New FINRA Rule Provides Help To Investors In Recovering Arbitration Awards
One of the first issues we consider as a securities arbitration lawyer prior to bringing a claim against an investment advisor for unsuitable investments is whether the advisor can pay any judgment that is awarded. The advisor may have an expensive office in Stamford or Greenwich, but may not have the resources to pay a... Read More
Are Your Contract Obligations Excused Because of COVID-19 Related Events? It Depends
Throughout Connecticut, particularly in Fairfield and New Haven Counties, businesses are dealing with widespread travel and event cancellations, supply chain interruptions, facility shutdowns, and layoffs due to the COVID-19 pandemic. Connecticut mandates implemented to limit the spread of the virus are affecting business-to-business agreements. In light of this, many businesses need to determine whether they... Read More
Investor Issues During COVID-19 in Connecticut
As expected, the COVID-19 pandemic has caused extreme market volatility, with wild fluctuations in stock prices and the value of investment portfolios. Though market volatility has historically precipitated an increase in securities and investment-related litigation and arbitration, the spread of COVID-19 only underscores an already delicate issue in most investor claims – proving that account... Read More
ZNC Forms Bankruptcy and Restructuring Group to Assist Clients with COVID-19 Related Financial Distress
Dear clients and friends: To assist our clients and friends who may be suffering from financial distress as a result of Covid 19, Zeldes, Needle & Cooper has formed a Bankruptcy and Restructuring group, The Zeisler Verrillo Bankruptcy and Restructuring Group. This division of our firm offers decades of experience in bankruptcy and restructuring. Its... Read More
Will Insurance Companies Cover Business Interruption Claims Related to COVID-19?
As the COVID-19 pandemic evolves, new issues emerge for business owners. As a result, there has been a wave of COVID-19 related litigation throughout the country. A recent issue concerns whether or not comprehensive commercial insurance coverage includes business losses suffered as a result of government-ordered shutdowns. Since Connecticut has issued orders forcing many businesses... Read More
Bob Pacelli Participates in Livestream re Forbearance for Mortgages
Many homeowners in Connecticut and Fairfield County are unable to make timely mortgage payments due to the current COVID-19 crisis. Pursuant to the CARES Act recently passed by Congress, most lenders are required to enter into forbearance arrangements with homeowners negatively affected by COVID-19 . Lenders cannot begin collection or foreclosure proceedings against homeowners in... Read More
Connecticut Community Association Collections During the COVID-19 Pandemic
Connecticut community associations are currently confronting unique challenges as a result of the COVID-19 pandemic. Common interest communities in Fairfield County have been have been particularly challenged due to the severity of the virus in our area. While the circumstances are unprecedented, and it may not be business as usual, association boards are encouraged to... Read More
Guide to the Coronavirus Aid, Relief and Economic Security (CARES) Act for Small Business
The Coronavirus Aid, Relief and Economic Security (CARES) Act was recently passed by Congress to assist small business owners with dealing with the economic stress of the Coronavirus outbreak. The aid is supposed to start on Friday, April 3, 2020. Banks are concerned about whether the required terms of the loans are viable and... Read More
Tax-Related Actions Taken Regarding COVID-19
The Coronavirus Disease 2019 (COVID-19) pandemic is affecting our families, businesses, communities, and our overall way of life, particularly in hard-hit Fairfield County. While your highest priority at this time is understandably the health of those you love and yourself, it is important to stay current on matters related to the health crisis. Here is... Read More
Employer Compliance with the FFCRA, the Families First Coronavirus Relief Act
Fairfield County employers know that laws regarding medical leaves and sick pay recently passed in response to the coronavirus pandemic are complicated. Until recently, were subject to change with each of the coronavirus bills being considered by Congress. It looks like the Families First Coronavirus Relief Act, or FFCRA, is now set, and comes into... Read More