REAL ESTATE DEVELOPER FILES LAWSUIT SAYING COVID-19 EVENTS ENTITLED IT TO DELAY PURCHASE OF PROPERTY

W. Mark Mullineaux, Esq. mmullineaux@astorweiss.com, 610-291-3850 A California retail developer filed a lawsuit declaring COVID-19 and government shutdowns force majeure events entitling it to delay closing on $4.2 million property purchase from ExxonMobil. Pacific Collective, LLC v. Exxonmobil Oil Corp., Complaint, No. 20STCV13294 (Cal. Sup. Ct. Filed Apr. 3, 2020). Force majeure translates to “superior force” in French […]

Posted by

STATUS OF MORTGAGE FORECLOSURES IN PENNSYLVANIA AND IMPACT OF THE CARES [COVID-19] ACT

Despite Court Orders and the just passed Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), in Pennsylvania lenders on mortgages that are not “Federally Backed” may still file and serve mortgage foreclosure complaints, default judgments and writs of execution so that properties are ready for Sheriff’s sale when Sheriffs […]

Posted by

WHEN CAN CONTRACT DUTIES BE SUSPENDED OR TERMINATED BECAUSE OF THE CORONAVIRUS PANDEMIC?

The coronavirus (COVID-19) pandemic has impacted the ability of businesses to perform contractual duties. Governments around the world, including the United States and U.S. states, have imposed prohibitions on going to work, leaving  home,  meetings,  travel,  eat-in restaurants, and other limitations. This paper discusses when a party may have a […]

Posted by