June 17, 2020
The Holding Foreign Companies Accountable Act, the bill aimed at addressing a perceived double standard for US-listed Chinese companies that deny access for PCAOB auditor inspections, has passed the US Senate and is awaiting a vote in the US House of Representatives. If the bill becomes law, it may spur US-listed Chinese companies to go private. The going private ramifications for valuations and potential claims made in courts will be important developments to watch, as this article from Secretariat’s Paul Marcus, Eddie Tobis and Brendan Porter (with help from Howard Rosen, Sangjoon Lee and Gigi D’Souza) describes.
Justice for Players and Diarra Damages Claims
In this article, Amran Nawaz and Allan Ingraham along with Ben Cisneros and Sam Kasoulis of Morgan Sports Law discuss the JFP class action. They explore whether similar class actions could be brought by players, agents and/or clubs before the English courts, whether claims could be brought before the Court of Arbitration for Sport (CAS), and how such claims might be quantified.
Tamika Tremaglio Quoted in The Washington Post on WNBA CBA Negotiations
Managing Director Tamika Tremaglio was featured in The Washington Post discussing the WNBA’s collective bargaining negotiations and the players’ growing leverage to pursue innovative financial models, including equity stakes. She emphasized that today’s athletes better understand their value and may have access to unique alternatives if negotiations do not end the way players want.
Public Policy Can Encourage Physicians to Practice in Underserved Areas
In a column for Centre for Economic Policy Research (CEPR), Secretariat Director Stephanie Khoury, Jonathan M. Leganza, and Alex Masucci discuss new evidence that shows the effectiveness of government-designated Primary Care Health Professional Shortage Areas (HPSAs) in attracting physicians to areas of need.