X
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
Source Url: https://www.jdsupra.com/legalnews/cares-act-will-ppp-loans-impact-98238/

Related

There are no sure things, there are opportunities

Every time I’ve spoken to other plan providers about sure things they are working on, all I later s...

Read More >

Washington Supreme Court: Adjusters Can’t Be Sued for Bad Faith

Earlier today the Washington Supreme Court issued its highly-anticipated decision in Keodalah v. All...

Read More >

NY is the New CA: 11 Employment Laws You Missed if You Blinked in the First Half of 2019

As 2019 wears on, New York has continued to churn out new employment laws and regulations that appea...

Read More >

Financial Daily Dose 3.3.2020 | Top Story: Promised Central Bank Action Halts Market Slide (for now)

Despite news of additional COVID-19-related deaths and infections in America, central bankers appear...

Read More >

Changing Climate, Changing Laws: Addressing New Wildfire Risk Requirements in Project Development

In this op-ed for pv magazine, David Lazerwitz and Linda Sobczynski of Farella Braun + Martel examin...

Read More >

OFCCP Ends Fiscal Year with Large Settlements Focused on Tech and Financial Services Firms

In recent weeks, the Office of Federal Contract Compliance Programs (“OFCCP”) has entered into fou...

Read More >