Let’s posit you have operations in Pennsylvania, where I live, and those operations are
Continue Reading What the Heck Does Yellow Phase Re-Opening Mean (Pennsylvania)? (Updated 5/31/20)
Surprise! On April 8th, FASB delayed for one year the implementation of the new ASC 606 revenue recognition standards for private companies,[1] citing the coronavirus pandemic. In
Continue Reading THE BALLAD OF THE HARE AND THE TORTOISE: FASB delays ASC 606
In a BIG win for brand owners, the U.S. Supreme Court has ruled that the plaintiff in a trademark infringement claim is not required to prove willfulness when seeking an
Continue Reading SCOTUS Ends Willfulness Precondition for Profits in Trademark Cases
Need and speed can be a dangerous combination. Just ask Peter “Maverick” Mitchell. That’s a lesson that lenders and borrowers are discovering with CARES Act Payroll Protection Program (PPP)
Continue Reading A Rough Roll-Out for Payroll Protection Loans
On April 3, 2020, banks commenced taking applications for the Small Business Administration’s (“SBA”), Paycheck Protection Program (the “PPP”) loans, as provided in the Coronavirus Aid, Relief, and Economic
Continue Reading (Some) Good News: SBA Guidance Mostly Exempts Franchises from Affiliation Rules for Paycheck Protection Act Loans
There’s a big insurance company that uses the tag line: Life Comes at You Fast. I sure feel that life is coming at me very fast in this Brave New
Continue Reading The CARES Act and Small Business Administration Loans
As the effects of the COVID-19 outbreak evolve, we here at Fox Rothschild continue to update our Coronavirus Resource Center. Today, we’ve been hard at work reviewing the historic
Continue Reading CARES Act: An Initial Review
A recession is coming, if it is not already here. But this won’t be a recession like 2008. Back then, the banks threw you under the bus so that they
Continue Reading You’re Worried? What To Do. NOW.
Yesterday, I noted that Pennsylvania Governor Tom Wolf had issued an order directing all “non-life-sustaining” businesses in the Commonwealth to
Continue Reading UPDATED–PA COVID-19 Business Shutdown Exemption Requests