News & Analysis as of

Revenue Coronavirus/COVID-19

Foley & Lardner LLP

Practical and Legal Considerations for Extending Cash Runway in a Changing Economy

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Bearing the Bear Market: Article 2 The funding environment for emerging companies has fundamentally shifted in 2022 for both venture capital and IPOs, particularly after a banner year in 2021. Whether these headwinds...more

J.S. Held

Event Cancellation Insurance: Calculating Ascertained Net Loss in Practice

J.S. Held on

“An event cancelled is better than a life cancelled,” according to World Health Organization Director-General Tedros Adhanom Ghebreyesus when speaking in December 2021 in response to the spread of the COVID-19 Omicron...more

Bradley Arant Boult Cummings LLP

Treasury Issues Final Rule for State and Local Fiscal Recovery Funds Under the American Rescue Plan

On March 11, 2021, the American Rescue Plan Act (“ARPA”) was signed into law and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund, which together make up the Coronavirus State...more

Flaster Greenberg PC

THE GLORY OF THEIR ERA: Penn Basketball in the 1970’s

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Frozen in time, immortalized in a picture in the vestibule in the Palestra, Steve Bilsky rose up for a shot with three seconds remaining against Villanova. The date was January 15, 1969. Then as now, Villanova was a national...more

Eversheds Sutherland (US) LLP

What to expect in unclaimed property trends for 2021

Many US companies will face the threat of increased unclaimed property exposure in 2021 as states and private litigants ramp up audits, litigation and legislative changes designed to increase payments to states. Although...more

Chambliss, Bahner & Stophel, P.C.

HHS Provider Relief Fund Portal Is Open … for Registration Only

The Department of Health and Human Services (HHS) opened its Provider Relief Fund (PRF) Reporting Portal today (January 15, 2021)—but for registration only. As mentioned in our last post, we have been anticipating the...more

Nossaman LLP

Can Parking Benefit Districts Step In as Revenue Sources Dry Up?

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The COVID-19 pandemic, and resulting lockdowns and economic disruptions, have severely affected the usual revenue sources that local governments have used to fund public improvements and transportation services – e.g.,...more

Sheppard Mullin Richter & Hampton LLP

And We Have Lift-Off: Improvements in Healthcare Revenue Cycle Management to Address COVID-19 Challenges

G force is used to describe the acceleration of an object relative to gravity. The Wright brothers understood that the lift of the airplane had to be greater than the force of gravity. In much the same way, the pull of...more

Mayer Brown

California’s AB913 Permits Securitization for Recovery of COVID-19 Electric Utility Undercollections

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In what we understand to be the first state law to do so, California’s Assembly Bill 913 (AB913), which was enrolled on September 4, 2020, amends Section 850 of the Public Utilities Code to allow electrical corporations to...more

Foster Garvey PC

OTA & Travel Distribution Update: Expedia’s recent second-quarter earnings release reflects current travel industry misery;...

Foster Garvey PC on

This week’s Update takes a deep dive into all things Expedia, and includes several stories regarding Expedia’s recent disastrous quarterly earnings release, an actual copy of the release as well as a copy of a complaint...more

Robins Kaplan LLP

Financial Daily Dose 7.9.2020 | Top Story: United Airlines Warns of Layoffs Affecting 40% of Its Workforce This Fall

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United Airlines is preparing to furlough as many as 36,000 workers—“nearly 40 percent of its global work force”—if the travel industry remains weak as summer turns into fall. The October 1 cuts would coincide with the end of...more

Robins Kaplan LLP

Financial Daily Dose 6.23.2020 | Top Story: White House Suspends Work Visas for Hundreds of Thousands

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On Monday, the White House announced its plan to extend a “freeze on ‘green cards’ for new immigrants” and to “suspend H-1B, L-1, J and other temporary work visas for skilled workers, managers and au pairs through the end of...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #8

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In Washington: White House economic adviser Kevin Hassett said Tuesday the odds of a “Phase Four” stimulus package “are very, very high,” even if data on output and jobs continue to surpass expectations. ...more

Hogan Lovells

Coronavirus: The Hill and the Headlines – COVID-19 D.C. Update – June 2020 #4

Hogan Lovells on

In Washington: Senate Republicans continue to disagree over unemployment benefits amid a recession. Forty million Americans are unemployed and the $600 additional weekly benefit expires at the end of next month. ...more

Mayer Brown Free Writings + Perspectives

EBITDA Adjustments for Lost Revenues Resulting from COVID-19

As many parts of the United States begin to focus on recovering from the profound impact caused by the COVID-19 outbreak, businesses are looking to minimize the pandemic’s toll on their financial performance....more

Littler

The Netherlands: “NOW” Wage Subsidy Program Rules Eased

Littler on

Last week, Dutch Minister Koolmees sent a letter to the Lower House, confirming an expansion of the temporary Emergency Bridging Measure for Job Opportunities program ("NOW")....more

Jackson Lewis P.C.

Lost Revenue From COVID-19 Crisis Prompts Colleges, Universities To Urge NCAA Waiver

Jackson Lewis P.C. on

Even as some states claim the immediate effect of the COVID-19 pandemic is starting to plateau, the potential financial impact of the pandemic on college athletics is just starting to emerge. As college and universities...more

Foley & Lardner LLP

Stress and Distress in the Hospitality Industry Due to the Coronavirus

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The coronavirus outbreak has impacted the hospitality industry disproportionally more than other industries. For many companies, revenues have fallen off the cliff. Further, the uncertainty and likely overhang of coronavirus...more

Hogan Lovells

The impact of COVID-19 on the hardest hit industries and how to minimize the damage

Hogan Lovells on

COVID-19 has produced an instant global economic shock. It is unclear whether the economic effects will be short-term – like the post-9/11 recession – or long-term – like the 2008 global financial crisis. We examine the...more

Robins Kaplan LLP

Financial Daily Dose 3.13.2020 | Top Story: COVID-19 Fears Push Wall Street to Worst Losses Since Black Monday

Robins Kaplan LLP on

It’s been a week or so, and we’re running out of ways to say that this is bad. But it certainly is. Your bear market stats for the day: the biggest daily drop by percentage for both the S&P 500 and the Dow Jones Industrial...more

Goulston & Storrs PC

An Unintended Interruption to the Global Supply Chain

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The current outbreak of COVID-19 (the coronoavirus) will be a test of the global supply chain’s strength in the face of unintended interruptions, and can be a lesson on building-in supply-chain contingency plans.  As a result...more

Robins Kaplan LLP

Financial Daily Dose 2.18.2020 | Top Story: Apple Cuts Revenue Expectations and HSBC Axes Jobs as Coronavirus Infects Business...

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Apple announced that the coronavirus outbreak that’s brought Chinese manufacturing to a near-standstill and continues to spread around the world will affect its quarterly sales expectations.  The news makes Apple “one of the...more

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