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CMM Partners with Staller Center for Complimentary Webinar: Protecting Your Assets

Posted: May 8th, 2020

Event Date: May 20th, 2020

Campolo, Middleton & McCormick, LLP, a Forbes Top Corporate Law Firm in America, in partnership with the Staller Center for the Arts, presents an engaging webinar titled Protecting Your Assets on May 20 at 10:00 a.m. The webinar will feature Martin S. Glass, Esq., who will lead attendees through a comprehensive overview of estate planning and will share tips that can help to protect your assets and clarify this complex process. An interactive Q&A will follow the presentation.

CMM and its charitable foundation, CMM Cares, has been a generous corporate sponsor of the Staller Center for the Arts and Stony Brook University for over 13 years. In 2019, CMM made a ten-year gift commitment solidifying their dedication to the arts and the University as a whole. The gift was also put toward a new modern sound system for both the main stage theater and recital hall to enhance live performances at the Staller Center.

Date: Wednesday, May 20

Time: 10:00 a.m.

The webinar is free but registration is required. Please register here.

CMM Cares Donation Supports Stony Brook Student-Athletes Impacted by COVID-19

Posted: May 5th, 2020

True to its mission to support Long Islanders and local institutions making an impact, CMM Cares has made a donation to the Stony Brook Athletics “Seawolves Helping Seawolves” initiative. The effort supports student-athletes and their family members impacted by COVID-19.

The coronavirus pandemic has been an unprecedented ordeal across the globe, and local student-athletes here on Long Island are not immune. Not only have students been uprooted from their campus and had many of their sports seasons canceled, but the crisis has also created financial hardship for many of the students and their families. All funds raised will boost Stony Brook’s Emergency Student Support Campaign by going directly to assisting necessary expenses resulting from an illness to either the student-athlete or his/her family member. Other examples of expenses may include groceries, toiletries, academic supplies for online classes, equipment to ensure safe training, or scholarships to support additional years of eligibility.

“Our support for Stony Brook University, and particularly the student-athletes who make us proud every day, is unwavering,” said CMM Senior Partner Scott Middleton, an active member of Stony Brook’s Intercollegiate Athletic Board. “During times like this, having such a strong and supportive community is invaluable.”

Follow CMM Cares on Facebook, LinkedIn, and Twitter.

WEBINAR: Loan Forgiveness Under the Paycheck Protection Program (PPP)

Posted: May 5th, 2020

Event Date: May 8th, 2020

A Personalized Workbook to Plan for Maximum Loan Forgiveness

Presented by Alan Sasserath, CPA, MS – Partner, Sasserath & Zoraian, LLP
Sponsored by Campolo, Middleton & McCormick, LLP and CMM Strategies

The Paycheck Protection Program (PPP) application process has been one of the most fraught experiences for the business community – reminiscent of the saying, “Ready, Fire, Aim!” For those businesses fortunate enough to have received a PPP loan, managing the forgiveness aspect is just as challenging. Fortunately, the team at Sasserath & Zoraian dove in headfirst to break down the PPP’s forgiveness provisions and has developed a workbook to help entrepreneurs and business owners calculate their loan forgiveness and plan accordingly.

Join us for a webinar introducing this critical tool and a primer on how to use it. Any business that has received or is still awaiting PPP funds must understand how to maximize their loan forgiveness so they can chart their next steps. With this personalized workbook and guidance, business owners can deepen their understanding of the PPP’s forgiveness provisions and put their business on the right path to maximize forgiveness of the loan.

Date: Friday, May 8

Time: 10 a.m.

REGISTER HERE

Registration is limited to the first 100 participants.

WEBINAR: Campolo Joins Fellow Business Leaders for Express News Group Discussion “Weathering the Storm: Key Tips for Bringing Back East End Business”

Posted: May 4th, 2020

Event Date: May 7th, 2020

The popular Express/Press Sessions events will go virtual this week for the first time, with plans to continue important conversations even while social distancing policies make group gatherings impossible. Instead, using the Zoom videoconferencing platform, the Express News Group will hold an interactive webinar discussion titled “Weathering The Storm: Key Tips for Bringing Back East End Business” on Thursday, May 7, at 2 p.m.

The panel will include a group of local experts: attorney and leadership expert Joe Campolo of Campolo, Middleton & McCormick, LLP; financial consultant Rocco Carriero; Kevin O’Connor, the CEO of BNB Bank; and John Tortorella, a well-known and successful local business owner.

The discussion will focus on local businesses, the struggles, the successes, and how to survive and ramp back up for the summer season. Following the format of the Express/Press Sessions, there will be an extensive question-and-answer period involving the audience. The discussion will be moderated by Joseph Shaw, executive editor of the Express News Group, which publishes The Southampton Press, The East Hampton Press, The Sag Harbor Express, and the websites 27east.com and sagharborexpress.com.

“The Press and Express Sessions were designed to bring the community together to discuss important topics, and while we can’t come together for lunch right now, it’s more important than ever that we facilitate these discussions and encourage leaders in their respective fields to join us in a virtual setting,” said Gavin Menu, co-publisher of the Express News Group.

He added, “There is so much uncertainly around the health crisis, and not a single person or business has been unaffected. Small businesses are the lifeblood of our local economy, and they are hurting right now. We are hoping to provide some guidance and best practices for a path forward. We’re hoping people join us, tell their stories and contribute to the conversation.”

The event is free, but space is limited. Register here.

CMM Works Remotely to Secure Dismissal of Federal Case

Posted: May 1st, 2020

Social distancing has changed our lives, but not CMM’s zealous advocacy.

Senior Partner Patrick McCormick recently conducted oral argument via teleconference on a motion we had filed to dismiss a federal complaint filed against our clients, a shareholder of a corporation and his wife, who was an employee. The commercial matter concerned breach of fiduciary duty and breach of contract in connection with a shareholders’ agreement.

Demonstrating agility and an adaptability to new norms, McCormick argued successfully for the dismissal of the complaint despite the fact that the litigants and Judge were separated by technology. The Judge granted our motion to dismiss the complaint and both claims (breach of contract and breach of fiduciary duty) against one of our clients with prejudice (meaning that those specific claims cannot be brought again) and dismissed the complaint (the same claims) against our other client without prejudice, meaning the plaintiff has the opportunity to try to correct the deficiencies and file a new complaint. But as it stands now, the complaint is dismissed.

McCormick persuasively answered the Judge’s questions about the shareholders’ agreement and the enforceability of specific provisions, and the dismissal was a major win for our clients. While courthouse doors continue to be closed, CMM works every day to push our clients’ matters forward.

Learn more about our commercial litigation practice here.

During Pandemic, CMM Helps Building Information Modeling (BIM) Contractor Move Forward

Posted: April 30th, 2020

During these unprecedented times, helping someone start a new chapter in their lives takes on new meaning.

This week CMM’s Don Rassiger closed a transaction for a client who sold his equity interests in a building information modeling (BIM) contractor to his partners. BIM involves computer-generated 3D modeling of buildings and the various systems (electrical, plumbing, HVAC, fire suppression, and others) that show the as-built locations of the systems inside of walls, drop ceilings and other concealed portions of the building. The sale gives the client the opportunity to pursue other business and personal interests.

Upon closing the deal remotely, the client commented, “Don, I’m grateful for all your efforts this past month. As a father, husband and entrepreneur I thank you. Your efforts have made a new path in life possible. I’m looking forward to discussing my new ventures with you.”

Making it possible for our clients to move forward provides the motivation we all need during these challenging times. Learn more about our vibrant M&A practice here and our Construction practice here.

VIDEO REPLAY: Campolo Discusses Critical Business Resources with Congressman Zeldin

Posted: April 28th, 2020

CMM’s Joe Campolo Discusses Post-Pandemic Economy with U.S. Congressman Lee Zeldin

Posted: April 28th, 2020

Tags: coronavirus

CMM Managing Partner and HIA-LI Board Chairman Joe Campolo led a virtual meeting this morning with U.S. Congressman Lee Zeldin to discuss the economic challenges facing businesses during the COVID-19 pandemic and how to solve them.

The meeting was hosted by HIA-LI, the voice of Long Island business. Under the leadership of President & CEO Terri Alessi-Miceli, HIA-LI has been working tirelessly throughout this crisis to deliver critical resources and information to the business community.

The wide-ranging discussion focused on the Paycheck Protection Program (PPP) eligibility, challenges, and loan forgiveness; additional resources for businesses struggling during these unprecedented times; federal guidance on phases to reopen the economy, and more. As a lawyer and advisor to countless businesses, a business owner himself, and a fearless advocate for the Long Island business community, Campolo took the meeting as an opportunity to ensure that the business community’s concerns are heard in Washington.

A recording of the meeting may be viewed here.

WEBINAR: Campolo Discusses Critical Business Resources with Congressman Zeldin

Posted: April 28th, 2020

CMM Managing Partner and HIA-LI Board Chairman Joe Campolo will be leading a virtual meeting with U.S. Congressman Lee Zeldin to discuss the economic challenges facing businesses during the COVID-19 pandemic and how to solve them.

The meeting is hosted by HIA-LI , the voice of Long Island business. Under the leadership of President & CEO Terri Alessi-Miceli, HIA-LI has been working tirelessly throughout this crisis to deliver critical resources and information to the business community.

Tuesday, April 28, 2020 from 9am – 10am.

REGISTER HERE

Topics:

Paycheck Protection Program (PPP) eligibility, challenges, and loan forgiveness
Additional resources for businesses struggling during these unprecedented times
Federal guidance on phases to reopen the economy, and more.