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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...
CONDO CONVERSIONS: Tom Knight, left, concierge at the 903 Residences at Providence Place, delivers a package to General Manager Walter Pastor. For the past six months, rental units at the residential building in Providence have been going through a conversion to condos, with nearly 40 sold so far.  
 / PBN PHOTO/MICHAEL SALERNO

903 Residences apartments undergoing conversion to condos

Timing is everything in real estate, and sometimes it isn’t on the developer’s side.The 903 Residences at Providence Place, which opened as apartments in...

Is a ransomware attack a reportable data breach?

Ransomware involves the denial of access to a user’s data; often, a hacker encrypts an organization’s data with a key known only to the...
TEN LAW FIRMS with local practices received national recognition in the U.S. News & World Report's 2019 Best Law Firms rankings. / COURTESY U.S. NEWS & WORLD REPORT

10 law firms with R.I. operations ranked nationally by U.S. News

PROVIDENCE – Ten law firms with operations in Rhode Island received national rankings in the 2019 U.S. News & World Report Best Law Firms rankings...

Learn R.I.’s usury law

Several recent cases, including one filed against a prominent Providence law firm, have centered upon violations of Rhode Island usury law. That law is...

Tips for smooth business sales

As sales of businesses and their associated valuations are at near all-time highs, many business owners are looking to cash out. Many small- to...

How R.I. employers can assist in combating opioid crisis

Employers, especially in the health care industry, continue to grapple with how to provide support to employees, clients, patients and family members suffering from...
TALKING SHOP: John Lombari, right, sold his manufacturing company, R.I. Carbine Tool Co. based in Smithfield, earlier this year. Lombari speaks with Danny Loiselle, CNC machine programmer/operator. / PBN PHOTO/­MICHAEL SALERNO

M&A activity seen rising in 2018

John Lombari bought R.I. Carbide Tool Co., a Smithfield manufacturer of cutting-tool technology, 25 years ago. Last March, he sold the company with an...

Marijuana and the workplace

Millions of American workers have a right that they did not have until recently; the right to lawfully cultivate, use and possess marijuana. All...
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