Monthly News For October, 2020

PPP Update – Selling a Business in the Time of COVID

PPP Update – Selling a Business in the Time of COVID

On October 2, 2020, the Small Business Administration (SBA) issued a much-awaited notice clarifying the procedures for change of ownership for entities that have received Paycheck Protection Program (PPP) funds. The SBA issued a Procedural Notice, detailing required procedures impacting PPP borrowers and lenders if: (i) twenty percent or more of the common stock or other ownership interest […]

Mediation Services Provided by Corky O’Sullivan

Posted on in Insurance, News
Mediation Services Provided by Corky O’Sullivan

Weston Hurd Partner Cornelius J. (Corky) O’Sullivan has been trained and certified by The Cleveland Mediation Center and has fulfilled the requirements of the Supreme Court of Ohio Rule 16 to provide services as a Professional Mediator. During his career, Corky has participated in well over 150 civil mediations and has served as an Arbitration Chairman in Cuyahoga […]

Ohio Makes Investigation Defense to Environmental Liability Consistent with Federal Law

Posted on in News, Real Estate

Effective September 15, 2020, purchasers of real property who meet the requirements to avoid environmental liability under the Federal Comprehensive Environmental Response Compensation and Liability Act (“CERCLA”) will also automatically satisfy those requirements and avoid environmental liability under Ohio law. Ohio has enacted Section 3746.122 of its Revised Code which essentially provides that if a […]

JUDGES BEGIN RULING ON MOTIONS IN COVID-19 INSURANCE COVERAGE LAWSUITS

Posted on in Insurance, News
JUDGES BEGIN RULING ON MOTIONS IN COVID-19 INSURANCE COVERAGE LAWSUITS

The emergence of the COVID-19 pandemic spurred policyholders and businesses to turn to their insurance carriers to seek potential “business interruption” and “civil authority” coverage. Policyholders are hoping this coverage will help offset some of the losses incurred as a result of the government shutdown orders in March and April 2020, which closed “non-essential businesses” […]