On January 16, 2024, New Jersey became the thirteenth state to enact a comprehensive data privacy law, named the New Jersey Data Privacy Act (the “NJDPA”).
The NJDPA, which will take effect on January 15, 2025, includes some provisions that are different from other data privacy laws, thereby requiring entities that fall within its scope to examine their compliance obligations with respect to those provisions.
HealthEdge Investment Partners recently announced an investment in Radsource.
Radsource, based in Brentwood, Tenn., is a provider of subspecialty orthopedic and neurological MRI interpretations. Founded in 2001, the company is also known for its medical imaging technology solution, ProtonPACS, which it launched through a partnership with Intelerad.
HealthEdge, based in Tampa, Fla., makes…
The Appraisal Process
Even when an insurer agrees to cover an insurance claim, disputes often arise between the insurer and the insured as to the valuation of the loss, particularly for claims under commercial property and business interruption policies. In these circumstances, policyholders should consider whether and to what extent the dispute could be resolved through an appraisal process before resorting to litigation.
The consolidation wave of private equity-backed platforms has moved through different sectors at different times. One of the most recent sectors to see increased interest from private equity is cardiology.
This episode of The Corner Series introduces the “Executive Corner,” where McGuireWoods’ Geoff Cockrell is joined by Tim Attebery, CEO of Cardiovascular Associates of America…
In recent years, the Biden Administration has been vocal that combatting foreign public corruption is a key pillar of its national security efforts.[1] Consistent with those policy goals, on December 22, 2023, Congress passed the Foreign Extortion Prevention Act (FEPA), a long-awaited complement to the Foreign Corrupt Practices Act (FCPA). Where the FCPA targets those who offer or pay bribes to foreign officials, the new FEPA targets those who solicit and receive the bribes—the foreign officials themselves.
On December 23, 2023, New York Governor Kathy Hochul signed the New York LLC Transparency Act (“NYLTA”), which requires LLCs to disclose beneficial ownership information (“BOI”) to the New York Department of State. Effective December 21, 2024, the NYLTA will impose separate BOI reporting requirements on New York LLCs, which are also subject to the reporting requirements under the federal Corporate Transparency Act (“CTA”). McGuireWoods has published prior alerts on the CTA generally, the use of FinCEN identifiers to report BOI, FinCEN’s extension of the time to file from 30 to 90 days for entities created beginning January 1, 2024, and January 2024 updates regarding the CTA.
Peloton Equity has announced it led a growth investment in OnPoint Healthcare Partners. Joining Peloton in the investment was Fort Maitland Capital.
OnPoint, founded in 2020 and based in Dallas, is a healthcare technology company offering solutions intended to help address physician burnout and optimize financial and operational efficiency of provider organizations.
Peloton,…
Windjammer Capital Investors has announced it has closed its latest fund at $1.3 billion in commitments.
The new fund, Windjammer Capital Fund VI, exceeded its $1 billion initial target.
Windjammer, based in Newport Beach, Calif., and Waltham, Mass., is a private equity firm focused on the middle market. Founded in 1990, the firm prefers…
Companies and even law firms suffer data breaches, and usually claim privilege and work product protection for the inevitable resulting investigation. Unfortunately, courts seem to have rejected such protection claims in all but a few cases. Most of the other data breach victims have tried to emulate two of the winners, but have failed.
In…
On January 16, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued new guidance to incentivize voluntary self-disclosure (“VSD”) of possible violations of the Export Administration Regulations (“EAR”). This new guidance—which was announced in conjunction with a speech by BIS’s top enforcement official indicating the EAR enforcement is an increasingly important priority for BIS and the Department of Justice (“DOJ”)—continues a trend of BIS signaling increasingly aggressive enforcement of export control violations.
