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Miami Bound: See You There February 2024 – Financing Management Fees
The primary purpose of a capital call facility is to provide bridge financing to a fund borrower that may be drawn upon, in lieu of calling capital, to make investments in accordance with the fund’s business purpose. In addition to providing a fund borrower with a readily available source of credit to quickly fund investments,…
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FDA 2023-24: A Look Back & A Peek Forward
Most years are eventful for businesses regulated by the US Food and Drug Administration (“FDA”), and 2023 was no exception. 2024 promises more of the same – it being a Presidential election year, some FDA decisions (increased access to medications used to terminate pregnancy, to cite one obvious example) will feature prominently in the campaign….By:…
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Antitrust & Competition Life Sciences Year in Review 2023
Despite increasingly aggressive rhetoric from the agencies, 2022 was largely characterized as “business as usual” in the antitrust world. In contrast, 2023 featured a significant step up in enforcement activity, including multiple challenged transactions and lengthy investigations in the life sciences space….By: Goodwin
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FTC Enters Consent Agreement With Blackbaud Following Major Data Breach
On February 1, the Federal Trade Commission (FTC or “the Commission”) announced that it had reached a settlement with Blackbaud, a software company, resolving claims related to a 2020 data breach that resulted in the compromise of millions of consumers’ personal information….By: WilmerHale
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FBinsure Files Official Notice of Data Breach Impacting an Unknown Number of People
On February 20, 2024, FBinsure, a subsidiary of Patriot Growth Insurance Services, LLC., filed a notice of data breach with the Attorney General of Massachusetts after discovering that an unauthorized actor had accessed the company’s IT network. In this notice, FBinsure explains that the incident resulted in an unauthorized party being able to access consumers’…
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Cogdell Memorial Hospital Notifies Patients of October 2023 Data Breach
On December 7, 2023, Scurry County Hospital District dba Cogdell Memorial Hospital (“Cogdell”) posted a notice on its website confirming that the company recently experienced a cyberattack. In this notice, Cogdell explains that the incident resulted in an unauthorized party accessing consumers’ sensitive information, including their names, addresses, dates of birth, Social Security numbers, medical…
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Aquent and CIGNA Affected by Third-Party Data Breach at Prospect Medical Holdings
On January 31, 2024, Prospect Medical Holdings, Inc. (“Prospect Medical”) filed a notice of data on behalf of Aquent after discovering that an unauthorized party was able to access Prospect Medicals’ IT network. In this notice, Prospect Medical explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which…
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Northwestern Mutual Life Insurance Customer Information Leaked Due to Vendor Data Breach
On February 16, 2024, Newport Group, Inc. (“Newport”) filed a notice of data breach with the Attorney General of Montana after discovering that confidential information related to Northwestern Mutual Life Insurance Company customers was exposed to unauthorized access due to a third-party vendor data breach at Infosys McCamish. In this notice, Newport explains that the…
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The Superior Court of Connecticut Accepts All of Plaintiff’s Subjective Complaints at Face Value.
Puglia v. Safeco Ins. Co. of Illinois, 2023 WL 8059335 (Sup. Ct. New Haven, Nov. 15, 2023) – This matter involved a simple uninsured motorist claim and damages dispute between the insured plaintiff and her insurance company. The 79-year-old plaintiff offered evidence that indicated she was “remarkably healthy” prior to the incident and subjective claims…
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Netanyahu Issues First Plan for Postwar Gaza
The proposal, which calls for indefinite Israeli military control and buffer zones in the territory, rankled Arab nations and was rejected by Palestinians.
