The Ninth Circuit ruled on Thursday that a California retailer must pay its own legal fees in a state consumer protection lawsuit brought against it by the California Attorney General, despite its insurer’s agreement to cover...more
A Maryland federal District Court Judge declined to issue an emergency temporary restraining order on April 13, which was intended to remove eligibility restrictions put in place by Bank of America under the Coronavirus Aid,...more
Today is the first day to submit applications for a Small Business Administration loan under the new Paycheck Protection Program (PPP), one of the key components of the Coronavirus Aid, Relief, and. Economic Security (CARES)...more
The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP.
Any dealership with 500 or fewer employees is eligible to apply for a PPP loan. However, even if you are a...more
4/9/2020
/ Affiliated-Business Arrangements ,
Affiliates ,
Board of Directors ,
Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Electronic Records ,
Employee Retention ,
Executive Compensation ,
Federal Loans ,
Financial Stimulus ,
Lenders ,
Paycheck Protection Program (PPP) ,
Payroll Taxes ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Shareholders ,
Small Business ,
Stocks ,
Tax Relief
The Federal Trade Commission (FTC) recently released updated data security guidance in connection with a proposed settlement with LightYear Dealer Technologies, LLC (dba DealerBuilt), a service provider for the auto dealer...more
6/26/2019
/ Automotive Industry ,
Car Dealerships ,
Data Breach ,
Data Security ,
Data Storage ,
Electronically Stored Information ,
Encryption ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Gramm-Leach-Blilely Act ,
Personally Identifiable Information ,
Settlement ,
Third-Party Service Provider ,
Unfair or Deceptive Trade Practices