Gurnet Point Capital and Novo Holdings have completed their acquisition of Paratek Pharmaceuticals in a deal valued at $462 million, according to a news release.

Paratek, founded in 1996 and based in Boston, is a commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for life-threatening diseases and other public health…

During the week of September 11, 2023, the California Legislature passed a series of bills known collectively as the “California Climate Accountability Package” (“CCAP”).  The CCAP is comprised of three bills: S.B. 252 (applicable only to two California state pension funds, and not discussed further herein), S.B. 253 (the “Climate Corporate Data Accountability Act” of “CCDA”) and S.B. 261 (the “Climate-Related Financial Risk Act” or “CFRA”).  If Governor Newsom follows through on his stated intention to sign the entire CCAP into law, and if the package survives the inevitable legal challenges that are sure to come, these new disclosure laws could prove to be highly disruptive to companies across the United States—many of which are likely unaware it impacts them.

On September 14, 2023, Daniel W. Glad — Director of the Procurement Collusion Strike Force (“Strike Force”) for the Department of Justice’s (“DOJ”) Antitrust Division — gave remarks as the keynote speaker for the Virginia Bar Association’s Annual White-Collar Fall Forum, emphasizing a renewed commitment to pursuing criminal investigations in the federal procurement arena.  DOJ announced the creation of the Strike Force in November 2019 as an interagency partnership aimed at deterring and eliminating anticompetitive collusion, waste, and abuse of the government procurement process.  Mr. Glad highlighted in detail the volume of government spending in Virginia last year, including amounts in excess of $4 billion for federally funded government contracts in the next several years.   The Strike Force is tracking those investments across the country and soliciting leads for investigations as part of its mission “to root out [an] increased risk of anticompetitive collusion.”    

On Sept. 13, the U.S. Attorney’s Office for the Northern District of Texas announced a settlement with Oliver Street Dermatology Management LLC to resolve self-reported allegations that its acquisition of several dermatology practices violated the Stark Law, the Anti-Kickback Statute and the False Claims Act.

Read on for details about this matter, plus helpful guidance…

Influenced by the U.S. Supreme Court’s SFFA college affirmative action decision, on July 19, the U.S. District Court for the Eastern District of Tennessee enjoined the U.S. Small Business Administration (SBA) from determining federal contractor eligibility for its 8(a) Business Development program according to a “rebuttable presumption” that individuals of certain racial groups are socially…

Bain Capital Private Equity will acquire Harrington Process Solutions, according to a news release.

Harrington, founded in 1959 and based in Chino, Calif., is a specialty distributor of industrial flow control process solutions. Harrington provides solutions to a wide range of industries, including life sciences.

Bain Capital Private Equity, based in Boston, focuses…