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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PPP Guidance- Loan Forgiveness and Change of Ownership
Effective October 2, 2020, SBA Employees and Paycheck Protection Program (“PPP) Lenders received an SBA Procedural Notice, outlining the required procedures for loan forgiveness for an entity that that is undergoing a change of ownership. For the Complete OlenderFeldman Memorandum outlining PPP Loan Forgiveness, Change of Ownership, and Borrower's Responsibilities, Click Here. For more information,…
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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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OlenderFeldman Sponsors #NJsmall Movement to Bring Needed Assistance to New Jersey’s Small Businesses
We are pleased to announce our affiliation with the #NJsmall Grassroots Movement – Now a Bill Sponsored by Assemblyman Schaer – to Help Hasten New Jersey’s Economic Recovery. To read more, click here.
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