FDA Alerts Medical Device Manufacturers and Hospitals to Cybersecurity Risks
On June 13, 2013, the Food and Drug Administration (“FDA”) issued an alert and draft guidance recommending that medical ...
SEC Proposes Reforms for Money Market Funds
On June 5, 2013, the Securities and Exchange Commission (the “SEC”) voted unanimously to propose significant new reforms for money market funds (&ldquo ...
Supreme Court Rules that Isolated Human Gene is Not Patent Eligible in AMP v. Myriad
On June 13, 2013, the Supreme Court unanimously held in Association for Molecular Pathology v. Myriad Genetics, Inc., that an isolated but otherwise unmodified segment ...
Fourth Circuit Oral Argument Considers Questions Concerning Constitutionally Problematic FCA Fines
The Fourth Circuit recently heard oral argument in United States ex rel. Bunk v. Gosselin World Wide Moving (12-1369).[1] During oral argument, the ...
Online Currency Exchange Alleged to Have Laundered Billions for Criminal Enterprises Around the World
In a three-count indictment unsealed on May 28, 2013, the U.S. Attorney’s Office for the Southern District of New York alleged ...
CFTC Adopts Final Rules Requiring Execution of Swaps on Organized Facilities
On May 16, 2013, the U.S. Commodity Futures Trading Commission (the “CFTC”) adopted several rules relating to swap execution. These much-anticipated ...
Ropes & Gray’s Investment Management Update: April 2013 - May 2013
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry: SEC Investor Advisory Committee Recommends Increased Disclosure for Target-Date ...
FDA Scrutinizes Mobile Medical App – Intriguing Letter to App Developer Precedes Expected Release of Final Guidance
On May 21, 2013, the Food and Drug Administration (“FDA”) issued an “It Has Come to Our Attention Letter”[1] to ...
Antitrust Team Analyzes Overhaul of Hart-Scott-Rodino Act for CPI
Ropes & Gray antitrust counsel Deidre Johnson and associates Simone Waterbury, Jonathan Cheng and Adam Eckart wrote “HSR Rule Changes: A Look Back (and ...
"Social Media Usage in the Financial Services Industry: Toward a Business-Driven Compliance Approach," Journal of Taxation and Regulation of Financial Institutions
Social media use by the financial services industry is prevalent and can be expected to grow as the social networks continue to expand and become ...
China Clarifies Requirements for Supplementary Information for Medical Device Evaluation
The Center for Medical Device Evaluation (the “CMDE”) recently clarified its requirements on supplementary information for medical device evaluation in connection with the ...
U.S. Supreme Court to Review Burden of Proof to Apply in Patent Licensee Challenges
In 2007, the United States Supreme Court ruled that patent licensees could challenge their obligation to pay patent license royalties under a license agreement without ...
SEC Issues IM Guidance Update on Compliance with Exemptive Orders
On May 6, 2013, the SEC’s Division of Investment Management issued a guidance update for registered funds and investment advisers that rely on ...
China FDA Announces Key Appointments and Restructuring Plan
Following its recent re-elevation to the ministry level and the appointment of a new Commissioner in March, Mr. Yong Zhang, former Director of the ...
FCC Rules Sellers May Be Vicariously Liable for Third-Party Telemarketers’ Violations of Telephone Consumer Protection Act
The Federal Communications Commission (“FCC”) recently declared that sellers of products and services can be held vicariously liable for actions of third-party ...
Bond is Back
Opportunities for investors in European HY Debt Record amounts of HY issuance in Europe since 2010, much of which has refinanced the LBO bank debt ...
OIG Updates Special Advisory Bulletin on the Effect of Exclusion from Participating in Federal Health Care Programs
On May 8, 2013, the Office of Inspector General of the Department of Health and Human Services (“OIG”) released an Updated Special ...
Private Client Partners Discuss Charitable Giving and Estate Planning with Harvard’s Planned Giving Office
Private client group partners Rob Shapiro and Cameron Casey were interviewed by Anne McClintock, executive director of Harvard's University Planned Giving office, in a ...
Sixth Circuit Applies Strict Precondition of Payment Requirement to Reverse $11.1 Million FCA Judgment
The U.S. Court of Appeals for the Sixth Circuit, in United States ex rel. Hobbs v. MedQuest Associates, Inc., 711 F.3d 707 (6th ...