During the days and weeks following the death of George Floyd at the hands of Minneapolis police officers, protests erupted in every state across the country. Although most of these protests remained peaceful, there were instances of criminal misconduct and property destruction, such as the breaking Continue Reading
Outdoor Seating: Special Ruling of NJ ABC Director
Beginning on June 15, limited outdoor seating will be allowed for New Jersey establishments with on-premises consumption licenses and permits to serve alcoholic beverages. To accomplish this statewide change, the Director of the New Jersey Division of ABC (the “NJ ABC”) created a temporary permit Continue Reading
New Jersey Makes Sweeping Changes to Independent Contractor Laws
New Jersey Governor Phil Murphy last week signed into law several bills aimed at combating the misclassification of workers as independent contractors rather than as employees. The new enactments expand the authority of the New Jersey Department of Labor and Workforce Development (DOL), create new Continue Reading
USCIS Resumes Premium Processing for Certain Petitions
U.S. Citizenship and Immigration Services (USCIS) announced that it will resume premium processing for Form I-129, Petition for a Nonimmigrant Worker, and Form I-140, Immigrant Petition for Alien Workers, in phases over the next month. The service has been unavailable since March 20 due to the Continue Reading
President Suspends Entry of Certain Students and Researchers from China
On May 29, 2020, President Donald Trump issued a proclamation to block certain Chinese nationals associated with entities in China that implement or support China’s “military-civil fusion strategy”1 from entering the United States on F or J visas. The proclamation become effective June 1, 2020, at Continue Reading
Benefit Plan Deadlines Extended, Enforcement Standards Relaxed by DOL and IRS During Pandemic
The U.S. Department of Labor’s Employee Benefits Security Administration and the IRS recently issued the following coordinated guidance providing additional relief to employee benefit plan sponsors, fiduciaries, participants, and beneficiaries navigating the challenges of complying with Continue Reading
The Delaware Court of Chancery Finds Negotiated Settlement with CEO a Proper Exercise of Business Judgment
The Court of Chancery’s ruling in Lululemon is the most recent example of the Delaware courts’ deference to a board of directors’ business judgment. The plaintiff’s rush to file suit resulted in numerous pleading deficiencies, which the disgruntled shareholder was ultimately unable to overcome. Continue Reading
SBA Issues Interim Final Rules on PPP Loan Forgiveness Requirements, Loan Review Procedures
On May 22, 2020, the U.S. Small Business Administration (“SBA”) released two Interim Final Rules (“IFRs”) providing additional guidance on Payment Protection Program (“PPP”) loan forgiveness rules and the procedure by which PPP Loan Forgiveness Applications (“Loan Forgiveness Applications”) will be Continue Reading
Venture Capital & Emerging Growth Companies May 2020 Highlights
While the world around us is shifting minute by minute and people and businesses are facing unthinkable challenges, we are steadfast in our commitment to you and your success. Keeping clients informed on matters important to their operations. The BE-10 Benchmark Survey of U.S. Direct Investment Continue Reading
Voluntary Disclosures and the SEC’s Public Statement Regarding the Importance of Disclosure for Our Municipal Markets
On May 4, 2020, the U.S. Securities and Exchange Commission (the “SEC”) released a public statement from Chairman Jay Clayton and Rebecca Olsen, Director of the SEC’s Office of Municipal Securities (“OMS”), titled, “The Importance of Disclosure for our Municipal Markets,” wherein they encouraged Continue Reading