Legal Alerts
The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") enacted into law on March 27, 2020, provides for the expansion and extension of unemployment benefits.
President Trump signed into law an updated version of the CARES Act (the "Act") on March 27, 2020. The Act provides an estimated two trillion dollars' worth of relief for individuals and businesses in an effort to mitigate the effects of the ongoing COVID-19 pandemic.
The process related to Paycheck Protection Program ("PPP") loans under the CARES Act is moving quickly. Lenders may begin processing PPP loans as early as Friday, April 3, 2020, but it's unlikely all lenders will be ready to process and/or fund loans by this time.
Pursuant to the CARES Act (the "Act"), up to 100% of a Paycheck Protection Program ("PPP") loan may be forgiven if loan proceeds are used for specified eligible expenses during the 8-week period (the "Covered Period") following origination.
On April 9, 2020, the Federal Reserve announced preliminary details of the Main Street Lending Program, which permits the Federal Reserve to make programs aimed at providing financing to small and mid-sized businesses affected by the COVID-19 pandemic
The Department of Labor (DOL) has issued temporary regulations providing its interpretation of the Families First Coronavirus Response Act (FFCRA), offering further guidance to employers as they seek to comply with the new law that went into effect on April 1, 2020.
To assist employers in compliance with Emergency Families First Coronavirus Response Act (FFCRA), which takes effect on April 1, 2020, Maslon's Labor and Employment Group has reviewed the various guidance and provided answers to the most frequently asked questions.
Under recently issued Emergency Executive Order 20-20, beginning Friday, March 27, 2020, at 11:59 pm, all persons living in the State of Minnesota are ordered to stay in their homes for two weeks (through April 10th at 5:00 pm) in an effort to slow the spread of COVID-19.
Contractors, subcontractors, suppliers, architects, engineers, and other participants in the construction industry face great uncertainty as the reach and impact of the novel coronavirus (COVID-19) pandemic continues to develop.
The Department of Labor (DOL) has issued initial guidance on the Families First Coronavirus Response Act (FFCRA). This guidance addresses key questions under the FFCRA.