There was a time when law firms could rely on their well-trained staff to file pleadings with courts simply by affixing a stamp and sealing an envelope. That time has passed. Mandatory “e-filing” for law firms has ushered in a new era where point and click dominate. To those seasoned practitioners who spent their early…
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SB 790 – California Proposed Legislation on Pharmaceutical Gifts to Health Providers
Legislative Status: The California Senate passed SB 790 and it is now before the California Assembly Committee on Health (next hearing is June 27, 2017), having been amended by the Assembly on June 13, 2017. If adopted by the Assembly with amendments from the version passed by the Senate, the Senate will then have to…
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Valuing Employee Equity
As business lawyers, we frequently get questions from our clients about types of equity incentives and valuing equity: Can an employee have options granted at $0.01? Can we give “free” stock to a new executive? The short answer is that yes, a company can do either of those things. However, because of often-overlooked tax consequences, your new executive or employee is…
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Defined Terms? Fuhgeddaboudit!
In September 2016, the Oxford English Dictionary (“OED”) added the word “fuhgeddaboudit”, among others, as part of its quarterly update. The term is defined as: “In representations of regional speech (associated especially with New York and New Jersey): ‘forget about it’, used to indicate that a suggested scenario is unlikely or undesirable.” However, anyone who…
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