https://player.captivate.fm/episode/ffe1655d-c3c7-475e-92b9-10aeb347e146

Fifty years ago, the United States had 75 car companies. Today, there are fewer than five. The same consolidation dynamics are reshaping physician practice management, says Ezra Simons, a co-founder and partner at Physician Growth Partners, which has been on the leading edge of consolidation in provider practices nationwide. “I think what we’ll…

Overview

As we enter the 2026 tax filing season, organizations face a heightened risk of cyberattacks targeting employee information. Tax season is a busy time for cybercriminals, who ramp up efforts to trick businesses and individuals into sharing personal information. Bad actors can use stolen personally identifying information (“PII”) in a variety of harmful ways, including to file fraudulent tax returns and claim refunds. Below we provide an overview of the current threat landscape, key warning signs to watch for, practical prevention strategies, and guidance on legal obligations if your organization is targeted.

On February 10, 2026, U.S. District Judge Jed Rakoff of the Southern District of New York issued a bench ruling holding that a defendant’s use of generative AI to analyze legal exposure is not protected under attorney-client privilege or the work product doctrine. See When AI Isn’t Privileged: SDNY Rules Generative AI Documents Not Protected. On February 17, 2026, Judge Rakoff issued a written opinion confirming the bench ruling and adding important analysis. This client alert outlines what the written opinion adds on confidentiality, work product, and waiver, and details the practical implications and open questions left by Judge Rakoff’s opinion.

On February 12, 2026, Treasury’s Office of Foreign Assets Control (OFAC) announced the settlement of an enforcement action against IMG Academy (“IMG”) that highlighted the sanctions risks that U.S. academic institutions face and the steps OFAC recommends the institutions to take the address the risks.  The enforcement action stemmed from IMG accepting tuition payments from two Specially Designated National (“SDN”) individuals who had been sanctioned under the Foreign Narcotics Kingpin Designation Act for providing support to a sanctioned Mexican Drug Trafficking Organization (“MDTO”).

IMG is an elite sports training and boarding school for grades 6-12 that is located in Bradenton, Florida.  IMG’s student body includes athletes from all over the world. In two separate instances, SDNs enrolled their children in IMG’s boarding programs, entering into yearly tuition contracts for each academic year. One child of an SDN attended IMG for five academic years, from 2018 until graduation in 2023.  The other child attended IMG for two academic years, from 2020 to 2022. Tuition for each child was around $100,000 a year.

Patient Square Capital will acquire Paradigm from OMERS Private Equity, according to a news release.

Paradigm, founded in 1991 and based in Walnut Creek, California, is a specialty care management organization focused people with complex injuries and diagnoses.

Patient Square, founded in 2020 and based in Menlo Park, California, is a dedicated…

On Feb. 10, 2026, the U.S. District Court for the Southern District of New York held that a defendant’s use of generative AI to analyze legal exposure is not protected under attorney-client privilege or the work product doctrine. The decision has important implications as clients and nonlawyers increasingly use generative AI tools to assess legal…

Executive Summary

  • Independent, unsupervised use of generative AI to analyze legal exposure may not be privileged. A federal court held that a defendant’s AI prompts and outputs relating to a criminal investigation of his conduct were not protected after they were seized pursuant to a search warrant.
  • Platform terms matter. If an AI provider reserves rights to retain, train on, or disclose user inputs, courts may find confidentiality—and therefore privilege—compromised.
  • Structure AI use under counsel’s direction. The ruling leaves open whether counsel-directed enterprise AI use on a secure platform with strong confidentiality terms may be treated differently. Governance and process may be outcome-determinative.