Leslie Scism reported late last month at The Wall Street Journal Online that, “One of the biggest legal fights in the history of insurance has begun. “A cavalcade of restaurateurs, retailers and others hurt by pandemic shutdowns have sued to force their insurers to cover billions in business losses. A video berating the industry ran… Continue Reading
Category Archives: General Interest
“Business Interruption” Insurance Issues Persist During Pandemic
Businesses / Workers Concerned About Coronavirus-Related Lawsuits
New York Times writers Ana Swanson and Alan Rappeport reported recently that, “Whether companies are liable if their workers and customers catch the coronavirus has become a key question as businesses seek to reopen around the country. Companies and universities — and the groups that represent them — say they are vulnerable to a wave… Continue Reading
COVID-19 Impacting Craft Beer Market
Mike Snider reported recently at USA Today Online that, “Beer lovers may soon find themselves crying in their beer – or at least what’s left of it. And you can blame it on the coronavirus. “After a decade of ever-expanding beer choices – hazy, citrusy IPAs, crisp lower-alcohol lagers, mouth-puckering sour beers – the beer… Continue Reading
Meat Plant Workers File Lawsuit Against Smithfield Foods During COVID-19 Pandemic
Reuters writer Daniel Wiessner reported last week that, “Smithfield Foods Inc, the world’s largest pork processor, has been accused in a lawsuit of failing to adequately protect workers at a Missouri plant who have been forced to work ‘shoulder to shoulder’ during the novel coronavirus pandemic. “The lawsuit filed Thursday in Missouri federal court claims… Continue Reading
Do “Business Interruption” Insurance Policies Cover Pandemic Claims, a Dispute Emerges
Washington Post writers Tom Hamburger and Tony Romm reported yesterday that, “A multibillion-dollar standoff between the nation’s leading insurers and the restaurants, hotels, gyms and theaters that purchase their policies has spilled into some of the most powerful corridors of Washington, as both sides clash over who should foot the sky-high costs of the coronavirus… Continue Reading
“Welcome to M&A During a Pandemic”
Bloomberg writers Dinesh Nair, Liana Baker, and David Hellier reported this week that, “As the coronavirus roils markets, dealmakers are pulling out all their tricks to get transactions done. Auctions are accelerating in case conditions worsen. Sellers are choosing cash upfront over higher offers; and they’re doing it all over video chat while pets and… Continue Reading
“Corona Clause” Crops Into Loan Documentation
Joe Rennison reported last week at The Financial Times Online that, “Lawyers are calling it the ‘corona clause’: new language that has cropped up in loan documentation giving borrowers more leeway to absorb hits to their businesses caused by the viral outbreak. “Such terms could allow for lost revenues to be added back to calculations… Continue Reading
California Bill Impacts Rules of Employment Across a Swath of Industries
Margot Roosevelt, Johana Bhuiyan and Taryn Luna reported last week at the Los Angeles Times Online that, “California lawmakers rewrote the rules of employment across a wide swath of industries [last week] in legislation that could grant hundreds of thousands of workers new job benefits and pay guarantees. “After vigorous debates over what occupations should… Continue Reading
Women’s Share of Board Seats Rises to 20%
Wall Street Journal writer Rachel Feintzeig reported last week that, “One-fifth of seats on a broad swath of public-company boards are now held by women, a sign of change as U.S. corporations face increased pressure to diversify. “The share of female board members in the Russell 3000 index, which includes most public companies on major… Continue Reading
The Business Roundtable Tweaks Its Statement of “the Purpose of a Corporation”
Wall Street Journal writer David Benoit reported recently that, “The leaders of some of America’s biggest companies are chipping away at the long-held notion that corporate decision-making should revolve around what is best for shareholders. “The Business Roundtable [last month] changed its statement of ‘the purpose of a corporation.’ No longer should decisions be based… Continue Reading