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McKool Smith principal Gayle Klein was quoted in Law360's article, "3 Things to Watch As COVID-19 Real Estate Litigation Looms." The article discusses that with the expiration of assistance under the CARES Act, commercial landlords and tenants are likely to face litigation. The article goes on to state "Landlords have been burning the midnight oil for months in attempts to reach agreements with tenants outside of court, and while some owners have been able to offer concessions to their occupants, others have found they cannot, due to language in their documents with lenders." Gayle stated, this "has created a vicious cycle that concerns the tenant, landlord and lender and that owners may start to take action against their lenders, seeking permission to grant concessions to tenants." Read the full article here.


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