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virginia COVID-19 Task Force

Hunton Andrews Kurth

Legal Services | Virginia, USA
tel: +1 804 788 8200 | fax: +1 804 788 8218
Riverfront Plaza, East Tower | Richmond | Virginia | 23219 | USA

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  • Class Action, Multidistrict Litigation
  • Admiralty and Maritime Law
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Partner
  • Commercial Litigation
  • Appellate
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  • Business Litigation
  • Advertising and Marketing Litigation

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Allegations That COVID-19 was Physically Present and Altered Property are Sufficient to Sustain COVID-19 Business Interruption Suit

On Wednesday, a federal judge in Texas denied Factory Mutual’s Rule 12(c) motion for judgment on the pleadings, finding that the plaintiffs adequately alleged that the presence of COVID-19 on their property caused covered physical loss or damage in the case of Cinemark Holdings, Inc. v. Factory Mutual Insurance Co., No. 4:21-CV-00011 (E.D. Tex. May 5, 2021). This is the third COVID-19-related business interruption decision from Judge Amos Mazzant since March, but the first in favor of a policyholder. Taken together, the three decisions have two key takeaways and provide a roadmap for policyholders in all jurisdictions...

Significant Accounting Deficiencies

The challenges of addressing COVID-19, government closure orders, the Paycheck Protection Program, Main Street Lending Facilities and digital banking made this past audit season more challenging than most. Not surprisingly, it has given rise to quite a number of potential significant deficiencies.1 Significant deficiencies that are not addressed will no doubt become “material weaknesses.”2 Obviously, the remediation required to address a material weakness is significantly higher and the ramifications regarding a bank’s controls are (and potential disclosure) more acute if a material weakness is identified...
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Re: Covid-19 Information Request

Firm: Hunton Andrews Kurth

Task Force: Thomas Taylor, Cassandra (Sandy) Collins, Samuel Danon

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