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Latest from McGuireWoods LLP

Funding the Government On Monday evening, congressional negotiators announced a deal in principle on border security to avert a government shutdown at midnight tomorrow, provided it passes both chambers and the President agrees to sign it into law. The agreement provides $1.375 billion for 55 miles of physical barriers on the southern border, well below the President’s initial $5.7 billion request. The funds are included in a seven-bill omnibus appropriations package that also funds the…
At Password Protected we strive to inform readers of recent developments in data privacy law.  While California Consumer Privacy Act (CCPA) is forcing new changes to data privacy policies, procedures and practices, we want to remind you of an older California data privacy statute, called Shine the Light Law (STL), which still remains in effect following passage of the CCPA.  The STL may have fallen to the wayside in your compliance program with all the…
House Hearings House Committee on Energy and Commerce, Subcommittee on Health: Texas v. United States: The Republican Lawsuit and Its Impacts on Americans with Pre-Existing Conditions On Feb. 6, the House Committee on Energy and Commerce’s subcommittee on health held a hearing on how a federal judge’s ruling in Texas could affect protections of pre-existing conditions under the Affordable Care Act (ACA). Find a link to witness testimonies, member statements and the hearing live feed here.…
Over the past several years, there has been a renewed discussion about the dearth of women in private equity firms and a new energy for making change. Private equity firms recognize that in the shifting landscape of new limited partner players, evolving target company leadership and focus and a shifting role of women generally in the U.S. economy, long-term success hinges on the recruitment, advancement and retention of women in private equity. Although the portion…
Penetration testing or conducting a pen test can be a key element in a firm’s arsenal to protect itself against cyber intrusions. Firms use pen tests to test potential vulnerabilities of their networks, determine where there may be gaps, and assess their cybersecurity defenses. Today’s post is the fourth in a series of summaries sharing essential, timely insight on how these practices may impact your business. Please click here for the first, second, and…
McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are profiling women leaders in private equity throughout 2018. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity in a way that best challenges and motivates them, which these impressive women have all done. This month,…
State of the Union Congress convened a joint session on Tuesday evening for the President to deliver his State of the Union address, themed “choosing greatness.” The President focused on five policy areas: immigration, trade, infrastructure, healthcare, and national security. Of note, Trump called on Congress to pass legislation aimed at lowering prescription drug prices and to produce an infrastructure package. The House Transportation and Infrastructure Committee is holding its first in a series of…
Rockwood Equity Partners has announced it completed a management buyout of SYNEO. SYNEO, headquartered in West Palm Beach, Fla., is a provider of manufacturing equipment, cutting tools and services for the medical device and electronics manufacturing industries. The company’s primary solutions serve catheter, guidewire and minimally invasive medical device applications. Rockwood, headquartered in Cleveland, is a lower-middle-market private investment firm. The firm targets companies in healthcare and a few other sectors with $10…
On Jan. 29, 2019, the 9th U.S. Circuit Court of Appeals, in a strikingly broad decision, raised the bar for employers’ compliance with the Fair Credit Reporting Act (FCRA). In Gilberg v California Check Cashing Stores LLC, the court held that an employer violates the FCRA by including, in a pre-background check notice form, information about a job applicant’s rights under various state laws. This decision will require significant revision of many employers’ FCRA…
House Hearings Oversight and Reform Committee: Examining the Actions of Drug Companies in Raising Prescription Drug Prices On Jan. 29, the House Committee on Oversight and Reform held a hearing to determine business practices of pharmaceutical manufacturers as well as possible explanations for and solutions to rising drug prices. Find a link to witness testimonies, member statements and the entire hearing here. Why this is important: Committee members emphasized major concerns that are widespread in both the…