2020 may be over, but the pains of the coronavirus pandemic that have ravaged the hotel sector in New York haven’t gone away.

The Ninth Circuit partially revived a shareholder suit Monday alleging generic-drug maker Impax Laboratories Inc. participated in a price-fixing scheme that led to a dip in the company’s stock price, finding that the investors sufficiently alleged the cause of some of their economic losses but missed the mark on others.

Employees at Williamsburg’s trendy William Vale Hotel have been hit with a round of layoffs, yet another sign of how badly the city’s hospitality industry is struggling amid the pandemic.

In a normal September, world leaders would fly to New York to grab a piece of the spotlight at the opening of the United Nations General Assembly, pumping up to $12 million into the city’s hotels alone.

Politico: New York Playbook Newsletter By Erin Durkin and

Owners of largely empty hotels and office buildings in Manhattan’s central business district amid the coronavirus pandemic could convert their properties into apartments under a proposal announced Monday by Gov. Andrew Cuomo.

New York Gov. Andrew Cuomo has plans to convert empty commercial space in Manhattan into affordable housing, and the local real estate and hoteliers boards are aboard. In his 11th state of the state address, Cuomo on Monday proposed legislation that would open a five-year window for the conversion of office buildings and hotels into residential use.

Social distancing, empty streets, darkened stages and shuttered lobbies highlight the devastation brought upon New York’s hospitality industry. Those within the sector argue a combination of federal aid and overhauled regulations are what’s needed to spark a post-Covid-19 turnaround.