Legal News

Nicholas Honchariw’s battles with the County of Stanislaus over his 9-lot subdivision have now resulted in a fourth published appellate decision. (See our prior reports, County Violates California’s Anti-NIMBY Law by Rejecting Housing Project With No Affordable Units; No Affordable Housing, No Attorney’s Fees Under Housing Accountability Act; and If At First You Succeed, Don’t Try, Try, Try Again). In Honchariw IV, the appellate court held that Honchariw’s disagreement with the County’s......

The U.S. Securities and Exchange Commission on May 21, 2020, adopted amendments to Regulation S-X (Reg S-X) for financial statements related to acquisitions and dispositions of businesses. SEC Chairman Jay Clayton stated that the amendments are...By: Perkins Coie

Indemnification obligations are used to allocate risk between a buyer and a seller in nearly all mergers and acquisitions transactions. In an acquisition of a distressed company or its assets, however, the seller may not be creditworthy (i.e., able...By: Perkins Coie

The six Bay Area counties that led the way in requiring their citizens to shelter in place on March 16 and again on March 31—Alameda, Contra Costa, Marin, San Francisco, San Mateo, and Santa Clara—issued new orders on April 29 extending many of the...By: Perkins Coie

Washington Governor Jay Inslee signed an addendum to the Stay Home, Stay Healthy Order (Proclamation 20-25) on April 24, 2020, to allow certain construction to resume, provided projects institute a COVID-19 safety plan and workers use personal...By: Perkins Coie

Several COVID-19-related mergers and acquisitions (M&A) complaints have been filed with the Delaware Court of Chancery since the start of this month, with spurned sellers alleging that buyers experienced a change of heart due to COVID-19’s economic...By: Perkins Coie

There are many ways that companies can cooperate with each other to combat COVID-19 without running afoul of antitrust laws. But companies considering cooperating with competitors should be aware of and assess potential antitrust risks before they do...By: Perkins Coie

On March 20, 2020, Governor of Illinois JB Pritzker, issued an executive order requiring Illinois residents to stay at home and limiting business activities which may remain open to “Essential Businesses and Operations.” This update focuses on the...By: Perkins Coie

Governor of Oregon Kate Brown issued a state-wide Executive Order No. 20-12 on March 23, 2020, directing Oregonians to stay at home unless engaging in certain activities or working at certain businesses. The order is effective immediately and remains...By: Perkins Coie

Owners and developers with construction projects underway are understandably very concerned about the impact of COVID-19 on the viability of their projects. Even those construction projects permitted to continue under the numerous stay-at-home orders...By: Perkins Coie