RELATED UPDATE: Tips for Pursuing Insurance Claims and Disaster Relief Funding in North Carolina After Hurricane Helene (October 3, 2024)

Hurricane Helene made landfall on Thursday, September 26, 2024, carrying catastrophic 140 mph winds as the first known Category 4 storm to hit Florida’s Big Bend region since records began in 1851. By Friday, Hurricane Helene’s effects could be felt through Georgia, South Carolina, North Carolina, Tennessee, and Virginia, with numerous fatalities and significant property damage and power outages reported across the entire southeastern United States. Flooding from the storm resulted in highway and road closures throughout the region, including Interstate 40 in North Carolina, and multiple dams in Tennessee and North Carolina were on the brink of failure before stormwaters began to subside.

By Kevin Madagan

Waud Capital Partners (WCP) has announced the acquisition of Science Exchange.

Science Exchange, founded in 2011 and based in San Francisco, is a provider of life sciences procurement and supplier management software-as-a-service (SaaS) solutions.

WCP, founded in 1993 and based in Chicago, seeks control equity investments in middle market companies…

Recently, in United States ex rel. Kyer v. Thomas Health Systems, the judge overseeinga whistleblower’s False Claims Act (FCA) suit against Thomas Health Systems Inc. stalled further decisions until both parties could file supplemental briefs addressing the U.S. Supreme Court’s decision in Loper Bright Enterprises v. Raimondo. The judge’s order requires the parties to articulate if the Stark Law regulations are consistent with the statute.

On September 17, 2024, Deputy Assistant Attorney General Nicole Argentieri stressed the intense focus placed by the U.S. Department of Justice (DOJ or the Department) on incentivizing companies to maintain healthy corporate compliance programs – and highlighted key aspects of the Department’s newest enforcement tool.  Speaking at the NYU School of Law’s Program on Corporate Compliance and Enforcement, Argentieri emphasized the DOJ Criminal Division’s newly rolled out Corporate Whistleblower Awards Pilot Program, which offers monetary rewards for whistleblowers who provide information about certain corporate misconduct that results in a successful criminal or civil forfeiture of more than $1 million.

Northlane Capital Partners (NCP) has announced the sale of PAR Excellence Systems to OceanSound Partners.

PAR Excellence, founded in 1992 and based in Cincinnati, is a provider of supply chain integrity and cost management solutions to the healthcare industry.

NCP, based in Bethesda, Maryland, is a middle market private equity firm focused on…

Genstar Capital has announced a strategic majority investment in Flourish Research, according to a news release.

Flourish, founded in 2001 and based in Apex, North Carolina, is a multi-site clinical trial organization focused on areas including cardiovascular, metabolic, neuroscience and infectious disease therapeutic areas.

Genstar Capital, based in San Francisco, is a private…

GI Partners has made a majority investment in eClinical Solutions, according to a news release.

eClinical, founded in 2012 and based in Mansfield, Massachusetts, is a global provider of digital clinical software and services.

GI Partners, based in San Francisco, seeks to invest in North American middle market companies. Founded in 2001, the…

Notable litigation filed during August 2024 includes: (1) Garcia, et al. v. Jazzberry Digital Solutions, Inc., et al., No. 30-2024-01419250 (Cal. Super. Ct.); (2) Dottore v. Scheibal Property Development, Inc., No. cv-2024-08-08-3519 (Ohio Ct. Comm. Pl.); and (3) SEC v. Mendia-Alcaraz, et al., No. 24-cv-5823 (N.D. Cal.).