Insights

New York – November 26, 2019: Crowell & Moring advised GigCapital, Inc. on its business combination with Kaleyra S.p.A., a rapidly growing cloud communications software provider delivering secure application programming interfaces and connectivity solutions in the API/Communications Platform as a Service market.

Washington, D.C., April 4, 2017 - Integrated Device Technology, Inc. (NASDAQ: IDTI) announced today that its tender offer by its wholly-owned subsidiary, Glider Merger Sub, Inc. (“Purchaser”), to purchase all outstanding stock of GigPeak, Inc. (NYSE: GIG) at an offer price of $3.08 expired as scheduled at one minute following 11:59 P.M. (12:00 midnight) New York City time, on Monday, April 3, 2017.

Washington, D.C. – October 10, 2016: The DC Appleseed Center for Law & Justice has recognized Crowell & Moring LLP for its pro bono contributions to its workforce development project. The firm, along with the other honorees, was recognized at a September 22 reception in Washington for helping to "Build a Better D.C. For All."

The proposed technical changes for the 2023 Medicare Advantage and Part D contract year (87 Fed. Reg. 1842 (January 12, 2022)) include revisions to the definition of the term “negotiated prices” that CMS previously contemplated but had held off implementing. The proposed change could reduce cost-sharing paid by beneficiaries at the point of service and reduce the amount of DIR that Part D plan sponsors report to CMS.

On Tuesday, December 8, the Supreme Court upheld Arkansas Act 900 (Act 900), which regulates the rates at which pharmacy benefits managers (PBMs) reimburse pharmacies for prescription drugs. The 8-0 decision (Justice Amy Coney Barrett abstained), marks a boundary on the broad scope of the Employee Retirement Income Security Act (ERISA), which preempts state laws that “relate to” employee benefit plans covered by the federal statute. 29 U.S.C. §1144(a).

On January 31, 2019 the Department of Health and Human Services issued a long-awaited notice of proposed rulemaking to implement the Trump Administration’s efforts to curb drug price increases, as outlined in the American Patients First Blueprint. The proposed rule attempts to address the issue by eliminating discount safe harbor protection for reductions in price to prescription pharmaceutical products (or rebates) provided by manufacturers to plan sponsors under Medicare Part D and Medicaid managed care organizations (MCOs), whether negotiated by the plan or by pharmacy benefit managers (PBM) or paid through a PBM to the plan or Medicaid MCO. The proposed rules also would increase regulatory risk associated with rebates provided by manufacturers to commercial health plans (if the commercial health plan sponsor also provides Medicare Part D or Medicaid prescription drug coverage), which would result in the rules having an impact across a wider spectrum of the prescription drug coverage market than just federal health care programs. 

Crowell & Moring is featured for its pro bono work in Washington, D.C. on behalf of Legal Counsel for the Elderly (LCE). LCE sought to build a coalition to advocate for legislative reform for D.C.'s method of unpaid property tax collection, which had allowed private third-party purchasers to gain all of the equity in a home over the amount of outstanding property tax debt and fees. Under the firm's counsel, LCE formed a wider coalition named HOME (the Alliance to Help Owners Maintain Equity), who drafted legislation to remedy problems with the tax sale system. After several months of inaction in the D.C. Council, the issue of the city's problematic tax lien sales program and the proposed legislation to remedy the problems were featured in a front page investigative series in the Washington Post. The compelling articles described the city's "predatory system of debt collection." Within a week of the Post series being published, the Council passed emergency legislation freezing the sale of homes belonging to seniors, veterans, and the disabled, after which the Council turned to LCE and Crowell & Moring for expert advice in drafting revised legislation.

Washington, D.C.-based Litigation Group senior counsel Peter B. Work, and Corporate Group counsel Todd D. Rosenberg and associate Jenny C. Cieplak, were mentioned in The Washington Post for their pro bono work successfully handling the financing of the Washington Tennis & Education Foundation facility in Southeast Washington, D.C.

Join us for this year’s Health Care Ounce of Prevention Seminar (HOOPS), a webinar series where our experienced practitioners will provide insight into a number of exciting topics. This year’s seminar will focus on topics such as Remote Health Care and Telemedicine, Mental Health Parity, Health Care Litigation, and Health Care Trends for 2022. 

Covid-19 has had a profound impact on the way healthcare providers deliver care to patients. Innovative services such as telemedicine, virtual care and remote patient monitoring have all disrupted the market.

In this episode, hosts Payal Nanavati and Joe Records talk to Katy Raffensperger, Todd Rosenberg, and Alexis Gilman about expectations for health care transactions in 2022. The discussion captures how transactions involving health care companies may respond to legal, economic, and market circumstances, including lasting care delivery changes spurred by the COVID pandemic, antitrust scrutiny by federal regulators, inflation, and rising interest rates.

In this episode, hosts Payal Nanavati and Joe Records are joined by Todd Rosenberg and Sam Krause to discuss ERISA preemption of state regulation of pharmacy benefit managers (PBMs) in light of the upcoming U.S. Supreme Court hearing in Rutledge v. Pharmaceutical Care Management Association. Payers, Providers, and Patients – Oh My! is Crowell & Moring’s biweekly health care podcast, discussing legal and regulatory issues that affect health care entities’ in-house counsel, executives, and investors.

Payers, Providers, and Patients – Oh My! Is Crowell & Moring’s biweekly health care podcast, discussing legal and regulatory issues that affect health care entities’ in-house counsel, executives, and investors. In this episode, hosts Payal Nanavati and Joe Records discuss PBMs with Todd Rosenberg.