Legal News

Centauri Health Solutions has announced it has acquired HCFS. HCFS, based in Frisco, Texas, is a provider of self-pay services to hospitals and health systems, including eligibility, out-of-state Medicaid and account management resolution....By: McGuireWoods LLP

In today’s edition of Daily Compliance News: 1. Should Fed rethink its mandate. (WaPo) 2. Business write downs surge. (WSJ) 3. Lyft and Uber back off threats to abandon California. (NPR) 4. Uber paid hush money to hackers. (NPR)...By: Thomas Fox

The U.S. Department of Justice (DOJ) has issued an opinion letter (catalogued as FCPA Opinion No. 20-01) stating that it does not intend to take enforcement action under the Foreign Corrupt Practices Act (FCPA) against a U.S.-based investment advisor planning to pay something akin to a “finder’s fee” to a foreign state-owned investment bank. This opinion, issued on August 14, 2020, marks the first time in six years that the DOJ has issued guidance under the FCPA Opinion Procedure Regulations,...

Main contractors often make claims against subcontractors for liquidated damages for delay. A question that sometimes arises is whether liquidated damages may be claimed by a main contractor where there is no corresponding claim for delay damages by the employer against the main contractor. Is this a defence for the subcontractor? ...By: White & Case LLP

The UK has become one of the latest in a line of countries around the world to tighten FDI screening rules in the context of the COVID-19 pandemic.... The legislative changes that were announced last month affect the rules in two respects. They immediately introduce the public health emergency as a new public interest consideration. They will also lower the intervention thresholds for transactions in certain sensitive technology sectors. Similarly to other jurisdictions, the measures aim to...By...

The Ballard Spahr Zoning and Land Use Team is continuing to monitor all aspects of the Philadelphia land use approval process during the COVID-19 emergency, including the issuance of zoning and building permits, regulation of construction work, and changes to relevant court filing deadlines....By: Ballard Spahr LLP

Eleventh Circuit Affirms “Exceptional Case” Ruling: Insurer Had No Duty to Defend Construction Debris Claim Where Amended Complaint Omitted Crucial Fact Implicating Pollution Exclusion The Eleventh Circuit, affirming the district court’s departure from Florida’s four corners rule, held that a pollution exclusion barred coverage for a bodily injury claim arising from exposure to construction debris, even though the operative pleading on its face stated a claim within coverage. The court appl...

COVID-19 and its disruptions are not going away anytime soon. Buyers in M&A deals are wise to keep their pulse on real-time financial and business relationship information given the almost daily changes in the “new normal” business landscape. Buyers with the most up to date financial and business information and who use an iterative approach to processing this information will be better positioned to anticipate and navigate issues. Real-time information is necessary for negotiating valuation,....

Antitrust- Energy Company Agrees to Divest Gas Stations to Avoid FTC’s Antitrust Concerns- The Federal Trade Commission (“FTC”) reached an agreement with energy company Tri Star Energy LLC after determining that its proposed acquisition of certain assets from Hollingsworth Oil Company, Inc. and related entities (collectively “Hollingsworth”) would harm competition and violate the FTC Act and the Clayton Act......By: Cozen O'Connor

On Monday, August 17, 2020, Baker Donelson's Clinton Sanko sat down with Wendell Jisa, CEO of Reveal, and Jay Leib, the new EVP of Innovation and Strategy of Reveal, via WebEx. Wendell, Jay and Clinton discussed Reveal’s acquisition of NexLP, which was announced on August 11, 2020. In this video, Jay explains his position that "NexLP was the first, and probably still the only, true artificial intelligence company out there." Both Wendell and Jay offer their parting thoughts on what the merger...