Krieg DeVault Podcast Series

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May 2026

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Krieg DeVault Podcast Series - We discuss the latest news, laws and trends affecting your industry. This Krieg DeVault LLP publication should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own lawyer on any specific legal questions you may have concerning your situation. This newsletter may constitute advertising materials in some jurisdictions. If you forward this newsletter, please designate it as such. © 2024 Krieg DeVault LLP. All Rights Reserved. Krieg DeVault LLP, Indianapolis, IN, is responsible for this content. This page, and all information on it, is proprietary and the property of Krieg DeVault LLP, and may not be reproduced, in any form, without Krieg DeVault LLP’s express written consent. This constitutes attorney advertising.

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May 7, 202628 min

340B Hot Topics: Courts, Surveys, and Rebates, with Jason Prokopik

“Legal issues intersect with non-legal issues in [the] 340B space,” says Brandon Shirley, a partner at Krieg DeVault, who teams up with Jason Prokopik, PharmD, Senior Manager & Pharmacy Consultant at Blue & Co., LLC to host this rapid-fire 340B review. Following the 340B Coalition Conference in San Diego in February 2026, they tackled five hot topics: the CMS Medicare survey for 340B hospitals; a court ruling regarding child site activation; the status of the rebate model pilot; Indiana's new mandatory 340B reporting requirement and the proposed Indiana Medicaid restrictions on 340B drug submissions; and a Ninth Circuit False Claims Act ruling against drug manufacturers. Tune in to learn more about each of these developments.Connect and Learn More☑️ Jason Prokopik☑️ Blue & Co., LLC | LinkedIn | X | Facebook | Instagram☑️ Brandon Shirley | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

January 21, 202621 min

Employee Ownership Trusts: A Modern Succession Alternative, with Brian Heaton and Sonya Seeder

Last November, the architecture and engineering firm Guidon – a Krieg DeVault client – became partially employee-owned through an Employee Ownership Trust, or EOT. Guidon’s general counsel, Sonya Seeder, joins Brian Heaton, a longtime Krieg DeVault partner who helps middle- and lower-middle market corporate clients solve problems, to explore this emerging alternative to ESOPs. As they explain to host George Lepeniotis, EOTs operate through an employee ownership trust agreement, as opposed to an ESOP, which is governed by ERISA. Tune in as Brian and Sonya detail implications of the EOT mechanism, post-implementation employee education strategies, and ways that a firm like Krieg DeVault helps companies navigate the EOT process.Connect and Learn More☑️ Brian Heaton | LinkedIn☑️ Krieg DeVault LLP☑️ Sonya Seeder | LinkedIn☑️ Guidon on LinkedIn | Instagram | Facebook☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

January 14, 202625 min

Indiana’s 124th General Assembly: Short Session, Packed Agenda, with Senator Sue Glick

Indiana lawmakers have a short session and a healthy state budget. But they’ve still got a packed agenda in those few weeks. To help listeners know what to expect in the 124th assembly, host Randy Head visits with Sen. Sue Glick, assistant president pro tem and chair of the Natural Resources Committee. Among other items, lawmakers will consider the escalating cost of healthcare, guns in the hands of children, and the property tax bill that was passed last year. Reflecting on last year’s high-profile debate over redistricting, Sen. Glick highlights the importance of constituents knowing their lawmakers, from Indiana all the way to Washington, D.C. She also describes pressure from Washington to pass the redistricting bill – it failed – and lauds Sen. Rodric Bray, president pro tem, for his respectful handling of the political back-and-forth.Connect and Learn More☑️ Sen. Sue Glick | LinkedIn☑️ Indiana General Assembly☑️ Randy Head | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

January 9, 202622 min

Data Privacy in Healthcare and Financial Services, with Stacy Long and David Bowen

Data is everywhere – in smart devices, business operations, and consumer interactions. To unpack the privacy implications for listeners in healthcare and financial services, Krieg DeVault colleagues Stacy Long and David Bowen visit with host George Lepeniotis. With her focus on healthcare, Stacy offers her perspective on the ever-changing federal HIPAA law and the Indiana Consumer Data Protection Act, which took effect on Jan. 1 and gives individuals rights to protect their personal information. David, who focuses on financial services, offers his perspective on the interplay between the federal Gramm-Leach-Bliley Act and state laws that cover financial institutions. “Getting a compliance structure in now is advisable if these laws apply to you,” David suggests. Stacy notes that complying with privacy laws isn’t necessarily expensive – but penalties for violating the Indiana Consumer Data Protection Act can run up to $7,500 per violation.Connect and Learn More☑️ David Bowen | LinkedIn☑️ Stacy Long | LinkedIn☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

December 17, 202523 min

Curbing the AI Enthusiasm: Be Excited But Know the Risks, with Maria Geltz

Businesses are often excited about the potential that AI tools could unlock, such as better efficiency and lower production costs. Lawyers, on the other hand, are in the business of thinking about liability. To give the lawyer’s perspective on AI, host George Lepeniotis welcomes Maria Geltz, an attorney in Krieg DeVault's Financial Services Group who recently spoke at the Indiana Manufacturers Association conference about how AI affects manufacturers. The first takeaway for businesses, Maria says, is to be cognizant of the jurisdictions where you operate and join discussions with local representatives about AI. Tune in as the colleagues cover regulatory regimes, vendor agreements, and IP laws and privileges. Connect and Learn More☑️ Maria Geltz | LinkedIn☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

October 27, 202519 min

Bank Holding Companies: Keep or Eliminate?, with Keaton Miller

Flagstar Bank expects to save $15 million annually by shedding its holding company—a trend that started about eight years ago. “It really got people thinking, ‘Do we really need a holding company today?,’” says Keaton Miller in this discussion about the benefits of holding companies. Keaton brings 13 years of in-house experience from Old National Bank to his role in Krieg DeVault's Financial Institutions Practice. In this conversation with George Lepeniotis, he traces the regulatory evolution from loopholes to compliance burdens, examines which institutions benefit most from simplification, and walks through the merger-like process. For banks not utilizing holding company benefits—like operating multiple depositories or engaging in specialized activities—Keaton suggests that the administrative and regulatory costs may no longer be justified.Connect and Learn More ☑️ Keaton Miller | LinkedIn☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

October 13, 202518 min

Decoding Medicaid Changes in the “Big Beautiful Bill,” with Meghan Linvill McNab

The Trump administration's "One Big Beautiful Bill" is poised to significantly impact healthcare providers by changing Medicaid financing and reimbursement. Meghan Linvill McNab, a partner at Krieg DeVault who focuses on Medicare and Medicaid reimbursement, describes key contours of the new landscape: placing limitations on provider taxes and levels of state directed payment programs in Medicaid managed care. With host George Lepeniotis, she explains that the bill will limit some opportunities for states to use non-state dollars to fund their portion of a Medicaid expenditure. “That’s going to result in either the state having to put up more funding to keep reimbursement at the current levels, or it's going to result in reimbursement to providers decreasing because there's not as much funding,” she says. “So, something has to give to keep the balance.”Connect and Learn More☑️ Meghan Linvill McNab | LinkedIn☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

May 1, 202519 min

The 340B Drug Pricing Playbook, with Brandon Shirley

Clients have asked Brandon Shirley about acquiring a health entity that would qualify for the 340B Drug Pricing Program because, as he explains, “it does enable substantial benefits if you can get into it.” But the program is also complex. A healthcare Senior Counsel at Krieg DeVault, Brandon dissects 340B, which requires drug manufacturers to provide upfront discounts to eligible healthcare entities serving uninsured and low-income populations. With host George Lepeniotis, he clarifies who qualifies as a "covered entity," explains the disputes over patient eligibility definitions, and addresses the controversial manufacturer-proposed "rebate model". Connect and Learn More☑️ Brandon Shirley | LinkedIn☑️ Krieg DeVault ☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

January 8, 202532 min

Beyond the Basics: The Beauty of ESOPs, with Bill Merten

When they launch a business, most founders don’t have selling on the top of their mind. But when it comes time to consider the future – for themselves, the company, and employees – an ESOP (Employee Stock Ownership Plans) can be a win-win.“A lot of founders would say, ‘I'm not ready to sell the company.’ But the beauty about the ESOP is that it can create a market for the sale of your shares … and you control the timing,” explains Bill Merten, a partner in Krieg DeVault’s ESOP Practice. In breaking down that beauty with Krieg DeVault colleague and host George Lepeniotis, Bill outlines the flexibility and financial benefits of ESOPs versus traditional sale options like private equity or strategic buyers. He describes the unique advantages to employee beneficiaries as well as founders and details how an ESOP is structured and financed.Connect and Learn More☑️ Bill Merten | LinkedIn☑️ Krieg DeVault | LinkedIn | X | Facebook | Instagram☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault | LinkedIn | X | Facebook | Instagram☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

December 12, 202426 min

A Brief Primer on Protecting IP Capital, with Dan Tychonievich and Justin Sage

Coca-Cola, Kleenex, a ballpoint pen, a Marvin Gaye song: For consumers, they’re products to use and enjoy. For commercial enterprises, they’re intellectual capital that must be protected to ensure growth.Host George Lepeniotis invites colleagues Dan Tychonievich and Justin Sage, members of Krieg DeVault LLP’s Intellectual Property Practice, to break down the legal implications of owning IP. Using real examples, Dan and Justin explain the nuances of trade secrets (Coca-Cola’s recipe), trademarks (Kleenex’s brand), patents (an innovation to the existing ballpoint pen), and copyright (Marvin Gaye’s song). As Dan says: “You have to become aware that somebody may be infringing, whatever that is – a copyright, trademark, or a patent.”Tune in for their insights, and stay to the end for Dan’s joke about an “ant farm” trademark. Connect and Learn More☑️ Dan Tychonievich | LinkedIn☑️ Justin Sage | LinkedIn | X☑️ George Lepeniotis | LinkedIn☑️ Krieg DeVault LLP | LinkedIn | X | Facebook☑️ Subscribe Apple Podcasts | Spotify | Amazon Music

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