Prof. Matheson Quoted in Star Tribune on Hobby Lobby Decision

On June 30, the U.S. Supreme Court invalidated Department of Health and Human Services regulations requiring that three closely held corporations provide health insurance coverage for methods of contraception that violated the religious beliefs of the companies' owners. The regulations were promulgated pursuant to the Affordable Care Act of 2010. A Star Tribune article sought to assess the scope of the decision since the Supreme Court specifically relied on the nature of the businesses as closely held corporations in rendering its decision. The article noted that there is no generally accepted definition of a closely held corporation. Professor John Matheson, an expert in business law and Director of the Law School's Corporate Institute, was quoted as saying, "It is a flexible standard. The Internal Revenue Service, for instance, defines closely held companies as those with up to 100 owners."