SEC Seeks to Ban Waivers of Whistleblower Rights in Severance Agreements

Two weeks ago, as many were enjoying their summer vacation, the Securities and Exchange Commission exacted a $340,000 penalty from a company called Health Net Inc. Why? Because in firing employees and asking them to sign termination agreements, in order for the departing employee to get severance and other benefits, the company insisted that they

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Judge: Feds Can’t Prosecute those Following State Cannabis Laws

In a very meaningful new case, as discussed in more detail on our law firm’s health care blog at http://bit.ly/2b4m508, a federal appeals judge said the US Government cannot use federal money to prosecute those who are complying with state cannabis laws, even if it violates federal law to do so. Why is this? Because in September 2015

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Autonomous Cars: The Buggy Whip Moment for the Auto Industry is Here

It may just be as important a development as the first mass production of cars by the Ford Motor Company in the 1920s. That same company, Ford, announced yesterday it will build a fleet of driverless cars for ride sharing or ride-hailing by 2021. That was news enough. They also said the cars will have no

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DEA Denies Cannabis Schedule Change, Enhances Research

In what is mostly a blow to the burgeoning legal marijuana industry, the Drug Enforcement Administration decided not to remove marijuana from the list of Schedule I drugs under the Controlled Substances Act, continuing to deem it as dangerous as heroin and LSD. Meanwhile, other very addictive drugs like oxycodone and methamphetamine are listed lower

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$19 Trillion Case Against Google Tossed

That’s not a typo. Colin O’Kroley of Cincinnati sued Google for $19 trillion. He claimed the search engine wrongfully suggested he was involved in criminal activity. According to the ABA Tech Journal, a search for O’Kroley’s name brings up something called “Texas Advance Sheet” which reads “indecency …in Trial Court Cause N…Colin O’Kroley v. Pringle.” When one

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Judge: Bitcoin is Not Money… For Now

You can’t be guilty of money laundering if no money is involved. That’s what Miami Judge Teresa Mary Pooler ruled earlier this week. Poor Michell Espinoza, a seller of cryptocurrency Bitcoin, was the subject of a sting by the Secret Service and Miami Beach Police. The cops told Espinoza they wanted to buy Bitcoin to purchase

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Getting the Reg A Beat Right!

Several recent articles are suggesting that “the jury is still out” on whether Regulation A+ will indeed usher in a new era of small, cost-effective IPOs. We all knew there would be, as my late sailor father used to say, a shakedown cruise as with anything new. We try some things, some work and some

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Twinkie Maker Going Public with SPAC Merger

Hostess Brands LLC, which makes the iconic Twinkies, cupcakes, Ding Dongs and others, is going public by merging with a public “shell” vehicle known as a special purpose acquisition company, or SPAC. Current owners Apollo Global Management and others will give up control but retain about 42% ownership, according to the PIPEs Report. Add this to

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Millennials Flocking to Entrepreneurship

A few months ago, a BNP Paribas study, reported on by Fortune, confirmed what many of us have been seeing for the last 3-5 years. The millennials, those aged around 20-35, are starting their own businesses at a dramatically higher rate and younger age than their baby boomer parents over 50 (read: yrs truly). Advancing

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