COVID-19 and M&A: The Pandemic’s Impact on M&A Transactions – Part One of a Two-Part Series

The COVID-19 pandemic has impacted all aspects of business in the United States, M&A transactions in particular.   The global IPO market ground to a halt in March of 2020, and corresponding developments in the M&A market were felt almost immediately.[1]  By the end of March 2020, M&A levels for the first quarter of 2020 had…

U.S. District Court Strikes Down Portions of the Department of Labor’s FFCRA Implementing Regulations

On August 3, 2020, a federal court in New York state struck down portions of the regulations implementing the Families First Coronavirus Response Act (“FFCRA”).  In litigation brought by the state of New York against the United States Department of Labor (“DOL”), a U.S. District Court, among other things, substantially narrowed the “health care provider”…

Congress Passes Favorable Amendments to the Payroll Protection Program

The Payroll Protection Program (“PPP”) continues to be revised in ways that are favorable to physician practices and other small businesses.  In May, amidst growing uncertainty about whether businesses that took out loans under the PPP would be subject to second-guessing regarding their certification as to their need for the loans, the SBA and Department…

Paycheck Protection Program Loan Forgiveness

The recently enacted CARES Act includes forgivable Paycheck Protection Program loans for small businesses (PPP Loan).  While the CARES Act includes parameters for loan forgiveness, we expect more details when the Small Business Administration (SBA) issues regulations implementing the program.  The CARES Act – Paycheck Protection Program Loan article outlined the method for determining the…

CARES Act – Paycheck Protection Program Loan

On Friday, March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic.  The CARES Act includes a forgivable small business loan program: the Paycheck Protection Program (PPP).  Under the PPP loan program, forgivable loans of up to $10 million will be available…