By Kelly A. Carrero, Henry Klehm III, Howard F. Sidman, Jay W. Tambe
A team of Jones Day attorneys discusses how, in light of the unprecedented COVID-19 market disruptions, financial market participants are likely to face significant issues that may result in litigation. In their view, possible areas for lawsuits include disputes relating to committed financings, market value declines and valuation, limitations on liquidity for consumer finance transactions, disclosures related to crisis readiness and response, insurance coverage, and data privacy and cybersecurity issues. They assess a number of complex litigation risks for financial market participants in COVID-19 crisis response and post-recovery planning and identify contractual and other considerations for mitigation of those risks.
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