On Jan. 13, the U.S. Supreme Court granted a writ of certiorari to petitioners in two False Claims Act cases to determine whether the law’s knowledge requirement reaches defendants who can offer an “objectively reasonable” interpretation of an ambiguous legal or contractual requirement material to government payment.
Read on for details about this case, likely…
Goldman Sachs Group has closed a $5.2 billion private equity growth fund, according to a Reuters report.
Through its new West Street Global Growth Partners fund, the investment bank plans to invest an average of $50 million to acquire minority stakes in businesses in the early or middle stages of their growth.
The…
Welsh, Carson, Anderson & Stowe (WCAS) has completed a strategic growth investment in ImageTrend, according to a news release.
ImageTrend, based in Lakeville, Minn., is a software solutions and services provider in the healthcare and public safety industries. Founded in 1998, the company supports organizations that include those working in critical care, hospitals…
Amulet Capital Partners has announced it has acquired Eruptr.
Eruptr, based in Bradenton, Fla., is a healthcare digital marketing firm. Founded in 2009, the company offers a suite of solutions for hospitals.
Amulet, based in Greenwich, Conn., is a middle market private equity investment firm focused exclusively on the healthcare sector. Founded in…
Notable litigation filed during January 2023 includes: (1) SEC v. Engel; (2) Firestone, et al. v. Residential Properties Resources Fund II, LLC, et al.; (3) Ellusionist Cash Balance Plan and Trust, et al. v. Spiegel Accountancy Corp., et al.; and (4) SEC v. Ellison-Meade.
SEC v. Engel, Civ. No. 2:23-cv-00213-PA-JPR…
LLR Partners has completed a growth capital investment in Viventium, according to a news release.
Viventium, based in Berkeley Heights, N.J., provides payroll, human resources and other solutions for healthcare providers. Founded in 1991, the company largely serves home care agencies and skilled nursing facilities.
LLR, based in Philadelphia and founded in…
Thompson Street Capital Partners (TSCP) has announced it has completed a growth investment in Sabai Global.
Sabai, based in Chesterfield, Mo., is a provider of regulatory review and biosafety consulting services. Founded in 2018, the company provides services to pharmaceutical sponsors, clinical research organizations, academic health systems and clinical research site networks.
TSCP,…
The Supreme Court of Illinois relied on legislative intent, policy concerns and precedents to hold that all Biometric Information Privacy Act claims are subject to a five-year statute of limitations. Read on to learn more about the Tims v. Black Horse Carriers, Inc. opinion and how it may impact businesses and their BIPA decisions going
In December 2022, California’s new commercial lending disclosure law and complementary regulations went into effect, leading the way for other states to follow.
The new California law imposes disclosure requirements in commercial lending transactions. While this is not new for consumer lenders that are accustomed to complying with the Truth in Lending Act, this is uncharted territory in the commercial lending space. Like the federal Truth in Lending Act, the new California law is meant to provide prospective borrowers with an opportunity to see a concise summary of the obligation’s terms in an easy-to-read format. Ideally, this allows a prospective borrower to take the terms offered by two or more lenders and compare them, side by side, to determine the best offer.
It’s nine to 12 — maybe even 18 — months after the deal closed. There’s an R&W policy in place, and the purchase agreement covers an array of representations and warranties. But you become aware of something that might be a breach.
In this episode of The Professor’s Corner, McGuireWoods partner and insurance recovery practice…
