COVID-19 Lawsuits: PPP Loan Denials, Delays

May 6, 2020 Last Updated on August 7, 2020

Important Information

Attorneys working with ClassAction.org are no longer investigating this matter. The information here is for reference only. A list of open investigations and lawsuits can be viewed here.

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Case Update

August 7, 2020 – Investigation Closed

At A Glance

This Alert Affects:
Anyone who had their paycheck protection program (PPP) application delayed or denied.
What’s Going On?
Several class action lawsuits have been filed amid the COVID-19 outbreak alleging that some banks are processing PPP applications in an order that serves their own best interests, rather than following the rules set by the government. Attorneys working with ClassAction.org are now looking into the alleged practice and need to hear from business owners who failed to get their applications approved as part of their investigation.
How a Lawsuit Could Help
A lawsuit could help you and other small businesses recover money from the bank for the missed loan opportunity and any related damages.