Entries by Nolan and Heller

3 Nolan Heller Kauffman Attorneys Named to 2022 Super Lawyers®

Nolan Heller Kauffman is proud to share that the 2022 New York Super Lawyers Upstate Edition has recognized three of our outstanding 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. Only the Top 5% […]

Important MLMIC Demutualization and Sale Update: Policyholders who signed the MLMIC Consent Form in favor of their employers may still be able to recover their cash consideration from 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.  MLMIC’s Plan of Conversion provided that the proceeds of sale would be distributed to policyholders in exchange for the extinguishment of their membership […]

Important MLMIC Demutualization and Sale Update: Nolan Heller Kauffman obtains New York Court of Appeals Landmark Ruling that Policyholders – not their employers – are 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 […]

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 […]

Your PPP Lender Refused to Fund Your SBA-Approved PPP Loan – Now What?

Challenges with the Paycheck Protection Program It does not take much effort online to see there is a massive, lingering problem with the Paycheck Protection Program – PPP lenders across the country refused to fund thousands of borrowers’ PPP loans even though the loans were SBA approved and the borrowers had signed and submitted all […]

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 […]