The global outbreak and spread of COVID-19 (novel coronavirus) continue to present an unprecedented challenge to us all. In hope of providing updates and insights on this dynamic situation, we have created this page to assist in identifying and managing the broad range of issues that may affect you, your family and your business. We will update this page frequently with relevant information. Please do not hesitate to contact your NGE attorney with any questions regarding the information shared below or any of your other legal or business needs.
How employers should handle cases of employees who may have come into contact with someone exposed to the coronavirus, and other gray area cases.
Qualified disaster relief payments from employers are tax-free to employees for federal income and employment tax purposes. However, they remain deductible expenses for employers.
The impact of COVID-19 are without precedent and likely will generate subsequent NLRB rulings on whether employers under particular circumstances may be relieved of their bargaining duties.
Additional Employer Considerations
The DOL explains intermittent leave under the Families First Coronavirus Relief Act, plus the small business exemption.
Employers who are facing tough employment decisions should consult with counsel to determine what options and resources exist for their employees.
Details on the different ways employees can gain early withdrawals from their retirement savings.
A detailed list of the retirement plan, health plan, and other benefit provisions from the coronavirus stimulus bill.
Greater clarity on the conditions employers must accept to receive loans from the stimulus bill.
On March 25, a $2 trillion coronavirus relief package titled the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was unanimously approved by the Senate.
Businesses with between 500 and 10,000 employees that receive a loan from the federal government must remain neutral in any union organizing drive that occurs during the term of the loan.
The Department of Labor has clarified which employees count towards the 500-employee threshold of the Families First Coronavirus Response Act.
The Department of Labor posts its guidance on the Families First Coronavirus Response Act.
Clarification on how employer tax credits will work to pay for paid sick leave under the Families First Coronavirus Response Act.
Many employees are working from home, meaning employers need to assess expense reimbursement obligations closely in light of certain state laws and the employer’s own existing practices and policies.
The order goes in to effect on Saturday, March 21st 5:00 p.m. through the end of Tuesday, April 7th. The order includes a description of "essential businesses and operations" that will remain open during the duration of the order.
An overview of EFMLA impacts.
An overview of EPSLA impacts.
An outline of the important points for employees including key Q&As for employers who are struggling with COVID-19 issues day-to-day within their operations.
Compilation of guidance resources from CDC, DOL, EEOC, OSHA, Illinois Dept of Health and more.
New requirements for group health plans and health insurance policies concerning COVID-19 testing and related health provider visits.
An overview of California's temporary suspension of the 60-day employee notice period under California's WARN Act.
Important considerations for staying in compliance with the ADA during the COVID-19 pandemic.
Important considerations for employers when making major changes concerning their union workforce.
Details of New York's Paid Sick Leave Law, including its COVID-19 and long-term provisions.
A warning that hasty reduction in force decisions may lead to more harm than good.
Details of New Jersey's extension of their health care reporting deadline.
Thoughts on how employers can handle employees who choose to not comply with workplace rules related to COVID-19.
Discussion of the Families First Coronavirus Response Act, which provides some paid sick leave protections to employees diagnosed or exposed to COVID-19, as it winds its way through Congress.
An overview of what employers need to know to prepare their companies for COVID-19 based on OSHA's recently issued "Guidance on Preparing Workplaces for COVID-19".
General Business Considerations
This alert provides a high-level summary of some of the most common issues and questions regarding PPP loans.
D&O policyholders should expect their insurers to contest coverage for many claims arising out of the coronavirus pandemic.
Details on Paycheck Protection Program Loans, Economic Injury Disaster Loans, and state and local programs.
Additional Business Considerations
The U.S. Chamber of Commerce has created this resource to help small businesses prepare to file for a coronavirus relief loan under the CARES Act.
The City of Chicago, Cook County, State of Illinois and the Federal Government have announced various financial assistance programs to help businesses impacted by COVID-19.
In the wake of widespread quarantines, shelter-in-place, or stay-at-home orders, influencer marketing may seem well positioned to continue to circulate brand messages.
Stay informed of the latest updates on the impacts of COVID-19 and insurance coverage issues.
With unprecedented volatility in the capital markets, there are bound to be substantial financial losses. While this inevitably leads to a rise in litigation against financial institutions, it is important to focus on the cause of any losses.
Six considerations for business leaders as they prepare for many possible contingencies, including disruption, evolving business continuity and restructuring strategies.
A recent patent infringement suit over a company creating a COVID-19 diagnostic test highlights a concerning trend in healthcare patents.
As business losses caused by COVID-19 begin to mount, companies should carefully review their insurance policies to determine whether they may be covered. The attached insurance coverage checklist can assist you with this process.
Wealth & Tax Considerations
The U.S. federal government, and state and local governments, have taken actions to provide relief for taxpayers through legislation and administrative agency pronouncements. The firm believes certain tax developments are of particular interest to our clients.
The Bureau of Economic Analysis requires "U.S. Reporters" of certain foreign business interests to submit surveys on Form BE-10 or requests for extension by either May 29, 2020, or June 30, 2020, depending on how many forms are due.
Small business loans from the CARES Act may provide companies with a significant tax deduction.
Additional Wealth & Tax Considerations
The CARES Act temporarily repeals a section of the 2017 Tax Cuts and Jobs Act, for 2020 and retroactively back to 2018.
Without a power of attorney, parents are limited in their ability to make healthcare decisions for an adult child, if needed.
The Federal Reserve has just announced lowered rates for April, and the “7520 rate” and “applicable federal rate” of interest are down 60% and 50%, respectively, from a year ago. Read how these lowered rates present an opportunity for certain tax and estate planning techniques.
Managing Partner Scott Fisher shares the firm's commitment to the health and safety of our employees, clients, and their loved ones, and details the firm's business continuity plan for the months ahead.