In four separate decisions issued on August 5, 2020, the U.S. Judicial Panel on Multidistrict Litigation declined to consolidate for pretrial purposes dozens of actions against national banks arising from their roles as...more
8/11/2020
/ Banks ,
Borrowers ,
Case Consolidation ,
Class Action ,
Coronavirus/COVID-19 ,
Corporate Counsel ,
Financial Institutions ,
Judicial Panels ,
Lenders ,
Multidistrict Litigation ,
Paycheck Protection Program (PPP) ,
Small Business ,
Small Business Loans
As more class actions are filed every day related to the COVID-19 pandemic, a growing number of plaintiffs are asserting claims against banks that acted as participating lenders in the Paycheck Protection Program (PPP). The...more
8/7/2020
/ Agents ,
Borrowers ,
Breach of Duty ,
CARES Act ,
Class Action ,
Coronavirus/COVID-19 ,
Fiduciary Duty ,
Lenders ,
Loan Applications ,
Multidistrict Litigation ,
Paycheck Protection Program (PPP) ,
SBA ,
Small Business Loans
In just two months, more than 110 class action lawsuits have been filed against colleges and universities. These complaints arise out of the COVID-19 pandemic that forced higher education institutions to close their campuses...more
5/31/2020
/ Breach of Contract ,
Class Action ,
Colleges ,
Conversion ,
Coronavirus/COVID-19 ,
Educational Institutions ,
Refunds ,
School Closures ,
Tuition ,
Universities ,
Unjust Enrichment
Lenders electing to participate in the $349 billion federal Paycheck Protection Program (PPP) understood the many challenges they faced in accepting and processing loan applications. ...more