On February 1, 2021, the Federal Trade Commission (FTC) released the revised thresholds for determining whether companies are required to notify federal antitrust authorities about a transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act). If a proposed merger; acquisition of stock, assets or unincorporated interests; or other business combination meets certain thresholds, the parties must notify the FTC and the Department of Justice and observe a waiting...
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Last Thursday the U.S. Federal Trade Commission (FTC) announced that the FTC and the Antitrust Division of the U.S. Department of Justice (DOJ) will temporarily suspend granting early termination of the waiting period (ET) for filings made under the Hart-Scott-Rodino Act (HSR Act). Under the HSR Act’s Premerger Notification Program, the parties to a transaction must wait for expiration of the 30-day statutory waiting period (15 days for cash tender offers and certain bankruptcy transactions) t...
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Rock Health called the landmark Teladoc-Livongo deal a starter pistol for the virtual care platform race. Beyond it being the largest digital health acquisition to date, what significance does this deal hold for the telemedicine sector, the competitive landscape and potential rollups as companies transition to virtual care 2.0? During the past several months, companies in the digital health space have risen to address the COVID-19 pandemic and surging demand for virtual care. Investors have...B...
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You’ve attended the webinars on navigating COVID-19. You’ve read the trade publication tips. You have implemented measures to protect your workers. So, you’re ahead of the game, right? Well, you’re certainly ahead of the Florida sheriff who reportedly instructed his employees not to wear masks in the office. If a visitor entered Sheriff Billy Wood’s office with a mask, they were reportedly instructed to remove it... Originally published in Construction Business Owner Magazine - February 20...
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The Superintendence of Industry and Commerce (SIC) of Colombia issued Resolution 2103 of 2021, which established fees that must be paid for merger control procedures. This was in accordance with article 152 of Law 2010 of 2019, which authorized the SIC to establish a fee for these procedures....By: Holland & Knight LLP
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In Farro v. Schochet, the Second Department recently held that §1002 of the NY LLC Law restricted a dissenting member’s remedy to an appraisal for the fair value of his interest in the business after a freeze-out merger. Thus, the Court reduced the legal remedies for a minority LLC member that lacked protections in the operating agreement against the merger....By: Patterson Belknap Webb & Tyler LLP
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After months of drama that we dutifully catalogued right here, the U.S. plan to “force the sale of TikTok’s American operations” to Oracle and Walmart “has been shelved indefinitely.” The forced sale has “languished since last fall in the midst of successful legal challenges to the U.S. government’s effort by TikTok’s owner, China’s ByteDance Ltd.”…...By: Robins Kaplan LLP
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In early February, Senator Amy Klobuchar, new Chair of the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights, introduced the “Competition and Antitrust Law Enforcement Reform Act of 2021″(S225)....By: Akerman LLP - Health Law Rx
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For decades, per- and polyfluoroalkyl substances (PFAS) have been used in the production and composition of many products used daily throughout Florida and across the country. Prized for their desirable properties, PFAS chemicals can be found in products like food packaging, cookware, stain-resistant textiles and fire-fighting aqueous film-forming foam (AFFF). Despite the serious health and ecological dangers posed, these chemicals are still found in products today. PFAS use and exposure...By: S...
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The California Court of Appeal recently discussed an owner's remedies (and some limits to those remedies) when a contractor improperly records a mechanic's lien. According to the court's analysis, the owner's primary remedy will generally be removal of the offending lien. Seeking damages, on the other hand, can backfire with an award of attorney fees in the contractor's favor....By: Davis Wright Tremaine LLP
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