Skip to main content

News & Updates

Daily Three: June 26

Date

June 26, 2020

Read Time

1 minute

Share


 

  1. Client Question: “Should we include the FTE status of owner-employees in the forgiveness calculations? If the company had 10 FTEs (1 of the 10 was an owner) in the reference period and the company has 8 FTEs (1 of the 8 is an owner) in the covered period, does the owner get included in the reduction calculations?” Do not include owner-employees when determining FTEs. Answered by Aria Eckersley

 

  1. Governor Pritzker first issued an Executive Order to address COVID-19, commercial landlords and tenants have speculated what this would mean for commercial leases and whether tenants would be entitled to rent abatement during any period of the COVID-19 pandemic. This question is playing itself out in the Circuit Court of Cook County right now as law firm Jenner & Block LLP ("Jenner") defends a $3 million breach of lease suit brought by its landlord. Check your leases for similar provisions in evaluating any rent abatement requests and when considering litigation strategy. Authored by Jamie Burns

 

  1. Answer this one-question survey. What is your biggest legal challenge or most important legal question for your business right now? Why? We are thrilled to hear that many of our readers are finding this content helpful. It is our priority to help ease concerns, share perspective, and instill confidence as you continue to make critical decisions for your business every day. We are devolving content, programs, and legal offerings to directly address your needs.

 

For more resources and LP's response to COVID-19, visit this webpage.


Filed under: Corporate, Litigation

January 24, 2024

Levenfeld Pearlstein’s Corporate Group Expands with the Addition of Cybersecurity Attorney Kathryn Nadro

Read More

January 03, 2024

LP Promotes Benjamin Altshul, Robert Garner, and Sean Williams to Partner

Read More