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Government Contracts: Alert - November 12, 2009

On November 30, 2009, the Supreme Court will hear oral argument in Graham County Soil & Water Conservation District v. United States ex rel. Wilson, a qui tam action brought under the False Claims Act (FCA) and appealed from a Fourth Circuit decision. The Court will use the case to resolve a split among the circuits over the scope of the FCA's "public disclosure" bar. A decision affirming the Fourth Circuit could increase qui tam litigation against any organization that does business with, or receives federal money through, federal, state and local governmental entities – and would further expand the reach of the FCA to any state or local program involving the use of federal funds.

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Labor, Employment and Benefits: Alert - November 10, 2009

On October 28, 2009, President Obama signed into law a Defense Department Fiscal Year 2010 authorization bill that expands the Family and Medical Leave Act’s (FMLA) requirements with respect to “qualifying exigency leave” for family of military members and “military caregiver leave.” Specifically, qualifying exigency leave now applies to employees who have family members on active duty military service in a for­eign country, and military caregiver leave applies to family members of veterans, not just active duty service members. Although the law does not specify an effective date, it ap­pears to take effect immediately.

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Articles & White Papers
Hotels & Resorts

Hotels Struggle in Recession: Loan Defaults Rise
 

San Francisco Daily Journal

October 23, 2009
 
Lynn K. Cadwalader- San Francisco

Global Hospitality, Resort and Timeshare Group Co-Chair Lynn Cadwalader recently published a San Francisco Daily Journal article titled "Hotels Struggle in Recession: Loan Defaults Rise."

The article discusses the dismal economic condition of the California hospitality industry, specifically addressing franchised or branded hotels which now account for over 60% of the state's troubled loans. These hotels, financed at the height of the market and not providing enough income to service their inflated debt, typically operate under long-term management or franchise agreements requiring strict compliance with brand standards. Key to the tricky business of restructuring defaulted loans associated with these hotels, Ms. Cadwalader explains, is understanding the hotel management agreement and all the parties' rights and remedies under that agreement.

Also printed in the Los Angeles Daily Journal, the srticle is one of a three part series. To read the full article, please click on the link below.

READ: Hotels Struggle in Recession: Loan Defaults Rise

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