Featured Publications

November 2020

Federal Reserve Expands Scope of Main Street Lending Program

On October 30, 2020, the Federal Reserve announced amendments to the Main Street Lending Program to offer more targeted support to smaller businesses that continue to be adversely impacted by the COVID-19 pandemic. The Federal Reserve also released revised…

What the Construction Industry Needs to Know to Navigate COVID-19

While stemming this pandemic and ensuring public safety is of the utmost importance, construction industry professionals must also take practical steps to mitigate project impacts and financial harm. Peter J. Martin and Thomas P. Banas examine some of the …

SBA Seeks Approval of New PPP Loan Necessity Questionnaire for Borrowers of $2 Million or More

On October 26, 2020, the Small Business Administration (“SBA”) sought approval from the Office of Management and Budget to require Paycheck Protection Program (“PPP”) borrowers who, together with their affiliates, received loans of $2 million or mo…

October 2020

Connecticut Phase 3 Reopening and Potential Municipal Variation

View our original coverage of Connecticut's reopening process here.On October 8, 2020, Connecticut entered Phase 3 of the reopening process since the State closed down earlier this year because of the COVID-19 pandemic. Prior to the newest phase, as a resu…

Massachusetts Superior Court Strikes Down Disincentive Provision in MassDOT Bridges Contract

In an October 2020 summary judgment decision, the Massachusetts Superior Court upheld a general contractor’s challenge to the enforceability of a “disincentive” provision in a MassDOT construction contract. In addition to providing for liquidated dam…

SEC Revises Exchange Act Rule 15c2-11; Key Changes to Retail Investor Protections and Quotations for Over-the-Counter Securities

On September 16, 2020, the Securities and Exchange Commission (“SEC”) adopted amendments to Rule 15c2-11 (the “Rule”) under the Securities Exchange Act of 1934 (the “Exchange Act”), an important component of the over-the-counter (“OTC”) reg…