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COVID-19 Legal Resources

Olshan Frome Wolosky LLP is gathering information related to COVID-19 issues and concerns to assist clients in navigating the national and New York states of emergency.

We will continue to prepare updates during this fluid situation. Clients and friends are encouraged to contact us with specific legal or operational questions or issues.

Showing 17 posts from March 2020.

CARES Act Provides Significant Relief for Employee Benefit Plan Participants and Sponsors

Included in the recently enacted Coronavirus Aid, Relief, and Economic Security (“CARES”) Act are provisions that impact employee benefit plans that provide relief to plan participants and plan sponsors of qualified retirement plans. This client alert summarizes the provisions of Sections 2202, 2203, 3607 and 3608 of the CARES Act, which address employee benefit plans and the COVID‑19 pandemic. Read More ›

Executive Summary of the CARES Act

Our firm prepared an executive summary of the most significant provisions of the CARES Act, signed into US law on March 27, 2020. Read More ›

FTC Chairman Simons Releases Statement Regarding Ongoing Work of the Consumer Production Bureau During COVID-19 Pandemic

FTC Chairman Joe Simons has released a statement addressing the FTC’s ongoing efforts to enforce consumer protections laws during the coronavirus pandemic. Read More ›

FAQs Regarding the PPP

Olshan's CARES Act FAQs appear in the below post. Read More ›

Liquidity

As businesses in the current environment are looking for ways to conserve or obtain liquidity, we have set forth below some avenues to liquidity, one or more of which might be applicable to your business. Read More ›

SEC Extends Period for Delayed Filings Due to COVID 19 and Provides COVID 19 Disclosure Guidance

On March 25, 2020, the SEC issued an updated executive order granting extended filing relief and disclosure guidance as publicly traded companies address the COVID‑19 pandemic and its effect on operations and financial condition. The SEC Staff also recently issued a statement regarding the manual signature requirement for electronic filings with the SEC. This post summarizes the significant aspects of the SEC’s recent pronouncements. Read More ›

401(k) Strategies During the COVID-19 Pandemic

COVID-19 has adversely affected the economy. Understandably, many Americans may be facing cash flow problems and employers and employees alike may look to retirement plans as a means to help make ends meet. Federal and state officials are responding to the crisis through a variety of law proposals that have impacted general employment practices, health and welfare benefit plans as well as qualified retirement plans. This client alert addresses the key aspects of employees’ and employers’ alternatives when looking to 401(k) plans for immediate liquidity. Read More ›

Contractual Performance During the Coronavirus Pandemic - Updated March 21

This post addresses contractual performance during the coronavirus pandemic. Read More ›

SEC Provides Temporary Relief and Guidance Due to COVID-19 Pandemic

Despite the continuing coronavirus global pandemic, business marches on, including compliance with applicable regulatory requirements. Regulatory bodies recognize that the reduced staffing, “social distancing” and other factors could hamper efforts to comply with various regulations. The U.S. Securities and Exchange Commission (“SEC”) has acted to ameliorate certain of the burdens publicly traded companies are currently facing. In addition, companies need to take into account the effects of COVID-19 on their businesses and regulatory disclosures, and we have highlighted certain significant considerations in this client alert. Read More ›

Sweepstakes Registration and Bonding

Sponsors and promoters of sweepstakes are facing the decision as to whether to cancel or postpone planned promotions due to COVID-19. With respect to promotions that have already been registered and bonded in Florida, the Florida Department of Agriculture and Consumer Affairs (“FDACS”) has provided certain advice as to how these promotions will be treated. The FDACS has advised that there will be no refunds of filing fees in the event a promotion is cancelled due to COVID-19. However, if revisions to the Official Rules are required due to COVID-19, the FDACS has agreed to waive late penalties. In addition, the FDACS will permit substitution of trip or sports related prizes due to COVID-19. Read More ›

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