To our clients and friends: On April 6, 2020, the U.S. Department of the Treasury provided additional guidance and information (the “Treasury Guidance”) to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (“PPP”), which was authorized pursuant to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) recently signed… Read more »

To our clients and friends: On April 2, 2020, the Small Business Administration (“SBA”) issued its interim final rule (the “Interim Final Rule”) regarding the implementation of the Paycheck Protection Program (“PPP”), which was authorized pursuant to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) recently signed into law. Under the PPP, SBA… Read more »

To our clients and friends: On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) into law.  It provides over $2 trillion to combat the coronavirus (COVID-19) and stimulate the economy.  The CARES Act also contains provisions that can assist financial institutions in preserving capital and easing operations. … Read more »

In light of the impact of the coronavirus (COVID-19) pandemic on public reporting companies, on March 25, 2020, the Securities and Exchange Commission issued an order allowing public companies, subject to certain conditions, a 45-day extension to file certain periodic reports that would otherwise have been due between March 1 and July 1, 2020.  On… Read more »

To our clients and friends:   Many companies are evaluating how best to hold their upcoming annual shareholder meetings in light of the health risks posed by COVID-19.  For companies contemplating holding a virtual annual meeting, our alert, which is available here, provides legal and practical considerations.