Jerry Cohen
Jerry Cohen Hello. I'm Jerry Cohen and with this blog I'll be providing insight and solutions regarding legal matters affecting the furniture industry, including operational issues, trends, and current and proposed legislation. I've worked on the business and legal side of the furniture industry which gives me an unusual perspective on the complexities we face. My firm and I currently counsel furniture manufacturers and national, regional and local retailers with their corporate, commercial and intellectual property transactions, as well as day to day matters. In the course of our work we deal on a regular basis with federal, state and local authorities, attorneys general, financial institutions (such as banks, asset based lenders, hedge funds and private equity); licensors and licensees; the media; sale promoters; creditors and debtors, landlords, and others. Have a comment? Add it to this blog or write to jcohen@homefurnishingslaw.com
Email: jcohen@homefurnishingslaw.com
Law and the Business of FurnitureLink This | Email This | Comments (1) CIT’S BANKRUPTCY: WHAT YOU NEED TO KNOW (PART 2)1. Background: Last month we discussed “What CIT Groups’ Bankruptcy Will Mean For You.” Since then, CIT Group Inc. has filed for bankruptcy protection hoping to restructure its debt and remain in business (although dependent on the holding company that has filed for bankruptcy, CIT’s operating subsidiaries remain outside of Chapter 11 and are currently serving customers). If you would lik... MoreLink This | Email This | Comments (1) WHAT CIT GROUPS’ BANKRUPTCY WILL MEAN FOR YOU1. Background: The furniture industry is heavily dependent on CIT Group Inc.’s factoring and lending services. CIT is in financial distress and its fate will be determined in about two weeks as the deadline looms for the bondholders to agree to accept a plan that would either restructure about $31 billion of debt or put CIT into a prepackaged bankruptcy. As of today, some bondholders have o... MoreLink This | Email This | Comments (0) WOOD, LEATHER AND TEXTILES EXEMPT FROM CPSC LEAD CONTENT LIMITSThe Consumer Product Safety Act of 2008 (CPSIA) which limits the content of lead in certain children’s products and requiring testing and certification has been controversial from its inception. However, a bit of good news is that the Consumer Product Safety Commission (”CPSC”) has issue a final rule stating that wood, leather and textiles inherently do not exceed the lead content limits as set f... MoreLink This | Email This | Comments (5) Furloughs as a Viable Alternative to LayoffsAlthough the economy is sending mixed signals and we’re all hopeful for an uptick, it’s safe to say that we’re not out of the woods just yet. Employers are still looking for ways to shore up sales and profits and employees continue to worry about job security. Labor and benefit costs, a substantial expense of any business, always receive close scrutiny in difficult times. There may be viable ex... MoreLink This | Email This | Comments (1) ARE YOU COMPLYING WITH THE NEW COBRA SUBSIDY REQUIREMENTS?The Economic Stimulus Bill provides individuals eligible for continued medical coverage under COBRA with a federal subsidy of 65% of the individual’s insurance premium for up to nine months, which subsidy is advanced by the employer. Every employer that sponsors a group health plan and every employee that was terminated or laid off on or after September 1, 2008 is affected. Below is a brief summa... More |
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