2020 was a year of change for many companies, with certain market segments prospering. Continued low interest rates coupled with capital looking for strong returns fueled a robust transactional market. We hope this information on companies we represented as transaction counsel in 2020 is helpful insight into the types of companies and industries that are…
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PPP-Round 2
On December 27, 2020, the “Consolidated Appropriations Act, 2021” (“CAA”), was signed into law. The CAA modifies and reopens the U.S. Small Business Administration’s Paycheck Protection Program initially created under the CARES Act. The reopened Paycheck Protection Program is available through March 31, 2021 and is available for first and second-time applicants. Generally, PPP loans…
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Just the FAQs (Frequently Asked Questions) – Workers’ Compensation Benefits and COVID-19 in New Jersey
On September 14, 2020, New Jersey enacted legislation S2380 that provides COVID-19 related benefits to employees across the State. The new law creates a rebuttable presumption of workers’ compensation coverage for COVID-19 cases contracted by “essential workers” during the current COVID-19 pandemic. Notably, the new law is effective immediately and retroactive to March 9, 2020,…
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OlenderFeldman Secures Vital Decision in Favor of Policyholders Seeking COVID-19 Business Interruption Coverage
While questions remain as to how Courts will ultimately rule on whether business interruption claims may provide recovery under an insurance policy, a recent decision is an important win to plaintiff-policyholders seeking to clear the initial pleading hurdle in their litigations against insurers who have denied their claims. Countless businesses nationwide purchased business interruption insurance…
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