On October 11, California Governor Gavin Newsom signed AB 1415, which regulates private equity and hedge fund activity by expanding the Office of Health Care Affordability’s (OHCA) jurisdiction and notice requirements. Though the law is a compromise from last session’s AB 3129—which the Governor vetoed on September 28, 2024—it nevertheless represents a significant change for private equity groups, hedge funds, and management services organizations (MSOs) in the state.
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Recent Updates
- California Governor Signs AB 1415 Compromise Legislation Regulating Private Equity and Hedge Fund Activity
- DOJ’s Final Rule on Bulk Data Transfers: The First 180 Days
- California Governor Signs SB 351, Strengthening the State’s Corporate Practice of Medicine Doctrine
- No Remuneration Plus No "But-For" Causation (Between an Alleged Kickback and Claims Submitted to the Government) Means No FCA Violation, District Court Says
- Novel Lawsuits Allege AI Chatbots Encouraged Minors’ Suicides, Mental Health Trauma: Considerations for Stakeholders