News

Elliott J. Ehrenreich acted as corporate counsel to Rensselaer Alumni Association (“RAA”), the official Alumni Association of the Rensselaer Polytechnic Institute in Troy, New York, in the successful resolution of litigation brought against RAA by certain of its members regarding various objections to corporate governance matters.

The SBA updated its FAQ related to the necessity certification for PPP loans this morning, May 13, 2020. The FAQ addresses the good-faith certification concerning the necessity of the PPP loan request.

Late on May 5, 2020, the SBA published a new FAQ (FAQ Question #43) that extends the safe harbor deadline from Thursday May 7, 2020 to Thursday May 14, 2020.

Alert: New Question #40 in SBA's FAQs posted 5/3/2020 - No reduction in PPP loan forgiveness for laid-off employee's refusal of rehiring by PPP loan borrower

ALERT: IRS Notice 2020-32 Issued: EXPENSES PAID WITH LOAN FORGIVENESS FUNDS ARE NOT DEDUCTIBLE

Mark Kuhar will participate in the Venango Area Chamber of Commerce's new online resource series on Tuesday, May 5, addressing human resources concerns.

President Trump has signed into law a bill providing for $500 billion in relief due to the COVID-19 pandemic. Part of the package includes approximately $320 billion more for the Paycheck Protection Program (PPP).

Pennsylvania's Act 9, which includes temporary changes to unemployment compensation, also contains a new employer mandate which will continue after the pandemic ends.

ECBA offers free 'Ask-a-Lawyer' service for businesses affected by COVID-19, led by Guy C. Fustine.

The Paycheck Protection Program Application for financial relief due to the COVID-19 pandemic has been released and finalized.