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To RIF, or Not to RIF: How federal loans can help small and mid-size businesses under the CARES Act

By Amy Harwath, Jennifer Terry, Cindy Schmitt Minniti & Fatemeh Mashouf

April 2, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed on March 27, 2020, authorizing more than $2 trillion to battle COVID-19 and its economic effects on the U.S. economy. For U.S. employers, the CARES Act provides significant support in the form of loans for small businesses, a loan forgiveness program to encourage employers to retain their workforces during this difficult time, and expanded unemployment benefits applying in most cases to terminated employees, furloughed…

EHS Law Insights

Environmental red flags when considering the purchase of distressed assets

By Jennifer A. Smokelin, Daniella D. Landers, Todd O. Maiden, Ben H. Patton & Nicholas Rock

April 2, 2020

In these unprecedented days, companies may be looking to realign market position through the acquisition of assets or by adding to strategic investments. Frankly, there may be some good deals out there with interests rates at historic lows – return on investment calculations that were unfavorable under higher cap rates are now quite attractive. However, the old maxim of caveat emptor still applies even in these low interest rate times, particularly when purchasing a distressed…

Health Industry Washington Watch

Sweeping “CARES Act” Legislation Will Have Wide Impact on Health Care, Life Sciences Companies

By Debra A. McCurdy

April 2, 2020

The recently passed “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act) is sweeping legislation that will have widespread impact on companies in the health care and life sciences space. In addition to expanding coverage of COVID-19 testing and preventive services, the Act includes provisions to address health care workforce needs, eases restrictions surrounding telehealth services during the crisis period, updates the FDA’s over-the-counter drug review process, and authorizes $100 billion for eligible health care…

Life Sciences Legal Update

Reed Smith White Paper on Major Health Care Policy, Funding Provisions in CARES Act

By Lisa Baird

April 2, 2020

The United States recently passed the “Coronavirus Aid, Relief, and Economic Security Act” (CARES Act), sweeping legislation that could impact pharmaceutical and medical device companies with U.S. operations or significant U.S. sales. A team of Reed Smith life sciences and health care lawyers, including Scot T. Hasselman, Robert J. Hill, Carol Colborn Loepere, Kevin M. Madagan, Paul W. Pitts, James F. Segroves, Nicole J. Aiken-Shaban, Julia Krebs-Markrich, …

Employment Law Watch

Florida issues statewide stay-at-home order

By Hannah L. Sorcic & Jay Thornton

April 2, 2020

Referencing President Trump’s March 31, 2020 “30 Days to Slow the Spread” guidance, on April 1, 2020, Florida Governor Ron DeSantis joined the majority of other states and issued a Stay-at-Home Order. The order takes effect on April 3, 2020 at 12.01 a.m. The order instructs senior citizens and those with significant underlying medical conditions to stay at home and take all necessary measures to limit exposure to the virus. Other individuals are required to…

Employment Law Watch

Responding to COVID-19 in a unionized workplace

By Lori Armstrong Halber, Tom Posey & Brenda Rosales-Carrillo

April 2, 2020

While all employers are facing an unprecedented whirlwind of rapidly changing circumstances as a result of the COVID-19 pandemic, employers with unionized workforces face additional challenges as they take action in response to the outbreak while trying to avoid running afoul of the requirements of their collective bargaining agreements and the National Labor Relations Act (NLRA). Here are a few suggestions for employers to consider as they navigate this new landscape.…

Employment Law Watch

NLRB extends effective date of its final rule modifying representation case procedures – Now effective May 31, 2020

By Lori Armstrong Halber, Tom Posey & Gavin Carpenter

April 2, 2020

On March 24, 2020, the National Labor Relations Board (NLRB) decided to postpone the effective date of its final rule modifying the Agency’s regulation on union representative-case procedures, from April 16, 2020 to May 31, 2020, in order to facilitate the resolution of legal challenges. The NLRB’s final rule, which rolled back some of the burdensome requirements of the “quickie election” rule issued under the Obama Administration, was published on December 13, 2019. Many employers…

Technology Law Dispatch

A whistle-stop tour of the potential data protection implications of the new Coronavirus Act

By Cynthia O’Donoghue & Nadia Avraham

April 2, 2020

In a matter of three days, Parliament passed a bill granting emergency powers to the government to deal with the COVID-19 outbreak. The Queen granted Royal Assent on 25 March 2020, bringing into force the Coronavirus Act 2020 (the Act) (the Act). The Act, amongst other things, gives the government wide-ranging powers to restrict events and social gatherings, shut down premises and isolate or detain ‘potentially infectious persons’. The Act also provides means for extending…

EHS Law Insights

Looking ahead: Environmental considerations when preparing for asset sales in a post-Covid-19 world

By Jennifer A. Smokelin, Daniella D. Landers, Todd O. Maiden, Ben H. Patton & Nicholas Rock

April 2, 2020

In these unprecedented days, companies may be looking to realign market position through disposition of assets or by changing strategic investments. Frankly, financially strained companies may be giving a lot of thought to increasing cash flow. One way to increase cash flow is through the sale of strategic assets. And every seller wants to maximize the cash influx as part of the sale, that is, the sale price, in addition to a quick path to…

Employment Law Watch

“Staying at home means you must stay home”: Pennsylvania’s governor issues state wide stay-at-home order

By Jay Glunt & Marguerite Goglia

April 2, 2020

Effective 8 p.m. on April 1, 2020, the Commonwealth of Pennsylvania is under a stay at home order due to the COVID-19 pandemic. Pennsylvania’s stay-at-home order, which encompasses all counties throughout the Commonwealth, prohibits individuals from leaving their place of residence except as needed to access, support, or provide life-sustaining business, emergency or government services. The order is currently slated to remain in effect through April 30, 2020. This order comes on the heels of…

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To RIF, or Not to RIF: How federal loans can help small and mid-size businesses under the CARES Act

Environmental red flags when considering the purchase of distressed assets

Sweeping “CARES Act” Legislation Will Have Wide Impact on Health Care, Life Sciences Companies

Reed Smith White Paper on Major Health Care Policy, Funding Provisions in CARES Act

Florida issues statewide stay-at-home order

Responding to COVID-19 in a unionized workplace

NLRB extends effective date of its final rule modifying representation case procedures – Now effective May 31, 2020

A whistle-stop tour of the potential data protection implications of the new Coronavirus Act

Looking ahead: Environmental considerations when preparing for asset sales in a post-Covid-19 world

“Staying at home means you must stay home”: Pennsylvania’s governor issues state wide stay-at-home order

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