Tagged with "public companies"

SEC Investigates Public Companies who Received PPP Loans

Posted on May 14th, 2020 at 5:00 PM
SEC Investigates Public Companies who Received PPP Loans

The Payroll Protection Program (“PPP”), designed to provide loans to small businesses, has been mired in controversy. Multiple companies, including Shake Shack, Potbelly and the Los Angeles Lakers, have repaid loans received from the PPP after public backlash.  The U.S. Securities and Exchange Commission (“SEC”) has begun conducting a sweep of public companies that received loans from the PPP.

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