News & Insights

Insights

Cafeteria Plan Relief in Response to COVID-19

Treasury and the IRS released two Notices (2020-29 and 2020-33) on May 12th which provide several types of relief to participants under cafeteria…

Client Alerts COVID-19 Resources Employee Benefits & Executive Compensation

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PPP Forgiveness Application

On May 15th, the SBA released an application for PPP borrowers seeking loan forgiveness. The application form is available on the United States…

COVID-19 Resources

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FDIC Issues Proposed Rule to Mitigate the Deposit Insurance Assessment Effect of Participation in the PPP, the PPPLF, and MMLF

On May 12, 2020, the FDIC approved a notice of proposed rulemaking that would mitigate the deposit insurance assessment effects of banks’…

Banking & Financial Institutions COVID-19 Resources

Insights

Paycheck Protection Program – U.S. Treasury and SBA Rules and FAQ Guidance Continue to Evolve

May 13, 2020 Update to Original Post On May 13, 2020, the Treasury posted new FAQ #46 updating previous guidance related to PPP borrowers’…

COVID-19 Resources

Insights

L Brands/Sycamore Partners Breakup

L Brands Inc. (owner of retail brands including Victoria’s Secret and Bath & Body Works) and Sycamore Partners agreed last week to…

Mergers & Acquisitions

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Federal Reserve Announces Expansion of Scope and Eligibility for Main Street Lending Program

The Federal Reserve has announced it is expanding the scope and eligibility for its Main Street Lending Program. Specific changes to the…

COVID-19 Resources

Insights

FAQs Regarding 2020 Stimulus Checks and Your Divorce

Many Americans are receiving stimulus checks as a result of the coronavirus stimulus package.  These payments have generated questions regarding entitlement and…

COVID-19 Resources Family Law

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BE-10 Benchmark Survey Filing: U.S. Investment in Foreign Businesses

The Bureau of Economic Analysis (BEA) of the U.S. Department of Commerce is conducting a 5-year benchmark survey of U.S. investment in…

Banking & Financial Institutions Capital Markets COVID-19 Resources Emerging Companies Investment Funds Mergers & Acquisitions

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NASDAQ Provides COVID-19-Related Regulatory Relief from Price-Based Continued Listing Standards

The SEC has declared effective a rule change previously requested by the Nasdaq Stock Market LLC (NASDAQ) to suspend, as of April…

Capital Markets COVID-19 Resources

Insights

More Extended Federal Tax Return Filing Deadlines in Response to COVID-19

The Treasury Department and Internal Revenue Service (in IRS Notice 2020-23) have expanded the extended filing deadlines authorized pursuant…

COVID-19 Resources Tax