Entries by Nolan and Heller

My PPP Loan Forgiveness Application was Denied – Now what?

Last May, the Paycheck Protection Program (“PPP”) closed to new PPP loan applications, and the next phase of the PPP – loan forgiveness – began picking up steam. PPP loan borrowers have ten months from the end of their loans’ “covered period” (or period to use the loan proceeds for authorized purposes) to apply for […]

My PPP Lender Denied my Forgiveness Application – Now What?

As was discussed in a separate article, a Paycheck Protection Program (“PPP”) lender’s decision denying loan forgiveness cannot be appealed to the United States Small Business Administration’s (“SBA”) Office of Hearings and Appeals (“OHA”). However, that does not mean a borrower cannot contest the lender’s decision to deny the forgiveness application. First, a borrower can […]

SBA Issues New Guidance for PPP Lender Decisions Partially Denying Forgiveness

On January 27, 2022, the United States Small Business Administration (“SBA”) published new guidance regarding lender decisions partially denying forgiveness applications and created a process by which the borrower can request that the SBA review the lender’s decision.  The Old Rule This is a significant development because, before this new guidance, a borrower could only […]

Important MLMIC Demutualization and Sale Update:  The New York State Court of Appeals has scheduled oral argument for April 20, 2022 in appeals which will resolve a split between the Appellate Division courts over who is entitled to receive the proceeds of the October 1, 2018 demutualization and sale of Medical Liability Mutual Insurance Company.

On October 1, 2018, Medical Liability Mutual Insurance Company (“MLMIC”) was converted from a mutual insurance company to a stock company and sold to Berkshire Hathaway for $2.502 billion in cash consideration. Following MLMIC’s sale, litigation ensued throughout New York State between healthcare providers and their employers or former employers over which of them was […]

Cheers to the (hopeful) Return of Drinks to Go!

Governor Hochul Pledges Legislation for Legalization of Takeout Alcohol In her January 6, 2022, State of the State Address, New York Governor Kathy Hochul vowed to promulgate legislation allowing the return of alcohol to go. This announcement was greeted with great enthusiasm by the restaurant industry and the public. The Background on To-Go Alcohol in […]

Important MLMIC Demutualization and Sale Update: In 2022 the New York Court of Appeals will resolve a split between the Appellate Division courts over who is entitled to receive the proceeds of the October 1, 2018 demutualization and sale of Medical Liability Mutual Insurance Company.

On October 1, 2018, Medical Liability Mutual Insurance Company (“MLMIC”) was converted from a mutual insurance company to a stock company and sold to Berkshire Hathaway for $2.502 billion in cash consideration. Following MLMIC’s sale, litigation ensued throughout New York State between healthcare providers and their employers or former employers over which of them was […]

3 Nolan Heller Kauffman Attorneys Named to 2021 Super Lawyers®

We are proud to announce that 2021 New York Super Lawyers Upstate Edition has recognized three Nolan Heller Kauffman LLP attorneys. Justin A. Heller – Business Litigation & Creditor/Debtor Rights. Madeline H. Kibrick Kauffman  – Business/Corporate Law & Creditor/Debtor Rights. Francis J. Brennan  – Business Litigation & Bankruptcy Law. The Top 5% of Attorneys in […]

Proposed Changes to Federal Laws Look to Remove Industrywide Marijuana Hurdles

Many states, including New York, have recently legalized recreational marijuana; however, the current federal banking laws prohibit most banking institutions from any involvement in the cannabis industry. Proposed amendments to the relevant federal statutes seek to remove this hurdle. Despite the fact that marijuana is now legal, in some form, in more than thirty states, […]