Senate Jobs Creation Bill Clears Major Procedural Hurdle

Senate Majority Leader Harry Reid’s proposed $15 billion jobs bill cleared a major hurdle Feb. 22, with the Senate voting 62-30 to invoke cloture and end debate on the bill…

Revised Obama Health Care Reform Plan Includes Medical Devices Industry Excise Tax

Revised health reform legislation released Feb. 22 by the White House includes a $20 billion excise tax on the medical device industry, a proposal that was vigorously…

Obama Seeks to Revive Health Care Reform by Raising ‘Cadillac Tax’ Threshold Again

President Obama offered a fresh $950 billion proposal Feb. 22 that would reduce the number of middle-class households that would be affected by an excise tax on high-cost insurance…

EPA Greenhouse Gas Emission Rule Expected Initially to Affect Fewer Than 400 Facilities

A final rule limiting greenhouse gas emissions from large industrial plants could set the annual emissions threshold for Clean Air Act permits at a level “substantially higher” than the…

Department of Interior, Atlantic Governors Agree to Form Consortium to Expedite Wind Power Permits

The Interior Department and the governors of 11 Atlantic states have agreed to form an Atlantic Wind Consortium to expedite the permitting process for offshore wind projects in the Outer Continental Shelf…

Class Claim Filed Against Google over Buzz Social Networking Service

Google’s Buzz social networking service unlawfully made Gmail users’ private data publicly available without their knowledge or authorization in violation of…

ANALYSIS: Complying with the HIPAA Privacy and Security Mandates under the HITECH Act: A Business Associate’s Perspective

The HITECH Act’s business associate provisions, which took effect Feb. 17, make business associates directly responsible for complying with certain provisions of the HIPAA privacy rule…

District Court to Hear Fraud Claims by Norwegian Municipalities Against Citigroup Entities

Applying the “conduct test,” the U.S. District Court for the Southern District of New York concluded Feb. 17 that it has jurisdiction over a securities fraud suit by seven Norwegian…

Investors in Hedge Funds that Held Securities Litigation Uniform Standards Act Securities Foil Preemption Challenge

The 1998 Securities Litigation Uniform Standards Act does not preclude investors’ securities fraud claims against the administrators of hedge funds whose portfolios include covered securities, the U.S. District Court for the Southern District of New…

ANALYSIS: 2010 Brings Raft of New U.S. Privacy Rules for Asset Management Businesses

Nathan J. Greene and Jesse P. Kanach, Shearman & Sterling LLP, write about a host of new privacy rules for investment management businesses…

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