Losey PLLC

We recently updated our website with blogs on Florida's COVID-19 Liability Shield Law and an update on Florida Sales Tax Law. https://www.losey.law/intelligence

Thank you Losey PLLC for another year of your generous donation. Losey PLLC

We are excited to feature Catherine Losey as our next attorney spotlight! Catherine is the founder and managing partner of Losey PLLC. She regularly represents companies on workplace legal issues. Her experience includes the representation of Fortune 50 companies and individuals at all stages of litigation in state, federal, and administrative forums. She represents clients in a wide range of industries, including health care, hospitality, staffing, technology, national retail, banking, and other financial services. Her diverse workplace litigation experience includes representation of management in national class and collective actions. She has represented clients in investigations brought by governmental agencies, including the Equal Employment Opportunity Commission, the Department of Labor, State Attorney Generals’ Offices, and the National Labor Relations Board. To read more about Catherine click below: https://www.losey.law/catherine-losey

The Federal Reserve has approved $2.3 trillion in new economic initiatives designed to provide support to households, businesses, and local governments impacted by the coronavirus pandemic. One such initiative is the Main Street Business Lending Program which is designed to help small and mid-sized businesses during this time. Through this program, the Federal Reserve will provide loans to companies with up to 10,000 employees or less than $2.5 billion in revenue last year. These "Main Street" loans would be four-year, low interest loans for a minimum of $1 million with principal and interest payments deferred for a year.

The Federal Reserve is partnering with eligible banks to offer new Main Street loans or increase the amount of existing loans. The proposed term sheets for these loans can be found on the Federal Reserve’s website at this link.

Additionally, businesses must also follow the same compensation, stock repurchase, and dividend restrictions that apply to direct loan programs under the CARES Act.

The program is not yet final and will be open for consumer and industry feedback through April 16, 2020.

Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and