Morgan Lewis partner Richard LaFalce was quoted in a Law360 article about the US Internal Revenue Service’s decision to extend the deadline for some qualified opportunity fund investors to December 31. In the article, he discussed the benefits of the extension. "While the COVID-19 pandemic may cause investors and sponsors to reevaluate their plans for opportunity zone investments, any delay should not be driven by concerns regarding the ability to satisfy the OZ tax rules during the pandemic," said Richard.