AlertsCorporate & BusinessOnline Contracts: We May Modify These Terms at Any Time, Right?
May 4, 2016
Every time you visit a website to read the news, use a social media account, or buy a pair of shoes, you are binding yourself to online contractual terms. Courts routinely uphold those terms when a website user is required to click an “I agree” button signifying assent to those terms, and often uphold them,...
On April 20, Partridge Snow & Hahn partner, Michael Gamboli, was quoted in a RI Lawyers Weekly article titled “Employer can’t enforce non-compete vs. doctor.” The article details a Superior Court Judge’s decision to not allow a health care provider to enforce a non-competition agreement with a physician who left to work elsewhere. Subscribers of the publication...
Did Led Zeppelin copy the opening of its iconic song “Stairway to Heaven” from a lesser-known band? A jury in California will decide in May whether the song copied elements of “Taurus,” a 1967 instrumental track from the band Spirit. Written in 1971, “Stairway to Heaven” is arguably the best known rock song of all...
