By Henry L. Goldberg, Legal Counsel, Subcontractors Trade Association
Partner, Moritt Hock & Hamroff LLP

Robert J. Fryman Partner, Moritt Hock & Hamroff LLP

Henry L. Goldberg
Subcontractors Trade Association
Partner,
Moritt Hock & Hamroff LLP

Robert J. Fryman
Partner,
Moritt Hock & Hamroff LLP

This month’s Legal Log will be different…as is everything else in our lives today.  Rather than addressing conventional construction-related legal issues as we typically do, we will be focusing, directly, on rapidly developing COVID-19 (Coronavirus) related issues.  To do so in a timely and authoritative manner, we are privileged to be able to draw upon the resources of all of the specialized departments of our law firm, Moritt Hock & Hamroff LLP.

The firm has developed a “COVID-19 Resource Page” of directly relevant articles of practical value to our clients. Whether you originally were a construction, or a tax, business, financing, real estate, intellectual property, employment law, business succession planning or wills and estates client of the firm, we trust you will find these Coronavirus issues to be of interest and benefit to you and your businesses.

Our first Legal Log devoted to Coronavirus issues, set forth below, addresses the Payroll Protection Program (or PPP) created by the CARES Act, which has just been provided by Congress and the White House with a second round of funding in excess of $320 billion for businesses impacted by the Coronavirus Pandemic.  Of the original $2.2 trillion provided for “small business” in the CARES Act, the PPP had run out of its initial allocation of $349 billion by April 16, 2020.  Significantly, small business was defined as companies with employees with 500 or less, not what is commonly considered as “small”.  Are you eligible?  How can you obtain what is available to your company?  Time is of the essence, as federal funds will, no doubt, run out again.  The CARES Act also increased and expanded unemployment insurance benefits, both in duration and with respect to coverage of previously uncovered workers.

Please feel free to reach out to us at hgoldberg@moritthock.com or rfryman@moritthock.com with any questions for us or for one of our colleagues.

Stay safe and be well,