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Paul Zimmerman

Showing 7 posts by Sanford L. Michelman.

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A Comprehensive Guide to Understanding Coronavirus-Related State Assistance Programs: Who is Giving What to Whom (Part II)

Having taken a deep dive yesterday into the CARES Act and other measures recently taken at the federal level to ease the economic pain inflicted by the coronavirus pandemic, Michelman & Robinson now turns its attention to state assistance packages. An overview of relief programs in California, Illinois, New York and New Jersey—along with some miscellaneous funding initiatives—follows. (Read More)

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A Comprehensive Guide to Understanding Coronavirus-Related Federal Assistance Programs: Who is Giving What to Whom

On Wednesday, March 25, the Senate approved a massive $2T economic stimulus package to provide a jolt to an economy reeling from the coronavirus pandemic. This legislation, known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, represents the largest emergency aid package in U.S. history. It will next go to the House of Representatives for a vote, and then if passed there as anticipated—to President Trump for signature, though that is not expected to happen until Friday, March 27, at the earliest. (Read More)

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Federal Reserve Responds Boldly to Coronavirus-Related Economic Downturn

Given the downward spiral of U.S. markets and disruptions faced by the economy in the wake of the coronavirus outbreak, the Federal Reserve, in several unprecedented moves, has accelerated its rescue plan today and announced unlimited bond buying, three new credit facilities, and an upcoming Main Street lending program. Together, these historic programs inject an extraordinary amount of new financing into the economy, all in an attempt to support the flow of credit to American families and businesses, promote stability in the financial system, and to push back on an all-out financial crisis. (Read More)

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An Important Message From Michelman & Robinson About California Governor's Statewide Stay-At-Home Order

The entire state of California has essentially been placed on lockdown as Governor Gavin Newsom has called for a statewide stay-at-home order to combat the spread of the coronavirus, which causes COVID-19. Governor Newsom’s move, which impacts nearly 40M people, comes on the heels of various “shelter in place” and similar orders that have already been issued throughout the state, including the “Safer at Home” emergency order declared in Los Angeles earlier today by Mayor Eric Garcetti. (Read More

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A Message From Michelman & Robinson About "Shelter in Place" Orders

With several counties in California’s Bay Area ordering residents to “shelter in place” for at least three weeks to keep coronavirus from spreading across the region, and Orange County (California) now following suit and preventing private or public gatherings, it seems quite possible that other jurisdictions may take these drastic measures as well. Whether you are located in an area now subject to a “shelter in place” order, or are somewhere that has yet to restrict movement, it is helpful to understand the scope of these new mandates, especially as they relate to your business.

(Read More)

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M&R Deciphers the Families First Coronavirus Response Act Just Passed by the Senate and Signed Into Law by the President

Today, in an effort to ward off economic calamity, the U.S. Senate passed its second economic relief bill this month in response to the coronavirus pandemic—the Families First Coronavirus Response Act ("Act"). The Act, which passed by an overwhelming 90-8 vote and was then quickly signed into law by President Trump, expands emergency paid sick and family leave for certain workers, expands unemployment insurance assistance, includes nutrition assistance, and guarantees free diagnostic testing for the coronavirus. Michelman & Robinson addresses common questions about the Act in this alert, which supersedes our discussion of the bill that passed the U.S. House of Representatives last week. Note that our analysis is based on the bill’s language as of March 18.

(Read More)

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A Primer on Defending Your Calif. Insurance License

For clients, there is little that can match the emotion of receiving an accusation from the California Department of Insurance seeking to revoke the license that justifies your business's existence. The reason is that licensees are conditioned to believe they have little to no rights when defending against the department. In this instance, it is good to be wrong. (Read more)