New Law Establishes a Bill of Rights for CCRC Residents and Streamlines Several Statutory Requirements for CCRCs

by Wiggin and Dana LLP | Sep 15, 2019

On June 23, 2015, Governor Malloy signed into law Public Act. No. 15-115, An Act Establishing a Bill of Rights for Residents of Continuing-Care Retirement Communities (“the Act”). The Act establishes several protections for residents of continuing care...

SEC Issues Interpretive Guidance on General Solicitations

by S Z | Sep 15, 2019

On August 6, the SEC’s Division of Corporation Finance offered interpretive guidance with respect to conducting a private placement under Rule 506(b) of Regulation D without running afoul of the “general solicitation” restrictions of Rule 502(c)....

Insurance News, Summer 2015

by Wiggin and Dana LLP | Sep 15, 2019

Michael Menapace Testifies as Expert Before U.S. Senate on Cyber Insurance Issues The U.S. Senate Commerce Committee asked Michael Menapace to testify as an expert witness at a hearing called by the Subcommittee on Consumer Protection, Product Safety, Insurance and...

OCIE’s Cybersecurity Risk Alert Provides Insight for Investment Advisers into Peer Practices

by S Z | Sep 15, 2019

On February 3, 2015, the SEC’s Office of Compliance Inspection and Examinations (“OCIE”) released a risk alert titled Cybersecurity Examination Sweep Summary providing an overview of how investment advisers and broker-dealers are addressing the...

The $750 Million Comma? BP Is Not Entitled to Coverage for the Gulf Oil Spill as an Additional Insured Under Policies Issued to Transocean

by S Z | Sep 15, 2019

The Supreme Court of Texas ruled on February 13, 2015, that BP is not entitled to coverage as an additional insured under insurance policies Transocean procured for the Deepwater Horizon. We previously wrote about the insurance coverage dispute concerning subsurface...