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Kathleen Sullivan and Derek Shaffer of Quinn Emanuel. Applying PPP Loan Affiliation Rules To PE Portfolio Cos. Portfolio companies' eligibility for Paycheck Protection Program loans is complicated by their status as affiliates of their private equity sponsors, and uncertainty over how liberal and consistent lenders will b

high containment labs. The State Department declined to clarify." Spain Defends Pandemic Response As Case Numbers Overtake Britain. Reuters (8/10, Allen) reports Spain "defended its response to the coronavirus pandemic on Monday after official data showed the country had overtaken Britain to register

returned indictments against Michael Leon Johnson and Olusola Ojo, who "were charged with conspiring to obtain loan proceeds from banks for federal Paycheck Protection Program forgivable loans guaranteed by the Small Business Administration under the CARES Act." The men "created various business entities, fraudulently rep

en roughly 800 miles south from his home state, to come to California and attack a stockbroker in San Francisco." The Pinole Police Department added Allen "indicated his willingness to 'shoot it out' with the arresting officers, and remarked that if they hadn't come to him when he was asleep he would

that in June, "outlays were up 223% to $1.1 trillion, a record increase for any month," the "bulk" of which "was $511 billion for the government's Paycheck Protection Program, set up in April and designed to keep small businesses afloat by funding loans that are forgivable if certain criteria are met." The Washington Pos

ashington Post (08/15, Leonnig, Dawsey), New York Post (08/15, King), ABC News (08/15, Faulders, Katersky, Barr), NBC News (08/15, Doyle, O'Donnell, Allen), The Hill (08/15, Beitsch), Newsweek (08/15, Slisco), The Daily Beast (08/15, Folk), Newsmax (08/15, Staff Writer), The Independent (08/15, Kilande

in. The article mentioned that prosecutors alleged that the Bloom Firm falsely certified it used funds from the U.S. Small Business Administration's Paycheck Protection Program during the pandemic for eligible payroll expenses, when it actually used the money to pay several workers who were ineligible to receive the PPP fu

high containment labs. The State Department declined to clarify." Spain Defends Pandemic Response As Case Numbers Overtake Britain. Reuters (8/10, Allen) reports Spain "defended its response to the coronavirus pandemic on Monday after official data showed the country had overtaken Britain to register

returned indictments against Michael Leon Johnson and Olusola Ojo, who "were charged with conspiring to obtain loan proceeds from banks for federal Paycheck Protection Program forgivable loans guaranteed by the Small Business Administration under the CARES Act." The men "created various business entities, fraudulently rep