Congress passed a new COVID-19 stimulus package containing an important amendment to the CARES Act which should foreclose any possibility the Plaintiffs in the Agent Fee class actions currently pending across the country can...more
Twice this year, Balch & Bingham reported on the wave of “Agent Fee” class actions against lenders who made PPP loans under the CARES Act. At one point, there were over sixty such lawsuits spread across the federal courts,...more
Earlier this year, this blog reported on the wave of “Agent Fee” class actions against lenders who made PPP loans under the CARES Act. At one point, there were over sixty such lawsuits, spread across the federal courts,...more
In a landmark decision Monday, the United States District Court for the Northern District of Florida dismissed a putative class action involving “agent fees” for Paycheck Protection Program (“PPP”) loans under the federal...more
On Wednesday, the Judicial Panel on Multidistrict Litigation rejected consolidation of 62 class actions involving Paycheck Protection Program (“PPP”) loans under the federal Coronavirus Aid, Relief, and Economic Security...more
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Below is a summary of the Act and describes who it will affect and how it will apply. ...more
On March 25, 2020, the Senate voted 96-0 to approve the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The House is expected to vote on this bill on Friday, March 27....more
3/27/2020
/ Airlines ,
CARES Act ,
Coronavirus/COVID-19 ,
Direct Payments to Families and Individuals ,
Educational Institutions ,
Eviction ,
Federal Loans ,
Financial Distress ,
Financial Institutions ,
HDHPs ,
Health Care Providers ,
Healthcare Facilities ,
Infectious Diseases ,
Medical Research ,
Medical Supplies ,
Medicare ,
Moratorium ,
Payroll Taxes ,
Personal Protective Equipment ,
Proposed Legislation ,
Public Health Emergency ,
Relief Measures ,
Small Business Loans ,
State of Emergency ,
Supply Chain ,
Tax Credits ,
Tax Deferral ,
Unemployment Insurance ,
Waivers