Capital One Ordered to Release Forensic Report on Data Breach

A United States Magistrate Judge for the Eastern District of Virginia has ordered Capital One, the national bank, to release its forensic report on a data breach that occurred in 2019. The data breach affected about 100 million Capital One customers, and exposed sensitive financial data including Social Security numbers and information about credit card transactions. The decision may have a significant impact on many companies who wrestle with protecting the sensitive data of their customers. Continue reading “Capital One Ordered to Release Forensic Report on Data Breach”

The Complications of Corporate Dissolution

A corporation is meant to absorb the financial and legal liability its owners might otherwise accrue in the course of running their business. However, a corporation’s effectiveness is not limitless, and there may come a time when it becomes necessary to bring the corporation’s business to a close. When that happens, you will need to undertake a corporation dissolution, which can be a more complicated process than it first appears. Continue reading “The Complications of Corporate Dissolution”

Will Business Interruption Insurance Cover COVID Interruptions?

The coronavirus pandemic has resulted in businesses across the country being closed or forced to operation on a limited basis. Many businesses have business interruption insurance, insurance policies intended to cover instances where they cannot operate their business. The question these business owners have is this: will their business interruption insurance cover COVID-related closures and disruptions, or are they going to be left to handle the repercussions of the pandemic themselves? Continue reading “Will Business Interruption Insurance Cover COVID Interruptions?”

Lab Executive Charged with Fraud in COVID and Allergy Testing

The president of Arrayit, a publicly traded medical testing company, has been charged with securities fraud and conspiracy to commit healthcare fraud after it was revealed he had directed the company to submit false claims for allergy and COVID-19 tests. These charges include the company allegedly paying kickbacks to doctors who participated in the scheme. The charges are the first in the country against a medical company accused of exploiting the coronavirus crisis for their personal gain. Continue reading “Lab Executive Charged with Fraud in COVID and Allergy Testing”

Facing Bankruptcy, Hertz Paid Executives $16 Million in Bonuses

Hertz, the major rental car company, has struggled to stay afloat since the arrival of the coronavirus. Its business model is heavily reliant on tourism, and with most people staying at home, their revenues have plummeted. However, these financial difficulties did not stop the company from paying its executives $16 million in bonuses right before filing for bankruptcy, a move that has received criticism from employees and shareholders alike. Continue reading “Facing Bankruptcy, Hertz Paid Executives $16 Million in Bonuses”

Small Business Owners Seek Essential Status to Remain Open

With the stay-at-home order in New York now extended to May 28 for some parts of the state, many small business owners are increasingly seeking ways to survive what will soon be an entire Spring under quarantine. While many businesses have moved to telework arrangements where possible, many other “nonessential businesses” have been forced to remain closed for the duration of the quarantine. For some businesses seeking to survive, they have come up with a novel approach: finding a way to shift to be considered an “essential” business. Continue reading “Small Business Owners Seek Essential Status to Remain Open”

Employers Brace for Employee Coronavirus Exposure Suits

Businesses are eager to reopen after the coronavirus quarantine, but employees are less so.
Businesses are eager to reopen after the coronavirus quarantine, but employees are less so.

The coronavirus has occupied the attention of America for months now, with people quarantined in their homes to avoid contracting or spreading the disease. This effort to slow the spread of the coronavirus, however, has had a deleterious effect on the economy, and businesses are eager to return to normal so they can begin making money like they did before. Employees, however, are less than enthusiastic about returning to work in the middle of a pandemic, and they have been turning to the courts for a remedy. Continue reading “Employers Brace for Employee Coronavirus Exposure Suits”

FTC Addresses Rash of False and Unsubstantiated Coronavirus Claims

Amid the coronavirus pandemic, people are desperate for anything that might protect them from the disease or cure them if they have it. While plenty of companies are now hard at work on legitimate means of addressing the crisis, there have also been many people looking to cash in on people’s desperation. The Federal Trade Commission (FTC) has begun seriously cracking down on these fraudulent actors, sending out letters to dozens of companies making false or unsubstantiated claims about their products and their ability to fight the virus. Continue reading “FTC Addresses Rash of False and Unsubstantiated Coronavirus Claims”

NY PAUSE Extended to May 15 by Governor Cuomo

Governor Andrew Cuomo has announced that New York’s coronavirus quarantine measures, known more formally as the New York PAUSE (Police that Assures Uniform Safety of Everyone), will be extended until May 15. The PAUSE, which began on March 22, has heavily restricted most business operations and shut down all non-essential government functions. While it was initially intended to last only a few weeks, it has since been extended twice to deal with the severity of the coronavirus pandemic. Continue reading “NY PAUSE Extended to May 15 by Governor Cuomo”

The Benefits and Risks of Running a Business Remotely

With the coronavirus crisis fully underway, more and more businesses are having their employees work remotely from home. In the immediate sense, this has the benefit of protecting business owners, employees, customers and clients from exposure to the coronavirus, limiting the spread of the disease. However, there are other potential benefits, as well as risks, that business owners should be aware of as they transition to remote work. Continue reading “The Benefits and Risks of Running a Business Remotely”