For your reference, the most-read Corporate Law Report posts in June, 2012:
“Late last year, members of the Senate Judiciary Committee challenged regulators to step up enforcement of the Health Insurance Portability and Accountability Act…
Accordingly, the OCR has begun to audit organizations that are required to comply with HIPAA Rules. For your reference, here are six questions and answers regarding the 150 audits they are planning for 2012…” Read on>>
“On May 29, 2012, the Supreme Court ruled that debtors must allow lenders to “credit bid” when auctioning off assets as part of the bankruptcy reorganization process…
The ruling guarantees that secured creditors in Chapter 11 plans, like those in 363 sales, can ‘credit-bid’ (offer credit against a debt instead of cash) on the collateral securing their claims.” Read on>>
“The European Union’s ‘Cookie Directive’ went into effect on May 26, 2012.
The new law requires EU-owned websites, as well as those merely accessible to EU users, to tell visitors about cookies that track traffic on their sites. In addition, websites must obtain ‘informed consent’ from users before saving cookies to their computers.” Read on>>
“’This development likely will make it harder to prove willful infringement and could cost patentees millions of dollars because a showing of willful infringement is required for an award of enhanced damages.’ – Ballard Spahr LLP
For your reference, here’s an update on a recent Federal Circuit change to the willful infringement standard. From lawyers on JD Supra, what it all means.” Read on>>
“For your reference, a roundup of recent advisories on matters to do with international mergers and acquisitions, as written by leading law firms on JD Supra.” Read on>>
“In a unanimous decision published yesterday, the Supreme Court ruled in Freeman, et al. v. Quicken Loans, Inc., that Quicken Loans did not violate the Real Estate Settlement Procedures Act (RESPA) when it charged what plaintiffs considered to be ‘unearned’ settlement service charges.
RESPA rules bar unearned fees when they are split between two or more parties, but federal regulators have long sought to apply the prohibition to all such charges in real estate transactions.” Read on>>
“In November 2009, 57 unencrypted computer hard discs containing protected health information of more than one million people were stolen from a storage locker leased by Blue Cross Blue Shield of Tennessee (BCBST). Recently, the Department of Health and Human Services entered into a $1.5 million settlement with BCBST over privacy and security violations as a consequence of that data breach.
The sanctions represent the government’s first enforcement action against an entity that voluntarily filed a breach report under the terms of the Health Information Technology for Economic and Clinical Health (HITECH) Act.” Read on>>
“Here’s a quick look at what law firms on JD Supra have been writing recently about the Eurozone debt and banking crisis. For your reference…” Read on>>
“For your reference, here’s a roundup of recent legal advisories on the broad topic of doing business in the European Union and its member countries…” Read on>>
“One of the key components of the Patient Protection and Affordable Care Act is the establishment of health insurance exchanges in each state, intended to function as one-stop-shopping marketplaces where individuals and small businesses can select from affordable health care options.
To participate, insurers must offer qualified health plans that meet minimum standards of coverage as well as any additional requirements set by the states.” Read on>>
Find more corporate law news and updates on JD Supra>>