Tag Archives: McDonald Hopkins

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Paycheck Protection Program Flexibility Act passes Senate

On June 3, 2020, the Senate approved the Paycheck Protection Flexibility Act of 2020 (H.R. 7010), legislation the House passed on May 28 that makes significant changes to the Paycheck Protection Program (PPP). The Paycheck Protection Flexibility Act is  designed to make it easier for borrowers to obtain PPP loan forgiveness and intended to relax requirements and increase access for small businesses seeking emergency funding under the PPP. Click here for an overview of the most significant changes.

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Federal Reserve announces creation of Main Street Lending Program

The Federal Reserve has announced the creation of the Main Street Lending Program. The Program is intended to assist smaller and medium-sized businesses that were sound financially before the COVID-19 pandemic and that need financing alternatives. Businesses that were unable to access Payroll Protection Program (PPP) funding or require additional funding after receiving a PPP loan may also access the Program.
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10 ways to stay CyberSavvy while employees return to work

Employees returning to the office after weeks of remote work creates data privacy and cybersecurity challenges that businesses need to confront head on. These considerations are especially critical as many states and regulators are requiring employers to collect COVID-19 related health information. Below are 10 ways to combat potential cyber risks and stay #CyberSavvy while employees are returning to work.
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Corporate directors and officers and fiduciary duties in the COVID 19 world: Same duties, but much more to do

One thing that hasn’t changed since the COVID-19 crisis hit? Directors and officers of corporations still have the same fiduciary duties that they had before the pandemic. What COVID‑19 has changed is what constitutes due care, and the impact of this is likely to be broadened by an enlargement of the parties who should be considered as fiduciary duties are discharged.
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The state of COVID-19 telehealth

This article on the sweeping and urget changes in the telehealth space has been updated to reflect the April 30, 2020, press release by the Centers for Medicare & Medicaid Services (CMS) announcing expanded Medicare payments and coverage for telehealth services.
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Consider bigger gifts to charity from IRAs in 2020

There’s a new opportunity for gifts to charity from IRAs and qualified plans, but think fast and don’t forget about qualified charitable distributions. Congress and the president have given a limited time offer to deduct cash gifts to public charities up to a total of 100% of adjusted gross income.
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Ohio businesses move towards a slow and restricted reopening

On April 30, Dr. Amy Acton, Director of the Ohio Department of Health, issued a new “Stay Safe Ohio” order that replaced the previous stay at home order and eased certain business operation restrictions. Although the order directs Ohioans to remain home, select businesses and operations in the state are permitted to reopen so long as all workplace safety standards and social distancing requirements are met.
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A Recipe for Patent Protection: Are food products patentable?

In the past several years, the food and beverage space has seen an explosion of innovation—alternative meat products, plant-based dairy and protein alternatives, CBD- and collagen-infused everything, and functional foods and beverages and containing everything from pre/pro/post-biotics to nootropic and adaptogenic herbs, just to name a few. And many of these innovations have led to wildly successful products with household brand recognition (think: Impossible Foods and Vital Proteins).

While many of these brands may be protected by robust trademark portfolios, what role have patents played in defining their territory in the market? Patent protection can add significant value to an emerging brand by keeping competitors at bay, serving as an asset or collateral to secure financing, or as leverage to license across different industries or markets. Yet, the vast majority of conventional foods occupying the shelves of your local grocery store are likely not covered by a utility patent.  Which begs the question, are food products patentable?

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Congress passes $484B coronavirus relief bill

Congress has passed the Paycheck Protection Program and Health Care Enhancement Act, increasing the total amount available under the Paycheck Protection Program by $310 billion. Of that sum, $60 billion is set aside for loans to be made through small and very small community banks and credit unions. The bill also includes an increase of $10 billion for EIDL grants, $75 billion to help overwhelmed providers and hospitals, and $25 billion for coronavirus research.
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FDA authorizes first at-home COVID-19 test

On April 21, 2020, the Food and Drug Administration announced its approval of the first at-home COVID-19 test pursuant to its Emergency Use Authorization authority.
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