Notable litigation filed during September 2024 includes: (1) Williamson, et al. v. Linarducci, et al., No. 24-cv-01526 (S.D. Ind.); (2) Perrotta v. First Edge, LLC, et al., No. 24-cv-01638 (M.D. Fla.); (3) Next Gen. Inv. Grp., LLC, et al. v. Pure Health Enters., Inc., et al., No. 24-cv-06764 (N.D. Cal.); (4) Commodity…

After a nearly five-year rulemaking process, the U.S. Department of Defense (DoD) published the Final Cybersecurity Maturity Model Certification 2.0 (CMMC) program rule in the Federal Register on Oct. 15, 2024, codified at 32 CFR Part 170. Contract clauses implementing the CMMC program rule will be issued as part of the Defense Federal Acquisition Supplement,…

The business side of operating an oral and maxillofacial surgery practice can present challenges, such as purchasing the latest equipment, staffing offices and dealing with technology and cybersecurity. That’s where private equity and a group run by doctors can help.

With host Geoff Cockrell, Daniel Hosler, who brings experience in equity, and …

Frazier Healthcare Partners has announced it has completed the acquisition of DirectMed Imaging from NMS Capital.

DirectMed, founded in 2012 and based in Poway, California, is a provider of aftermarket parts and component repairs for diagnostic imaging equipment     

Frazier, based in Seattle, is a provider of private equity capital to healthcare companies. The…

On October 8, 2024, Crypto.com filed a civil complaint against the Securities and Exchange Commission (“SEC”) and each of its Commissioners in the Eastern District of Texas seeking declaratory and injunctive relief.  Crypto.com sued the SEC after the regulator sent it a Wells notice, indicating the Division of Enforcement intended to recommend an enforcement action against the Company for operating as an unregistered securities broker-dealer and an unregistered clearing agency in connection with secondary-market sales of certain Targeted Network Tokens.[1]

Renovus Capital Partners has announced it has closed its fourth private equity fund.

The fund, Renovus Capital Partners IV Core Buyout, was oversubscribed and had total capital commitments of $875 million. It will focus on control investments in founder-owned small and mid-sized businesses in the lower middle market.

Renovus, based in Philadelphia, is a…

On September 24, 2024, California enacted Assembly Bill 2863 (the “Bill”) to take effect on July 1, 2025.[1] The Bill updates California’s regulations governing automatic renewals and continuous services. An automatic renewal or continuous service (“auto renewal contract”) is defined as a contract that renews automatically at the end of a definite term or becomes a payable contract after a free trial period.[2] The Bill continues the state trend of expanding regulations to protect California consumers when enrolling in subscriptions.[3]

Shore Capital Partners has announced the closing of its inaugural Healthcare Advantage Fund.

The fund will target healthcare companies in the lower middle market.

In conjunction with announcing the close of the Advantage Fund, Shore Capital announced the close of two other non-healthcare-focused funds. The three new funds each exceeded their targets and together represent…