Coronavirus Stories We’re Following

04/27/20

The Coronavirus lawsuits have begun. In Florida insurance litigation news, a popular Fort Lauderdale restaurant has initiated a federal class action case against Chubb alleging that the insurer is refusing to cover lawsuits related to the pandemic and local shutdown orders. Learn More

Florida Litigation Update: Florida Appeals Court Holds Dissolved Company Can Prosecute and Defend Lawsuits in Winding Up its Affairs.

04/23/20

In an en banc opinion deciding the matter of Hock v. Triad Guar. Ins. Corp., 2D16-4008, 2020 WL 1036482 (Fla. 2d DCA Mar. 4, 2020), Florida’s Second District Court of Appeal held that a corporation that becomes administratively dissolved for failure to file an annual report may defend or prosecute an action in order to wind up its business and affairs. Learn More

Coronavirus Tax Assistance: Congress Temporarily Reinstates Net Operating Loss Carrybacks Under the CARES Act

04/14/20

Under the COVID-19 stimulus package, formally titled the Coronavirus Aid Relief and Economic Security Act (“CARES Act”), which the President signed into law on March 27, 2020, taxpayers who have been unable to carry back net operating losses originating after 2017 based on recent changes to the Internal Revenue Code (“IRC”) have been provided substantial relief. Learn More