News & Analysis as of

Fund Distribution

Jones Day

Rising Fraudulent Claims Submitted to Class Action Settlement Funds Heighten Settlement Risk

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Consumers frequently receive only a paltry fraction of class action settlement funds, which are instead doled out to plaintiffs’ lawyers, cy pres recipients, and administrators. Now this problem is compounded by a recent...more

Goodwin

How Fund Terms and Approaches Vary by Asset Class, in Four Charts

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Asset classes vary when it comes to setting and calculating hurdle rates, determining catch-up provisions, and starting successor funds. In Goodwin’s Fund Terms Intelligence series, we highlight those differences by...more

Jackson Lewis P.C.

You Don’t Have To Go Home, But You Can’t Stay Here

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It’s 2024, which means a new batch of provisions from SECURE Act 2.0 have gone into effect. One of the more significant ones is an increase in the “cashout” limit that a qualified plan can impose to kick former employees with...more

Rivkin Radler LLP

Intercompany Loan Treated As Constructive Distribution and Contribution

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Heads I Win, . . . - When closely held corporations that are under common control engage in any intercompany transaction, it is prudent for the corporations and their shareholders to ensure that the transaction is being...more

Goodwin

Half of private investment funds set hurdle rates at 8% but rates differ by asset class and strategy

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Private equity funds show the least variation, with 80% of PE funds setting hurdle rates at 8%. Real estate funds are almost as likely to set rates at 7% or 9% as 8%....more

Cozen O'Connor

Broad Street Brief: Mayoral Candidate Outlines Public Safety Plan; Race for City Controller Heats Up; City to Receive Federal...

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CITY HALL- Pennsylvania Commonwealth Court’s Ruling on School Funding May Have Important Ramifications in Philadelphia- As Pennsylvania’s largest city, Philadelphia also has the state’s largest — and poorest — public...more

McDermott Will & Emery

A Practical Guide to the Undistributed Settlement Funds Problem and the Cy Pres Solution

When you finally reach an agreement to settle a hotly contested class action, you want more than anything for the court to approve your settlement agreement and for the case to be over. But, to get to the end of the case,...more

Fox Rothschild LLP

Undistributed Income & the Burdens of Fennell

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Child support has aspects of persistent chaos in a day when more and more people work in a “gig” economy and many are self-employed. As we have noted in the past, it is not common for those who are well compensated to see...more

Rivkin Radler LLP

Current Partnership Distributions: When Do You Figure Your Basis?

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Withdrawing Value- In general, the owners of a closely held business have several options by which they may withdraw money from the business without selling their interest in the business....more

McDermott Will & Emery

HHS Announces Provider Relief Fund Late Reporting Pathway

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Beginning on April 11, 2022, providers that failed to satisfy Provider Relief Fund (PRF) Period 1 or Period 2 reporting deadlines may apply to submit a late report based on one of six extenuating circumstances, including...more

Sheppard Mullin Richter & Hampton LLP

Alert to Providers: Another Shot to Comply with Provider Relief Fund Reporting Requirements

As of April 11, 2022, the Health Resources & Services Administration (“HRSA”) is now offering providers who missed the original Provider Relief Fund (“PRF”) reporting deadlines the opportunity to request the ability to report...more

Roetzel & Andress

Minor Settlements in Ohio

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In an ever-changing legal environment, one thing has always remained true – minor settlements in Ohio require Probate approval, no matter how small. The process may seem daunting, but ultimately there are only three primary...more

Goodwin

FinCEN Proposes Rule for SARs Sharing Pilot Program

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In This Issue. The Financial Crimes Enforcement Network (FinCEN) issued a proposed rule about the establishment of a limited-duration pilot program for sharing suspicious activity reports (SARs); FinCEN published the final...more

Goodwin

Guidelines on Marketing Communications Under the Regulation on Cross-Border Distribution of Funds

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SCOPE - On 2 August 2021, The European Securities and Markets Authority (“ESMA”) published the Guidelines on Marketing Communications (the Guidelines) under the regulation on cross-border distribution of funds, which...more

Goodwin

FINRA Adopts New Rules to Address Firm Misconduct

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In This Issue. The Financial Industry Regulatory Authority (FINRA) adopted new rules to address firms with a significant history of misconduct; the Securities and Exchange Commission (SEC) issued an order approving rule...more

Goodwin

The Cross Border Distribution of Funds Directive – Practical Issues Arising From Implementation Across the EU

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The purpose of this Client Alert is to consider some practical issues for managers when undertaking pre-marketing activities in the European Union following the implementation of the Cross Border Distribution of Funds...more

McDermott Will & Emery

HHS Announces Provider Relief Fund Period 1 Reporting Grace Period and Phase 4 Distribution

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On September 10, 2021, the US Department of Health and Human Services (HHS) Health Resources and Services Administration (HRSA) made several important announcements regarding the Provider Relief Fund (PRF) and its approaching...more

BakerHostetler

[Podcast] The CARES Act Provider Relief Fund: A Moving Target

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Partner Jessica Captain Novick shares insights on the CARES Act Provider Relief Fund and what providers need to know for the requirements for general distribution funds, the relevant terms and conditions, reporting...more

Faegre Drinker Biddle & Reath LLP

Despite Absence of Settlement, Unclaimed Funds To Be Distributed To Government Or Charity Rather Than Revert To Dish Network

Last week, the federal judge presiding over a class action against Dish Network (“Dish”) denied a request for reversion of $11 million in unclaimed funds, deciding instead that the funds—which were the product of a trial...more

McDermott Will & Emery

Provider Relief Fund (PRF): General and Targeted Distributions

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[co-authors: Mara McDermott and Katie Waldo, McDermott+Consultants] This report from McDermott Will & Emery and McDermott+Consulting provides a detailed analysis of the latest Provider Relief Fund (PRF) distributions,...more

Roetzel & Andress

HHS Announces That It Is Now Accepting Applications For Provider Relief Fund Phase 2 General Distribution Payments From Certain...

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On August 10, 2020, The Department of Health and Human Services (HHS) issued a release announcing that certain Medicare providers are now eligible to submit applications to receive Provider Relief Fund Phase 2 General...more

Husch Blackwell LLP

Department Of Education Issues Controversial Guidance On Distribution of Education Stabilization Funds

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On March 27, 2020, Congress enacted the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act in response to the Novel Coronavirus Disease 2019 (“COVID-19”). See H.R. 748. The CARES Act appropriated approximately...more

Mintz - Privacy & Cybersecurity Viewpoints

But Wait, There’s Less – Equifax Settlement Update

We know we told you yesterday about the Equifax settlement and how you could make a claim in connection with the breach. Well, consumers whose personal information was compromised in Equifax’s massive 2017 data breach are in...more

Winstead PC

Orders Denying Arbitration Are Immediately Appealable But Parties Must Wait Until After Arbitration to Appeal Orders Granting...

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In Fletcher v. Edward Jones Trust Co., a party sued a trust company for inappropriately distributing funds from an account, and the trial court granted the trust company’s motion to compel the dispute to arbitration. No....more

Kramer Levin Naftalis & Frankel LLP

New Public Alternative Funds: UPDATED

Please see Chart below for more information. ...more

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