EB-5 Program Extended as-is through December 11, Increased Minimum Investment Amounts Likely Thereafter
On September 30, the U.S. House of Representatives passed a Continuing Resolution that will fund the government and extend the Immigrant Investor (EB-5) Pilot Program through December 11, 2015.
Texas Pharmacists to Substitute Biosimilars - Board of Pharmacy Releases New Rules
On September 25, 2015, the Texas Board of Pharmacy issued proposed rules that will allow pharmacists to substitute interchangeable biological products for brand name drugs.
Cybersecurity Initiatives Intensify at the SEC: Enforcement Action against Investment Adviser and a Second Round of Cybersecurity Exams
As cyber threats and news of data breaches make headlines, the Securities Exchange Commission has increased its expectations for investment advisers, broker-dealers, and funds to protect client inform...
Bureau of Ocean Energy Management Proposes to Increase its Supplemental Bonding Requirements
Under longstanding regulations governing its risk management program, Bureau of Ocean Energy Management may require an offshore oil and gas lessee or operator operating on the Outer Continental Shelf ...
Recent False Claims Act Settlements Focus on Stark Violations and Physician Compensation
In a short three-week period, the U.S. Department of Justice announced three large, multi-million dollar False Claims Act settlements involving Stark Law violations.
Issuing Banks Obtain Class Certification in Target Data Breach MDL
Financial institutions are moving forward in their multidistrict litigation lawsuit against Target following the company’s 2013 payment card breach.
Visa Bulletin Changes Allow for Earlier Filing of Green Card Applications
On September 9, 2015, the Department of State and U.S. Citizenship and Immigration Services announced a transformation of the way the Department of State’s visa bulletin functions.
Securities Litigation and Class Action Takeaways from the Fifth Circuit’s Decision in the Deepwater Horizon Case
The Fifth Circuit Court of Appeals recently affirmed a district court ruling regarding class certification in a securities class action, Ludlow, et al. v. BP, PLC, et al., stemming from th...
U.S. Further Eases Cuba Sanctions
The U.S. Treasury Department Office of Foreign Assets Control has amended its Cuban Assets Control Regulations to, in OFAC’s words, “further implement elements of the policy announced by the President...
FTC Reminds Investment Funds that Reliance on "Investment Only" Exemption from HSR is Risky Business
In late August 2015, the Federal Trade Commission (“FTC”) announced a settlement with three investment funds managed by Third Point LLC (“Third Point”) for alleged violations of the Hart-Scott-Rodi...