Over the last few months, in response to the COVID-19 pandemic, state governments have issued orders mandating the closure of non-essential businesses, and have urged citizens to stay home and practice social distancing. Although states have slowly begun to re-open their economies by lifting the restrictions on non-essential businesses, such as bars, restaurants, hair salons, […]
Ohio now defines “necessary suspension” to require complete shutdown of all business activities to trigger lost business income coverage. Hastings Mut. Ins. Co. v. Mengel Dairy Farms, LLC, U.S.D.C., N.D., Case No. 5:19CV1728. In a case of first impression in Ohio, with potentially wide application to COVID-19 business interruption claims, Weston Hurd’s Randy Taylor and Ron Rispo secured a favorable ruling regarding […]
On May 15, 2020, the U.S. Small Business Administration (SBA) announced its long-awaited forgiveness rules through the release of the PPP Loan Forgiveness Application. The application and accompanying instructions specify how loan recipients can apply for PPP loan forgiveness and allow companies to complete the detailed calculations to determine forgiveness amounts. The 11-page application package summarizes eligible and […]
On April 24, 2020, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act. In relevant part, this Act increases by $310 billion the funds appropriated for the PPP established on March 27, 2020, by the CARES Act. The Small Business Administration (SBA) has announced that new loans under this second tranche of […]
In these difficult times, many stores have taken different courses of action regarding their hours and employees. In most instances, the vast majority of dealerships have kept stores open with a limited sales staff, but an almost fully staffed service and parts department. Obviously, these circumstances change daily depending on the spread of COVID-19. I […]
Crain’s Cleveland‘s Legal Affairs section (April 6, 2020) features a Q&A discussion with six newly installed Managing Partners including Dan Richards. Crain’s asked the attorneys to weigh in and share their insights on various issues in order to collect a range of perspectives. Dan shares his thoughts on topics ranging from the impact of COVID-19 to […]
We are pleased to announce the latest edition of Weston Hurd’s Architects & Engineers Newsletter is now available. The Spring 2020 newsletter contains the following articles: Operating an A/E Firm Under Ohio’s Stay-At-Home Order; Have An Unsigned Proposal-Now What?; and What is Meant by Waiver of “Consequential Damages”? Should you have any questions, feel free to contact […]
Late last evening, in a bold response to the crisis currently facing our country, the Senate passed the nearly $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. This bill, known as Phase 3, is extremely beneficial for small business of all sizes and includes unique provisions to help provide liquidity and to help businesses […]
