23Jul
CARES Act – Will PPP Loans Impact Employee Retention Credit in M&A Transactions?
Participants in M&A transactions may lose eligibility, possibly retroactively, for the “employee retention credit” under Section 2301 of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) if a party to the transaction has previously taken out a Paycheck Protection Program (“PPP”) loan....
By:
Foley & Lardner LLP
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