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 […]

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CONGRESS APPROVES ADDITIONAL $310 BILLION OF FUNDING TO REPLENISH PAYCHECK PROTECTION PLAN LOAN PROGRAM

On April 24, 2020, Congress passed, and President signed, an additional $310 Billion of funding to replenish the Paycheck Protection Plan (PPP) after the initial $350 billion of the program’s funding was exhausted.  Applications for new funding will be accepted on April 27, 2020.  While the PPP program was lauded […]

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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 […]

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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 […]

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Businesses Should Determine Whether Non Performance of Contracts May Be Excused by the COVID-19 Pandemic

In this time of uncertainty, businesses should examine their contracts to analyze the risk of non-performance of obligations and to identify force majeure clauses in light of the COVID 19 pandemic.  Force majeure clauses, and the common law doctrine of impracticability, may excuse non-performance upon the occurrence of unanticipated events […]

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Alan H. Molod is the recipient of the seventh annual Pennsylvania Bar Association W. Edward Sell Business Lawyer Award.

By Victoria Hudgins| October 11, 2018 at 12:00 PM Honored Philadelphia lawyer Alan H. Molod is the recipient of the seventh annual Pennsylvania Bar Association W. Edward Sell Business Lawyer Award, which is set to be presented at the2018 Business Law Institute in Philadelphia, Nov. 7-8. Molod is being recognized for his contributions to the practice of business […]

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The Test: Does the European General Data Protection Regulation Apply to Your Business Operating in the USA?

BY: William Mark Mullineaux, Esq.* Sagan Medvec* On May 25th, 2018, the European Union’s (“EU”) General Data Protection Regulation (“GDPR”) goes into effect and it may shift the way you collect data, manage user information, and market to prospects even if you are not intentionally marketing to people in Europe. […]

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