Failure to Comply with HSR Premerger Notification Requirements Result in a $5.6 Penalty Against Two Foreign Corporations

by Wiggin and Dana LLP | Sep 15, 2019

On June 24, 1997, the U.S. District Court for the District of Columbia entered a final judgment on a proposed consent decree in the matter of U.S. v. Mahle GmbH, Civ. Act. No. 97-1404, 1997-2 Trade Cases ¶ 71,868. The consent decree required that Mahle GmbH and...

Avoid Unenforceable Termination Fee Provisions in Mergers and Acquisitions Agreements-Delaware Case Provides More Detailed Scrutiny – Mergers and Acquisitions

by Wiggin and Dana LLP | Sep 15, 2019

In May 1997, the Delaware Supreme Court issued a decision in Brazen v. Bell Atlantic that will require more careful consideration of the purpose and scope of termination fee (or so-called “break-up fee”) provisions in merger agreements to ensure that such...

Why Do You Need an Estate Plan?

by Wiggin and Dana LLP | Sep 15, 2019

The basic purpose of estate planning is to create an effective and sensible disposition of your property during life and at death. Each client is unique, so while there are certain standard techniques and tools available to the estate planner, there are no standard...

HHS Issues Final Federal Privacy Regulations

by S Z | Sep 15, 2019

  Dear Clients and Other Friends of the Firm (Intro. Letter)   This is an introductory advisory on the final HIPAA privacy rule. Theadvisory summarizes the key features of the rule, highlights severalareas of significant change from the proposed rule, and...

The Basics – Federal Estate and Gift Taxes 101

by Wiggin and Dana LLP | Sep 15, 2019

Since 1976 the federal government has had a unified estate and gift tax. Generally, under this system each individual gets a tax credit which can be used to shelter a certain amount of gifts made either during life (in which case the credit is applied against the gift...