Lucus Ritchie

Lucus Ritchie

Pierce Atwood LLP

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COVID-19: Florida Federal Court First to Dismiss PPP Agent Fee Class Action

In a national bellwether case, the United States District Court for the Northern District of Florida dismissed a putative class action seeking the payment of “agent fees” for Paycheck Protection Program (PPP) loans under the...more

8/28/2020  /  Breach of Implied Contract , CARES Act , Conversion , Declaratory Relief , Federal Loans , Lenders , Paycheck Protection Program (PPP) , Private Right of Action , Putative Class Actions , Unjust Enrichment

COVID-19 Payment Protection Program: Lender Guidelines Subject to Litigation Risks

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

4/14/2020  /  CARES Act , Coronavirus/COVID-19 , Federal Loans , Financial Stimulus , Lenders , Paycheck Protection Program (PPP) , Relief Measures , Risk Management
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