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PBN on WJAR-TV, July 15, 2019

States line up to sue opioid makers, but there’s no guarantee of a windfall or agreement on how to spend one.Every week, PBN Editor...
MONIQUE N. BRADY has pleaded guilty in U.S. District Court to a $10 million Ponzi scheme fraud involving foreclosed properties and homes for resale. / PBN FILE PHOTO

$10M Ponzi scheme leader pleads guilty

PROVIDENCE – Monique N. Brady pleaded guilty to charges related to a $10 million Ponzi scheme fraud in U.S. District Court in Providence Thursday,...
THE GENERAL ASSEMBLY passed a bill that alters the Hospital Conversions Act to extend review of hospital acquisitions. / PBN FILE PHOTO/NICOLE DOTZENROD

General Assembly passes changes to strengthen Hospital Conversion Act

PROVIDENCE – A bill passed by the General Assembly over the weekend amends the Hospital Conversions Act to increase oversight time for hospital conversions...

College intern sentenced to five years for tech-support fraud

PROVIDENCE – Bishwajeet Kumar Jha, 21, a college intern from India who led a “tech support” scheme to defraud elderly individuals of their retirement...
A JUDGE HAS cleared Peter M. Cannava, Wells Fargo lead banker on the $75 million in bonds for the video game company 38 Studios, of all charges related to an SEC complaint arguing that the R.I. Economic Development Corp. (predecessor to the R.I. Commerce Corp.), EDC officials, Wells Fargo and Cannava defrauded investors in the issuance of the bonds. Cannava was the only defendant not to settle with the SEC.

Judge rules in favor of Wells Fargo banker in 38 Studios...

PROVIDENCE – Peter M. Cannava, the lead banker on the bonds for 38 Studios at Wells Fargo, has had claims alleging that he aided...
A FEDERAL JUDGE issued preliminary approval to a settlement between the St. Joseph Health Services of Rhode Island Retirement Plan and CharterCARE Community Board, St. Joseph Health Services of Rhode Island and Roger Williams Hospital. Attorney Stephen Del Sesto is the court-appointed receiver for the St. Joseph pension plan. / PBN FILE PHOTO/MICHAEL SALERNO

St. Joseph pension plan $12M settlement with some defendants get preliminary...

PROVIDENCE – A settlement between Stephen Del Sesto, receiver and administrator of the St. Joseph Health Services of Rhode Island Retirement plan, and CharterCARE...
THE R.I. SUPREME COURT affirmed a decision that upheld Cranston Mayor Allan W. Fung's pension reforms for public safety workers. The city had settled with most members of the pension plan, but a group of pension members opted out and continued litigation against the city. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. Supreme Court sides with Cranston over public safety retirees in...

PROVIDENCE – The R.I. Supreme Court ruled in favor of Cranston in a long-standing legal battle over frozen pension benefits filed by a group...
SOUTHERN SKY RENEWABLE ENERGY RHODE ISLAND has been sued by Southern Sky Renewable Energy in federal court. From left, North Providence Chief of Staff Richard Fossa; North Providence Town Council President Dino Autiello; Senate President Dominick J. Ruggerio; Gov. Gina M. Raimondo; North Providence Mayor Charles Lombardi; Southern Sky President Ralph A. Palumbo and Southern Sky Vice President Lindsay McGovern in front of a Southern Sky Renewable Energy Rhode Island solar array in North Providence in October. / COURTESY SOUTHERN SKY RENEWABLE ENERGY RHODE ISLAND

Former Mass. partners sue R.I. solar developer Southern Sky

PROVIDENCE – A lawsuit has been filed in U.S. District Court for the District of Rhode Island against Southern Sky Renewable Energy Rhode Island...
BENDING BUT MAYBE BROKE: Rhodes Technologies in Coventry – along with parent Purdue Pharma – was the location of a February protest against its role in the opioid crisis, which was represented by a large spoon.  / COURTESY THE OPIOID SPOON PROJECT

Resolution for Rhodes, Purdue could take a while

This could be the year of reckoning for pharmaceutical companies over their sales and promotion of opiate painkillers, including a Rhode Island-based drug manufacturer...
ATTORNEY STEPHEN DEL SESTO has applied to have the the St. Joseph's pension plan subject to the Employee Retirement Income Security Act. The plan previously had been exempt as a "Church Plan." He and the plan are awaiting a decision on the application. / PBN FILE PHOTO/MICHAEL SALERNO

St. Joseph’s receiver tries to gain federal pension guarantee in unprecedented...

PROVIDENCE – The receiver for the St. Joseph’s Retirement Benefit Fund, Stephen Del Sesto, a partner at Pierce Atwood LLC, has applied to have...
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