In response to the 2008 financial crisis, Congress rushed to create the Troubled Asset Relief Program, pumping millions of dollars into banks and other financial institutions. Perhaps inevitably, investigations into allegations of fraudulent receipt of relief funds and litigation under the False Claims Act ensued. Twelve years later, history may be about to repeat itself, given the hasty launch of the Paycheck Protection Program. Goodwin partner and co-chair of the firm’s Financial Industry group Jim McGarry shares how businesses can still button up the documentation behind previous requests. Read the article in Massachusetts Lawyers Weekly here.
In The Press May 28, 2020