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"We fully expect plaintiffs to try to make out a Labor Law 200 or 241(6) violation against owners and general contractors should a worker contract coronavirus and develop significant complications resulting in a prolonged period of unemployment."
Since the COVID-19 concerns took root in the US and over the past three weeks, SRS' National Net Lease Group has had more than $200 million of new deals placed under agreement over this time frame.
While a rumored extension seems likely, investors should take a conservative approach and proceed as if no extension will be granted, with the understanding that they may get lucky.
By the time all is said and done, every industry and region will be impacted by the dramatic decline in economic activity, though the impact will vary by metro.
For the country to take the threat of COVID-19 seriously, the owners and managers of sites must consider serious measures to combat the further spread of the virus.