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Governor DeSantis Signs Florida’s 2020-2021 State Budget

When the gavel dropped in March, Florida’s Legislature had approved a $93.2 billion dollar state budget. With the state battling the fiscal impacts of COVID-19, Governor Ron DeSantis made significant cuts, totaling $1 billion, to the spending plan for FY 2020-2021. DeSantis signed the $92.2 billion budget on Monday, including $6.3 billion set aside in […]

U.S. Supreme Court issues key ruling in Internet company trademark case

The United States Supreme Court issued a key ruling today that will have far-reaching implications for many companies that conduct business on the Internet. The Court ruled that a generic company name with “.com” added to it would be entitled to trademark protection even though the generic name alone would probably not be entitled to […]

SEC Extends COVID-19 Relief

On June 25, 2020, the staff of the SEC extended the relief previously afforded to public companies and others as a result of the COVID-19 pandemic.  The extension applies to (1) the requirement to manually sign and retain signature pages or other “authentication” documents; and (2)  paper filings of manually signed Forms 144.  Unlike the […]

IRS Extends Rollover Relief for Required Minimum Distributions Waived Under the CARES Act

If you are planning on taking or have taken your required minimum distribution from your retirement plan this year continue reading.  The Coronavirus Aid, Relief and Economic Security (CARES) Act waived required minimum distributions from certain qualified retirement plans and IRAs for 2020.  Acknowledging that many taxpayers may have already taken their required minimum distribution […]

SEC publishes more COVID-19 disclosure guidance

On June 23, 2020, the SEC published updated Guidance on disclosures of operations, liquidity, and capital resources in light of COVID-19.  The Guidance urges companies “to provide disclosures that allow investors to evaluate the current and expected impact of COVID-19 through the eyes of management and to proactively revise and update disclosures as facts and circumstances […]

Summary of President Trump’s June 22, 2020 Proclamation

On June 22, 2020, President Trump issued a Proclamation expanding the provisions to Proclamation 10014, “Proclamation Suspending Entry of Immigrants Who Present Risk to the U.S. Labor Market During the Economic Recovery Following the COVID-19 Outbreak.” Below please find a summary of the President’s Proclamation. The Proclamation takes effect on Wednesday, June 24, 2020 at […]

U.S. Supreme Court Rules Gay and Transgender Employees Protected Under Federal Law

In a decision released June 15, 2020, the United States Supreme Court held that Title VII of the Civil Rights Act of 1964 protects gay and transgender employees. Title VII already prohibited discrimination based upon an individual’s race, sex, national origin, or religion.  Trial and appellate courts across the country had been inconsistent in their […]

SEC adopts improvements to disclosure requirements in M&A transactions

On May 21, 2020, the SEC announced the adoption of amendments to its disclosure requirements relating to acquisitions and dispositions of businesses.  The amendments, proposed in May 2019, impact SEC Regulation S-X and related rules and forms, and would implement some significant changes, such as (1) modifying the tests used to determine whether an acquired […]

President Signs PPP Flexibility Act; adjusts requirements for PPP loan recipients

On June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”).  On June 5, 2020, the President signed the PPP Flexibility Act into law.  The PPP Flexibility Act is intended to provide additional flexibility to PPP recipients to reflect the realities that they face in navigating these […]


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