News & Analysis as of

Private Equity Firms CARES Act

Akin Gump Strauss Hauer & Feld LLP

DOJ’s Civil Division Outlines Enforcement Priorities and Focus on COVID-19 Related Fraud

- The Department of Justice (DOJ) will focus its civil enforcement activity on fraud and other illegal actions relating to COVID-19, including with respect to CARES Act stimulus programs and consumer products marketed for use...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Technology Industry - Update #4

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

McAfee & Taft

Paycheck Protection Program eligibility issues for healthcare providers

McAfee & Taft on

Healthcare providers are encountering a number of issues in determining whether or not they qualify for the SBA Paycheck Protection Program. Some of the issues include the following: Public hospitals - In its Interim...more

Akin Gump Strauss Hauer & Feld LLP

New SBA Rule Bars Investment Managers from PPP Loans

On Friday, April 24, 2020, the Small Business Administration (SBA) published an Interim Final Rule (IFR) governing the Paycheck Protection Program (PPP) of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). In...more

Lowenstein Sandler LLP

Heightened Scrutiny for Public Companies and Portfolio Companies of Funds for PPP Loans and No PPP Loans for Funds Themselves

Lowenstein Sandler LLP on

Due to increased political pressure, the pendulum has now clearly swung in favor of heightened scrutiny and enforcement in respect of PPP loans taken by public companies and portfolio companies of funds. On April 24, 2020,...more

Farella Braun + Martel LLP

Paycheck Protection Program Eligibility for Private Equity and Venture Capital-Backed Entities

Congress’ recently enacted Coronavirus Aid, Relief and Economic Security Act (CARES Act) created a new small business lending program to provide a direct incentive for small businesses to keep their workers on their payroll...more

Womble Bond Dickinson

Update: Overview of the CARES Act’s Paycheck Protection Loan Program; Guidance for Private Equity and Venture Capital-Backed...

Womble Bond Dickinson on

Things are moving fast (perhaps the only good news in this uncertain environment).  On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”).  On Monday, March...more

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