On Aug. 31, 2024, California’s legislature passed Assembly Bill 3129 (“AB 3129”), a closely watched bill that would have required parties to certain private equity- and hedge fund-backed healthcare transactions to notify and receive consent from California’s Attorney General (the “CA AG”), and restricted private equity groups and hedge funds from engaging in certain activities with respect to management of healthcare practices. Less than a month later, California Governor Gavin Newsom vetoed AB 3129. This article was written by Goodwin’s John Goheen, partner in the Antitrust and Competition and Complex Litigation & Dispute Resolution practice, Joseph Harrington and John Jones, both partners in the Private Equity group. To read more, visit the Daily Journal.