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COVID-19

The ongoing public health emergency created by COVID-19 is having a significant impact on our clients and their customers. The challenges created by the pandemic are growing in number and evolving day by day. Severson & Werson is helping clients identify, understand, and manage COVID-19-related legal risks and trends. Across different practice areas—banking, business litigation, construction, creditor’s rights and bankruptcy, labor and employment, financial services, insurance, professional liability defense, and real estate—the Firm’s attorneys rely on their deep knowledge of clients’ businesses and industries to help track and make sense of the significant and often urgent legal issues that arise from this crisis. Severson & Werson is here to help. Please check back frequently as we update this page with new articles, bulletins, and other resources and content.

CARES Act E-Alerts

Severson & Werson has prepared the following bulletins and summaries to assist clients in responding to various legal issues arising from the pandemic:

Construction Law In this (or any other) time of social and/or business disruption, delays, or shutdowns, focus frequently goes to the scheduling clauses contained in design and construction professional service agreements. One common phrase frequently used in such agreements is “time is of the essence.” In ordinary times, the phrase garners little attention. In times of disruption, delay, and shutdown,… Read More

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Government Guidance

In addition to the case summaries identified below, multiple government agencies are continuing to release new information and guidance about the CARES Act which may be particularly helpful to those working in the financial services industry.  The latest information regarding the CARES Act can be found directly from the following government agencies.

  1. Federal Deposit Insurance Corporation Coronavirus Webpage for Bankers and Consumers: https://www.fdic.gov/coronavirus/
  2. Treasury Department Guidance Regarding the CARES Act: https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses
  3. Small Business Association Coronavirus Guidance and Resources: https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
  4. Consumer Financial Protection Bureau Unified Coronavirus Housing Webpage: https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/
  5. White House, Centers for Disease Control, and Federal Emergency Management Agency Coronavirus Webpage: https://www.coronavirus.gov/

CARES Act Litigation Tracker

On April 27, 2020, Informatech Consulting Inc., filed a class action lawsuit against a national lender in the United States District Court, Northern District of California (case number 4:20-cv-02892-DMR).  Plaintiff is represented by Greg Coleman Law PC, Lockridge Grindal Nauen P.L.L.P., and Whitfield Bryson LLP. Plaintiff provides consulting services to FDA regulated industries.  Plaintiff alleges that the defendant-lender was required… Read More

On May 5, 2020, Studio 1220, Inc., filed a class action lawsuit against a national lender and an affiliate in the United States District Court, Northern District of California (case number 3:2020cv03081).  Plaintiff is represented by Keegan & Baker, LLP. Plaintiff is a small business that operates a chain of clothing stores. Plaintiff claims the defendant-lender and affiliate failed to… Read More

On April 27, 2020, Plaintiff American Video Duplicating, Inc., Tush Law Ltd., and Kenneth M. Hahn (dba Cal State Financial) filed a class action lawsuit in the United States District Court, Central District of California (case number 2:20-cv-03815-ODW-AGR) against a number of defendant-lenders.  Plaintiffs are represented by Geragos & Geragos APC, Graylaw Group, Inc., and Dhillon Law Group Inc. Plaintiffs… Read More

On April 19, 2020, Plaintiffs Law Office of Sabrina Damast, Eye Land Optometry, BNG Restaurant Group Inc., and Umezu Enterprises LLC filed their putative class action in the United States District Court, Central District of California (case number 2:20-cv-03591) against a national lender. Plaintiffs are represented by the Stalwart Law Group. Plaintiffs are small businesses located in Southern California who… Read More

On May 12, 2020, ImpAcct, LLC, filed a class action lawsuit against a number of defendant-lenders in the United States District Court, District of Colorado (case number 1:20-cv-01344). Plaintiff is represented by the Shuman, Glenn & Stecker, Geragos & Geragos, P.C., Zimmerman Reed LLP, Graylaw Group, Inc., and Dhillon Law Group Inc. firms. Plaintiff is an accounting company based in… Read More

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