Category: Business Law
Emergence of Omicron and its Impact on the Workforce
With the arrival of a new season comes the arrival of a new variant of COVD-19: Omicron. As employers navigate another season of managing the virus’s impact on the workforce, it remains important to stay informed and take precautionary measures surrounding the workplace. Preliminary Information on Omicron As the first death related to the variant
Inflation Begins Hitting Consumer Purses
Prices of online goods have now risen for an unprecedented 15 consecutive months, just after what was a record-setting period of declines. Inflation is hitting all different types of products, including pet products, non-prescription drugs, clothing, furniture, and flower arrangements. The rise in digital sticker prices across the industry means online commerce transactions are soon
President Biden Announces Sweeping Pandemic Regulatory Measures
On September 9, 2021, President Biden announced a “Path Out of the Pandemic,” detailing the regulatory powers and actions his administration will use to increase the number of vaccinated Americans. Currently, the outlined plan is advisory, while agencies develop more-detailed policies regarding compliance with certain directives. The plan provides the following: Employers of more than
Remote Notarizations Permitted Under New Illinois Law
On July 26, 2021, SB2664 was signed into law by Governor J.B. Pritzker as Public Act 102-160. This major revision of the Illinois Notary Public Act (“INPA”) authorizes the use of both Remote Ink Notarizations (“RIN”) and Remote Online Notarizations (“RON”) in real estate transactions. The INPA sets forth the details required for the notary
COVID-19 Business Interruption Suit Can Proceed, Cook County Judge Rules
Cook County Circuit Court Judge Raymond W. Mitchell denied a motion to dismiss in a bellwether case determining whether the presence of coronavirus causes “physical loss or damage” for insurance purposes. JDS Construction Group LLC, a New York company, filed suit against Chicago-based insurer, Continental Casualty (“Continental”), over the losses from the shutdown of a
Senate Passes Massive Infrastructure Bill
Senate Passes Massive Infrastructure Bill The U.S. Senate recently passed the Infrastructure Investment & Jobs Act (“IIJA”), clearing a major hurdle for the $1 trillion measure, which would be used for federal highway, bridge, and public transportation improvements. Investment for highway programs totals 35% ($347.8B) of this bill, which will be a 24% increase from
4 Ways to Attract the Next Generation of Skilled Workers
Written by Michael Albercio of Assurance Agency, Ltd., one of Rock Fusco & Connelly’s trusted advisors. Attracting and retaining talent has been a challenge the industry has been faced with the last few years. The pandemic, lack of skilled labor, demand of residential construction and difficulty of recruiting a new generation hasn’t made it easy
New Law Allows NCAA Athletes in Illinois to Be Paid
The Student-Athlete Endorsement Rights Act allows students to be compensated, not directly by their schools, but by endorsements and marketing campaigns. Under the new law, college athletes will be able to hire agents and negotiate deals to profit off their name and likeness. Illinois is leading the nation in modernizing the collegiate sports system and
Senate Joint Resolution Constitutional Amendment 11 (“SJRCA 11”)
On May 26, 2021 the Illinois Senate announced that Senate Joint Resolution Constitutional Amendment 11 (“SJRCA 11”) had been adopted by both houses of the Illinois General Assembly. SJRCA 11 would permanently enshrine in the Illinois Constitution unprecedented power of government unions. Already the Illinois labor market performance has been lagging behind the rest of
Supreme Court Upholds Affordable Care Act
The Supreme Court once again upheld the Affordable Care Act, providing another lifeline to President Obama’s landmark legislation. This is the third Supreme Court opinion upholding the law. The case, California v. Texas, was brought by the state of Texas, and joined by nineteen other states, to challenge the constitutionality of the individual mandate, a