ArticleHouse Chairmen Selected For 113th CongressHouse Republicans took an organizing step forward for the 113th Congress by selecting Committee Chairmen this week. United StatesGovernment, Public SectorDrinker Biddle & Reath LLP
ArticleChallenging Secured Creditors’ Liens In FCC LicensesRecently secured parties, including some indenture trustees, have found the priority, scope, validity and enforceability of seemingly properly perfected security interests in Federal Communications Commission ("FCC") licenses, authorizations and permits, and any proceeds or value derived therefrom, challenged by creditors in bankruptcy proceedings.United StatesInsolvency/Bankruptcy/Re-StructuringDrinker Biddle & Reath LLP
ArticleNAIC Announces ORSA Model Act Comment PeriodOn Wednesday, April 4, the National Association of Insurance Commissioners’ (NAIC) Group Solvency Issues (E) Working Group released the NAIC Own Risk and Solvency Assessment (ORSA) Model Act for public comment. United StatesInsuranceDrinker Biddle & Reath LLP
ArticleFCC Denies Petition To Change Its Rules So That It Could Preside Over Class ActionsThe FCC recently denied a petition that had asked it to amend its rules so that it could preside over class actions.United StatesMedia, Telecoms, IT, EntertainmentDrinker Biddle & Reath LLP
ArticleKahn v. M&F Worldwide Corporation: Delaware Supreme Court Clarifies Standard Of Review For Interested TransactionsIn "Kahn v. M&F Worldwide Corp.", the Delaware Supreme Court upheld the finding of the Delaware Court of Chancery.United StatesCorporate/Commercial LawDrinker Biddle & Reath LLP
ArticleNAIC Update: Spring 2013 MeetingThe National Association of Insurance Commissioners held its Spring 2013 National Meeting from April 6 to 9 in Houston, Texas. United StatesEmployment and HRDrinker Biddle & Reath LLP
ArticleSupreme Court Broadens Sarbanes-Oxley Whistleblower Protections, Extends Coverage To Employees Of A Public Company’s Private ContractorsIn its March 4, 2014, opinion in "Lawson v. FMR LLC" the Supreme Court extended the whistleblower protections of 18 U.S.C. § 1514A.United StatesEmployment and HRDrinker Biddle & Reath LLP
Article"Court Tosses ’10 Rittenhouse’ Owners Bankruptcy Filing"As the old saying goes, "History repeats itself." During the savings and loan industry crisis of the late 1980s, bankruptcy courts were inundated with cases filed by developers of failed real estate projects where — in the days before electronic filing — bankruptcy lawyers went to the courthouse and filed the bankruptcy petition on the eve of the foreclosure sale or immediately after the hearing on the mortgagee's petition for appointment of a receiver.United StatesCorporate/Commercial LawDrinker Biddle & Reath LLP
ArticleSEC Finally Proposes Pay Ratio DisclosureSection 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted on July 21, 2010, requires the Securities and Exchange Commission to amend Item 402 of Regulation S-K to require disclosure of the median of the total annual compensation of all employees of an issuer (excluding the chief executive officer).United StatesCorporate/Commercial LawDrinker Biddle & Reath LLP
ArticleFINRA’s Reminder About Rollovers: News To ManyA number of government and regulatory agencies have focused on the practices surrounding 401(k) rollovers to IRAs.United StatesFinance and BankingDrinker Biddle & Reath LLP
ArticleSneak Peak at Upcoming ACO Risk Sharing, Quality Measure and Beneficiary Assignment Regulations?Medicare Payment Advisory Commission (MedPAC) Chairman, Glen Hackbarth, recently submitted comments in response to the Center for Medicare & Medicaid Services’ (CMS).United StatesFood, Drugs, Healthcare, Life SciencesDrinker Biddle & Reath LLP
ArticleThe FDA Proposes New Rule On Unique Medical Device Identification And Marking RequirementsThe United States Food and Drug Administration (FDA) has proposed a rule establishing a unique device identification system for medical devices and requiring a unique device identifier (UDI) to be placed on medical devices and device packages. United StatesFood, Drugs, Healthcare, Life SciencesDrinker Biddle & Reath LLP
ArticleInsurance Companies Take Steps To Reduce Their Risks Under Guarantees In Outstanding Variable ContractsAn insurer that wishes to take steps to reduce the risks of the lifetime income guarantees under its outstanding variable annuity contracts should consider whether its proposed course of action is permissible under the terms of the contracts, the impact of disclosures in its existing prospectuses, the new disclosures that will be required and the suitability and other compliance issues that may arise under the federal securities laws. United StatesInsuranceDrinker Biddle & Reath LLP
ArticleShoring Up Your Proprietary SafeguardsConsider this scenario: Your company is a mid-sized business with significant R&D expenditures. United StatesIntellectual PropertyDrinker Biddle & Reath LLP
ArticleFinal Wellness Program Rules: New Requirements Will Likely Require Changes To Outcome-Based ProgramsThe Health Insurance Portability and Accountability Act of 1996 (HIPAA) generally prohibits group health plans and group health insurance issuers from discriminating against individual participants and beneficiaries based on a health factor.United StatesEmployment and HRDrinker Biddle & Reath LLP
ArticleDiscounted Tax Credits Soon To Be Available For Purchase By Insurers In PennsylvaniaThe Innovate in Pennsylvania Tax Credit was established, authorizing the Department of Community and Economic Development to sell up to $100 million of tax credits to insurance companies at a fraction of their value.United StatesTaxDrinker Biddle & Reath LLP
ArticleThe "Yale Professor Letters": What Sponsors Need To Know (And Do) NowOver the past two weeks, a Yale Law School professor has sent letters to approximately 6,000 sponsors of 401(k) plans implying that they may have breached their fiduciary duties with respect to plan costs and investments.United StatesEmployment and HRDrinker Biddle & Reath LLP
ArticleConsiders Changes To Data Privacy LegislationIn May 2009, the European Commission launched a public consultation on the European Union legal framework for the protection of personal data.European UnionPrivacyDrinker Biddle & Reath LLP
ArticleEU Considers Changes To Data Privacy LegislationIn May 2009, the European Commission launched a public consultation on the European Union legal framework for the protection of personal data.European UnionPrivacyDrinker Biddle & Reath LLP
ArticleSEC Sanctions Revlon Financial Makeover; Tips For Setting A Strong Foundation For Going Private Transaction SuccessThe SEC has recently entered into a cease and desist order and imposed an $850,000 civil money penalty against Revlon, Inc. in connection with a 2009 "going private" transaction. United StatesCorporate/Commercial LawDrinker Biddle & Reath LLP