The Consolidated Appropriations Act, comprised of more than 5,500 pages and including a $900 billion stimulus package, became law on December 27, 2020. As part of this law, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the “Economic Aid Act”), provides, among other Continue Reading
New York’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 Offers Broad Benefits for Borrowers and Tenants
New York Governor Andrew M. Cuomo has signed into law the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (the “Act”), an act designed to prevent—until May 1, 2021—both evictions of residential tenants with financial or health-related hardships arising from the COVID-19 pandemic Continue Reading
Anatomy of a Term Sheet: Series A Financing (Q4 2020)
A key milestone in the lifecycle of many successful companies is obtaining financing from angel or venture capital investors. Often, entrepreneurs are less familiar with standard terms than the investors with whom they are working. To help guide them, McCarter partner Benjamin Hron authored “Anatomy Continue Reading
In NJ, Following Court Guidance in Drafting Arbitration Clauses
McCarter partner Bill Wallach writes in Law360 about following court guidance in drafting arbitration clauses. Bill notes that while the New Jersey Supreme Court has repeatedly observed that it is not its role to issue advisory opinions, the fact remains that in several of its recent rulings Continue Reading
New Jersey to Create Venture Capital Fund to Supercharge Investment into Early-Stage and Emerging Growth Companies in the State
The New Jersey Legislature has passed the New Jersey Innovation Evergreen Act, and New Jersey Governor Phil Murphy is expected to sign it into law in the coming days/weeks. Pursuant to the Act, the New Jersey Economic Development Authority (the NJEDA) will create a fund, called the New Jersey Continue Reading
Courts Find Coverage for COVID-19 Business Interruption Losses
Policyholders are hailing two recent victories in their pursuit of insurance coverage for COVID-related business interruption losses. A North Carolina court granted a policyholder summary judgment that a commercial property insurance policy covers business interruption losses resulting from Continue Reading
New Blockchain Technology Act Will Boost Cryptocurrency Industry in New Jersey
Guillermo Artiles, Chair of McCarter’s Government Affairs practice, and McCarter Government Affairs & Public Interest Liaison Alexandra Viqueira co-authored an op-ed regarding the “Digital Asset and Blockchain Technology Act” currently before the New Jersey Assembly Science, Innovation, and Continue Reading
NY Court Deadline Extensions Bring Confusion for Litigants
With New York Gov. Andrew Cuomo's executive orders tolling or suspending the state statutes of limitations during the COVID-19 pandemic set to expire Nov. 3, litigants may need to file claims on Nov. 4 depending on whether statutes of limitations have been tolled or simply suspended under the Continue Reading
Sun Chemical v. Fike: NJ Product Liability Act Claims Can Be Paired With NJ Consumer Fraud Act Claims
The New Jersey Supreme Court recently ruled that claims under the New Jersey Consumer Fraud Act (“NJCFA”) relating to the sale of a product are not per se subsumed by the New Jersey Product Liability Act (“NJPLA”), leaving open the possibility that a defendant who engages in fraudulent practices in Continue Reading
They’re Here: New Cybersecurity Rules and Requirements Arrive to Haunt Defense Contractors
“Run to the light, Carol Anne. Run as fast as you can!” In an effort to “enhance the protection of unclassified information within the [Department of Defense] supply chain,” and meet its fiscal year 2020 National Defense Authorization Act mandate for the creation of “unified cybersecurity … Continue Reading