
Advisory: First Circuit Rejects Attempt to Impose Rule 10b-5 Primary Liability for "Implied" Statements
March 2010 - Last week, in a closely-watched case, the United States Court of Appeals for the First Circuit, sitting
en banc, upheld the dismissal of Rule 10b-5 securities fraud claims brought by the US Securities and Exchange Commission (SEC) against two officers of a firm that underwrote and marketed...
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Advisory: SEC Adopts Restrictions on Short Sales
March 2010 - On February 24, 2010, the US Securities and Exchange Commission (SEC) adopted a new short sale pricing rule that imposes restrictions on short selling in a particular stock only when that stock's price declines on any day by 10% or more from the prior day's closing price...
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Advisory: HRSA Issues Revised Guidelines for 340B Contract Pharmacy Services
March 2010 - On March 5, 2010, the Health Resources and Services Administration (HRSA) issued a Final Notice regarding contract pharmacy services and the 340B Drug Pricing Program. Effective April 5, 2010, these guidelines replace HRSA's previous guidance on this issue. Previously...
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News: Head of US Department of Justice's Criminal Healthcare Fraud Enforcement Kirk Ogrosky Joins Firm
March 2010 - Kirk Ogrosky, a veteran white collar prosecutor at the US Department of Justice, today joined Arnold & Porter LLP as a partner in the white collar criminal defense and FDA/healthcare practices. Mr. Ogrosky's arrival is part of the firm's effort to broaden its white collar...
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