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Showing posts with the label Paycheck Protection Program lawsuits

Long Island Strip Club Owner Sues New York Governor Andrew Cuomo

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Long Island Strip Club Owner Sues New York Governor Andrew Cuomo And SBA Over Covid-19 Restrictions Long Island strip club owner Sean McCarthy has owned Blush Gentleman’s Club in Commack since 1997. McCarthy claims New York State stripped of his constitutional rights. Now he has filed a federal lawsuit against Cuomo and the state of New York. The target of his wrath is New York Governor Andrew Cuomo.  The Long Island strip club owner filed suit against Cuomo over his executive orders shuttering non-essential businesses amid the pandemic. McCarthy’s attorney, Joe Murray told the New York Post: Governor Cuomo is engaged in a huge overstep of executive power. He is infringing on people’s fundamental civil rights far beyond the least restrictive means allowable under the constitution. Someone should remind him he is the governor and not the king. Read more at MFI-Miami

Paycheck Protection Program Lawsuit Claims Wells Fargo Played Favorites

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Lawsuit Claims Wells Fargo Shuffled and Played Favorites With Paycheck Protection Program Applications A California-based company filed a class-action lawsuit against Wells Fargo. The lawsuit cites unfair actions with businesses applying for the Paycheck Protection Program. The Treasury Department announced the $349 billion forgivable loan program last month. The government set up the loan program for small businesses to pay employees during the ongoing COVID-19 crisis. The fund  ran out of money on Friday . The lawsuit alleges that Wells Fargo unfairly prioritized businesses seeking large loan amounts. However, the Small Business Administration said that PPP loan applications would be processed on a first-come, first-served basis. The lawsuit also states Wells Fargo did this so the bank would receive millions of more dollars in processing fees by  prioritizing the applications that would make the bank the most money. Read more at MFI-Miami