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The Southern District of New York has recently issued a decision that could ultimately have a significant impact on the enforceability of contracts that required performance during the COVID-19 pandemic. In
JN Contemporary Art, LLC v. Phillips Auctioneers LLC, (20-cv-04370)
, the Honorable Denise Cote, U.S.D.J., ruled that COVID-19 constituted a “natural disaster,” thus falling within the ambit of a
force majeure clause contained within the parties’ contract and excused the defendant’s performance under the contract by dismissing the breach of contract case. This decision, if ultimately upheld, will have implications that will trickle down to the likely thousands of cases that will be filed as a result of the pandemic.
Two of legal’s top cybersecurity pros recount the latest, craziest cybersecurity and cybercrime stories of 2020, beginning with this week’s massive hack of U.S. government agencies.
COMPROMISED: U.S. Dept. of Commerce, Treasury, State, Homeland Security, NIH and the Pentagon
Graham Cluley reported on December 15 that the United States Departments of Commerce, Treasury, State and Homeland Security, the National Institutes of Health and the Pentagon have had their networks compromised in what seems to have been a massive supply-chain attack on American government systems.
The unwitting source seems to be enterprise monitoring software company SolarWinds, which has more than 300,000 customers worldwide. In a regulatory disclosure issued December 14, SolarWinds offered limited details of what happened.
NYC based real estate private equity company Invictus Real Estate Partners has originated an $89.5 million construction loan for the next phase of the Harrison Yards mixed use development in New jersey.
Cole Schotz P.C. announced it represented Invictus in
connection with its origination of the construction and bridge loan to Eastone
Equities LLC.
The proceeds will be used for the development of two
projects located within the luxury mixed-use Harrison Yards at 600 Rodgers
Boulevard South, 700 Rodgers Boulevard South and 600 South Fifth Street.
Phase I includes a mixed-use building consisting of 205
residential units, 7,670 s/f of commercial space and 218 parking spaces at 600