Unpaid interns can't buy the coffee they fetch

By Rick Colosimo / July 7, 2015 / Comments Off on Unpaid interns can't buy the coffee they fetch

The 2nd Circuit recently issued an opinion regarding whether unpaid interns at for-profit employers are actually employees for the purpose of the FLSA and NY labor law, which would entitle them to minimum wage and overtime. The case arose out of interns who worked on the film “Black Swan” in New York. Their intern duties…

How to negotiate a document

By Rick Colosimo / May 19, 2015 / Comments Off on How to negotiate a document

This article gives some tips on how to negotiate a contract. While it’s aimed more at business people, it’s awfully close to what lawyers should do. I think almost every document can be fixed in one round of changes, unless there are open business issues that were deliberately left open at the term sheet or…

CEO privilege

By Rick Colosimo / May 15, 2015 / Comments Off on CEO privilege

Many of my clients are founders and CEOs of their companies. Sometimes, they’re inexperienced in this role, regardless of how old they are or how much education they have. One of my common themes for some of these folks is the “you’re the boss” speech. When you are the CEO, you are the captain of…

How to backdate stock options

By Rick Colosimo / May 11, 2015 / Comments Off on How to backdate stock options

I’m sure that at least one securities litigation lawyer got a fever just from reading the title of this post. And that’s a good thing — you should all learn from it. Here’s the scenario: you intended to grant some options to a valued employee, but that was a few months ago, or maybe even…