Posted on

Bank of America Claims Class Action Could Jeopardize Loans to Smaller Businesses

Bank of America Claims Class Action Could Jeopardize Loans to Smaller Businesses

A group from Williams & Connolly opposed a movement that could force Bank of America to prevent limiting applications underneath the federal government’s $349 billion relief system, by which small enterprises get loans to keep afloat through the COVID-19 outbreak.

Thank you for sharing!

Bank of America has looked to a group from Williams & Connolly to battle a court action so it states would jeopardize the federal government’s $349 billion relief system by which small enterprises get loans to keep afloat through the outbreak that is COVID-19.

Desire to continue reading?
Become a free of charge ALM Digital Reader.

Advantages of a Digital Membership:

  • Free usage of 3 articles* every 1 month
  • Usage of the ALM network that is entire of
  • Limitless usage of the ALM suite of newsletters
  • Develop customized alerts on any search subject of one’s selecting
  • Re Re Search with a range that is wide of

*May exclude premium content
currently have an account? Check In Now

Amanda Bronstad

Amanda Bronstad may be the ALM staff reporter addressing class actions and mass torts nationwide. The email is written by her dispatch Critical Mass. This woman is located in Los Angeles.

Dig Deeper

Law Offices Mentioned

Trending Stories

International Briefing

A weekly, curated variety of our worldwide content from about the planet, throughout the company of legislation, in-house, regulatory, technology and much more, with expert insights from our senior editors.

Suggested Tales

Judge Issues Plaintiffs’ Right to Sue Over CARES Act Loan Program

A federal judge appeared reluctant to grant a temporary restraining order against Bank of America over its application process in what could be the first court interpretation of the federal government’s $2 trillion COVID-19 stimulus package.

More spend Cuts and Furloughs, Calls for Paperless SCOTUS, Weirdness of Remote contracting: The Morning Minute

Day here’s the news you need to start your.

National Law Journal

US Supreme Court Sets Sound Arguments for Choose Situations in Might

The justices said they might hear in can include the dispute over Trump’s monetary documents, an Obamacare instance as well as the debate over “faithless electors. one of the instances”

Featured Companies

Presented by BigVoodoo

Class Actions: the statutory law of 50 States Book

State and federal court course action professionals alike will find Class Actions: what the law states of 50 States become a reference tool that is invaluable. Class Action Report.

Banking Litigation & Regulation Forum 2020 Event

Delivers one of the keys insights and practical methods to acutely deal with the complex minefield of British banking litigation & legislation.

BTI – Bank & Capital Markets Tax Institute 2020 Event

BTI provides tax that is leading from banking institutions with unmatched tools and resources.

More from ALM

Why Law Offices Should fret with Financial Crimes Risk

Present instructions around monetary criminal activity conformity destination increased strain on the appropriate industry. Safeguard your lawyer from monetary crimes risk with one of these Anti-Money Laundering (AML) conformity recommendations.

2020 Business Ediscovery Buyer Guide

Ediscovery solutions are critical assets. Enhance this guide to your vendor evaluations and probing questionnaire to aid your appropriate team pinpoint a reliable partner, not merely a fancy solution.

Just how to Critically Evaluate Ediscovery Vendors: 5 rough concerns to inquire of

Discover the five difficult concerns you need to ask ediscovery pc computer software vendors that look beyond feature contrast, and dive deeper in to the value provided to simply help your business discover the fit that is best.

Premium Subscription

With this specific subscription you will definitely get limitless usage of top quality, on the web, on-demand premium content from well-respected faculty when you look at the industry that is legal. This can be ideal for solicitors licensed in numerous jurisdictions and for lawyers which have satisfied their CLE requirement but want to access information that is resourceful their training areas.

Team Accounts

All of us payday loans Alberta Account membership service is actually for appropriate groups of four or maybe more lawyers. Each lawyer is given unlimited usage of good quality, on-demand premium content from well-respected faculty into the appropriate industry along side administrative access to effortlessly handle CLE for the whole group.

Bundle Subscriptions

Get access to probably the most knowledgeable and experienced lawyers with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and can include present topics that are legal challenges inside the industry. Our option that is second allows to create your bundle and strategically choose the content that relates to your requirements. Both choices are priced the exact same.

From Information to Choices

Dynamically explore and compare information on law firms, businesses, individual solicitors, and industry styles.

Exclusive Depth and Go.

Legal Compass includes usage of our exclusive industry reports, combining the unmatched expertise of our analyst group with ALM’s deep workbench of proprietary information to offer insights that can’t be located any place else.

Big Images and Fine Details

Legal Compass delivers you the complete range of data, through the positioning associated with the Am Law 200 and NLJ 500 to intricate details and evaluations of companies’ financials, staffing, clients, news and activities.

Consulting Ladies Leaders in Technology Awards 2020

May 14, 2020
Bay Area, CA

Acknowledging ladies leaders in technology for quality across Leadership, customer Service and Innovation.

Canadian Fixed Income Investments in Pensions Forum

03, 2020
Toronto, Ontario june

Tackle challenges & opportunities within fixed earnings as a result of low interest, not enough liquidity and a weakened Canadian buck.

Consulting Top 25 Consultants 2020

June 11, 2020
Ny, NY

Asking Magazine identifies experts which have the impact that is biggest on the customers, organizations additionally the occupation.

How exactly to Strengthen your company Resiliency with Data Privacy Strategy also it Infrastructure Alignment

Sponsored By: FTI Asking |

Webcast Date: Wednesday, might 6, 2020 | In today’s state of doubt, company resiliency is top of mind for a lot of companies; nonetheless, lots of people are struggling to articulate what which may seem like and what you can do into the near term to produce it.

Am Law 100: styles, Insights & just just How businesses are situated For a international Economic Reset

Presented by: The United States Lawyer | Sponsored by: IMS Expert Services and Wells Fargo |

Webcast Date: Tuesday, April 21, 2020 | Join ALM’s upcoming webcast and start to become one of the primary to have a deep plunge to the exclusive insights and trends unveiled within our Am Law 100 information and exactly how organizations stay entering a tremendously different 2020. Hear through the editorial and cleverness groups behind the report at the time it is released.

Our New Reality: Virtual ADR Is Here and able to help lawyers in Resolving Disputes

Sponsored by: Nationwide Arbitration and Mediation |

Webcast Date: Thursday, April 30, 2020 | Now that we all have been confronted with the fact of social distancing, it really is imperative that individuals utilize technology to carry on working while sticking with the us government regulations.

Assoc. General Counsel, Life Sciences – (U.S. remote)

Teaneck, Nj, United States Of America

Cognizant is seeking a Senior-level (Director or Director that is senior Sciences Regulatory Attorney situated in Dallas, Denver or Teaneck. You .

Litigation Associate Attorney

Hartford, Connecticut, United States Of America

Litigation firm, mainly protection, is searching for an associate at work with 1-5 years’ experience. Should be admitted to apply in Connecticut. Excelle.


Newark, Nj-new Jersey, United States

Gibbons seeks a co-employee with 3-6 several years of pharma/medical unit and mass tort litigation experience. Exemplary writing skills needed. N.


DBR Internet

Fisher Potter Hodas proudly welcomes Gerry to your company


NYLJ Online

Scahill Law Group P.C. mourns the passage of a legend, and our mentor, Judge John A. Milano


NYLJ Online

Scahill Law Group P.C. mourns the passage through of a legend, and our mentor, Judge John A. Milano

ALM Legal Publication Newsletters

Subscribe and Never Miss Another Story today.

In your membership that is digital can join an limitless range an array of complimentary newsletters. Go to your My Account web web page in order to make your alternatives. Have the prompt news that is legal critical analysis you can’t manage to miss. Tailored only for you. In your inbox. Each day.