On April 2, the U.S. Treasury released Paycheck Protection Program – Interim Final Rule, which provides formal guidance to the Paycheck Protection Program (PPP). The following highlights some of the new key guidance and changes. For additional details on the PPP, see our previous alert here.
The U.S. Treasury expanded the list of companies that are ineligible to apply for PPP loans. Other than 501(c)(3) nonprofit organizations, which are eligible to apply for loans, the list of ineligible businesses can be found here and include:
For more Day Pitney alerts and articles related to the impact of COVID-19, as well as information from other reliable sources, please visit our COVID-19 Resource Center.
COVID-19 DISCLAIMER: As you are aware, as a result of the COVID-19 pandemic, things are changing quickly and the effect, enforceability and interpretation of laws may be affected by future events. The material set forth in this document is not an unequivocal statement of law, but instead represents our best interpretation of where things stand as of the date of first publication. We have not attempted to address the potential impacts of all local, state and federal orders that may have been issued in response to the COVID-19 pandemic.
Scott Clark, Chair of Day Pitney’s Multistate Tax Practice, is presenting on a virtual panel at the Anchin Executive Forum titled, “The Changing Shape of Business in New York” on June 9.
On February 11, the Hispanic Bar Association of New Jersey and Prudential will present the 11th Annual Corporate Counsel Conference.
On January 20, Jim Rotondo spoke at the PLAC webinar, "The Future of CBD Law: 2021 and Beyond."
Day Pitney Alert
Day Pitney Alert
1st Constitution Bancorp and Lakeland Bancorp, Inc. entered into a definitive agreement and plan of merger under which Lakeland will acquire 1st Constitution in a transaction valued at about $244 million, the banks announced July 12.
Scott Brian Clark’s arrival to the firm was featured in Reuters’ column, Career Tracker: Lawyers on the Move.
The news of Scott Brian Clark joining Day Pitney as chair of the firm's Multistate Tax Practice was featured in Thomson Reuters' The Daily Docket Industry Moves.
Day Pitney Press Release
Scott Brian Clark's arrival to the firm was profiled in a Law360 feature article, "Day Pitney Snags Partner To Chair Multistate Tax Practice."