Lori A. Basilico: Lawyer with Edwards Wildman Palmer LLP

Lori A. Basilico

Providence,  RI  U.S.A.

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Practice Areas

  • Business Law
  • Complex Litigation
  • Mergers & Acquisitions
  • Private Equity
  • Venture Capital
  • Labor & Employment
  • Securities Offerings and Public Company Counseling
  • Insurance & Reinsurance
  • Fund Formation
  • Benefits & Compensation
  • Tax
  • Banking & Financial Institutions
  • Educational Institutions
  • Healthcare
  • Tax-Exempt Organizations
University Smith College, B.A., 1985
Law SchoolUniversity of Denver College of Law, J.D., 1988; Boston University School of Law, LL.M. in Taxation, 1992
Admitted1988, Rhode Island; 1989, U.S. District Court, District of Rhode Island; 1994, Massachusetts


ESOP Association
International Foundation of Employee Benefits
Massachusetts Bar Association
New England Employee Benefits Council
Rhode Island Bar Association
Rhode Island Benefits Council

BornProvidence, Rhode Island, April 6, 1963

Lori has focused her practice in the field of employee benefits and executive compensation since 1988.

Lori represents and advises private and publicly held clients with respect to the design and legal compliance of executive compensation programs, equity-based incentive compensation plans, severance and retention plans, tax-qualified plans, welfare plans, fringe benefit plans and ERISA fiduciary and prohibited transaction issues. She also counsels clients regarding compliance with ERISA, the Internal Revenue Code, COBRA, HIPAA, FMLA and other federal and state laws impacting employee benefit plans.

Lori often counsels venture capital and other private equity funds on the ERISA fiduciary implications associated with pension plan investors. She also assists clients in compliance with Section 16 of the Securities Exchange Act of 1934.

Lori has substantial experience involving compensation and benefits issues associated with mergers and acquisitions, representing both acquiring and selling companies in connection with all types of asset and stock acquisitions and divestitures.
•Over a six month period, Lori assisted a major financial institution with the continuing and cloning of employee benefit plans for 3,500 employees of a divested subsidiary.

•Lori has counseled privately held ESOP companies on managing ESOP repurchase liability.

•Lori recently advised a client on ERISA and Code prohibited transaction implications associated with Roth IRAs investing in a limited liability company and the subsequent investment by LLCs in entities owned by Roth IRA owners.

Before Edwards Wildman

Prior to becoming a Partner with the Firm, Lori garnered experience from the trustee perspective by working as an associate general counsel with State Street Corporation.

Besides Edwards Wildman

Lori is an active participant in the Smith Club of Rhode Island and a representative to the Moses Brown School Parents Association. She is a past board member of the American Lung Association of Rhode Island.


Representation of Webster Bank, National Association in Connection with a Loan Relating to the Establishment of an Employee Stock Ownership Plan

Represented Webster Bank, National Association in connection with a loan relating to the establishment of an employee stock ownership plan for a Rhode Island company.

Disposal of Avangate Group to Francisco Partners

Our cross-border team comprising lawyers from the Chicago, London, Boston, LA, New York and Providence offices, successfully represented the sellers (comprising Romanian serial tech entrepreneur Radu Georgescu, 3TS Capital Partners' CEE technology fund and the management team) in connection with the disposal of the Avangate Group to Francisco Partners.

PTC Inc. Acquisition of Software Developer

A large team of Edwards Wildman lawyers represented longtime client PTC in its acquisition of Enigma Information Systems Ltd., an Israeli software developer.

Sale of HSBC's North American Insurance Company Operations

In 2013, an Edwards Wildman team represented HSBC in its sale of its North American insurance company.

Edwards Wildman Team Advises Sole Shareholder in Sale of Stock

An Edwards Wildman team of attorneys advised the sole shareholder of Micronics, Inc., a New Hampshire, USA- and Stoke-on-Trent, England-based manufacturer of filtration products and equipment used in mining, water treatment and food and beverage industries, in a March 28, 2013 sale of his stock to an entity formed by Vance Street Capital, a Los Angeles-based private equity firm.

Sale of Recombinant Data Corp. to Deloitte Consulting

Our lawyers represented Newton, Massachusetts - based Recombinant Data Corp. in the sale of its assets to Deloitte Consulting LLP and its post-closing liquidation.

Team Counsels Steward Health Care in Acquisition of New England Sinai Hospital

In 2012, a team of Edwards Wildman lawyers counseled Steward Health Care System LLC in the purchased of substantially all of the assets of New England Sinai Hospital.

Performing for Perfume Purveyor

Edwards Wildman lawyers in New York advised specialty retailer Perfumania in the acquisition of Parlux Fragrances completed in April 2012.

Represented Nautic Partners in its Acquisition of a Vision Insurance Company

We represented Providence, RI-based Nautic Partners, a private equity firm, in a March 2012 leveraged acquisition of Superior Vision Holdings, Inc.

Asset Acquisition by United Recovery Systems

A team of Edwards Wildman Mergers and Acquisitions lawyers represented Houston-based United Recovery Systems when, in November 2011, its wholly owned subsidiary, United Recovery Systems, L.P., acquired Aid Associates, Inc., providers of debt collection services with operations in New York and Kentucky.

Edwards Wildman Client Advisory: IRS Announces 2015 Retirement Plan Limitations
October 2014
Edwards Wildman Client Advisory: United States Supreme Court Rejects Presumption of Prudence for Stock-Drop Cases
June 2014
Edwards Wildman Client Advisory: Rev. Rul. 2014-18
June 2014
Edwards Wildman Client Advisory: IRS Releases Guidance for Qualified Retirement Plans in Light of Windsor Decision
April 2014
U.S. Department of Labor Gives Final Approval for Intel Corp. to Use its Hawaiian Captive Insurer to Fund Certain Employee Benefit Risks Insurance & Reinsurance Blog
April 18, 2014
Edwards Wildman Client Advisory - U.S. House of Representatives Passes Bill to Redefine Full-Time Employee Under the Affordable Care Act
April 2014
Edwards Wildman Client Advisory: DOL Issues Proposed Amendment Requiring a Summary Guide for Section 408(b)(2) Disclosures
April 2014
Edwards Wildman Client Advisory: Supreme Court Holds that Severance Payments Constitute Wages under FICA
March 27, 2014
Edwards Wildman Client Advisory: Final Regulations on ACA Employer Mandate Eases Compliance for Employers in 2015
March 2014
Edwards Wildman Client Advisory: IRS Modifies Use It or Lose It Rule for Health Flexible Spending Arrangements (FSAs)
November 5, 2013

Edwards Wildman's Lori Basilico Comments on the Affordable Care Act's Exchange Deadline in Human Resource Executive
September 30, 2013
Edwards Wildman's Lori Basilico Outlines How to Count Full-Time and Part-Time Employees under Obamacare in the Washington Post
September 30, 2013
Edwards Wildman's Lori Basilico Comments on IRS's Hard Line on Deferred Compensation in Compliance Week
April 17, 2013
Edwards Wildman Represents AmTrust Financial Services in Acquisition of First Nonprofit Companies
January 23, 2013
The Sweet Smell of Success
April 20, 2012
EAPD Counsels Client in Acquisition of Mutual of Omaha's Employer Stop Loss Line
June 8, 2010
EAPD Represents IAA in Announced Acquisition of AAHI
April 29, 2010
The Firm Represents Maiden Holdings in Acquisition of GMAC Re
November 3, 2008
Edwards Wildman client, AmTrust Financial Services, Inc. Announces Closing of Acquisition of Unitrin Business Insurance
June 4, 2008


Documents by this lawyer on Martindale.com

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IRS Announces 2015 Retirement Plan Limitations
Lori A. Basilico, November 10, 2014
The Internal Revenue Service announced the 2015 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2015. The elective deferral contribution limit for 401(k),...

United States Supreme Court Rejects Presumption of Prudence for Stock-Drop Cases
Lori A. Basilico,Jonathan R. Shank, July 1, 2014
In a highly anticipated decision, the United States Supreme Court held that fiduciaries of employee stock ownership plans (“ESOPs”) are not entitled to any special presumption of prudence when investing in employer stock. In Fifth Third Bancorp v. Dudenhoffer, the Supreme Court rejected...

IRS Releases Guidance for Qualified Retirement Plans in Light of Windsor Decision
Lori A. Basilico, April 28, 2014
On April 4, 2014, the Internal Revenue Service released Notice 2014-19 providing long-awaited guidance on the application of the U.S. Supreme Court’s decision in United States v. Windsor and Revenue Ruling 2013-17 to 401(k), 403(b) and other qualified retirement plans.

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Office Information

Lori A. Basilico

2800 Financial Plaza
ProvidenceRI 02903


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