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.
Day Pitney Real Estate, Environmental and Land Use practice co-chair Craig Gianetti was featured in Law360 article "NJ Bill Paves An Aggressive Affordable-Housing Path."
Day Pitney Partner Kritika Bharadwaj has been named to the 2024 Lawdragon 100 Leading Global AI & Legal Tech Advisors list. This is the inaugural year for this list.
The Day Pitney Real Estate, Environmental, and Land Use Team, led by practice co-chair Katharine Coffey, represented the developers Russo Development, Onyx Equities LLC, and Dinallo Development LLC/Terminal Construction in connection with multiple transactions facilitating the development of Hackensack Meridian Health's $200 million, first-of-its-kind health care facility at Metropark, a mass transit hub in Woodbridge, NJ.
Day Pitney Healthcare, Life Sciences, and Technology Counsel Damian Privitera's arrival was featured in the Law360 article "Moses & Singer Healthcare Atty Joins Day Pitney in Hartford."
Day Pitney Trusts and Estates Partner James A. Ballerano was featured in a Daily Business Review Q&A about his most significant career accomplishments.
Day Pitney Partners Stephen Catanzaro, Laurence Smith, and Elizabeth Yoo were featured in New Jersey Law Journal's 2024 New Partners Yearbook, which highlights partners, including lateral partners, made or hired at New Jersey firms.
Day Pitney Healthcare Partner Magda Rodriguez authored the article "When Physician Retirement Arrangements May Be Legal" for Law360.
Day Pitney Data Privacy, Protection and Litigation co-chair William Roberts was featured on Vancord CyberSound podcast "Understanding the Data Privacy Patchwork: What You Need to Know."
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