A roundup of timely estate planning and tax news as 2019 comes to a close, prepared by Gunster’s private wealth services attorneys.
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On November 5, 2019, the Office for Civil Rights at the U.S. Department of Health and Human Services entered into a settlement with the University of Rochester Medical Center to pay $3 million dollars to the OCR and take substantial corrective action for potential violations of the HIPAA privacy and security rules.
On November 5, the SEC announced two significant proposals affecting shareholder voting. One proposal would impact proxy advisory firms and the second proposal would impact shareholder proposals.
The U.S. Fish and Wildlife Service and the U.S. Army Corps of Engineers Jacksonville District have finalized their new Florida Bonneted Bat Consultation Guidelines and Florida Bonneted Bat Consultation Key.
The Department of Justice reports that for each $1 spent on health care-related fraud and abuse investigations, the government is recovering more than $4. With this type of return on investment, we continue to see providers undergoing audits by government payors such as Medicare, Medicaid and TRICARE, as well as commercial payors. Below are some […]
The Affordable Care Act (ACA) authorized the Secretary of the Department of Health and Human Services (HHS) to mandate that physicians who treat Medicare and Medicaid beneficiaries establish a compliance program. As of this date the Secretary has not issued a regulation making this mandatory. However, the HHS Office of Inspector General (OIG) has issued […]
On September 26, the SEC adopted new rules that will allow all companies, regardless of size or reporting status, to use “testing the waters” communications. Under the new rules, any issuer or any person authorized to act on the issuer’s behalf will be able engage in oral or written communications to qualified institutional buyers and […]
On Tuesday, the U.S. Department of Labor finalized its rule regarding the salary thresholds for the Fair Labor Standards Act’s overtime exemptions for so-called “white collar” workers. The FLSA requires that American employees receive minimum wage and overtime pay, unless they are subject to one of the law’s exemptions. The overtime exemptions for executive, administrative, […]
On September 6, the SEC announced a change in its process for responding to no-action requests regarding shareholder proposals. In the past, a company seeking to exclude a shareholder proposal could submit a no-action request stating the basis for exclusion, and the SEC would respond in writing indicating whether or not it agreed with the […]
The week of August 19 was a very busy one on two fronts. First, on August 19, the Business Roundtable issued a Statement on the Purpose of the Corporation, signed by the CEOs of 181 major American companies, saying that the purpose of the corporation is to act in the interests of all its stakeholders, […]