The Federal Reserve Main Street Lending Program

    On April 30, 2020, the Federal Reserve released additional details concerning the proposed Main Street Lending Program. The release includes changes to the original term sheets for the Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF) and introduced a new term sheet for the Main Street Priority …

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A Roadmap for the Re-Opening of the Massachusetts Economy is Offered

Massachusetts businesses are presently subject to Governor Baker’s Emergency Order Extending the Closing of Certain Workplaces and the Prohibition on Gatherings of More Than 10 People. The Emergency Order is effective until May 18, and requires all businesses and organizations that do not provide “COVID-19 Essential Services” to close their physical workplaces and facilities to workers, …

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wbur Features iRacing in Interview with NASCAR Driver Michael McDowell

For most professional sports leagues, going virtual during these isolating times has been a challenge. Thanks to Morse client, iRacing.com Motorsport Simulations, there’s a group of athletes who were able to transition seamlessly: NASCAR Racers. wbur recently interviewed Michael McDowell, Professional NASCAR driver, who discussed his experience getting started with iRacing and how it is …

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Senate Approves Deal to Expand PPP Small Business Loan Program

On April 21, the Senate approved $484 billion in new coronavirus aid, of which $310 billion will be used to replace the exhausted funds of the Paycheck Protection Program (“PPP”). The House of Representatives is expected to pass the bill within days, with PPP loan application processing expected to recommence as early as April 23, …

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U.S. Court of Appeals affirms jury verdict and judgment in favor of ITyX Solutions

On February 27, 2020, Morse litigator Scott Magee won an appeal in the U.S. Court of Appeals for the First Circuit on behalf of client ITyX Solutions AG. The Court of Appeals affirmed a jury verdict and $9.2 million judgment in favor of ITyX in a 28-page opinion. ITyX Solutions created and sells intelligent document recognition software. …

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WinterWyman Acquired by The Planet Group

The Morse M&A team is pleased to announce the successful acquisition of its client WinterWyman, one of the Northeast's most recognized recruitment firms, by The Planet Group, a portfolio company of MidOcean Partners. Morse M&A attorneys Joe Marrow and Joe Martinez led the legal team advising WinterWyman in connection with the structuring, negotiation and documentation …

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Morse Client Specter Hockey is a MassChallenge Gold Winner

Congratulations to Morse client Specter Hockey for being a MassChallenge Gold Winner and for taking home $50,000 last night at the MassChallenge Awards! MassChallenge, a global network of zero-equity startup accelerators, awarded more than $1M to 12 startups from its 10th annual Boston accelerator and second annual Rhode Island accelerator last night. The zero-equity cash …

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U.S. Supreme Court Rules EEOC Charge is Procedural Requirement, Not Jurisdictional

By: Amanda Thibodeau As previously discussed on our Employment Law Blog, Title VII of the Civil Rights Act of 1964 (“Title VII”), is a federal statute that prohibits discrimination in employment on the basis of race, color, religion, sex, or national origin. It also prohibits retaliation against individuals who assert rights under the statute. To assert a …

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Payroll Software and Services Company MPAY Acquires BenePAY and IDM Solutions

Firm client MPAY, Inc. has acquired Michigan-based payroll company, BenePAY, a leader in payroll, tax and HR services, to accelerate MPAY's national payroll and human resource services expansion strategy through its Payentry brand. MPAY has also acquired California-based payroll and insurance company, IDM Solutions, further expanding its reach and giving MPAY its first West Coast …

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MBBP Represents Hyperplane Venture Capital in Connection with Investment in Cambridge-Based Startup Modulate

Cambridge-based startup Modulate raised a $2 million seed financing round co-led by 2Enable Partners and MBBP client Hyperplane Venture Capital. Modulate produces voice features for digital characters in video games and online experiences and gives users the freedom to sound however they want. A MBBP team led by Mike Jabbawy represented Hyperplane Venture Capital in …

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