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Press Releases

Press Release Mistake Leads to $2.4 Million HIPAA Penalty for Health System

by Nossaman LLP on

On May 10, 2017, the U.S. Health and Human Services Department Office for Civil Rights (“OCR”) announced an agreement whereby Memorial Hermann Health System (“MHHS”) will pay a $2.4 million penalty for releasing a patient’s...more

Memorial Hermann’s Use of Patient Name in Press Release Leads to $2.4 Million HIPAA Settlement

The U.S. Department of Health and Human Services Office for Civil Rights (OCR) announced another large HIPAA-related settlement last week with Memorial Hermann Health System (Memorial Hermann), the largest not-for-profit...more

Roche's Subcutaneous Rituximab Gets Unanimous Recommendation from FDA Advisory Committee

by Goodwin on

In a press release, Roche announced today that FDA’s Oncologic Drug Advisory Committee has voted unanimously in favor of a subcutaneous injection of rituximab for the treatment of certain blood cancers, including previously...more

Press Releases Sink Private Offering

The opinion of the SEC in KCD Financial Inc. upholds a FINRA disciplinary action against a FINRA member broker-dealer that sold securities in a private placement when no exemption from registration was available....more

Express Scripts Announces New Program for Biologics

by Goodwin on

On Thursday, September 8, Express Scripts introduced its Inflammatory Conditions Care Value Program, which it says is a “comprehensive approach to control costs and improve care for people with inflammatory conditions like...more

EU Commission and United States agree on new framework for transatlantic data flows: EU-US Privacy Shield

What follows below is the EU’s press release regarding the agreement on a replacement for the EU-US Safe Harbor. We are working to get details and will schedule a webinar on the new framework shortly....more

BREAKING: Connecticut Department of Labor Commissioner to Retire At End of Year

by Shipman & Goodwin LLP on

Sharon Palmer, the Commissioner of the Connecticut Department of Labor, will retire at the end of this year, news that was first reported by the CT Mirror website. According to CT Mirror: In an interview, she...more

Financial Services Weekly News - September 2015 #4

by Goodwin on

Regulatory Developments - NYDFS Announces Approval of First BitLicense Application from a Virtual Currency Firm: The New York State Department of Financial Services (NYDFS) announced Sept. 22 that it has approved...more

NYSE Amends Rules for Release of Material News

by Goodwin on

Changes to Notification Requirements - Notifications During Pre-Market Hours. Currently, Rule 202.06 requires listed companies to notify the NYSE at least 10 minutes before they release material news “shortly before the...more

FCA Launches New UK Financial Services Register

On September 3, the Financial Conduct Authority (FCA) published a press release in connection with its September 7 launch of a new and updated version of the UK Financial Services Register (the “Register”)....more

SEC, Insider Trading and Cyber Security: An International Hacking—Insider Trading Ring

by Dorsey & Whitney LLP on

Cyber security is a key focus for virtually everyone these days. The SEC, for example, has been issuing releases discussing disclosure requirements and offering guidance for a number of years. Prominent issuers have reported...more

NYSE MKT Amends Rules on How Listed Companies May Disclose Material News

by Ballard Spahr LLP on

Recent amendments to the NYSE MKT Company Guide provide that NYSE MKT-listed companies can comply with that Exchange’s immediate release policy by disseminating required information using any method or combination of methods...more

ECON Adopts Resolution on CMU

On June 16, 2015, the European Parliament published a press release announcing that its Economic and Monetary Affairs Committee (ECON) has adopted a resolution on the capital markets union (CMU). The adopted resolution has...more

On the Eve of Tax Day, DOJ Gently Reminds Taxpayers to File Timely and Accurate Returns

by Blank Rome LLP on

Every year as April 15 approaches, we observe an uptick in the frequency of Internal Revenue Service and Justice Department press releases announcing criminal charges against individuals accused of violating the tax laws. ...more

The Power of the Press Release II: A Suggestion For Heightened Scrutiny of Governmental Prosecutorial Pre-trial Public...

by Weintraub Tobin on

In Russell G. Ryan’s recent thoughtful article in the Wall Street Journal entitled “Get the SEC Out Of The PR Business,” he raised several issues that resonate well beyond the practices of the SEC and into the world of...more

Federal Regulatory Authority and Power of the Press Release

by Weintraub Tobin on

Among the unstated powers of the federal (and sometimes state) government that few litigation targets think about is the power of the press release. Prosecutors, whether at the agency level or above (for example, at the state...more

‘Disrupting the Press Release’ Report Directs the Conversation

by Greentarget on

The “Disrupting the Press Release” survey and report announcement has created quite the buzz within the PR community. We’re happy to have started a much needed dialogue on a fundamental tool that’s used by our profession to...more

IRS Reminds Tax-Exempt Organizations About Important Filing Deadline

by Foley Hoag LLP on

The Internal Revenue Service (IRS) has issued a news release (IR-2014-57), alerting tax-exempt organizations regarding the May 15 filing deadline for the Form 990. Tax-exempt organizations with a December 31 fiscal year end...more

The Good, the Bad and the Offer: Law, Lore and FAQs

by Latham & Watkins LLP on

An Updated Look at the World of Offers - It all seems simple enough. The concept of “offer” is broad under the securities laws, so companies and underwriters need to be careful about any publicity in connection with a...more

Are Press Releases Useful?

by Blattel Communications on

Every week, key company executives receive emails from their marketing and communications teams with press releases attached for review. No doubt these documents elicit groans at times. More than one managing partner or...more

Managing the News Cycle to the Max

by Greentarget on

Whether you’re looking to make a big splash or go unnoticed, deciding when to release a major company announcement – good or bad – can play a strategic role in how the message is received among the media, the public and other...more

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