United States: Business News Digest - September 2013

Last Updated: September 12 2013
Article by Robert L. Waldman

LATEST NEWS AND ALERTS

Venable attorneys produce periodic alerts and newsletters covering a variety of topics and practice areas. For your convenience, we have assembled below a collection of the latest alerts and newsletters from August 2013. To view the full text of an article, please click on the title of the piece.

What to Expect When You're Selling Your Company – Indemnification

When it comes to negotiating a purchase agreement, one of the key components is indemnification, which is a contractual obligation by one party to reimburse another party for its losses. Although the concept of indemnification may not be new to you, it has its own characteristics, rules and implications in the context of selling a business.

Authors: James P. Dvorak, Allison C. Fishkind, and Erin E. Segreti

Association Membership and Program Restrictions and the Antitrust Laws: Don't Stumble Out of the Gate

Trade and professional associations benefit society by promoting various industries, professions, and other interests. To realize their goals, however, associations must sometimes limit membership in the association or association-sponsored programs. A recent court decision, Abraham v. American Quarter Horse Association, highlights how association restrictions can sometimes run afoul of the antitrust laws, especially where the restrictions are intended to, or have the effect of, foreclosing a competitor's ability to compete in the market.

Authors: Andrew E. Bigart, Robert P. Davis, and Jeffrey S. Tenenbaum

CFPB: July Roundup

Happy Second Birthday, CFPB! In July, the Bureau turned two years old. In that time, the Bureau has held field hearings in over 12 cities, received over 175,000 consumer complaints, and returned over $430 million to consumers. And, as the Bureau promises...they are just getting started.

Issue Editor: Suzanne Fay Garwood

The Download - August 2013

Featuring articles on new mobile guidance from the Digital Advertising Alliance; privacy, cybersecurity, and breach notification law updates from Capitol Hill; new additions to the FTC's COPPA FAQ guidance; and the September compliance deadline for new HIPAA regulations.

Issue Editors: Stuart P. Ingis and Michael A. Signorelli

FDA Serves Up Another Helping of Draft Guidance on Medical Foods

On August 13th, the Food and Drug Administration released a second version of its draft guidance on medical foods. The draft guidance, "Frequently Asked Questions About Medical Foods; Second Edition," addresses medical food labeling, physician supervision, and the scope of permissible diseases or conditions that medical foods may be labeled or marketed to manage.

Authors: David G. Adams, Todd A. Harrison, Claudia A. Lewis, Ralph S. Tyler, Michelle C. Jackson, John G. Moore, and Erin E. Seder

Federal Grant & Contract News for Nonprofits - August 2013

Several matters have recently arisen which are especially important for organizations that submit invoices or claims for funds from federal and/or state governments. As the current government fiscal year draws to a close, these events should remind nonprofits of the need to ensure strict compliance with federal procurement and grant requirements. Over the past several years, the federal government has utilized the civil False Claims Act with increasing frequency, and it appears that many states are looking to follow suit.

Authors: Dismas Locaria, Melanie Jones Totman, Elizabeth A. Buehler, and Jeffrey S. Tenenbaum

Food for Thought: Understanding FDA's Proposed Rules for Importers of Food and Dietary Supplements and How They May Impact Your Business

With approximately 15% of all food consumed in the United States coming from overseas, the U.S. Food and Drug Administration has renewed its focus on imported food safety and now seeks to place riskbased preventive controls squarely on the importing community. Comments on these Proposed Rules are actively solicited by the FDA. If you want to shape how these rules may be finalized, contact us to discuss how your comments may be submitted and reviewed by FDA before the November 26, 2013 deadline.

Authors: Lindsay B. Meyer, Ashley W. Craig, Matthew R. Rabinowitz, Claudia A. Lewis, Michelle C. Jackson, Todd A. Harrison, Ralph S. Tyler, and John G. Moore

IP Buzz - August 2013

Featuring articles on the legal use of marks in commerce, a patent troll suing The Gap over gift cards, patent term adjustment and the Exelisis cases, and Venable's recent amicus brief on behalf of the Biotechnology Industry Organization.

Issue Editors: Martin L. Saad, Meaghan Hemmings Kent, and Elissa Brockbank Reese

New Efforts in Bilateral Brand Protection: Positive Steps by Chinese and U.S. Authorities Demonstrate Partnership and Progress

The U.S. Joint Strategic Plan on Intellectual Property Enforcement was published recently and there are already encouraging signs of progress on the global brand protection front between the U.S. and China. On August 2nd, Shanghai No. 1 Intermediate People's Court ruled in favor of a company protecting its trade secrets against misappropriation by a former employee. The industry-friendly decision came just two days after U.S. Customs and Border Protection announced the seizure of more than 243,000 counterfeit consumer electronics, resulting from a successful joint enforcement operation with China, often considered the world's most prolific violator of intellectual property rights.

Authors: Lindsay B. Meyer, Justin E. Pierce, Marcella Ballard, and Amanda C. Blunt

No Bar is Off-Limits: SEC Enforces 2004 Order Barring Accountant

In a rare and aggressive move, the SEC recently sought a court order enforcing an almost decade-old SEC suspension of an accountant and forcing the accountant to disgorge over half a million dollars of compensation earned for providing prohibited services (plus pre-judgment interest).

Authors: Michael J. Rivera and Hillary S. Profita

Quickly Take Your Medicine: FDA's Secure Supply Chain Pilot Program Presents Opportunity for Expedited Imports of API and Finished Drug Products

Taking a page from an established Customs program, importers of active pharmaceutical ingredients and finished drug products may now have the opportunity to become eligible for expedited entry into the United States. The FDA's notice of a new Secure Supply Chain Pilot Program will enable qualified importers to receive a "May Proceed" without human entry review or examination for APIs and finished drug products offered for import into the United States.

Authors: David G. Adams, Lindsay B. Meyer, and Matthew R. Rabinowitz

Should I Eat That? New Rules Propose Significant Requirements on Importers of Food and Dietary Supplements

As an ever-increasing amount of food we eat is from overseas, the challenge of assuring that imported food meets the same safety standards as food grown and produced in the United States continues. On July 29, 2013, the U.S. Food and Drug Administration published two proposed regulations aimed at addressing this challenge.

Authors: Lindsay B. Meyer, Ashley W. Craig, Matthew R. Rabinowitz, Claudia A. Lewis, and Michelle C. Jackson

The SUSPEND Act: Fixing What Isn't Broken in the Federal Government's Suspension and Debarment System

On February 7, 2013, House Oversight Chairman Rep. Darrell Issa released a discussion draft of the SUSPEND Act as a means to protect taxpayers from "fraudsters, criminals, or tax cheats receiving taxpayer money through grants or contracts." To achieve this goal, the SUSPEND Act proposes consolidating, and thereby terminating, more than 41 civilian agency suspension and debarment offices and functions into one centralized board, the Board of Civilian Suspension and Debarment, which would be located within the General Services Administration.

Authors: Dismas Locaria and Elizabeth A. Buehler

ADVERTISING NEWS & ANALYSIS

  • August 1, 2013 Edition
    Featuring articles on promotion rules in a recent Taylor Swift contest, scrutiny of "number 1" claims, effectiveness of website disclaimers, and the CFPB's rulemaking agenda.
  • August 8, 2013 Edition
    Featuring articles on challenges to "up to" claims, new federal rules for marketing to cell phones, and the safety of imported food.
  • August 15, 2013 Edition
    Featuring articles on NAD using the FTC's muscle to encourage self-regulation, Venable's decisive victory for email marketers and advertisers, the FDA's proposed rules for food importers, and the "puffery" defense in advertising claims.
  • August 22, 2013 Edition
    Featuring articles on failed patent troll gift card suits, American and Chinese coopoeration in brand protection, and tips for mobile marketers.
  • August 29, 2013 Edition
    Featuring articles on five common misconceptions in advertising law, the FDA's new medical food guidance, new rules for Facebook promotions, and the NAD referring leading brands to the FTC for declining to participate in self-regulation.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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