Negotiating M&A Deal Terms During the COVID-19 Outbreak

By: Ashley Fuhrmeister | 04.13.2020

If you are in the process of negotiating the purchase or sale of a company’s assets, a large ownership stake in a company or some other merger or acquisition (“M&A”) transaction for a business, consider if and how COVID-19 could impact the terms of your deal, including those listed below.   1 – Purchase Price:  Before signing up a deal, the parties may want to evaluate whether the proposed purchase price should be adjusted to account for any material pandemic-related effects on the Read…

Federal Bank Regulators Issue New Guidance on Paycheck Protection Program Facility

By: Ellen Hames | 04.10.2020

  Type of Action: Interim Final Rule Issued By: Department of Treasury Office of Comptroller of the Currency (“OCC”), the Board of Governors of the Federal Reserve System (“Board”), and the Federal Deposit Insurance Corporation (“FDIC”). Date issued: April 9, 2020 To provide a bit of background – on April 7, 2020 the Board authorized Read…

Main Street Lending Program

By: Amy Johnson | 04.09.2020

  The U.S. Treasury released information today on its Main Street Lending Program (“MSLP”).  Many at this point are familiar with the Paycheck Protection Program (“PPP”) created by the CARES Act; the MSLP is being billed as the corresponding mid-size business program.  More details are yet to come, however:  The MSLP will enhance support for Read…

COVID-19 – Additional Employer Funding Sources

By: Cynthia Boyle Lande |

  Many businesses are asking questions about new SBA loans available under the Paycheck Protection Program (PPP). Oftentimes businesses are not aware of other new resources available in the form of refundable advance tax credits — reimbursing the cost of employee wages paid in connection with COVID-19. In many cases, the credits available can exceed Read…

Is Your Business at Risk for Coronavirus Lawsuits, and What Can You Do NOW To Avoid It?

By: Michael Dee | 04.06.2020

  Whether you are a small business, large business or even a government entity, are you ready (or preparing your business) for the onslaught of lawsuits resulting from the pandemic?  Google “coronavirus lawsuits” — over 300 billion hits. Unfortunately, a number of those hits are plaintiffs’ class action law firms asking people to submit information Read…

Interim Final Rule Issued for Paycheck Protection Program April 3, 2020

By: Ellen Hames | 04.03.2020

  On April 3, 2020, the U.S. Small Business Administration issued an Interim Final Rule regarding the Paycheck Protection Program, accessible here: https://content.sba.gov/sites/default/files/2020-04/PPP–IFRN%20FINAL.pdf (the “Rules”).  These Rules implement the Paycheck Protection Program sections (sections 1102 and 1106) of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which provides loans to eligible small businesses Read…

H-1B Lottery Concluded – Petitions May Be Filed Beginning April 1

By: Caitlin Klingenberg |

  U.S. Citizenship and Immigration Services (USCIS) announced earlier this week that the H-1B electronic registration process and the FY2021 lottery has concluded. Employers are now eligible to file a FY2021 H-1B cap-subject petition — provided they electronically registered the beneficiary in the H-1B registration process, and the registration was selected in the lottery.  The Read…

Leading Through Chaos

By: Brian McCormac | 04.02.2020

  I recently had the pleasure of participating in a panel discussion on “Leading through Chaos” with Dawn Buzynski of Strategic America and Vince Newendorp of Vermeer.  Little did any of us know that about two weeks later the stock market would crater, a global pandemic would cause most of the nation to be placed Read…

Do You Have Insurance for Lost Business Due to COVID-19?

By: James White | 03.31.2020

  Unless you are extraordinarily fortunate, your business will surely see a drop in revenue due to the economic slowdown caused by the virus.  Do you have insurance coverage for this?  Past world events such as the Ebola outbreak, 9/11 and hurricanes can provide some guidance.  Rest assured, however, that insurance companies will be inundated Read…

COVID-19 and Essential Service Personnel Guidance

By: Catherine Cownie |

  The Iowa Department of Public Health (“IDPH”) provided guidance last week related to COVID-19 isolation requirements for essential service personnel.  Essential services personnel include: Healthcare providers; Law enforcement; Fire & EMS personnel; Long-Term Care personnel; Residential Support Facility personnel; and Public Health & Emergency Management personnel. The guidance provides information about when essential services Read…