Changes to the Wisconsin Business Corporation Law, which took effect this month, have eliminated a statute which provided for potential personal liability of shareholders, significantly increased the flexibility of boards of directors in holding company formations and various other transactions, and addressed various other matters. The attached Quarles & Brady Wisconsin Corporate Law Update discusses the changes.

This update, prepared by Quarles & Brady LLP's Antitrust and Trade Regulation Group, discusses the implications for antitrust litigation in Wisconsin of the Wisconsin Supreme Court's 2005 decision in Olstad v. Microsoft Corp and a recent Wisconsin Court of Appeals decision applying Olstad. The effect of these decisions is to make Wisconsin a much more attractive venue for antitrust litigation, especially for indirect purchasers, who do not have standing to sue under the federal antitrust laws.

Attached is a Client Update that we sent out last summer. Some of you may have deleted the Update in hopes that the HIPAA Security Rule  would just go away. Alas, it has not, and the effective date is tomorrow. If your plan is not yet compliant, you are not alone. Many small health plans are behind on their compliance efforts and much of the effort will likely continue past the effective date. You should also note that the Centers for Medicare and Medicaid Services eventually clarified that the Security Rule compliance date is actually April 20, 2006 rather than April 21, 2006.If you have not completed your HIPAA Security Rule compliance, now might be a good time for the maxim "Better late than never."

Don't miss out. If you or your employee needs an H-1B during Fiscal Year 2007 (10/1/2006 to 9/30/2007), you must consider filing it in the next month or two. It is possible that the 58,200 visas available may run out as early as May 2006. To learn more, please read the attached Immigration Alert.