The Coronavirus Aid, Relief, and Security Act (“CARES Act”) will provide billions of dollars in loans and assistance to the private sector. This will include loans for payroll and operating expenses under the Paycheck Protection Program (“PPP”) and economic injury disaster loans (“EIDL”). However, companies seeking to take advantage of the relief provided under this Act should realize that any assistance will come with significant government oversight. If certain provision

We are pleased to have represented our client Decusoft, Inc. in connection with a strategic investment from FINTOP Capital. Click here to read the Press Release.

We wanted to highlight one of our clients who is diverting their normal business operations to manufacture badly needed equipment used to care for those stricken with COVID-19. Maingear, Inc., a high end producer of PCs, is manufacturing ventilators which are in high demand and critical to caring for individuals compromised by COVID-19. For more information, click here.

Paycheck Protection Program Loans Update - April 8, 2020 The borrower is responsible for providing an accurate calculation of payroll costs and the borrower must attest to the accuracy of those calculations. Small businesses can be eligible borrowers even if they have more than 500 employees, as long as they qualify for the SBA employee-based or revenue-based size standard corresponding to its primary industry. Additionally, businesses can qualify for the PPP if they meet the

We are very pleased to announce the promotion of Michael J. Zussman to Partner in the Firm’s corporate practice group. Mike’s expertise in venture capital financings, mergers and acquisitions, technology transactions and more are well known to the Firm’s client base and greatly appreciated by his fellow attorneys. For more on Mike, click here. Congratulations Mike!

Last night, Governor Murphy signed Executive Order No. 122, ceasing all non-essential construction projects and imposing additional mitigation requirements on essential retail businesses and essential industries to limit the spread of COVID-19 in New Jersey. The order also outlines specific protections and policies for all essential retail, manufacturing, and warehousing businesses, as well as businesses engaged in essential construction projects. The order will take effect o

New Jersey Executive Order No. 112 and New York Executive Order No. 202.10 As of April 9, 2020, according to the Centers for Disease Control and Prevention, New Jersey and New York had reported a total of 196,753 cases of COVID-19. Accordingly, the governors of the states of New Jersey and New York recently signed Executive Order No. 112 and Executive Order No. 202.10 respectively in an attempt to ensure that for the duration of the current public health emergency, each of th

In the latest effort to stem the spread of COVID-19, on April 8, 2020, Governor Phil Murphy issued Executive Order 122 which suspends all “non-essential” construction in New Jersey effective as of Friday, April 10, 2020 at 8:00 p.m. The order recognizes that construction sites “frequently require large numbers of individuals to touch the same surfaces [and] gather closely together…” This order follows the path started by New York which shut down non-essential construction

Though many of you may have missed it for obvious reasons, the New York Stop Hacks and Improve Electronic Data Security (“SHIELD”) Act became effective on March 21. In short, the SHIELD Act amended and strengthened New York’s data breach laws to include application to businesses outside of New York, impose security requirements, and otherwise expands prior New York law as follows: The definition of “Private Information” was broadened to include biometrics (i.e., fingerprints