On January 12, 2021, the Department of Justice (the “DOJ”) settled its first civil action for alleged fraud against the Paycheck Protection Program (the “PPP”) – the primary lending program under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act for small businesses negatively impacted by the COVID-19 pandemic.
USA, Banking, Insolvency & Restructuring, Litigation, BakerHostetler, Coronavirus, Paycheck Protection Program, CARES Act 2020 (USA), Financial Institutions Reform, Recovery, and Enforcement Act 1989 (USA)
Island One, Inc. to Emerge from Bankruptcy
USA, Insolvency & Restructuring, Leisure & Tourism, Litigation, BakerHostetler, Bankruptcy, Debt, Investment funds, Refinancing, Conveyancing, Subsidiary, Secured loan, United States bankruptcy court