We congratulate our client, OneMedNet Corporation, on the announcement of their de-SPAC transaction with Data Knights Acquisition Corp. The transaction will result in a newly combined company named OneMedNet. Upon closing, OneMedNet will continue to be led by its CEO, Mr. Paul Casey, a 40-year public company veteran with a proven track record driving value…

Stock awards are a common and valuable compensation tool for companies to recruit and incentivize key service providers, such as employees, non-employee board members, and independent contractors.  Many companies adopt stock incentive programs for these purposes  featuring several types of awards, including stock options, restricted stock, and restricted stock units (“RSUs”). There are many factors…

The global pandemic raises a host of concerns for businesses and the executives they employ. Health and staffing issues are paramount but executives are particularly concerned about their job tenure and their compensation and companies have heightened concern about their viability. The typical tension between the interests of the parties is exacerbated by the current economic environment. Because of economic circumstances, the renewed focus will be placed on three…

On Friday, March 27, the president signed historic legislation that temporarily expands the ability of individuals to access their retirement accounts during the pandemic. The bill waives the 10% early withdrawal penalty for individuals who withdraw up to $100,000 from qualified retirement accounts, including retirement plans and IRAs as a consequence of the coronavirus. Those who may…

In a June 22 article titled “Social Investing and ERISA Plans: The Context is Significant,” Rimon’s Thomas White analyzed a recent DOL Field Assistance Bulletin to guide fiduciaries of ERISA plans who are considering investment in environmental, social and governance (ESG) funds. Click here to view the article. PLANSPONSOR subscribers can read the article at  https://www.plansponsor.com/exclusives/social-investing-erisa-plans-context-significant/ Thomas…

Seven Rimon attorneys, along with 22 other legal professionals in corporate law, information and records management, cyber terrorism, defamation, international law, ethics and social media, have united their knowledge and broad expertise to create an indispensable tool for attorneys and their daily work. This new handbook deals with social media law and related governance and…

If a plan investment in a vehicle is not covered by the plan asset regulation, is a person who recommends that investment a fiduciary to ERISA plans? Read more here This clarification is a supplement of Mr. White’s previous article: DOL’s New Fiduciary Definition and the Marketing of Hedge Funds The Department of Labor has adopted a…

The Department of Labor has adopted a modified definition of what investment advice makes a person an ERISA fiduciary.  The new definition is broader than the one it replaces and hedge fund managers need to be aware of the new running rules when they market their funds if fiduciary status is to be avoided. Learn…

It is common for employers to ask job applicants about their current compensation before extending an offer of employment.  Critics of this practice contend that because women and minority males are often paid less than white men obtaining this information from applicants perpetuates income disparity.  A number of jurisdictions have banned asking this question-and New…

In this Law360 Op-ed, Rimon’s Thomas White and Michael Moradzadeh argue that law firm management has a particularly critical task: managing the magnitude and longevity of firm assets and liabilities. The firm that fails to balance these factors skillfully may find it difficult to attract and retain talent. “Many commentators have noted that the pace of change…