On Friday, June 5, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act of 2020 (HR 7010) into law, loosening restrictions on PPP loans made to businesses struggling in the wake of the coronavirus pandemic. The new law makes the following key adjustments to the PPP loan forgiveness requirements:...
As colleges and universities across the country make decisions about whether to return to in-person classes in the fall, and what that will look like, they face numerous obstacles and liability concerns. The Chronicle of Higher Education published an article on May 29 illuminating the many issues, featuring quotes and...
Governments, pharmaceutical companies and medical researchers around the world are racing to produce a vaccine for COVID-19, as well as potential drugs to fight the virus in those who contract it. The numbers show at least 70 reported potential vaccines and 150 other drugs for treatment that are in development...
As the economic toll of the COVID-19 pandemic keeps mounting, and employers try to make decisions about how to keep their balance sheets—and those of their employees—in the black, pay cuts to all ranks are becoming standard protocol. Certain companies have chosen to introduce pay cuts for those at the...
As companies start to re-write contracts and plan for deals in a mid- and post-pandemic world, lawyers everywhere have started to edit emergency and force majeure clauses to shift the focus from price reduction to risk management. Bloomberg Businessweek published an article this morning covering the issue, which projects that businesses will...
On April 3, 2020, Governor Cuomo signed Assembly Bill 9509 and Senate Bill 7509, which amend the Empire State Film Production and Post-Production Tax Credit Programs for applications received on or after April 1, 2020. The good news, especially in light of New York’s COVID-created 10-billion-dollar revenue gap, is that...
Last week, Yahoo Money published an article discussing the growing concern over landlords and other creditors checking on the status of renters’ federal stimulus payments through the IRS’s online “Get My Payment” portal. Because landlords often have renters’ social security numbers and birthdates on hand, some have taken to checking up...
RPJ Partner Alice K. Jump was quoted Law360's April 22 article entitled, “Legal Pitfalls Loom for Employers Reopening Post-Pandemic.” The article was published on Law360's website, and as the lead story in its Employment and Corporate newsletter, and covers the legal dangers and logistical challenges faced by employers as states begin to...
Since the coronavirus outbreak hit, TV and film production shut down nearly everywhere, but now the industry is looking towards what it will mean for production practices and policies when the cameras start rolling again. An article for IndieWire, published on April 20, discusses the measures production companies may have...
On April 17, Law360 published an article discussing the four major ways COVID-19 will change American workplaces for the long haul. The article addressed issues such as workplace requirements for personal protection equipment and the shift to teleworking as well as the other ways offices will adapt, such as office...