Noteworthy developments affecting our firm, industries and clients.
REMINDER: FEMALE AND MINORITY DIRECTORS REPORT NOW REQUIRED FOR ILLINOIS-HEADQUARTERED PUBLIC COMPANIES; RESULTS TO BE PUBLISHED BY ILLINOIS SECRETARY OF STATE
As we reported last August, Illinois has adopted a requirement that all public companies with their principal executive office located in Illinois must now file information with their Illinois Annual Report regarding gender and minority information about directors and executive officers as well as criteria for selecting and promoting directors and executive officers.
July 1, 2020
UPDATES ON THE PAYCHECK PROTECTION PROGRAM UNDER THE CARES ACT
On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law. The PPPFA alters some key aspects of the Paycheck Protection Program (PPP) run by the Small Business Administration (SBA). The PPP loans from the SBA, available under Section 7(a) of the Small Business Act, are still 100% federally guaranteed and subject to forgiveness under certain circumstances. The PPPFA provides greater flexibility on PPP loan terms and loan forgiveness.
June 25, 2020
Ex-Big Law Laywers Expand Chicago Corporate Boutique as Pandemic Hits Larger Firms
May 27, 2020
Does New Guidance Make PPP Loans Viable for U.S. Subsidiaries (of Foreign Parents)?
May 15, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act and Aid for Businesses
March 27, 2020
Geoffrey R. Morgan appointed to Financial Accounting Standards Board (FASB) Small Business Advisory Committee
March 26, 2020
Client Brief | SEC Proposes Amendments to Increase Access to Private Capital Markets
December 23, 2019
Client Brief | SEC Expands “Testing-the-Waters” Rule Beyond Emerging Growth Companies
October 30, 2019