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COVID 19s Effect on Litigation: Court Orders and Updates
As the United States continues to battle the COVID-19 crisis, State and Federal Courts have implemented various orders designed to promote public safety while balancing the rights of criminal defendants and litigants. These orders include, in some jurisdictions, the continuation of jury trials, the suspension of statutes of limitations, and in some instances suspension of court […] More
FINRA Issues Guidance on Disclosure Requirements Related to Loan Forgiveness under the Payment Protection Program (“PPP”)
FINRA announced yesterday that it will not require the disclosure of loans forgiven under the Paycheck Protection Program (“PPP”) in response to Form U4 Question 14K, as long as the forgiveness is consistent with the loan’s original terms. FINRA requires registered persons to affirmatively disclose on their U-4 a “compromise” of a debt to a […] More
COVID-19 Update: Pennsylvania Businesses Challenging the Stay at Home Order
On March 23, 2020, the Governor of Pennsylvania issued the first Stay at Home Order which applied to seven counties in the Commonwealth and was to remain in place until April 6, 2020. This Order requires residents to remain at home unless engaged in certain activities, such as essential travel, and permitted certain outdoor activities, […] More
New York State’s Virtual Courts to Begin Handling Some Non-Essential Business
Today, Chief Administrative Judge Lawrence K. Marks issued a memorandum to all trial court justices and judges in the State of New York indicating that starting next Monday, April 13, 2020, the New York State court system will take preliminary steps to open up remote access to the courts via Skype or telephone for non-essential […] More
Small Business Administration Begins Accepting Applications for Emergency Relief Loans
On April 3, 2020, the Small Business Administration (“SBA”) began accepting applications for Paycheck Protection Program (“PPP”) loans for small businesses and sole proprietorships authorized by the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. Independent contractors and self-employed individuals can apply beginning April 10, 2020. The PPP authorized up to $349 million in forgivable […] More
WSSLLP’s New Jersey Office Wins Defense Judgment in Securities-Industry Tortious Interference Claim
In a final judgment entered following twelve days of trial, the Superior Court of New Jersey, Monmouth County, found in favor of WSSLLP’s client, a securities-industry principal, in a tortious interference with contract claim brought by a former registered representative. The case was handled by New Jersey partner Steven Mellen. In the trial, the registered […] More
